In ICCSL, we work only with members having the following attributes
Any person can enroll as a member if he/she is an adult in accordance with law, fit to be a party in the legal contract and resides within the locale of functioning of the society or is involved in any service/occupation within the geographical locality of operation of Society.
Each member should have a single share worth of Rs. 100/-. You may also note of our various share capital investment schemes ranging from 1 year to 7 years.
Each member of the society will possess the right to one vote in the annual general body meeting. This right is given irrespective of the number of shares that the particular member- he/she possess.
In the situation of a member’s death, the amount of share capital investment can be transferred to his/her respective nominee. However, the transfer is complete only when the name of the transferee has been duly registered in the register of members of the Society.
Society pays dividend to its members in accordance with their investment in share capital.
