If members of a co-operative would like to amalgamate two or more co-operatives, a special resolution is needed. Pass a special resolution at a general meeting convened for approval of agreement to amalgamate two or more co-operatives.
The following supporting documents must be included:
- Complete the CR1 – Application to register a co-operative
- CR4 – Notice of appointment of auditor OR
- CR8 – Application for exemption from full compliance with auditing requirements.
- CR5 – Application for name reservation
- Deposit R245.00 click here for bank details
- Confirmation notice of name reservation – CoR9.4
- Certified identity copy of members
- Power of attorney (if applicable)
- Proof of payment of R245
- Copy/Summary of the proposed amalgamation agreement must accompany the notice of meeting
- Notice of registered office, directors of the amalgamated co-operative
- Declaration by the directors of each amalgamating co-operative stating that the amalgamated co-operative is liquid, solvent and interests of creditors will be protected.
- The board of directors of each amalgamating co-operative must submit the proposed agreement to amalgamate to a general meeting of each amalgamating co-operative
- A copy or summary of the proposed amalgamation agreement must accompany the notice of such meeting
- An amalgamation agreement must be approved by special resolutions of each amalgamating co-operative
- After approval of an amalgamation agreement, the constitution of the amalgamated co-operative must be submitted to the registrar for approval, together with a notice of its registered office, a notice of the directors of the amalgamated co-operative
- A declaration by the directors of each amalgamating co-operative must be attached to the constitution submitted as mentioned above, establishing that the relevant provisions of their constitutions have been complied with in approving the amalgamation, and that there are reasonable grounds to believe that-
- the amalgamated co-operative will be able to pay its liabilities as they become due;
- the realisable value of the amalgamated co-operative’s assets will not be less than the total of its liabilities, share capital and reserves; and
- the interests of creditors will be protected in compliance with section 64.
NB: Lodgement of a passport copy is only accepted as proof of identity for non-residents of South Africa. For South African residents a green bar-coded/ smart ID copy must be lodged.
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