The Unati Agri Allied and Marketing Multi State Cooperative Society Ltd (UAMMCL) operates under the framework of the Multi-State Cooperative Societies Act and its subsequent amendments. This FAQ provides a comprehensive overview of the membership process, benefits, and related aspects based on the provided documents.
Membership
Your questions, answered—learn more about our work, values, and how we’re building a better Bharat through cooperation. Moreover, discover how to become a part of UAMMCL and contribute to a cooperative movement rooted in shared growth and empowerment.
General enquiries
info@uammcl.org
Customer sales enquiries
+91 90567-58183
Why should I consider membership in UAMMCL?
Being a member of UAMMCL offers numerous benefits such as a stake in the cooperative’s growth, the ability to influence decisions, potential dividends based on profits, and a sense of community and shared purpose.
What types of memberships are available in UAMMCL?
UAMMCL offers both Ordinary and Nominal memberships, each with specific rights and responsibilities.
How can I apply for membership in UAMMCL?
To become a member, approach the UAMMCL’s administrative office, complete the membership application form, and submit any required documents and fees.
What are the rights of members in UAMMCL?
Members have the right to vote, attend meetings, receive dividends, and participate in decision-making processes. Specific rights can vary based on UAMMCL’s bylaws and the MSCS Act.
How can I purchase shares in UAMMCL?
Shares can be purchased by approaching UAMMCL’s office, filling out the necessary forms, and paying for the desired number of shares. The value of a single share in UAMMCL is Rs 100.
How are dividends distributed among members?
Dividends are typically distributed based on UAMMCL’s profits and the number of shares held by members.
Shares and Dividends
Understand how shareholding works, what your investment means, and how profits are shared among cooperative members.
Nomination
Secure your investment for the future by learning how to nominate a beneficiary for your UAMMCL shares.
What is nomination in the context of shares in UAMMCL?
Nomination allows members of UAMMCL to designate someone who can claim their shares and associated benefits in the event of their demise.
How can I nominate someone for my shares in UAMMCL?
Members can nominate someone by filling out UAMMCL’s nomination form and submitting it with any required documentation.
How many shares will I get for an investment of Rs 1 lakh?
For an investment of Rs 1 lakh, you would acquire 1,000 shares in UAMMCL, given that each share is valued at Rs 100.
How does shareholding in UAMMCL differ from that in a company?
In UAMMCL, each member typically has one vote regardless of the number of shares held, emphasizing democratic decision-making. In companies, voting rights are often proportional to the number of shares held.
Differences in Shareholding
Discover how UAMMCL’s democratic structure sets it apart from traditional companies—and why every member’s voice matters.
