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Formation of co-operatives.

Answer Text:
Formation of co-operatives.
- Co-operative societies can be formed by people who are over eighteen years regardless of their economic, political or social background.
- There must be a minimum of 10 persons and no maximum number.
- The members draft rules and regulations to govern the operations of the proposed society i.e. by-laws, which are then submitted to the commissioner of co-operatives for approval.
- The registrar then approves the by-laws and issues a certificate of registration.
- If the members are unable to draw up their own by- laws, the co-operative societies Act of 1966 can be adopted in part or whole.