Co-operative Societies Regulations (S.I. No. 14 of 2001)

1. Shorttitle, 2. lnterpietation.

3. Forms under FIRST SCHEDULE.

4. Fees SECOND SCHEDULE.

5. Filling out of document.

6. Dividend tate.

7. Transfer of shares.

8. Fidelity bond.

9. Annual fmancial statements and special returns.

10. Audiwt.'a Rop<lrt,

11. Standard of financial statement and auditors report.

12. Election ofdirectors and committee members.

13. Meeting ofDirectors.

14. Appointment of Secretary and Treasurer.

1S. Duties of Secretary and Treasurer.

16. Supervisory Committee.

17. Procedures on appeal oftennination of membership.

18. Special reserve fund.

19. AmendmeutofBy•LaWff.

20. By-Laws ofhousing society.

21. Liquidity.

22. Loan approval.

23. Borrowing by director etc,

24. Securify for loans.

25. Max:imuru pCLiod foe it:dc10~t on lolll14,

26. Loan teltllS and conditions, Z7. Bad debts.

28. Allowance for bad or doubtful debts.

29. Overdue loans.

30. Investment.

31. Use of statutory reserves.

32. Policies and procedures for loans.

33. Interest on loans.

34. Deposits.

35. Maximum liability on deposits and loans.

36. Bank accounts.

37. Branches.

38. Commencement ANTIGUA AND BARBUDA STA'I\ITOl'l'Y ImmlJMENIB

1001.No. 14 The CIMlperstive Socletie~ Regulations 2001 made by the Min- ister under section 238 of Co-operative Societies Act 1997 (No. 2 ofl997).

1. These Regn latinns may he cited a.~ the Co-operative Soci- Short title. eties Regulations, 2001. 2, In these Regulations unless the context provides other- . Interpretation, wi~e-· "Act" means the Co-operative Societies Act 1997 (No. 2 pf 1997); "Association'' means a gnmp mpcop\e 01%~ fot l'.O~ common purpose but without corporate personality; · "Bank" rneam a hank registered under the Banking A:ct (Cap.40); , "Coiporation" means a body corporate incorporated up.- tier law; · "Document'' means a report, return or other docUUlCllt ie- quited to be sent to the Registrar pursuant to the Act or th,-.,,- Reeulations.: "Form" means a prescribed form as set out in the FIRST SOIEDULE; "Misconduct" means an offence against the Act, those Regulations or By-Laws; "Re'ii.sttar'' means the Registrar of Co-operative Societi,es appointed under section 5 of the Act. "Society" means a registered primary, secondary or ter- tiary society. "Tenn" means three years; 2 "Unincorporated Organization" means a body ofpersont not incorporated under \aw. Fonns under 3. The fonns set out in the FIRST SQHEDULE are to be used FIRST for the purposes of the Act and these .Regulations . .)CnnPULn. Fees SECOND 4. The fees to be paid under the Act and these Regulation~ SCJIBPULE. are those set out mthe SECOND SCHEDULE. Filling out of 5, (l) Where an item required to be 4isclosed in a documen~ document. does not apply, the person preparing the documents shall indi- cate that fact by placing the words "no~ applicable" or the ab- bt:evio.tic:m "NfA" in th.e epace p1:<!vi.d.ed, i.n tb.e d.<i.i:.mnent. {2)Where- (a) any pToviaion required to be!;ef out in a documi,nf fa too long. to be set out in th¢ space provided in the document; or (b) an :11grei,me,nt or other rlncument i~ to he incOf\lO• rated by reference to fonn pkt of the document; then the person preparing the docume.tjt may incorporate the provision, agreement, nr other documel,lt as provided in para- graph(3). (3) A \)tovision, aireemcnt ot othet tlO<:.\l.men"t tefweo \~ m paragraph (2) may be incorporated by _ i (a) setting out the phrase: ''The a'111exed schedule (num- ber) is incorporated in this fl)rm" in the space pro- vided on the document; and (b) annexing 'the provision, agreement or other docu- ment to the main document. (4) A separate annex is required with respect to each item that is incorporated by reference in a document pursuant to para- graphs (2) and (3). Dividend rate. 6. For the purposes of sections 3 (c) and 123 (1) of the Act, no society sha11 pay a dividend on its share at a rate that is greater than two percent above the savings rate set by the East- ern Cali\,'utan Cen\lac\ Bank. 3

7. (1) The Re'gistrar may determine the forms to be used for Transfer of the transfer of shares. shares. (?) No trnn.,far of" !>.hare ,;.hall he re2i,;.terec\ if macle hy a member who is indebted to the Society without.theilpprovjl( of the Board. (J) The tran,.feree of a share has no right against a so~iety until the transferred share is registered and any claim by. the society against the transferor is equally void, .8. (l) For the purposes of section 87 of the Act a security or Fidelity bond fidelity bond shall be given by all officers including the Ptesi~ dent.Vice President, Secretary, Treasurer, Secretary-Treas~rer, Mahager and any other authorised signing officer, and every employee ofthe society. (2) In respect of the Credit Union the amount of securib' or fidelity bond required is $50,000.00. (3) In respect of other co-operative societies the minimum amount of the security or fidelity bond is - (a) $1,000 in the case of a society with sales or revenue not exceeding $25,000 per year; (b) $2,000 in the case of a society with sales or reve11ues greater than $25,000 but not exceeding $100,000 per year; and (c) $5,000 in the case ofa society with sales or revenues ereater than $100,000 per year.

9. (I) The comparative financial statements required p\l[Su- Annual financial ant to section 124 of the Act must inclu~e- statements and special returns. (a) a balance sheet; (b) a statement of income; (c) a statement of retained earnings; and (d) a statement of changes in fmancial position. (2) Financial Statements need not be designated by the n11mes set out in sub-paragraphs (a) to (d) of paragraph {l ). · a 4 (3) Additional periodic performance returns as required t~eRe~istrarunder secti~n 141(3) ofm:e Act, shall also be pr v1dedm an accurate and umely manner so that fue Department' records are up-to-date and reliable. These may include th PEARLS Monitoring indicators. Auditor's Report, 10, For the purposes of section 137 of the Act, the Auditor o~ a society shall indicate in his report whether or not the financfall statements contained in his report- ( a) were prepared in accordance,with generally accepted accounting principles; and (b) are presented on a basis cortsistent with that of the preceding year. Standard of financial . 'o , U. The financial statement referred in section 124 of the Act and the auditor's report referred to in sectionl37 of the said . statement and auditor's report. • Act must, except as otheiwise provided by these Regulations, be prepared in accordance with standar~s approved by gener- ally accepted international auditing stan;dards. Election of 12. (l) This Regulation applies for tb;e purposes. of sections directors and 50. 56 and 62 of the Act. cOmll)ittec members. of (2) Before accepting the nomination a person, the Chair- . man of the meeting called to elect directo~ and committee mem- bern shall satisfy hims:eJf that the person~ to be nominated - ( a) ate qualified purw.anHo the )\ct anti By-Laws of the society; (b) have consented to the nomiµation; and have not been declared ineligible by th~ Registrar. (3) Where the number of candidates nominated do not ex- ceed the numbet of dii:ector.1 OI committee inembers to be elected, the chairman of the meeting called to electklirectors and commit- tee members shall declare all the candidates elected: (4) Subject to paragraph (7), only one bMlot is to be taken and the number of candidates equal to the number of directors, or t:nmmittee members to be elected receivirlg the highest number of votes are to be declared elected. ' 5 (5) Where candidates are to be elected for varying terms, the candidate re.ceiving the highest number of votes cast are to be declared elected for the longest or the longer tenns, as the case maybe. (6) For the purpose of these Regulations a tennforanelected director, supervisory committee or credit committee member shii.11 not exceed three years. (7) Where two or more candidates receive an equal number:of votes, the members present at the meeting may, by resoluticln, provide that a second ballot be cast to break the tie. (8) Where the meetmg does not decide to hold a second ballot pursuant to paragraph (7), the chairman of the meeting called to elect directors and committee members shall dri\w lo;ts, ·and the candidate whose lot is drawn is to be declared electqd. (9) Where a member votes for more than the number of di~c- tors or committee members to be elected on his ballot, his baliot is not to be counted. {I 0) Where a registered society submits a By-Law to ¢e Registrar that provides for a method of electing directors :or committee members other than at a general meeting of members and the Registrar is satisfied that !he By-L.tw tlue~ nul cuutt.t- vene paragraphs (4), (5), (6), (7), (8) and (9), the Registrar m~y approve the By-Law and on and after the date of that approv~l, the directors or committee members of the society shall be elect~d in the manner provided in the By-Law. (11) No society shall include in any By-Law governing the manner of electing its directors and committee members any pto- viaion that prohibita ito mombcro from nonun<>ting"" "<>andid.4t• for election as director and committee member any person who- (n) ;~ qm,lifi .. cl tn l,,.,. ,Hr,..,.tnr ,inrl r,nmmittee memher: and (b) consents to the nomination; provided any such candidate has not been declared ineligible PY the Registrar. (12) (1) For the purposes of these Regulations a person m~y be declared ineligib1e by the Regisrrar- 6 ( a) where misconduct is imputed on the part of sucbJ a . person; (b) where such person being a $oard or Committee M.ed/- ber, has violated his fidudary trust; or (b) where such person is a delinquent borrower. (2) An agg-rieved person may appeal to the Co-operativl Societies Appeals Tribunals within tw,enty-one days on a dee sion of the Registrar under sub-paragraph (I) and the Registrar' decision shall stand wllil a dctcnninat)on by du:: Co-opc.1ativc . Societies Appeals Tribunal. Meeting of' 13. The Directors of a registered sQciety shall hold at leasr DiTc<:.tof~. one meeting every month. Appointment of 14. ( 1) This Regulation applies for tlie purposes of section 5 ~ Secretary and of the Act. · · · Treasurer. (2) The Board ofDirectors ofa society shall~ (a) appoint a secretary and a ~asurer to the society and no secretary or tTe::u:u~er shall hold offic~ foi- more than two consecutive terms; or (b) appoint a secretary and a treasurer and unless the "'"'crntary and treasurer so apPointed are members of the Board, shall have powe~ to fix the remuneration for their service. · {1) No appointment made or 1emunera:tion fixed by the Board maccordance with paragraph (2} shall be valid, effective, pay- able or recoverable unless the appointment and remuneration are approved by the Registrar. (4) The Registrar shall infonn the Board in writing ofthe approval and remuneration of the Secretary and the Treasurer. Duti~.-, of" 1 ~ (1) Th.- SP<".rf".tii,-y of a societv shall - Secretary and Treasurer. (a) keep the minutes of any mt1eting of the society or Board; (b) ensure that all records, book!l, paper and otlu::r Jm,;u- mer.ts of the society are kent in a safe place in the office of the Societv: 7 (c) conduct any correspondence on behalf of the Soci- ety; (d) attend all meetings of the Society and the Board and have with him the necessary minutes and recdrd books an.d conesponden.ce Te1ative to fu.e nuamess of the Society; (e) i~sue notices for all meetings of the Board and gen- eral membership of the Society in accordance with these Regulations and By-Laws; (f) sign and execute, jointly with the president, all deeds and conveyances real or personal property, all fixed deposits or share certificates. and such other dociu- ments as the Board may specify; · (g) review the minutes of all committees of the Soc.le~; and (h) perform such other duties as are prescribed by the By-Laws or aull1urist:d by lht:: Bmml. (2) The Treasurer of the society shall- (a) rt:cc::ivt: i:111 mu11i1::~ um:: .iml pilyabk to Jbc. Sod,;;ty and issue receipts for the same; (b) deposit all monies received in the name of the Soci- ety in such b,mk or dcpository 11,;i specified by the Board; (c) sign all cheques, notes, bills of exchange and oth,er documents necessary to effect the business of t\ie Society; (d) keep a just and true record of all financial transac- tions effected by the Society in the books provid¢d for the purpose; (e) keep charge and control of all cash, securities, books <>nd oths,, do.,umont<, and vouoh"'"" for "11 p<>yn><>rit" made and receipts issued on behalf of the Society; (f) reconcile or cause to be reconciled at least once p:er u1onth th~ 1::nc-zn.hero' lod5cr or oooounto; 8 (g) reconcile or cause to be redonciled at least nionthJJ all passbooks or statemen~ received from deposito ries with the relative Contrell accounts in the genera ledger; (h) keep separate all monies btlonging to the Society; (i) produce a current statement of the society's moniei on demand; 0) prepare the annual statem~nt of account, the bal- ance sheet, the monthly financial statements and anv other statements as. the· Bo¥ may reques.~ (k) make payments as authoris~d by the Board and ob- tain receipts for the saine; apd (1) perform any other duties as the Board may prescnbe, (3) The duties of the Secretary and 1reasurer may be modi- fied or altered in keeping with the allotjnent of duties assigned by the Board to the Manager and other 1employees of the soci- ety. Supervisory 16. For the purposes of sections 62-68 of the Act and subject Committee. to these Regulations and By-Laws, the Supervisory Committee shall- (a) meet immediately after the fiq,t Annual General Meet- ing and immediately after e,ch Annual Meeting of the Society to organise for the current year; (b) apptaise fue policies and ot,era.ting procedures of the Society and make reconuhendations to the Board and to the Credit Comrnitteej (c) attest to the monthly and ann*al returns filed in com- pliance with sections· 124 and 141 ofthe Act; (d) determine periodically and p.ot less than once per quarter whether the provisi~'ns of the Act, Regula- tions, By-Laws and the rele~ant Policies have been complied with- (i) in making loans,:including loans to otti.- cia\r., businesi \01.ns 1.nd k,an-s \o ~ organisations, associations and corpo- rations; (ii) in respect of any overdrawinR from de- posit accounts; (ill) in the administration of members• ac- counts; and (iv) in the maintenance of the minutes of meetings of the Board and Credit Corit- mittee. (e) receive and investigate any complaints made by members of the Society about management of qte Society; (/) monitor the management of the Society; (s) ensure that the !l.nciety oomplie!l. with the provisions of the Act, Regulations and By-Laws; and (h) verify the assets ofthe Society and monitor wheth~ th" assets are properly protected.

17. ( 1) Where a person appeals the termination of his metit- Procedures on bership to the Registrar pursuant to section 31 of the Act, tlie appeal of person shi,Jl submit n written statement of membership to the termination of membership. Registrar within thirty days of the date of- (a) the members' resolution tenninating the personrs membership pursuant to section 29 of the Act; or (b) the members' confirmation of the directors' order terminating the person's membership pursuant to 28 (2) of the Act. (2) A person appealing the termination of his membershtp shall state in his written statement required pursuant to para- graph (I)- {a) any reasons for the termination of his membership of which he has personal knowledge; (b) the grounds on which his appeal lies; and IO (c) any r~Jev~rn1cts or information, in addition to thoie descnbed m sub-pa!agrapl¼s (a) and (b), that fuc Rell- istrar may require. · (j) The Registrar shall heM I.ID app~ plirslla:nt to sectio33 · of the Act within thirty days after the date that he receives completed written statement pursuanti to paragraph (I) and · form the appellant, in writing, within fourteen days after he · the appeal of the outcome thereof. Special reserve 18, Where the amount held to the ctedit of a member whos~ fund. membership has been terminated - (a) is less than fifty dollars($~0), the Society may ad4 that amount to its income from operations; or (b) is fifty rln!laT~ ($'i0) or mnri:, the Society shall place! that amount in a special res:erve fund, Amendment of 19. (1) Where in purnuance of the p):ovisions of sections 101 By-D>.ws. 11n~ 48 r.fthe Act a 1egistered society a*nds its By-Laws. such amendme1It shall be inade by a resoluiion of members of the registered society at a general meeting.' (2) EveIY resolution under paragrapµ (1) of this Regulation shall not be valid and effective unless it :was taken by a majority of not less than two-1hiids of the membe:rs present at the general meetitlg at which the resolution was pr(>posed. (3) A copy ofa resolution underpan1graph (I) of this Regu- lation shall be forwarded to the Registrar together with three copies ofthe amendment. Sy-Laws of 20, For the purposes of section 204, a housing society must housing society. piovide in its By-Laws that- (a> the Society shallgiveacopy:,oftheBy-Laws and the occupancy agreement to every member; {b) each member is entit1ed to-have quiet enjoyiru:nt of his housing unit; (c) either the Society or the metjlber is responsible for (i) the !llllintenanceiofthe housing unit in a ~o.fe, habitable ,\.nd r.,.,..,cmab\e state of repair; 11 (ii) the repair or replacement offixtures; !llld (iii) any damage to the housing unit. (d) the society and its agents, except in the case of an emergency, are required to give reasonable notice to the member prior to entry of the member's unit; (e) the society shall give three months notice of any increase in housing charges except where - (i) the Registrar gives his approval f<ir a shorter notice; or (it) the members have unanimously :ap- proved the increase at a general meet- ing. · (f) the society shall give a minimum of thirty days po- tice to a member of the termination of his memller- ship, except where a member contravenes any By- Laws governing- (i) ordinary cleanliness of the housing unit after having received written nolicli of the contravention; (ii) the use of the premises for prohibtted purposes; or (iii) payment of housing charges; and (g) mere ls co be no ai..:t.:elcrnliuu uf huubi.U!; t.:luui:;.,b,

21. (1) For the purposes of this Regulation - Liquidity. "Uabllilles.. indutle uuy 1.kpubitb uf mvu"'y ma,.fo in the Credit Union, any accrued interest on those de- posits and any loans taken out by the Credit Union; (b) "line ofcredil'' meaull lfo. 111ai1:imumamountwhiJh a Credit Union is entitled to borrow at any given titne; (c) "liquid assets" include East Caribbean currency and depusit:; uf E.i~tem Cuibbeii.n currency mE1dc by El Credit Union with a bank or any other institu(ion 12 tl~t !Akes depooiu, imd thiit the Credit Union is en/- titled to withdraw on dellllUld as readily marketabl~ securities; · (d) "marketable .securities" m61ude trensury bi\\!)., gc.vt emment debentures, treasury notes and other secut rities listed on the- Ea11tem Caribbean securities eM change; (e) "secondary society" means a registered societ:;: which comprises mainly prbnary sClcieties; and (/) ''tertiary aocicty'~ meaWJ a tl>gistered aociety all o~ wh.ose members are secondary societies. (2) A Credit Union shall at all times.~ (a) have in its possession liquid assets; and/or (b) maintain.a line of credit, in an amount sufficient to enable fu.e Society to meet its normal cash flow requirements as estimated by 'the Society. (3) A Credit Union shall at all times maintain an account- (a) with a bank; (b) with a loan company or trustcompany incozporated undet the Companies Act; or ( c) with a secondary society or a; tertiary society whose By-Laws ptovide for the ac(leptance of deposits, if on the deposits can be repaid demand. ('1) The account inentioJ1erl in paragraph (3) shall be- (a) in an amount that is not Jess tban ten percent (I 0%) of 1he total liabilities of the' registered society as shuwu un the Society's mostlro:,cent financhtl 9t:lte- ment ptepared and Mlbmitted in accordance with Regulation 10; and (fJ} in lln:; fv11u of demand d"poGito or dep<>.,ito r,,.-l,,,.m_ able on the notice oflhe Society. 13 (5) A Credit Union shall maintain the account described in paragraph (3) separate and apart from any other accounts or funds. (6) Notwithstanding paragraph (4) (b) and subject to para- graph (7), where a Credit Union - (a) was registi:red under the fonner Act, as that Act, existed on the day before the coming into force of these Regulations; and (b) maintained, on the commencement of the Act, a re- serve, the monies maintained, on the commencement of the Act, iI) the reserve mentioned in paragraph (b) may be used to satisfy re- quirements of paragraph (4) (a). (7)Where- (a) a Credit Union described in paragraph (6) doe~ not otherwise have sufficient monies on account toisat- isfy the requirements of paragraph (4) (a); and (b) any part of the reserve mentioned in paragraph (6) l:.QMlSW. Qf uneru:.1)mooed ~rities l.)f ~ Go'iem- ment of Antigua and Barbuda; those securities shall mature within five years of the corning jnto force of these Regulations in order to be eligible to be used to satisfy the requirements ofparagraph(4) (a). (8) Where securities will mature after five years of the coming into force of these Regulations, the Credit Union shall, as soon as practicable after the coming into force of these Regulations, sell those securities and use the proceeds of the dispositio;n to purchase deposits in accordance with the requirements ofpara- graph(3). (9) Within six months of the coming into force of these R~gu- \ations, a Cre1fa Union sba\\ maintain no\ less fuan fifty peiten\ of the amount required by paragraph (4) (a) in liquid assets. (10) Subjectto section 119(3) of the Act, where a Credit Union does not have in its possession liquid assets, does not maintain a line of credit or does not do both of those things in an amount 14 sufficient to enable llle Credit Union to meet its normal cash &w-c,,..quir~t,: ~ r"'lui«< 1.ypar.a.gniph (2), th.. Credit Union may use the amount in its account requited to be maintained by parasrapbs (.3) and (4) to satisfy the requirements ofp8l'agraph (2). L<:,an. approv"J. 2:Z. (I) An application for a loan Im).&t be made on a form provided by the society ;111d must state - ( a) \h,;, putp0oc :for which the lo1<1n is rc;quired; (b) the securiry, if any, offered; and ( c) i,.n_y-<;l\hct information the Credit Committee or LoiULS Officer rc:quires. (1) When a loan application is approv~d, the Credit Conuuit- tee or Loans Officer app1oving Ute Joa11 $all apProve the appli- cation in writing and ensure that the application and approval specity with respect to the loan - (a) the amount approved; (h) lhe termS. of payment; (c) the rate of imwes1; (d) any security to be held by tM Credit Union; (e) any guarantees to be taken; (f) wy conditions illllt may be specified by the credit committee or the penion apprt,ving the loan in addi- tion to tho&e mentioned in sub-paragraphs (a} to (e1; imd (g) the date of the approval. (3) A loan granted l)y a Ctedit Union s~all be evidenced by a siin.~-.\ l~\\\\ aiteemen.t between the Ctedit Union and the appli- cant. (4) No member ofa Credit Comnuttee or oftbe Board or Su- pervisory Committee OT any other p~tson who has been w.i.tl.v.n:.ked to "l'Pt<>ve l<>aM ~ha\( hr. J'•"~nt at tl,e discussion \S of the approval of or approve a loan to himself or any person with whom he has a fiduciary relationship. 23, ( 1) No officer, Director, Credit Committee member, Sqper- Borrowing by visory Committee member, or employee ofa societfmay boirow director etc. from the society an amount in ex:cess ofhis holdings therein in shares, deposits and accumulated earnings unless approved by the vote of two-thuds offue other members of fue "Board, Ctedit Committee and Supervisory Committee sitting together. l'vfin- utes of the Joint Committee meeting must be available for in- spection at all times. (2) The Supervisory Committee meeting shall be responsible for the compilation of the Minutes referred to in this subsection. (3) A meeting referred to ill paragraph (J) is not proPerly constituted unless a quorum of the members of the Credit Com- mittee is present. (4) No registered society shall lend to any single member or interconnected group an amount ex:ceeding - (a) ten percent{10%) of the aggregate of the registered society's share capital, retained earnings and re- serves; (b) the aggregate of the members' ordinary deposits,and the society's 1eserves; or ( c) such lesser percentage as is specified In the By-Laws.

24. The Board of Directors, shall by resolution establish a Security for policy with respect to - loans. (a) the collateral security or guarantors required:f~ ap- proved loans; and (b) the manner in which the fair market value or any 'ceiil property obtained as a security for a loan is tJ be calculated. 25, ¥or the purposes of section 199 (1) or the Act int1m::~.1. uu Maximum pc;1fau loans may be pa1d at intervals not exceeomg one mon\h, fut i.nte.te,;.t on loans.

26. The terms and conditions upon which each loan shall be Loan tenns and granted and repaid shall include the following - conditions:. 16 { 1) Every application for a loan shall t,e accompanied by s11ch information. about the financial positioii and income of the bor• rower as the Credit Committee or Loans.Officer may require. (2) No society shall make a loan to an unincorporated organisation. Where such a loan is contemplated, it shall be made to one or more of the members or officers of the organisation provided, h.owever, that tne Society shall, in an:y such particulaT case, require such additional security by 1way of endorsement of the promissory note as may be deemed desirable. (3) No loan shail be made to a membl!'~ ifit would caU$e tht- total indebtedness of the member of the Credit Union to exceed ten percent (10%) of the paid•up capifu1 and deposits of ftie Credit Union. (4) The total of all loans made to assodations, otganisa\ions or corporations shall not, at any time, ex.ceed twenty-five per- cent (25%) of the total shares and deposits of the Credit Union. (5) No loan shall be made to a compapy unless such loan is personally guaranteed by shareholders of the company holding a majority of the share& in value and in voting rights provided thar such personal guarantee shall not be required where the loan is guaranteed by an organisation or l\gency of government approved by the Stabilisation Fund Boar(L (6) No loan shall be made by a society to a corporation if a majority of the shares of the corporation ate held by the officers and directors of the Credit Union unles~ the application has been approved by the Registrar in consultation with the League Board. (7) All transactions in the loan accountiof a member shall be shown by the necessary entries in a passbook or statement to be delivered to each member. (8) Where a mortgage on land or buildings is taken as secu• rity for a loan, the amount loaned shall not exceed seveu\)'-fi.'le percent (75%) of the market value of the !ind or buildings. (9) Before such a loan is mttde, the Credit Committee or loans officer shall require that an appraisal of the market value of the property be made by an appraiser whom th¢y believe to be com- p,;;tcnt 0;nd who i3 instructed and employed independently of any owner of the property on a form presoribed by the League and approved by the Registrar. 17 ( I 0) The expenses, if any, of any appraiser employed pursu- ant to paragraph (9) shall be borne by the applicant for the loan.

27. (I) When the whole or part of a loan made by a Credit Dad debts Union remains unpaid for a period of twelve months after the date fixed for repaymenl in full of the monies loaned and no paynient on account of principal has been made after the. rlate, the amount of the principal remaining unpaid, subject to the approval of the Board, shall be charged to and paid from the statutory reserve fund less any money standing to the credit of the borrower on the books of the Credit Union in a share or deposit account and less the market value of any security held by the Credit Union in respect of the Joan. TI1e Board may, with the Regis'tiat's apprnva\, reduce the pet1od ofw.iel'le months. (2) Any monies subsequently recovered with respect to such loans shall be paid into the reserve fund. (3) All interest which has been collected thereon durine the current year shall be deducted from the loan before the write off is made. {4) With the approval of the Board, any collection fees or commissions, or legal charges incurred in the collection of the loan which are not reversible from the debtor may be added to the loan before the write off is made.

28. (1) When a Credit Union identifies a loan as a doubtful or Allowance for •mcollectible loan, the Credit Union shall immediately allow for bad or doubtful uebls. the doubtful loan by~ (11) establishing on its books and accounts an allow- ance for the doubtful loan in an amount equal to the difference between~ (i) 1he book value of the loan, incluJing any i.nten:$t due al\tl \lt\\)a\d \l,\\d \\\\ete'1.t ac- cfued; and (ii) the realisable book value of the loan as estimated by lhe Credit Union; (h) reporting on any income statement it prepares, in- cluding its annual income statement required pursu- ant to Regulation 10, as a loss from income an amount as an allowance for doubtful loans equal to lhe sum 18 of allowances for all doubtful loans established in accordance with paragraph (a); and (c) reporting on any balance sheet it prepares, includ- ing its annu.1l balance sheet - (i) the value, as an asset, of its doubtful loans in an amount equal to the value of all of the doubtful loans as stated on its books and accounts less the allowance for the doubtful loan established in ac- cordance with sub-paragraph (a); and (ii) any property or other assets acquired in the financial year pursuant to a foreclo- sure realisation; {iii) proceedings on a Joan that was a doubt- ful loan at an amount not greater than the realisable value of the loan - {A) as estimated by the credit Union pursuant to paragraph (a) (ii); and (B) as stated on the books and ac- ,.;,ountl; of the Credit Union before the property or assets were realised pursuant to the foreclo- sure of other proceedings. (2) Notwithstanding paragraph (1), a former Act society in respect of the financial year prior to the society's continuance may, instead of charging its allowance for doubtful loans to its income in the manner required by paragrnph (I) (h), charge the amount of the allowance as calculated pursuant to paragraph (1) (a) to the reserve required by the Act. ('.li) A r.redit Union shall report. at lhe end of the financial year, to the Registrar (a) the number and amount of doubtful loans for which an allowance has been made irt accordance with this Regulation in that financial year; (b) the amount of allowance for doubtful loans made pursuant to paragraph (1) or (2) in that financial year; and 19 (c) the value of property and other assets recovered in that financial year on doubtful loans. (4) The Board of directors ofa Credit Union shall cause a list of aU doubtful loans to be available at the registered office of the Credit Union for any examination required by the Credit Commit- tee, Supervisory Committee and the Auditor of the Credit Union; and the Board shall send a copy of that list to the Registrar. (5) The list mentioned in paragraph (3) includes, with respect to each doubtful loan - (a) the name of the borrower; (b) the amount of the loan; and (c) the amount of any aUowance made pursuant to this Regulation. (6) Where a Credit Union determines that the allowance for doubtful loans required by paragraph ( l) will result in a net loss on its income slatement for the financial year, it shall immedi- ately notify the Registrar in writing of that fact. · 29. (l) The loss exposure on outstanding loans at the end ot Overdue loans. the fiscal year, shall be calculated in accordance with the follow- ing schedule Duration oj Period f'ercentage of Outstanding OfOverdue Loans Loans Balance that is deemed Loss Exposure l -30days 0 percent 31-59days 5 percent 60-89days 20percent 90-179days 4Upercent 180 --269 days 65 percent 270-365 days 75percent over 365 days lO0percent (2) For the purpose of these Regulations "overdue loans" means personal, mortgage or other types of loans on which the member is in default for more than 180 days on a payment or payments of principal or interest according tu any airi::t:1m:11l with the Credit Union. 20 Investment. 30. Monies not required for current purposes of the Credit Union may be deposited or invested in accordance with section 114 (I) ofthe Act. Section 114 (1) (d) shall include share~ and debentures in a suitably established Stabilisation Fund. Use of ,;ta\ut1>r)' 31. (l) Subject to the approval of the Registrar, a society may reserve. use its statutory reserves for the following purposes ~ (a) to make good deficiencies created b)' i.ts 01;1ttatiO\'\?.; and (b) to recoup losses on its investments. (2) When the Regfatr11r rcceivca n rcqucat for npprov11l pur- suant to paragraph ( l) he may -- (u) ex.empt the Society from compliance with Regulation 28 (1) (a) for any period of time that he considers appropriate; (b) restrict the purposes for which the Society may use its statutory reserves; or (1;) do all or a combination of the things mentioned in sub-paragraphs (a) and {b). Policies and pro- 32. (1) For the purposes of section 57 of the Act and subject cedurcs for loans. to these Regulations and the By-Laws, the Credit Committee of a Credit Union sha II - ( a} recommend to the Board policies and prncedures. t.<:i be followed by the Credit Union for approving and grantine 1,rnns mane hy the C:redit { Inion; (b) monitor, through reports fron\ 'the Credit Un-ion's auditor and other officers of the Credit Union, loans procerlure.~ n.~ed hy the C:rerlit Union; (cJ review all applications fodoans, \oan extensions and revisions of the terms of loans that are referred to it hy thP Bnarrl nr an officer nfthe Credit Union: and (d) review reports of officers of the Credit Union that an~ ?1 . (2) 1be Credit Committee shall keep a record of, with respect to each application for a loan or a renewal or extension of a loan considered by it - (a) the name of the applicant; (b) the amount of the loan applied for or the change in the terms or conditions applied for; and (c) whether the application was approved, declined or deferred. (3) Where, in the opinion of the Registrar, the policies of the Credi! Union are not sufficient lo protect the deposits of the Credit Union's members, the Registrar may,· in writing, direct the Credit Umon to take measures to protect those deposits. (4) Where- ( a) the Registrar has sent a wntten directive pursuant to paragraph (3); and (b) the Credit Union fails to take measures that protect lht; ,J,.,..,u:;it:; of the Credit U11iu11':; 111t,mbc1~, u1 Liu:: measures taken are, in the opinion of the Registrar, insufficient; or ( c) the Registr:ir is of the opinion that the Credit Union has not sufficiently protected the deposits of its members; the Registrar may direct the Credit Union to adopt and follow any policies that the Registrar may impose and the Credit Union shall adopt and follow those policies and the Board of Directors of the Credit Union shall ensure that the Credit Union does adopt and follow those policies. These policies shall include the Pn1dential and Minimum Operatio/'lal Standards.

33. (1) For the purposes of section 199 (2) of the Act, no Interest on interest payments are to be included in the Credit Union's in- loans. come where the interest payment is with respect to a doubtful loan for which an allowance has been made pursuant to Regula- tion 28. (2) Subject to paragraph (3 ), a Credit Union may include in its income a maximum oHwelve months accrued interest with re- 22 (3) The Registtar may allow a Credit Union to include its in income accrued inttlrest on loans where the interest has acc.-ited for a period longer than twelve months. Deposits. 34. (1) Subject to this regulation the tenns and condition~ for "\he 1eceipt of deposits by a registered society shall be set oit m the By-Laws of the Society. (2) No Credit Union sha11 establish and operate, withou;the approval of the Registrar, deposit accounts that permit fun in the account to be withdrawn ot transferred by the deposito J.,y rneansof- (a) a cheque; (b} another bill of exchange; or (c) any other negotiable instrument, tllat allows the holder of the negotiable instrwrn;:nt tu have P'!Y- ment on demand made to him from funds in the deposit. (3) No Credit Union shall, without the approval of the Regis- trar, accept runas on l.lepo8Us fiJJ a 1e:1m that is stipu1a11:::J lu "IIY agreement between the Credit Union and the depositor to be longer than five years. (4) Where a Credit Union ai.;ccpt~ depusits for a tcnn thatii~ stipulated in an agreement between the Credit Union and the depositor, the Credit Union shall provide a receipt to the deposi- tor showing - (a) the tenns and conditions pursuant to which the funds are deposited by the depositor and accepted by the Credit Union; (b) the date on which the deposit matures; (c) the rate of interest to be paid by the Credit Union on funds depQsiJe,,1; (d} the time when interest is to be paid by the Credit Union; and (e) any conditions that the Board has stipulated for with- drawal of funds by the depositor prior to the date tb.e deno~it rnamr"• 23 (5) Where a person has deposited funds in an account with the Credit Union, the person is entitled to receive and the Credit Union shall provide a statement showing the transactions con- ducted by the person involving the person's account, the bal- ance offunds in the account and any other information that the Credit Union considers important. (6) The Board may, in consultation with the Registrar, deter- mine the form in which the statements required pursuant to para- graph (4) are given.

35. ( I) [n pursuance of section 117 of the Act every regis- Maximum tered society shall from time to time fix, at a General Meeting, the Iiability on dcpoait.s and max1mum1iab1hty the society may incur in loans or deposits from loans. a member or non-member. (2) The maximum liability fixed by paragraph (1) is subject to Llu: approval uf 1he R.egtsrrar, (3) No registered society shall exceed the maximum liability approved by the Registrar pursuant to paragraph (2). (4) The Registrar may, at any time, review the maximum liabil- ity approved pursuant to paragraph (2) and vary that maximum. (5) No Society shall accept shares or ordinary deposits of not mote than ten thousand d.ollats ($10,000) in any one (t) tra.nsa.c- tion from a member or non-member without an accepted declara- tion of the source of Funds. 36. {l) The Directors of a registered society may open and Bank accounts, maintain an account at any bank. (2) Cheques drawn on an account mentioned in paragraph ( 1) may be signed by the Treasurer of the Society and a Director. (3) Without affecting paragraph (2) the Board may authorise the manager or another senior employee to perform any of the duties of the Treasurer, including the slgnJng of cheques.

37. ( 1) In this Regulation, "branch" means any office of a Branches. Credit Union where the Credit Union proposes to carry on busi- ness, including accepting deposits and operating a chequlng service, separate and apart from its Head Office. (2) Credit Unions may open a branch for servicing lheirmem- bcrs, having Otst obtained the Registrar's approval in writing. 24 Commencement. 38. These Regulations come into force on the 2nd day of January, 2000. CO.OPERATIVE SOCIETIES REGULATIONS 2001 FIRSTSCHED\JLE (Regulation 3) FORM0Dl The Co-operative Societies Act (No. 2 ofl997) APPLICATION FOR REGISTRATION (The pm·ticufars of 1his form must be completed in CAPITAL LETTERS) To: The Registrar of Co-operative Societies I. Application for registration of the under-mentioned society under the Co- operative Societie~ Act, No. 2 of 1997 is hereby made by the persons whose names and signatures appear hereunder.

2. The name of the Society is: .................................................................................... . 3. ·111e registered address of the Society is: ........................................................... . 4. l11eareaofopcration of the Society is: ............................................................... . S. Th,; objects of the Society are as stated in the by-laws. 6. ·n1e membership fee is: .......................... ,. ............................................... .

7. The iii1am:ia! year will te1mim1k 01\ the ............ ,\ay 01.. ................................ .. in each year. R The liability nf the membc1s for tbc Lkbts oflhc so-ciety is limiledhmhmile<l. •J The Sociely was established 011 ............... day of.. ................................... ,20 ...... ,.. and al the dale of this application there are ............... members in the socic:ty. 25

10. Enclosed herewith are thn:c copies of the proposed by-laws of the society. 1l. The amount of$ ............................... .is enclosed, being the fee for registration.

12. Particulars relating to the applicants arc as follows: FULLNAME DATEOFBfRTI{ QCQ]pATION ADDRESS SIGNATURE

13. The following persons have been appointed and have consented to act as provisional directors: .Full Name Date ofBirth Occupation Address Signature (Please Print)

14. The full name and address of the Secretary are as follows: ••~••••u••••••••••••••••••••• ■ ••••••"''''"'''''"''''"''"'''"''''+''''''''0•'"''''• .. ••••• .. ••••••••••+<••••••••••l><IO>••>+•• Dated the ............... dayoL ................................. in the year of our Lord, 20 ........ . Sal-'retary 26 FORM002 (Regulatio11 3) The Co-ope~ative Societies Act (No.2of1997) CERTIFICATE OF REGISTRATION Certified that the application date ................................ ,.................................................. ,.. :2,;~::'.~ i:;~i~;;,:;; '.'.; ; ~~i;~i'.i~'.;;;;;; ~i~I'.;~ ~i:if has been accepted and that the said society has been registered accordingly as No ............................ subject lo the provisions of the said Act and the Regulation~ made thereunder. Dated this ............... day of.. ................................................ , 20 ....... .. Registrar of Co-opemtil'e Societiej•. FORM.003 (Regulation 3) The Co-operative Societies Act (No.2of1997) CERTIFICATE OF CHANGE OF NAME Certified that.. ........................................................................... pursuanl to a directive given by the Reg,istraronthe ...............day of ................................................... 20 .......... under section 12 of the Co-operative Societies Act, has amended its by-laws and will hence forth be known as ....................................... ., ................................................ •..... •··,• .!.nd that the said amendments have been duly registered. Dated this ...............day of.. ................................................. , 20 .... .. Registrar of Co-operative.i Societies. 27 FORM.004 (Regulation 3) The Co-operathie Societies Act (No, 2 ot 1997) CER11FICA1E OF CllANGE OF NAME (Voluntary Change ofName) Certified that.............................................................................by a resolution passed in accordance with sections 10 and 48 ofthe Go-operative Societies Act, No. 2 of 1997 and Regulation 19 offue Co-operative Societies Regu\ati.ons, 2001 has amended its by-lawsandwillhenceforthbeknownas........ ,.............. ,...................................................... . and that the said amendntents have been duly registered. • • - ' ~ • • ' • • • • • • • • • ' ' ' • • • • • • • • • • • n • ." • • • • • • • • • - , ' • ' • • • • • • • • • - Registrar qf Co-operative Societies. FORM:oos- (Regulation 3) The Co-operativo Societies Act (No. 2 ofl997) NOTICE OF CHANGE OF DlRECTORS Name of Society: ............................................................................................................... . RcgistrationNo: ............................................... ,.................................................................. . Onthe...............dayof.................................................... ,20....... ,,thcfollowingpeISons ceased to be directors of the above-namedisociety: FUlL NAME DATBOF BIR1H OCCUl>A'TION ADDRESS SIGNA11.JRE u•un ■■ ••• .... •••u• ■ u ••••• .. •• .. •• .. ••• ■ u,,, .. ,,,,, •••••••••••1•••unu•unn tn•••••••,•••- ■■ n Onthe ...............dayof............................. ,....................... ,20...... ,.thefollowingpers.ons ceased to be directors of the society: FULLNAME DATEOFBIR1H OCCUPATION ADDRESS SIGNATI.JRE •~•n•••••••••••••••••••• •••••••u• .......... •••••••••I• ... •••••••••••••••••••••nu ............ ,.. ,.,, ···•······............ .. •-•u• .. •••u•••••••••••• •••••••• .. •.. •• .. •••••••••••••• ••nnn••••••••••••••••nu .......... ,....... ,. -1-1••·······........... .. 2S The directots of the society are: TIJl..LNJ..MI. DA'rn0119IP.nt OC'(."t)J!.A.Tlf)N AnDIIR~<;l <;IT(;NA."TllRR ••••••'••••••,0•1h1,•1•1 Certified correctthis ...............day of.. ................................................ , 20....... .. Signature Officer FORM006 (Regula lion 24) TltP ro-11perative Societies Act (No. 2 ofl99'7) (Sections 102, 103, 106) lNSffiUMEN'l'OFCHARCIL 1 .......................................................................... . of. ........................................................................................................................................... . hereinafter called "the Borrower"), being owner of the property ~cscribed in the Schedule herelo, and being a member ofthe................................................................. .. (hereinafter called "the Society"), in consideration of the sum of.............................. . ...... .......................... dollars lent to me tlllS clay l>y 1lic; 3u~kLy, 11, ... 1·,;.cdpt whoreofi• hereby acknowledged, I do hereby create a charge on the Qroperty described in (he Sched111P hPTdo, in favour of the Society as sec,.ui\y fol' tht t~)Yayment of the Society of the said sum of................................. do\lars together w'ith interest thereon at th1: !'ate oL ...................perccnt a year, by................................................. instalrncnts of.. ............ ,, .............................. dollars as from the., ... ,.........dayof.. .................................. , 20 ....... .. 29 Now [hese presents wttm:ss tlm.t iu 1.;\)11:,iuc1.ttion of the ~om lent to the Borrower Q~ aforesaid the Borrower hereby agrees that the charge hereby created is subject (o the fo!Iowing cove11ants and condilions, that is lo say: (l) Thal he wUI repay the pnncipal together wllh inlCrcsc thereon on the .-. .................day of................................................ , 20., ...... . (2) T;rnt J,c, will not, at any time while any monies remain owing hereunder, do or allow to he done any act whereby the properly may become prejudicially affected. (3) ThRf he is entitled to retain possession and use of the property unless he makes default (a) in the paymrnt of any instalment or of the principal or interest thereon; or (b) in the observance or performance of any covenant or con- dition herein expressed in which case the Society may im- mediately upon such default or at anytime !hereafter, th[ough an agent authorised by the Society in that behalf (i) seize and iake possession of the prnpeny or any \}art thereof; and (ii) sell the property so seized and taken posses- sion of either at aucti.on OT by private treaty and in either case the property may be sold separately or together or in Jots or tor a 1ump sum payment or for payment by instalments as the Society may deem expedient. (4) That upon a sale of the property or of any part thereof by the Society the following provisions shall have effect, that is to ~uy: ( aJ the pr~eeds of sak shall be ap-plied in accordance with sections l02 and 106 of the Co-operative societies Au; (b) no purchaser of such property shall be bound to inquire as to the propriety or regularity of the sale or shall be affected by any impropriety or irregularity of or at such sa1e; (c) th.e Society shall not be answerable to the Borrower in damages or other-wise for any loss occasioned to the Bor- rower by the sale or for any act, neglect or default of the Society m of its authorised agent. 10 Tim SOIEDUIE • •« ..................................................................................................................... f .. . H •H• •>••• ,> • • • ~ • ' • • • • • • • ' , _ , • • • • ' ,> • • • • • • • • ' " ' • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • ' • u• •• .. •••> ■• ,_., > ,u,, ■ O> ■ •••• ••••• • • • " •■ f >", ........ ~ ... (Add additional sheet if space allotted is too small) Executed in quintuplicate at.. ................................................................. ,. ....................... !'. fui~ ...............day of. ...................................._.........................., 20......... • ' •••••••••••••••• ' ............. ······---~···· ····-···· .••.•• , ••.•••• J. Signature ofBon-owing M,m1ber. Signed in ollr presence by the said ................................................................... :.... ,. ............... who is personally known to usi President/Chairman. Secretary. ,ofthe .............................................. ,. ............ . NOTE: To be signed in quintuplicate in accordance with section 103 ( l) of the Co- operative Societies Act. I<'ORM.00"1 The Co-operati~e Societies Act (No. 2 of 199'7) DETERMlNA110N AND ORDER IN 'IllE MATI"ER'OF A DISPUTE BF:'IWkEN .............................................................................. ,........................................ (Con1plt1im1111) ............. ,... ,......................................................................................................( ReJponi/1:111) refen·ed to me pursuant fO secticin 1/1.7 nf tli .. rn n~~--··'···· ,. · · ' 31 l, ......................................................... ,.................................. Kegisr:rarofCo•opcratives, do order and determine as follows: {I} ••• •••• •••••• •••••••••••• •••• .. ••+<•• ••,,,• ••+•••• •••••• "h•••• ••••< ••••H ••••••co,••<• •••"h ••••• ••••~•• ••••"' •••+•• •••• ..................................................... .................................................................... _ h,,,•<•••••••••• .. •••••>+a,,•••+•••••••••• .. ••••H,,,•>+.-,••H••••>••••••H••+<••••'>+••• <••••"••••• .. •••••••••••<,.,, +<••••<•••••••H•"••••••••••d•••• .. ••• ♦ 0••••••••••••·•••• .. ,••••+••••• .. ••••>T•••••••••••-""""••••••••••••••••••<••••• (3) The cost and expenses of hearing a11d detcm1ining the dispute are $ ................................................... :.... . (4) I direct that costs and expenses in the amount of..................................... .. be paid by .....................................'........... to ................ :................................... . Given under my hand this ...............day of... .................................................... 20 ........ . R<'gi,trar ()f C()-<Jf)eratives. NOTE: This Form is to be adapted in the case of an Mbitralor or arbitrators under section 187. FORM008 (Regulation 3) The Co--operative Societies Act (No. 2 ofl 997} CF:RTIF1f:ATE OF DISSOLUflON Section 1:ss NameofSuciety: ... ., ......... ,................................................................................................ . RegistratioriNo: ................................. ., .................. ., ........... ,.............................................. . 1 hereby certify that the above-named Society, was th,s day dissolved pursuant to section l 58 of the Co-op,,ralive Societies Act. 1997. Given under my hand lhis ............... day of.................................... ,........ ., .....,., 20 ........ . Registrar of Co-operative Societies. 32 FORM009 (Regulation 3) The Co-opetative Societies Act (No) 2 of 1997) CERTIFICATE OF REVlVAL Se~tion 163 N:uneofSociety; ............................................................................ ,.. ............................... ,.. Registration No: ....................................... .'........................................................................ ,.. I hereby certify that the above-named 'Society, has been revived pursuant to seti,- tion 163 of the Co-operative Societies Act. 1997. Given under my hand this. ...............rl~)' ·.of.. ................................................... , 20 ....... + .........................................................................._.........\ Registrar of Co-opuative Societies. ------- - - - FORM10 (Regulation 3) The Co-<Jperat!ve Societies Act (No. 2 of 1997) CERTIFlCATE OF CONI'lNUANCE Sectidn 241 Name of Society: ..................................., ............................................................................ . Registration No: ............................................,.................................................................... . 1 h~rehy certify that the above-named Sociiety, is this day continued as a registered society pursuant to section 241 of the Co-opetative Societies Act, 1997. Given undermyhandthis ...............dayof; ............................. ,...................... , 20 ..... ,.. . •,n,,1,,.,,~11••••• .. •••••-.,••••••n• .. ••• .... ••••••••••••• .. •••n1u,,..,,.,,., 33

SECOND SCHEDULE (Regulation 4) FEES PAiYADLE ITEM FEE s l. For application for regis1ration hy a Co-operative Society, other than a Junior Co-0perative .......................... •:• ............................................. ,.. .. 25.00 2. For II Certificate of Registration (a) for a Credit Union............................................................... 300.00 (b) for o.ny other rcgiatered ,;ociety, other than a Junior Co-operative Society........................................................... IIXtOO 3. Forreservationofname........................................................ .,................. 25.00 4. Forchangeofname.................................................................................. 25.00 5. For search................................................................................................... 5.00 6. For restoring society's name to register: (a) CreditUnion ....................... ,................................................ 100.00 (b) theCo-opwitiveSociety ...... ,............................................ 75.00 7. For the filing of the annual and special returns: (a) onthedaythatitisdue .............................................-....... Nofee (b) for each day after the date that it is due to be fited, a spccitllfilini;feeoL........... . . __ .................................... 5.00 toarnaximumof .............................................-.................... 200.00 8. Fo1 a certificate ofoontim1ance ............... · 25.00 9. For acertificateofamendmentof by-laws............................................ 25Jl0 10. Foe" u;rtilicatc ofrcviv11l.. ...................... . 25.00 11. For a certificate ofdissol\ltion......... ... ....... ........ .......... ....... .................... 25.00 34 ITEM 12. Foran examination of any docurrient...... .. .. .... ...... ... ................ ....... .... ... 10.~ 13. For photocopies of any documeht: (a) for the firstpage................................................................... 2.0P (b) for each additional page...................................................... J.0(J 14. For certificationofany document: (a) forthefmtpage ........................................................ ,.......... 2.00 (b) foreachaddi1ionalpage..................................................... l.oq 15. For a notice .that is required to be published in the Gazette lhe cost of placing of the notice in the Gazette 16. For any certificate other than certificate of dissolution or certificate for which a fee is not. ........................ ,........................................ ,.............. 25.00 17. For filing any document unrelatedito anything for which a fee is notprovided .... ,................................................................................... .,.... 10.00 NO'JE: The fees (other than those referred to in paragtaphs I and 2) payable in respect of a Junior Co-operative, Society shall be 20% of the fees payable by a registered society, other than a Credit Union. Made this 16th day of a May, 2001. Steadroy C.O. Benjamin, Ministen responsible for Co-operative Societies. -~- Printed at the Government Printin'g Office, Antigua and Barbuda, by Donovan Southwell,!Govemment Printer, - Hy Authotlty, 200 I. 1000-9.01 [ Price$l2.75 J