law: Co-Operative Societies Act 2008 
  103.
  
  Execution and registration of charge
  1.      A charge created
  
  under section 102 shall be duly executed if signed by the person in
  
  quintuplicate in the presence ofŚ
  a.     
  
    the
  
  chairman or president of the society; and
  b.    
  
    the
  
  secretary of the society.
  2.      The Secretary shallŚ
  a.     
  
    file
  
  one copy of the charge at the registered office of the society and deliver one
  
  copy each to the Registrar of the High Court and the Registrar of Co-operative
  
  Societies; and
  b.    
  
    deliver
  
  one copy to the member.
  1.      
  2.      
  3.      The Registrar of the
  
  High Court shall keep a book known as the ōRegistered Societies Charge Bookö in
  
  which he shall register every charge delivered to him by the secretary of a
  
  society, and issue to the society a certified copy of the registration.
  4.      The registration of a
  
  charge under subsection (3) shall constitute a first charge and security in
  
  favour of the society and shall be amended to affect with notice any person
  
  dealing with the property comprised in the charge.
  5.      Where a loan or other
  
  indebtedness in respect of which a charge was created is discharged, the
  
  secretary of the society shallŚ
  a.     
  
    cause
  
  a document to that effect to be prepared in quintuplicate, and signed by the
  
  chairman or president and secretary of the society indicating that the charge
  
  has been discharged; and
  b.    
  
    file
  
  one copy of such document, deliver one copy each to the Registrar of
  
  Co-operative Societies and Registrar of the High Court who shall forthwith make
  
  an entry of satisfaction in the Registered Societies Charges Book; and
  c.     
  
    deliver
  
  one copy to the member.
  1.      
  2.      
  3.      
  4.      
  5.      
  6.      Any person may, on
  
  payment of the fee prescribed in the Regulations, inspect the Co-operatives
  
  Societies Charges Book and take extracts there from.
  7.      Notwithstanding
  
  anything contained in this section, every charge subsisting at the commencement
  
  of this Act in favour of a registered society shall be deemed to be registered
  
  in the Co-operative Societies Charge Book, and any such charge shall, without
  
  prejudice to anything contained therein, have the same force and effect on a
  
  charge created under this Act.