Share is one of the main sources of NCF/N capital formation and
also a precondition for obtaining the membership of the cooperatives.
NCF/N's authorized share-capital is NRSS. 500 Million. The value of
each unit of share is of NRSS. 5000. At present total NRS.78
million Share capital has already been paid from the total 81 full members.
Among the total full membership, NCF/N has
3
central level cooperative unions (Savings and credit, Dairy and
Consumer), 1 National Cooperative Bank, 74 Disirict level
cooperative unions & 7 single purpose primary cooperatives with
large volume of business and networks. It has also 10 associated
members.
Its
major financial sources are the following:
1) Membership Subscription
2) Business income
3) Share Capital
4) Government Grants
5) Training Fees
6) Program cost provided by partner organizations and doners.
a. Full Membership
Only
the following kinds of Cooperative unions and institutions
can be the Full Member and, for that, each union
has to purchase at least one unit of share. Members are
illegible to purchase share not exceeding the 20% of the
total paid off share capital.
Ø
Central Cooperative unions
Ø
District level Cooperative Union
Ø
Government & Government owned Institutions.
Ø
Financial and Banking Institutions.
Ø
Foreign Cooperatives an Institutions being members of the
International Cooperative Alliance.
The
following cooperatives or
institutions can be the Associate Member. For that, they
should purchase at least 5 unit of share. The associate
members will enjoy the other power as full member except
rights to vote.
Ø
Primary Cooperatives
ØNational
and International Non-governmental Organizations having
similar objectives
of cooperation.
