A share
You hold share capital in the society, in the amount the bye-laws set.
Membership
Membership
Membership makes you an owner of the society rather than a customer of it. It carries a share, a vote, and a claim on how the society is run.
What membership carries
Four things, and the second is the one most people are surprised by.
A vote
One vote, whatever your balance. The same weight as every other member.
A right to the accounts
The audited accounts come to the general body, and the general body is you.
A right to stand
Any member in good standing may stand for election to the board.
Who may join
Eligibility is set by the bye-laws the members approved, and admission is a decision of the board. The society operates across more than one state, so membership reaches beyond Maharashtra.
Ask about eligibilityWhat the board looks at
- Eligibility under the bye-lawsThe categories of person the society is registered to serve.
- Identity and addressThe documents required for any regulated financial relationship.
- Share subscriptionThe share capital the bye-laws set for admission.
- A resolution of the boardAdmission is recorded, and so is a refusal, with the reason.
Exact amounts and categories come from the bye-laws. Ask the society and it will tell you before you apply.
How it happens
Four steps, all of them involving a person. Nothing about membership is completed on this website.
01
You ask
A callback request, a phone call, or a visit. Somebody from the society speaks to you.
02
You apply
The society's own form, with the documents the bye-laws require.
03
The board decides
Admission or refusal, recorded either way, with a reason.
04
You hold a share
Your share is issued, your name enters the register, and your vote begins.
Leaving the society
Membership ends when you ask it to, subject to the bye-laws and to any obligation still outstanding.
Withdrawal
A member may resign under the bye-laws. Share capital is refunded as the bye-laws provide, once any borrowing is settled.
Nomination
Every member may nominate a person to receive their interest in the society. Keeping that nomination current is the single most useful thing a member can do for their family.
Ask about membership
Leave your name and number and someone from the society calls you back to talk through eligibility and what joining involves.
Request a callback