(1) A cooperative society with beneficial owners
shall keep a register of its beneficial owners and shall enter in
the register the following particulars-
(a) the names, contact and postal addresses of each
beneficial owner;
(b) the national identification numbers (NIN) of the
beneficial owners;
(c) the nature of the beneficial ownership;
(d) the date on which each beneficial owner was
entered in the register as a beneficial owner;
(e) the date on which any person ceased to be a
beneficial owner; and
(f) any other information as the Minister may
prescribe by regulations.

(1) In order to be qualified for membership of a registered society, a person, other than a registered society or a company incorporated under the Companies Act or an unincorporated body of persons permitted to become a member under section 15, shall—
(a) have attained the age of eighteen years; and
(b) be a resident within or in occupation of land within the society’s area of operation as prescribed by the relevant byelaw.
(2) A person above the age of twelve years may become a member of a society, but such a person shall not be eligible to act as a committee member of the society until he or she has reached the age of eighteen years.
(3) When, for the purpose of this section, any question arises as to the age of any person, that question shall be decided by the registrar, whose decision shall be final.