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COURSE:
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.
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
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