Section 2: Societies which may be registered.

(1) A society may be registered as a co-operative society under this Act if-
(a) it is a limited liability society; and
(b) has as its objects the promotion of the socio-economic interests of its members in accordance with co-operative principles, and established for the purpose of facilitating the operation of those principles.
(2) A society may be registered under this Act as an industrial society or as a primary or secondary society.
(3) A person appointed as a Director of Co-operatives under subsection (1) or (2) of section 1 of this Act, shall have a seal of such device as may be approved by the President, in the case of a Federal Director and by the State Governor, in the case of a State Director of Co-operatives and the impression of such seal shall be judicially noticed.