Cook Islands Co-operative Societies Regulations 1953

  • not the latest version

Cook Islands Co-operative Societies Regulations 1953

(SR 1953/106)


Note

These regulations are administered in the Department of Island Territories.


PURSUANT to the Cook Islands Act 1915, His Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, hereby makes the following regulations.

Contents

Title and commencement

1 

Arrangement of regulations

2 

Interpretation

3 

Appointment of Registrar and assistant registrars

4 

Societies which may be registered

5 

Conditions of registration

6 

Application for registration

7 

Registration

8 

Societies to be bodies corporate

9 

By-laws of a registered society

10 

Amendment of the by-laws of a registered society

11 

Address of society

12 

Copy of regulations, rules, and by-laws and list of members to be open for inspection

13 

Disposal of produce to or through a registered society

14 

Creation of charges in favour of registered societies

15 

Charge and set off in respect of shares or interest of members

16 

Shares or interest not liable to attachment

17 

Transfer of interest on death of member

18 

Deposits by or on behalf of minors

19 

Register of members

20 

Proof of entries in books of society

21 

Qualification for membership

22 

Members not to exercise rights till due payment made

23 

Restriction of membership in society

24 

Votes of members

25 

Representation by proxy

26 

Contracts with society of members who are minors

27 

No individual to hold more than one-fifth of share capital of any society

28 

Restrictions on transfer of share or interest

29 

Limitation of liability of members

30 

Loans made by a registered society

31 

Deposits and loans received by a registered society

32 

Restrictions on other transactions with non-members

33 

Investment of funds

34 

Disposal of profits

35 

Audit

36 

Power of Registrar to inspect society's books

37 

Inquiry and inspection

38 

Costs of inquiry and inspection

39 

Winding up after inquiry or by consent

40 

Winding up due to lack of membership or failure to carry on operations, etc.

41 

Appointment of liquidator

42 

Liquidator's powers

43 

Power of registrar to control liquidation

44 

Enforcement of order

45 

Appeal against order of liquidator or registrar

46 

Completion of liquidation and dissolution of society

47 

Power of Registrar to surcharge officers of a registered society

48 

Appeal to Resident Commissioner

49 

Settlement of disputes

50 

Appeal

51 

Rules

52 

Recovery of sums due to Crown

53 

Power to exempt from stamp duty and registration fees

54 

Prohibition of the use of the word co-operative

55 

Cook Islands Native Companies Regulations 1923 not to apply to registered societies

56 

Offences

57 

Penalty for soliciting violation of contract

58 

Gazette information