Stokvel Club Constitution Sample Form
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People also ask society constitution sample
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What are the rules of a Stokvel?
Stokvels generally have a constitution which dictates the size of the contributions, when the accumulated money is to be paid out and the roles and responsibilities of the members. Each month a different member receives the money in the fund, which was collected during that period. -
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. -
How do you write a club constitution?
include the following: ARTICLE I – Name of the Club. ARTICLE II – Purpose of the Club. ARTICLE III – Officers of the Club. ARTICLE IV – Qualifications for Membership. ARTICLE V – Meetings. ARTICLE VI – Parliamentary Authority. ARTICLE VII – Amendments. -
What are the aims and objectives of a 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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