Parts II, III and IV provide for the procedures and criteria of formation and registration of a cooperative society and its operation. Section 38 defines the powers of a society. Some provisions of Part III concern agreements a society may enter into. A society shall be managed by a Board of Directors. Part V provides for amalgamations, associations, federations and composite societies. Two or more societies may, subject to this Act, apply to the Registrar to be registered as an amalgamated soci