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Simply explained, share capital is the money a person invests to register as a member of the ICCS. It is also a crucial part of a business's capital structure.
It is essential in assessing its financial standing and prospects for investment. The business can utilize the money raised from shareholder capital to finance operations, make investments in new ventures, buy assets, or pay off debt.
Any individual who meets the legal requirements to be an adult can enter into a legal contract, resides in the area where the society operates, or engages in any service or employment within the society's operating area, can apply to become a member.
Each member should own a single share valued at Rs. 100. You can also take note of our several share capital investment plans, which have durations from one to seven years.
Every member of the society will have the right to vote in the yearly general body meeting. This privilege is granted regardless of how many shares the specific member owns.
The amount invested in share capital may be transferred to the member's designated nominee in the event of their death. However, the transfer is only effective when the transferee's name is properly entered in the Society's membership register. The society provides dividends to its members based on their share capital investment.
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Membership Eligibility and Benefits
– Must be of legal adult age.
– Must be legally fit for contracts.
– Should live or work in the society's locality.
– Must own at least one share.
– Options range from 1 to 7 years.
– Voting rights are equal for all members.
– Can transfer shares to a registered nominee.
– Dividends are based on share capital investment.
Anyone who is of legal age and resides or works in the society’s service area is eligible to become a member.
No, every member is entitled to vote at the annual general body meeting despite the number of shares they possess.
Yes, the invested share capital can be transferred to a selected nominee as long as their name is on the society’s membership register
We have various strategic partnerships and alliances with eminent Indian and global companies which cater to various aspects of our daily operations on PAN India scale. Not only do these partnerships widen our business platform but they also lay a foundation for a sustainable future.
