Cooperative Societies Law COOPERATIVE SOCIETIES

CAYMAN ISLANDS Cooperative Societies Law COOPERATIVE SOCIETIES REGULATIONS (1997 Revision) Supplement No. 7 published with Gazette No. 20 of 29th September, 1997. PUBLISHING DETAILS Revised under the authority of the Law Revision Law (19 of 1975). The Cooperative Society Regulations made the 11th January, 1977. Revised this 2nd day of September , 1997. Page 2 Revised as at 2nd day of September , 1997 c Cooperative Societies Regulations Arrangement of Regulations CAYMAN ISLANDS Cooperative Societies Law COOPERATIVE SOCIETIES REGULATIONS (1997 Revision) Arrangement of Regulations Regulation Page 1. Citation ......................................................................................................................................5 2. Application for registration .........................................................................................................5 3. Annual return .............................................................................................................................5 4. Information in annual return .......................................................................................................5 5. Other returns .............................................................................................................................6 6. Fee ............................................................................................................................................6 SCHEDULE 7 Application to Register a Cooperative Society 7 c Revised as at 2nd day of September , 1997 Page 3 Cooperative Societies Regulations Regulation 1 CAYMAN ISLANDS Cooperative Societies Law COOPERATIVE SOCIETIES REGULATIONS (1997 Revision) 1. Citation 1. These Regulations may be cited as the Cooperative Societies Regulations (1997 Revision). 2. Application for registration 2. Application for registration of a cooperative society shall be made to the Registrar in the form prescribed in the Schedule. 3. Annual return 3. Annual returns shall be made to the Registrar by every registered society in the calendar year following the year of its first registration and thereafter in each calendar year. 4. Information in annual return 4. The annual return shall provide the following information — (a) the registered address of the society, if change thereof has been made since registration or the last return; (b) the names and designations of the officers of the society; (c) the names of the members of the society, and the number of shares held by each; (d) details of charges entered into by the society and still outstanding; and (e) a balance sheet from date of registration or of the last return, as the case may be, supported by accounts complying with the Law and certified by c Revised as at 2nd day of September , 1997 Page 5 Regulation 5 Cooperative Societies Regulations an independent auditor previously approved by the Registrar for that purpose. 5. Other returns 5. Other returns required to be made in order to comply with the Law shall be made in such form as may be approved or prescribed, from time to time, by the Registrar. 6. Fee 6. The registration fee required to be prescribed by section 6(4) of the Law is one hundred dollars. Page 6 Revised as at 2nd day of September , 1997 c Cooperative Societies Regulations SCHEDULE SCHEDULE COOPERATIVE SOCIETIES LAW (1997 Revision) (Section 6) Application to Register a Cooperative Society To the Registrar of Cooperative Societies- We, the undersigned, being ten members and the secretary of a society hereby apply for the registration of that society as a cooperative society under the above Law under the name of .......................................and herewith send three * printed copies of its Rules each of which are signed at the end thereof by each of us. The said Rules comply fully with the provisions of the Cooperative Societies Law (1997 Revision). Signature of Applicants Full Names Addresses .................................... .................................... .............................. .................................... .................................... .............................. .................................... .................................... .............................. .................................... .................................... .................................... * Printing may be waived by the Registrar if the Rules are otherwise suitably presented. Publication in revised form authorised by the Governor in Council this 2nd day of September, 1997. Carmena H. Parsons Clerk of Executive Council c Revised as at 2nd day of September , 1997 Page 7