How to Write a Constitution for a stokvel(club) - Stokvel News.

Alteration of the Constitution. Proposals for amendments to this constitution, or dissolution must be delivered to the secretary in writing. The secretary in conjunction with all other officers shall then decide on the date of a meeting to discuss such proposals, giving at least four weeks (28 days) clear notice.

Investment Club Constitution. The Investment Club's Constitutition provides the legal framework for the club's organisation. The Constitution should be signed by every club member and can only be changed with the agreement of all members. The following is a sample draft constitution as recommended by Proshare Clubs. CONSTITUTION.

By identifying the right members, you will avoid stokvel challenges that may arise due to varying interests. There should be a minimum of 12 members in the group but some saving groups can opt for fewer members if they want. 2. Stokvel constitution. The next step is to create a constitution which will act as the guideline for the savings group.

Constitutions usually cover the following areas. Discuss each of these with your group, and take notes. The decisions you make will help you write your constitution. Name of organisation. Equal Opportunities. Committee and officers. AGM and other meetings. Rules of procedure. Changes to the constitution. Name of organisation.

Sedimonthole Stokvel Contract This is a contract that the investor signs in order to be accepted to the Stokvel. The investor must read the investment bearer’s acknowledgement of debt where the money will be deposited every month.

Open a stokvel account to start saving as a group and get exclusive benefits such as funeral cover and discounts at selected stores.Open a stokvel account to start saving as a group and get exclusive benefits such as funeral cover and discounts at selected stores.

The name “stokvel” originated from the term “stock fairs”, as the rotating cattle auctions of English settlers in the Eastern Cape during the early 19th century were known. (1) (2) (3) 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.

Clubs and associations of all sizes need a written constitution - a framework of rules - so that all members know what they can and can’t do, and how the organisation works. Constitutions may be simple or complicated, but if you have never drawn one before, it can be a daunting task to do so. Our templates provide a guiding hand that will.

The type of constitution that you adopt will depend upon the legal structure your group takes. This means that you can only write your constitution once you have agreed the structure of your group. Model Constitutions. The most straightforward way to create your constitution is to use a model constitution. We recommend using our template.

The FNB Stokvel Savings Account is a book-based savings account for a group of individuals who want to save for a common purpose. You will receive better return on savings and better interest rates. You are able to withdraw cash in an FNB branch. You can make deposits using an FNB ATM Advance. Safely pool funds in a group.

Stokvel Constitution. This constitution has been drafted and published by the National Stokvel Association of South Africa (NASASA) as a set of fundamental principles according to which a Stokvel or any community-based deposit-taking organisation is governed. Together, these principles define the Stokvel group premise. This document is a set of.