Section 3: Conditions of registration.

(1) A primary society may be registered under this Act, if it consists of at least ten persons each of whom is qualified for membership under section 22 of this Act.
(2) An industrial society may be registered under this Act if it consists of a minimum of six persons and is economically viable.
(3) No secondary society which is established for the purpose of facilitating the operations of a registered society shall be registered unless it has as members at least five registered societies and in the case of a Federal apex society it has as members at least five registered State apex societies.
(4) The word "Co-operative" or its vernacular equivalent shall form part of the name of every society registered under the Act.
(5) The word "limited" or its vernacular equivalent shall be the last word in the name of every society registered under this Act.
(6) Except in the case of a central financing society, the word "bank" or "banking" shall not form part of the name of any society registered under this Act.
(7) When, for the purpose of this section, a question arises as to age, residence or occupation of land constituting the qualification of any person, that question shall be decided by the Federal Director of Co-operatives whose decision shall be final.
(8) A registration fee of N100 or such other sum as may be prescribed by the Minister or Commissioner shall be paid to the Director.