Step 4: Application for registration
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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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Singapore National Co-operative Federation
510 Thomson Road #12-02
SLF Building, Singapore 298135
Email: [email protected]
Tel (65) 6602 0747, Fax (65) 6259 9577

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