An applicant shall be eligible to become member of the society if he fulfills following condition;

  1. He has applied in writing in the prescribed form.
  2. He has given declaration that he is not a member of any other similar co┬Čoperative society.
  3. His application is approved by the board of the society.
  4. He resides within the area of operation.
  5. His interest does not conflict with the interest of the society.
  6. He has attained the age of 18 years.
  7. He has paid admission fee and purchased minimum one share and paid the value thereof in full.
  8. He has fulfilled all other conditions laid down in the Act, the rules and the bye-laws.
  No person shall be eligible for admission as a member of the society if: 
  1. He has bee adjudged by a complete court to be a insolvent or a undercharged insolvent and genuinely need the services provided by the society.
  2. He has been sentenced for any offence, other than offence of a political character or an offence not involving moral turpitude and dishonesty and a period of five years has not elapsed from the date of expiry of the sentence.
  Membership & Admission Fees: 
The society shall have the following membership & their Admission fees:
(As per Rule 11 (a) & 11 (c) of MSCS Rules 2002)
  1. The application for ordinary membership of the society shall be submitted by an applicant to the chief executive of the society in prescribed form and paid the admission/ membership fee of Rs. 50/- and purchased minimum one share of Rs. 100/- and paid the value there of in full.
    (As per section 26 of MSCS Act, 2020)

  2. The society may, in the interest of promotion of the business, admit a person as nominal member or associate member on payment of fee of Rupees 20/- only provided that such member will neither be entitled to subscribe to the share capital of the society not allowed to have any interest in the management of the society including right to vote, contest election as director of the board or participate in the board or general body meeting of the society.
Achievers Credit Co-operative Society