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THE PROCEDURE TO BE FOLLOWED TO INCORPORATE A PRIMARY
CO-OPERATIVE UNDER THE CO-OPERATIVES ACT (NO.91 OF 1981)
In this memorandum any reference to the "Act" is a reference to the
Co-operatives Act, 1981 (no.91 of 1981) and the Co-operatives Amendment
Act of 1993) and any reference to a section is a reference to a section
of the afore-named Acts.
The Act provides for the formation and incorporation of three kinds of
primary co-operative. viz. an agricultural co-operative, a special farmers'
co-operative and a trading co-operative (section 17). Although the
procedure to be followed in respect of the formation of each kind of primary
co-operative is the same, the Act sets out various requirements which serve
to identify each kind of co-operative. This memorandum will explain the
various requirements for each kind of co-operative.
The first step which must be taken by the promoters for the formation of
the proposed co-operative I to communicate with the office of the
Registrar of Co-operative, Private Bag X237, Pretoria 0001 in order;
(a) to obtain clarity regarding the requirements for, an the policy
laid down in respect of the formation of co-operatives;
(b) to have statute for the proposed co-operative drawn up; and
(c) to obtain the necessary documents complying with the requirement
in respect of the kind and form of co-operative.
Such documents for the formation and incorporation of co-operative will
be drawn up and provide by this office free of charge.
The next step will be to convene a meeting of interested parties.
At least such number of natural or juristic persons a is set our in
sub-paragraphs (a),(b) and (c) who are qualified to form the kind of
co-operative the promoters have in mind must be present at this meeting
(section 19).
(a) Agricultural co-operatives
Two or more persons carrying on farming operations on their own account,
whether alone or together with ay other person or in addition to any other
business occupations or trade. Persons carrying on farming operations
outside the Republic qualify for the formation o such co-operatives only
after they have been approved by the Registrar o Co-operatives. An
application for the approval of such persons will therefore have to be
made to the Registrar or Co-operatives well in advance
(Section 57(I)a (i) or (ii)).
(b) Special farmers' co-operatives
Two or more persons carrying on farming operations on their own account
(the observation made in sub-paragraph (a) applies in this case also) or
who in the course of their activities handle, treat or dispose of
agricultural products.
(c) Trading co-operative
(i) Eleven or more persons (natural or juristic persons);or
(ii) In the case of a primary trading co-operative formed for the purpose
of manufacturing an disposing of any article, two to eleven persons.
N.B: A home industry co-operative does not fall uner this category and the
provisions of sub-paragraph (c)(i) apply to the formation o uch a co-operative.
A chairman and a secretary must be chosen to conduct the business of the
meeting.
After a short explanation by the chairman of the purposes of the meeting,
there shall be submitted (and read) in accordance with section 25(2)(a) of
the Act;
(a) a written exposition of the objects of the co-operative (as included
in the proposed statute), its business prospects and the facts and statistics
calculated to show that the co-operative will be ale to carry out its objects
after incorporation. This exposition should be drawn up by the promoters
before the meeting is held.
The exposition should, in addition to the objects of the proposed co-operative,
indicate the mot important reasons which motivated the promoters to for the
co-operative and must set out full particulars I respect of anticipated turnover,
capital requirements, the manner in which the capital required will be collected
or otherwise obtained, anticipated income and expenditure, whether the anticipated
income will e sufficient to cover all expenses and what advantages are expected
to accrue to members by the incorporation of the co-operative.
The incorporation of every co-operative is subject to the approval of the Registrar
of Co-operative. Bearing in min the prejudicial effect that the failure of a single
co-operative can have on the movement as a whole, the incorporation o the
co-operative will not be approved unless the promoters can present particulars
showing that arrangements in respect of capital requirements ad business prospects
in general are such a to enable the co-operative, after its incorporation, to
attain its objective.
(b) Both copies of the statute must be submitted for registration
In this connection see sub-paragraph 3(b) supra. Notice must be taken in connection
with the completion of the statute, that in accordance with Section 40 of the Act
the name of the co-operative must include the word "co-operative" and include as its
last word, the word "limited" but shall not include the word "company" or an
abbreviated form thereof. As in accordance with Section 36 of the Act, a co-operative
may not be incorporate under the same name as that under which another co-operative
has already been incorporated, or under a name which resembles that of an already
incorporated co-operative to such an extent that, in the opinion of the Registrar
it would be misleading, it is advisable that the Registrar be consulted in
connection with the proposed name for the co-operative before the meeting for
the formation of the co-operative is held. Furthermore, provision is made in
Section 37 of the Act for literal translation and one abbreviated form of the
name of the co-operative. If such are desired, the relevant particulars must
be included in the statute and the requirements as set out above must be
complied with. Notice must be taken that in accordance with Section 106(1) of
the Act, the co-operative may not establish any branches or depots except at
places authorised in its statute. Therefore, in the event of the co-operative
wanting branches or depots, the places where they will be situated must also be
stipulated in the statute.
After consideration of the exposition and statute referred to in paragraph 7,
each of the persons in favour of the formation of the co-operative and who
wish to become members of the proposed co-operative must fill in and sign an
application form for membership of the proposed co-operative.
N.B At least the number of persons mentioned in paragraph 6 must complete
application forms. It is advisable to obtain as many applicants for membership
as possible to confirm the essential support.
The persons who have completed and signed application forms for membership must
then proceed to elect the first directors of the co-operative. Only these
persons who completed and signed application forms for membership at the formation
meeting are eligible as the first directors of the co-operative. The number of
directors shall be as stipulated in the statute but in accordance with section
107(2) of the Act.
The co-operative at this stage is lawfully formed and the meeting can be concluded.
Within 60 days after the holding of the meeting application must be made to the
Registrar of Co-operatives, Private Bag X237, Pretoria for the registration of
the statute and incorporation o the co-operative. Application must be made on
Form K1 and must be accompanied by the following;
(a) a sworn or solemn statement by the person who acted as chairman at the
formation meeting stating that the meeting at which the co-operative was formed
was held on a date specified in the statement and tht all the requirements et
out in the Act concerning those matters preceding the formation of the
co-operative and in connection therewith have been complied with (a per
Form A - Sections 25 and 26);
(b) a copy of the written exposition referred to in sub-paragraph 7(a) supra;
(c) two copies of the proposed statute of the co-operative as approved by the
formation meeting signed by at least two applicants for membership in the case of
an agricultural or special farmers' co-operative or trading co-operative formed to
manufacture an article and by at least two but not more than eleven applicants for
membership in the case of a trading co-operative. The signature of each of the
persons who signed the statute must be attested by one witness. The same
applicants for membership and their witnesses must sign both copies of the
statute in the same order.
The statute which is recommended for registration must be clearly typed or
printed an any alterations made thereto must be duly initialled by the persons
whose signatures appears at the end of the statute. At least one of the copies
must be original. Ie. Not a Photostat copy;
(d) A list containing;
(i) the full names and address of the applicants for membership also, including
those who applied for membership after the holing of the meeting;
(ii) The date on which each application for membership was made;
(iii) The number of shares applied for by each applicant (N.B. At least one tenth
of the nominal value of shares must be paid on application therefore) and;
(iv) The number of shares (if any) to which a contingent liability is attached
and the amount of such contingent liability.
(e) a schedule showing the full names and addresses of the persons elected as
the first directors or the co-operative.
(f) a detailed statement containing particulars of expenses and liabilities
incurred on behalf of the proposed co-operative up to the date of transmission to
the Registrar of the application for incorporation.
(g) A copy of any written contract, if any, entered into before the incorporation
of the co-operative - see section 26(2)(g)an 29 of the Act.
(h) Uncancelled revenue stamps in payment of the application fee;
Commercial Co-operatives: R550.00
Developing Co-operatives: R137.50 and
(i) the prescribed form (K.5) containing the address of the registered office
and the postal address of the co-operative. This form will be supplied by the
Registrar's office.
Commercial Co-operatives: R21.00
Developing Co-operatives: R00.00
As soon as the statute of the co-operative is registered, the Registrar will forward
to the secretary of the co-operative a certificate in which is certified that the
co-operative is incorporated and a copy of the statute on which particulars of
registration are recorded. On receipt of the afore-named document the co-operative
may begin its activities.
As the statute of the co-operative must be kept in safe-keeping at the registered
office of the co-operative and be held available for inspection by its members at
all reasonable tie, this office must satisfy itself that the co-operative has
received the statute. For this reason, it is expected that the co-operative will
acknowledge receipt thereof in writing.