New South Wales Consolidated Acts

CO-OPERATIVES ACT 1992 - SECT 256

256 Approval for omission of “Limited”

(1) In the case of a co-operative the rules of which prohibit the payment of dividends or the distribution of assets to members, the Registrar may by order in writing, approve of the omission from the name of the word “Limited”.

(2) Such an approval may be granted subject to conditions and the conditions to which an approval is subject may be varied from time to time by the Registrar by notice in writing to the co-operative.

(3) Any conditions to which the Registrar’s approval is subject are binding on the co-operative and must, if the Registrar so directs, be inserted in the rules of the co-operative.

(4) The rules of the co-operative may be altered by special resolution to give effect to any such direction.

(5) The Registrar may at any time by notice in writing to the co-operative revoke an approval under this section but only after giving the co-operative an opportunity to make submissions to the Registrar on the matter.

(6) An approval under this section operates to exempt the co-operative from the requirement that the word “Limited” form part of its name.