{"id":5256,"date":"2022-07-16T00:06:36","date_gmt":"2022-07-16T00:06:36","guid":{"rendered":"https:\/\/koriatlaw.com\/?p=5256"},"modified":"2022-07-16T00:06:36","modified_gmt":"2022-07-16T00:06:36","slug":"registration-of-co-operative-societies-in-osun-state-requirements-cost-and-timeline","status":"publish","type":"post","link":"https:\/\/koriatlaw.com\/2026\/2022\/07\/16\/registration-of-co-operative-societies-in-osun-state-requirements-cost-and-timeline\/","title":{"rendered":"REGISTRATION OF CO-OPERATIVE SOCIETIES IN OSUN STATE: REQUIREMENTS, COST AND TIMELINE"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"990\" src=\"https:\/\/koriatlaw.com\/2026\/wp-content\/uploads\/2021\/12\/WhatsApp-Image-2021-11-15-at-18.37.17-1024x990.jpeg\" alt=\"\" class=\"wp-image-4914\" srcset=\"https:\/\/koriatlaw.com\/2026\/wp-content\/uploads\/2021\/12\/WhatsApp-Image-2021-11-15-at-18.37.17-1024x990.jpeg 1024w, https:\/\/koriatlaw.com\/2026\/wp-content\/uploads\/2021\/12\/WhatsApp-Image-2021-11-15-at-18.37.17-300x290.jpeg 300w, https:\/\/koriatlaw.com\/2026\/wp-content\/uploads\/2021\/12\/WhatsApp-Image-2021-11-15-at-18.37.17-768x742.jpeg 768w, https:\/\/koriatlaw.com\/2026\/wp-content\/uploads\/2021\/12\/WhatsApp-Image-2021-11-15-at-18.37.17-650x628.jpeg 650w, https:\/\/koriatlaw.com\/2026\/wp-content\/uploads\/2021\/12\/WhatsApp-Image-2021-11-15-at-18.37.17-760x734.jpeg 760w, https:\/\/koriatlaw.com\/2026\/wp-content\/uploads\/2021\/12\/WhatsApp-Image-2021-11-15-at-18.37.17-370x358.jpeg 370w, https:\/\/koriatlaw.com\/2026\/wp-content\/uploads\/2021\/12\/WhatsApp-Image-2021-11-15-at-18.37.17.jpeg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The Application for registration of a Co-operative Society\nis processed at the Osun\nState Ministry of Commerce, Industry, Cooperatives and Empowerment (\u201clicensing\nauthority\u201d). <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Please note that a Co-operative Society may be incorporated\nas a private limited liability company with share capital by the Corporate\nAffairs Commission (\u201cCAC\u201d). <a href=\"https:\/\/koriatlaw.com\/2026\/costs-and-requirements-of-company-registration-in-nigeria\/\">See our article for the general requirements\nfor incorporation here.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Where the members prefer to proceed with the\nregistration process without incorporation by the CAC, then the application for\nregistration can be submitted to the licensing authority with all the\nrequirements and evidence of payment of mandatory fees.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>REQUIREMENTS FOR REGISTRATION<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(i.) &nbsp;Name of the proposed Society.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(ii.) Address\nof the Society for purpose of registration:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Residential\nAddress<\/li><li>Postal\nAddress<\/li><li>Email\nAddress<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">(iii.) Area\nof Operations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(iv.) Exact\nobjects of the Society.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(v.) Number\nand amount of shares which the Society proposes to issue (Only applicable to a Co-operative\nSociety that is registered with the CAC with share capital if otherwise mode of\noperation should be stated).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(vi.) Vital\ndescription of proposed workings of the society.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(vii.) Name\nand phone numbers of principal officers like:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>President<\/li><li>Vice- President<\/li><li>Treasurer<\/li><li>Secretary<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">(viii.) Name,\nSignature, Occupation, Residential Address and Administrative Division of not\nless than 10 members including principal members of the proposed Co-operative\nSociety.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(ix.) Actual\nNumber of members of the Society as at the date of application.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(x.) Payment\nof total costs which is estimated about N100,000.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Please Note that Co-operative Society is required to\nhave a minimum of ten (10) members before its application can be accepted for\nregistration.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>PROCEDURE FOR COMPLETION<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The procedure for registration of Co-operative Society\nin Osun State are as follow:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>First step is to purchase\nthe forms from the\nOsun State Ministry of Commerce, Industry, Cooperatives and Empowerment.<\/li><li>Fill and\nsubmit the required forms and affix the required passport.<\/li><li>Payment of Registraton fee to any\nbank in Osun State with the revenue code 4030012 or at the front desk.<\/li><li>After the\nregistration process is successful, certificate of registration will be issued\nto the Cooperative\nSociety and an official from the local government in which\nthe Co-operative Society\nis located will be attached to the Cooperative Society to help assist and guide\nthe affairs of the Cooperative Society.<\/li><\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>TIMELINE\nFOR COMPLETION<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Upon submission of all required forms and payment of\nregistration fee, it takes two (2) weeks to process the certificate of\nregistration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Application for registration of a Co-operative Society is processed at the Osun State Ministry of Commerce, Industry, Cooperatives and Empowerment (\u201clicensing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[293,19,145,92,20,265,93],"class_list":["post-5256","post","type-post","status-publish","format-standard","hentry","category-publications","tag-cooperative-society","tag-business-licence","tag-commerciallawyer","tag-company-lawyers","tag-company-registration","tag-company-secretary","tag-corporate-lawyers"],"_links":{"self":[{"href":"https:\/\/koriatlaw.com\/2026\/wp-json\/wp\/v2\/posts\/5256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/koriatlaw.com\/2026\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/koriatlaw.com\/2026\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/koriatlaw.com\/2026\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/koriatlaw.com\/2026\/wp-json\/wp\/v2\/comments?post=5256"}],"version-history":[{"count":0,"href":"https:\/\/koriatlaw.com\/2026\/wp-json\/wp\/v2\/posts\/5256\/revisions"}],"wp:attachment":[{"href":"https:\/\/koriatlaw.com\/2026\/wp-json\/wp\/v2\/media?parent=5256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/koriatlaw.com\/2026\/wp-json\/wp\/v2\/categories?post=5256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/koriatlaw.com\/2026\/wp-json\/wp\/v2\/tags?post=5256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}