A co-operative is a business where the unity of members with common needs get together out of their own free will to address the needs that one person cannot address on their own. The co-operative is registered in terms of the Co-operatives Amendment Act (Act no. 6 of 2013).
[ht_message mstyle=”success” title=”” show_icon=”” id=”” class=”” style=”” ]To register a co-operative, clients will have to access the co-operative registration forms from the CIPC website (www.cipc.co.za) – Clients will have to capture and submit along with all supporting documents. You will only be billed after the registration approval (The Application forms can be obtained on the CIPC website under “Register your business” and then select “Register a co-operative” – ensure you complete a Co-op 1 and Co-op 5 forms). The interim board of directors will have to be appointed during the formation meeting.[/ht_message]
Registering a co-operative in South Africa cost R125 – You have to register as a CIPC customer or login to your CIPC business registration portal
You will be required to Deposit R125 into the CIPC bank account and that’s for company registration (You will need to use your customer code as reference when you do deposit the money) if you want to include name reservation you will have to deposit R50 separately before registering for a cooperative.
To reserve a name, you are required to fill in a CoR9 form (You have to complete the form) on the CIPC website and ensure to indicates it’s for a co-operative.
[ht_message mstyle=”success” title=”” show_icon=”” id=”” class=”” style=”” ]For further information visit the official CIPC (Companies and Intellectual Property Commission) website – www.cipc.co.za[/ht_message]