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Student's Book Form Five

Making voluntary decision: Individuals must certificate of registration within sixty days.
voluntarily decide to form a co-operative Holding a general meeting after registration:
society and inform the co-operative officer The meeting must be held within two months
within their location about their aim of for handing the registration certificate to
establishing a co-operative. members, dissolving the founding board
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Holding a general establishment meeting: and appointing the management board,
Individuals intending to start a co-operative receiving directives from the registrar of
organisation must hold a general meeting co-operatives as well as setting strategies
that will be chaired by the co-operative to attain co-operative objectives.
officer. The agenda for the meeting will
among others include: Types of co-operatives
(a) The goal of starting the co-operative Co-operatives are divided into two main
organisation. categories, according to membership
(b) Appointment of members to form the registration and the services they provide.
founding board of the co-operative The two categories are further explained
organisation. as follows:
(c) Appointing the board leaders. According to membership registration
(d) To inform members about procedures The co-operatives that are registered
for the establishment of the co- according to membership registration are
operative organisation. categorised as follows:

(e) Delegation of powers and Primary co-operatives: These are
responsibilities to the founding board co-operatives in which all the members
until the co-operative organisation is are individuals in a local area like a village,
registered. ward, or council. It takes a minimum of
(f) Proposing the name of the co- five individuals. The main purpose of
operative organisation, fees, and establishing these primary co-operatives
shares. is to provide goods and services to the

Holding a general meeting to discuss the customers at reasonable cost, hence
board’s recommendations: The founding improving standard of living. These
board is required to call a meeting with co-operatives also, provide employment
the founders to discuss and approve the opportunities or services to its members
constitution, budget, business plan, and the and promote development.
will to start the co-operative organisation. Secondary co-operatives: These are
Applying for registration: The application co-operative societies in which they operate
will be sent to the assistant registrar of at the district or regional level. These
co-operatives at the regional level. Upon co-operatives aim to provide services to
satisfaction, the registrar must issue a primary societies.

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