Understanding Book: COMPLETING THE REGISTRATION PROCESS

2.1a.                After submitting the application of registration to the Director of co-operative through the co-operative officer, the officer is expected to keep an eye on the activities of the group in the area of regularity and making sure that the vision behind the formation of the group is maintained. During this period, the members are taught the Bye-Laws. They may be shown a copy of the Bye-Law and ask to read through in order to ascertain whether they understand and is satisfied with the contents.

2.1b.                Because they are new in the co-operative business, it will be fair to show them a copy of the Bye-Laws as it will serve as a guard to them, in case they intend to correct the content of the general Bye-Law to suit their interest. Hence the suggestion in section 2.1a.

2.1c.    Some words used in the Bye-Law which might seem strange to the new cooperators, are:-

i.                    “Director”

ii.                  “Regulation”

iii.                “Financial Year”

iv.                 “Laws”

v.                   “Board or Committee”

2.1d.    The words written in italics in section 2.1c above which is defined below, Needs to be thoroughly explained to the new Co-operators in order for them to be well sentient in the structure and activities of the Co-operative system.

                                i.            DIRECTOR- Means; the registrar of Co-operative societies Edo State Nigeria. If the group is doing the registration in Edo State.

                              ii.            REGULATION- means; The Bendel State Co-Operative  Societies Regulation, 1976,as amended from time to time (as applicable In Edo State) if the Co-Operative Society is to be registered in Edo State.

                            iii.            FINANCIAL YEAR- means; the period of twelve months beginning on 1^st January and ending on the following 31^st December.

                            iv.            LAWS- means; the Co-operative Societies Law, Cap. 45 Bendel State of Nigeria Laws 1976 as amended from time to time (as applicable in Edo State) if the Co-operative Society is to be registered in Edo State.

                              v.            BOARD OR COMMITTEE- mean; the Board of Director of the Co-operative Societies.

2.1e.    the Officer must not fail teach the new venturers the actual definition of co-operative society. The definition below will help the new co-operative society member to be well acquainted with the terms and conditions of setting up a co-operative society, and running it. At this point, the new co-operators will be given the opportunity to make up their minds whether they are still willing to continue with the process of registration or to terminate it. As the Director of Co-operative will ask them what they know about the co-operative society, before registering the group.