You will need this registration if you intend to operate a co-operative.
A co-operative is a democratic organisation, owned and controlled by its members for a common benefit. It can be formed to provide goods or services to its members, or to supply goods or services to the general public.
Members of a co-operative can benefit through the combined purchasing, distribution or marketing power or influence of the group. They share in the group’s investment and operational risks and losses, as well as its benefits.