The following documents are required to be submitted:
| Type of Document | Signatures Required | Remarks | |
|---|---|---|---|
| a) | For credit society |
At least 10 persons | Provide: Name NRIC or FIN No. Nationality Occupation Address |
| b) | For non-credit society |
At least 10 persons | Provide: Name NRIC or FIN No. Nationality Occupation Address |
| c) | By-laws | Not applicable | Nil |
| d) | Viability statement (business plan and cash flow forecast) |
Not applicable | Cash flow forecast of at least 5 years. If viability statement is unchanged from earlier submission,no need to resubmit. |
| e) | Minutes of the Preliminary Meeting | All those present |
Not Eligible For Membership:
No person shall be eligible for membership of the Committee of Management of a co-operative society if:
- He is under 21 years of age (except in the case of school co-operatives);
- He is not a Singapore citizen or resident in Singapore, subject to the Registrar’s approval;
- He is an undischarged bankrupt;
- He has been convicted of an offence involving fraud or dishonesty
- 5-year disqualification period applicable for non-credit co-ops
- No time bar for credit co-ops;
- He has been convicted of an offence under the Co-operative Societies Act;
- He has been dismissed as an employee of a co-operative society; and
- He has been found to have previously misused or mismanaged the funds of a co-operative society.
The above information is found at Source: MCCY, How to set up a co-operative society.
Applicants may approach us, the Singapore National Co-operative Federation to seek assistance, and support, on how to set up a co-operative society.
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