Acts Online
GT Shield

Co-operative Banks Act, 2007 (Act No. 40 of 2007)

Chapter VII : Support Organisations

36. Application for accreditation as support organisation

 

(1) A support organisation must apply, on the application form prescribed by the Agency, to the Agency for accreditation.

 

(2) The support organisation must submit the following together with an application form referred to in subsection (1):
(a) Copies of any support agreements;
(b) documentary proof in respect of the matters referred to in section 37(c) and (d);
(c) a business plan;
(d) a certified copy of its certificate of registration as a co-operative under the Co-operatives Act;
(e) a certified copy of its constitution;
(f) a list of its members and its directors; and
(g) the application fee prescribed by the Agency.

 

(3) The Agency may require a support organisation to furnish the Agency with—
(a) additional information or documents; or
(b) a report by an auditor or by any other knowledgeable person, approved by the Agency, on aspects relating to the application.

[Section 36(3) amended by section 244(a) and (b) of Act No. 45 of 2013]