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CIPRIANI COLLEGE OF LABOUR AND CO-OPERATIVE STUDIES

CHURCHILL-ROOSEVELT HIGHWAY VALSAYN Contributing to Human Resource Development

EXAMINATIONS SEMESTER II, 2004/2005

DURATION: DATE: INSTRUCTIONS

COURSE:

Three (3) hours May 2005

COS 110: Co-operative Law & Principles

This paper has two (2) sections and two (2) pages. 1. Follow carefully all instructions on the Examination booklet 2. Read all questions carefully. 3. Answer each question on a new page.

Cipriani College of Labour and Cooperative Studies, 2004

Course Code: COS110

COS110 Co-operative Law & Principles

Page 1

SECTION A (40 marks) Answer all questions 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. What is a Co-operative? (6-8 lines) Who is an officer in a co-operative society? What should the Application for Registration contain? State four of the legal rights of members. Name four of the ICA Co-operative Principles. How is a loan made to an officer of a Credit Union? How may a co-operative society invest its funds? Name four things for which preparations have to be made for holding the AGM. Explain a. Arbitration b. Maximum Liability

What is the Reserve Fund?

SECTION B (60) Answer three (3) questions. 1. 2. 3. 4. 5. Explain the role and functions of the Commissioner for Co-operative Development. Discuss the legal rights of members of a co-operative society. Explain in ordinary language how a society may use the Instrument of Charge. Describe the procedure that the liquidator would follow in winding up a societys affairs. In ordinary language, explain the procedure for division of a society in to two or more societies

Cipriani College of Labour and Cooperative Studies, 2004

Course Code: COS110