Cap. 442 чл. 27Additional information.

(1) The Board may require the applicants to furnish it with such information with reference to the society regarding:

(a) the economic or other need for the formation of the society;

(b) the educational and advisory work pertaining to co-operative principles and practices already being carried out among the applicants for registration and prospective members;

(c) the availability of sufficient capital, in accordance with regulations as may be prescribed under this article, for the commencement of operations;

(d) the availability of officers, including professional management, capable of directing and managing the affairs of the society and of keeping such records and accounts for the society as the Board may require; and

(e) such other additional information as the Board deems fit.

(2) The Board, having received an application for registration of a co-operative society in conformity with the requirements of this Act, and having been satisfied that the proposed society does not require to submit further information relating to its possible registration, may -

(a) reject an application, specifying the reasons for such a decision and communicating these reasons to the proposers; or

(b) provisionally register the proposed society under article 28; or

(c) fully register the proposed society under article 29.

(3) In exercising its powers under this article, the Board shall take into account all the circumstances of the case, including the ability of the proposed founding members to carry the project through, the proposed objectives of the society and the proposed mode of operation.