Share Investment Schemes
Share Capital for Members
Share capital is the money invested by an individual to register as a member of the KCCSSL.
The society can use this money raised from shareholder capital for financial operations, investments in new schemes, buy assets, or pay off debt.
Any individual who meets the legal requirements can become a society member.
Each member should own atleast 10 shares valued Rs. 100/Share.Every member of the society has right to vote in the yearly general body meeting. This right is granted irrespective of number of shares the specific member has.
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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An individual, who is competent to contract under the Indian Contract Act, 1872
-Must be of legal adult age -
Capable of entering a legal contract
-Must be legally fit for contracts. -
Reside or work within the area
-Should live or work in the society's locality. -
Must hold a share worth Rs. 100/-
-Must own minimum 10 shares.
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One vote per member
-Voting rights are equal for all members. -
Share transfer upon death
-Can transfer shares to a registered nominee. -
Eligible for dividends
-Dividends are based on share capital investment
Get an Application Form
Visit any branch of the KCCSSL to get an application form for shareholder and membership or download from KCCSSL website
Prepare Your Documents
Fill out the form with required KYC documents, like Aadhaar Card, Pan card , electricity bill etc along with a share application for at least 10 shares ₹100/Share.
Submit Your Application
Submit your filled form with required documents at a branch. If eligible, you will receive 10 shares ₹100 /Share and can apply for more shares if needed.