Does the Cooperative Have Regulations on the Time Limit for Contributing Charter Capital?

Based on Clause 3, Article 17 of the 2012 Cooperative Law, the regulations on charter capital are as follows:

- For cooperatives, members' capital contributions are determined according to the agreement and the regulations of the charter but must not exceed 20% of the cooperative's charter capital.

- For cooperative unions, the capital contributions of member cooperatives are determined according to the agreement and the regulations of the charter but must not exceed 30% of the charter capital of the cooperative union.

- The duration, form, and amount of capital contributions are defined by the charter, but the period for full capital contribution must not exceed 6 months from the date the cooperative or cooperative union is granted the registration certificate or from the date of admission.

Thus, the cooperative stipulates the timeframe for capital contribution based on the Charter. However, the period for full capital contribution must not exceed 6 months from the date the cooperative is granted the registration certificate or from the date of admission.

Respectfully!