Many people have been made to perambulate
and waste their precious time and effort by some wolves in sheep’s clothing,
just because they don’t understand the actual process of setting up a
co-operative society. Is it atypical to be a novice in what you don’t
previously know? Or is it compulsory that someone must pass through some
unusual stress before he/she can be put on track? It is neither strange nor
funny for somebody to be taught what he doesn’t know. Therefore, as an amateur,
to benefit from what we are actually discussing about in this book, which is
“STEPS TO SETTING UP CO-OPERATIVE SOCIETY AND RUNNING IT” I advise readers to
pay more than the usual attention to this book. As it will not just help those
intending to set up co-operative societies alone, relatively, it will add to
the knowledge of managing co-operative societies, which you already know.
Most
of the information’s you will find here might be what you already know, but if
you remind yourselves of it and act on them, you will achieve great benefit from
it as a co-operator. To start up this entertaining TRIP, let’s consider the
words used in the co-operative society BYE-LAWS. They are expected to guard you
through this exciting trip.
What
You Must Do, Before Your Co-operative Society Is Approved For Registration:
1.1a. About
ten individuals who understands and trust themselves and have a common objective
or pursuit are expected to come together, to discuss ways they hope to excel in
their various businesses, and also what to do to help their immediate
Community. After conducting with themselves and seeing the possibilities of
succeeding if they work together, they are expected to make their intention
known to the Co-operative officer in charge of the Area/LGA they operate from.
1.1b. The
Co-operative officer is expected to visit the group during their meeting, to
ascertain whether they have been pre-informed or not. This visit by the officer
will display the authenticity of the existence of such group. In the visit, the
officer is likely to educate them on the primary guidelines of setting up a
co-operative society, what a co-operative society is, how a co-operative
society is expected to function, its financing and the ways they expend funds.
1.1c. The
requirements to meet up with before setting up a reputable co-operative society
are made known to them. The reason of thrift payment by co-operators is
decisively explained to them in detail. The need not to be in a hurry in
running a co-operative society is brought bare before them.
1.1d. The
co-operators will then be expected to start some savings in which part of it
will be used to register the co-operative after which on routinely, the officer
visits them and check their various record books to make sure they are
acquainted with the understanding of book keeping and how to record them.
1.1e. During
these several visit by the officer in charge, who is certain that they have
gradually saved enough money to register the group and also very sure that
after the registration that the co-operative group will still have some money
left, he/she will then advice the co-operators to write an application to the
Director of Co-operatives through the registrar of the co-operative societies,
which he/she will attest to that he is recommending them for registration.
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