Ministerial Decision No. 258/2024 On the Conditions and Procedures Related to the Registry of Cooperatives
The Minister of Economy,
After perusal of Federal Law No. 1/1972 on the Competencies of the Ministries and Powers of the Ministers, and its amendments;
Federal Decree-Law No. 6/2022 on Cooperatives;
Cabinet Decision No. 68/2020 on the Organisational Structure of the Ministry of Economy;
Cabinet Decision No. 55/2024 on the issuance of the Implementing Regulation of Federal Decree-Law No. 6/2022 on Cooperatives; and
Based on the proposal of the Undersecretary of the Ministry,
Has decided the following:
Article 1 - Definitions
In the implementation of the provisions of this Decision, the following terms and expressions shall have the meanings assigned against each, and the expressions of this Decision defined in the Decree-Law shall have the meanings specified therein unless the context indicates otherwise:
Registrar: A person who is appointed by the Board of Directors of the Cooperative to manage and register the members’ properties and shares in a cooperative, as per the information determined in this Decision.