Organisation : Department of Agricultural Marketing & Cooperatives
Facility Name : Registration & Information Management of Cooperatives
Country : Bhutan
Website : https://www.citizenservices.gov.bt/g2cportal/ListOfLifeEventComponent
How To Register Cooperatives in Bhutan?
The Cooperative Act (Amendment) of Bhutan, 2009 defines a Primary Cooperative as, One where a minimum of fifteen (15) natural persons who are Bhutanese citizens with common bond of interest in the area of operation of the cooperative, join or organize to realize the following purposes
Related / Similar Facility : Bhutan Registration and Information Management of Farmer Groups
1.To provide or satisfy the common economic needs of members and communities by engaging in any of the business activities in production, processing/manufacturing, supply and marketing, and financing;
2.To establish a strong, sustainable, human and physical resource base to ensure the provision of quality and timely goods and services to members and communities;
3.To promote the educational and economic advancement of members and communities;
4.To encourage among members the discipline of thrift and savings and the importance of capital and savings build-up for the financial sustainability of the cooperative.
5.To contribute to the development of agriculture, industry, and service sectors of the local economy; and
6.To perform other related purposes as prescribed in the Act.
Required Documents For Registration of Cooperatives
1. A minimum of fifteen natural persons (from a minimum of fifteen different households) who are Bhutanese citizens with a common bond of interest in the area of operation of the cooperative;
2. Copies of duly completed Constitution and By-laws;
3. A business plan evidencing that the proposed primary co-operative is organized based on a) the membersâ?? common needs or demand, and b) the economies of scale and requirements of the market of its business under takings;
4. Proof of bank account.
5. Members have met and elected a group of key people as their office bearers for the formation of a Cooperatives as evidenced by an agreement or minutes of meeting;
6. Bond of undertaking by the office bearers.
Note:
As per the Cooperative Act (Amendment) of Bhutan, 2009, after a Farmers Group is registered as a Cooperative, the following committees are required to be elected and a General Assembly meeting held, which has to be clearly defined in its Constitution as follows:
1. General Assembly:
Every registered co-operative shall have a General Assembly as the highest legislative body and composed of all qualified members. The powers and responsibilities of the General Assembly need to be prescribed in the Constitution and By-laws.
2. Board of Directors:
Every registered co-operative shall have a Board of Directors as the policy making body. The powers, duties and accountabilities of the Board and officials shall be prescribed in the Constitution and By-laws.
3. Committee:
Every registered co-operative shall have a finance and audit committee and election committee with three members each who are elected directly by the General Assembly and to serve for a term of two consecutive years with re-election.
Contact Information:
Name: Pema Wangchuk
Email ID: wangchukp48@gmail.com
Phone number: 17486378
Main Office: Department of Agricultural Marketing & Cooperatives, MoAL, Thimphu