About Share capital
Simply put, share capital is the money an individual invests to become a registered member of Shamani. It plays a vital role in shaping a business’s financial structure and stability. This capital is crucial for assessing financial health and attracting potential investors. The funds raised through shareholder contributions enable businesses to sustain operations, expand into new ventures, acquire assets, or settle liabilities. By investing in share capital, members contribute to the organization’s growth while securing their stake in its future success. A well-structured share capital system ensures financial resilience and long-term sustainability for the business.
Share Capital (Members Only)
Any individual who meets the legal requirements to be an adult, resides in the society’s operational area, or is engaged in service or employment within it, is eligible to apply for membership.
To become a member, one must own a single share valued at Rs. 2250. We also offer share capital investment plans ranging from one to seven years.
All members have the right to vote in the annual general body meeting, regardless of the number of shares they own.
In case of a member’s demise, their share capital investment can be transferred to the designated nominee, subject to proper registration. Members also receive dividends based on their investment in the society’s share capital.
Eligibility criteria
Must be an adult as per the law
– 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.
Hold a share worth Rs. 2000/-
– Must own at least one share.
Investment schemes available
– Options range from 1 to 7 years.
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.
Questions & Answers
Anyone who is of legal age and resides or works in the society’s service area is eligible to become a member.Â
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