Co-operative Banks Act, 2007 (Act No. 40 of 2007)Chapter VIIA : Co-Operative Financial Institutions40C. Registration of co-operative financial institution |
| (1) | The Authority may grant an application for registration on payment of the fee, prescribed by the Authority, if the Authority is satisfied that— |
| (a) | the application has been made in accordance with this Act; and |
| (b) | the co-operative financial institution complies with the requirements for registration referred to in section 40B. |
| (2) | The Authority must, on registration, issue a certificate of registration to the co-operative financial institution and publish a notice of the registration in the Register. |
[Section 40C inserted by section 290, item 7 in Schedule 4, of Act No. 9 of 2017 - effective 1 October 2018 (paragraph (h) of Notice 169 of 2018)]