Forming a Co-operative takes your interest in 'doing well, and doing good', to a whole new level, where one can directly make a difference to lives via your sustainable social enterprise. Faced with the same market competition as any other business, Co-operative social enterprise that succeed are those which have differentiated themselves by the very DNA of their unique social missions, and have managed to implement this mission in a compelling way, from strategy to service, intent to communication.
Inline with our mission of promoting and developing sustainable Co-operative enterprises in Singapore, the SNCF team is dedicated to support you in bringing to fruition, your Co-operative idea. These 4 steps will offer you a glimpse into the process of forming a Co-operative in Singapore.
This Committee:
1. Undertakes a feasibility study to determine the economic, and financial viability of the proposed society.
2. Prepares a viability statement, which consists of an at least 3-year business plan, and cash flow projections.
3. Consider the objectives, the constitution of the society, and drafts the By-laws.
1. The Viability Statement
2. Their Particulars (i.e Name, NRIC No., Date of Birth, Citizenship, Occupation, Address, and Office Contact No.)
3. The Draft of By-laws, which include matters spelt out in.
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The Schedule of the Co-operative Society Act
1. Adopt the By-laws (which have incorporated the Registry's) comments and
2. Pass the resolution to accept all the rights, duties and liabilities prescribed by the By-laws.
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Qualifications for membership