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The Laws of Fiji
Last Updated: 24 June 2022

[COOP 91] Nature of share capital91 

91
(1) Every co-operative shall provide for the nominal value of each share in their by-laws, provided that the minimum nominal value of each share shall be $1 and the minimum number of shares to be held by each member shall be determined by the by-law of a co-operative.
(2) The by-laws of a co-operative may provide for any mode of payment of the shares, provided that at least 10% of the minimum share contribution as laid down in the by-laws shall be payable on admission to a co-operative.
(3) The by-laws of a co-operative may provide for a system of staggered share contributions whereby the minimum share contribution for each member can be different according to criteria provided for in the by-laws of a co-operative.