
Stokvel Constitution Sample PDF Form


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People also ask club constitution format
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How to create your own constitution?
Writing the Constitution Gather ideas and information from group members, faculty members, administrators, and constitutions from other organizations. ... Review the gathered information. ... Decide the basics of your constitution. ... Decide the basics for each part of the constitution. ... Edit the constitution. ... Seek feedback.
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What is an example of a stokvel?
Examples include grocery, bonus, travel, birthday and savings stokvels that have 12-month cycles. A family stokvel that wants to plant a tree will save the money for a longer time to build something that will become an income stream for the family in the future.
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What is the aim of the stokvel?
The common goal of investment stokvels is to accumulate capital by investing in business ventures. Investment stokvels also promote savings through bulk purchases of goods. Such investment stokvels are also referred to as cooperative buying societies (Irving, 2005).
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What is the stokvel constitution in South Africa?
Stokvel Constitution. This constitution has been drafted and published by the National Stokvel Association of South Africa (NASASA) as a set of fundamental principles ing to which a Stokvel or any community-based deposit-taking organisation is governed. Together, these principles define the Stokvel group premise.
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How to write social club constitution?
Name. This section includes simply the name of your organization. ... Purpose and Functions. This section is one of the most important, as it details the mission and activities of your club. ... Membership. ... Article III. ... Nondiscrimination Clause. ... Article IV. ... Officers/Leadership. ... Article V.
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Is stokvel legal in South Africa?
Legal Considerations for Stokvels Regulatory Compliance: Stokvels must ensure compliance with relevant South African laws such as the Financial Intelligence Centre Act (“FICA”) for anti-money laundering. Stokvels that engage in credit provision must adhere to the National Credit Act if they charge interest or fees.
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