We invite you to buy shares and become a Member of the North Arran Community Benefit Society Ltd. You will be investing in this exciting community enterprise managed by and for its members to ensure the revival and survival of the Community. NACBS is run by its members, who propose how the funds of the society are spent. They can also stand for committee, propose and elect the Committee members.
Community Shares are a form of share capital unique to Co-operative and Community Benefit Society legislation.
A Community Share can only be bought by individuals who are resident in the community area postcodes of the NACBS and who are on the electoral register for the area. A Community Share can be bought for £1. This share is not transferable but is withdrawable in exchange for £1. The share carries no right to interest. In addition, in year two onwards there may be a small annual charge of £1 enabling the register of Community members to be kept up to date. A community shareholder has one vote at NACBS meetings.
Anyone (minimum age 16) can buy Contributor Shares. Contributors, who are not Community Members, can be members by acquiring a minimum of ten £25 shares. These shares are not transferable but can be withdrawn at face value and at the discretion of the Board having regard to the financial position of the society and any outstanding notice of other withdrawals. A Contributor Member has one vote at NACBS meetings but cannot vote on certain resolutions as laid out in the NACBS rules such as those pertaining to rule changes relating to Community Members and key decisions including any decision to convert, merge or transfer the society’s business, Community Members alone may vote.
For more information, please download the Share Prospectus below –
CLICK HERE TO COMPETE AN APPLICATION FOR SHARES ONLINE
Alternatively the shares application form can be downloaded below if you wish to complete offline. You can then scan and return a copy to Secretary@NACBS.co.uk or return it to: The Secretary, NACBS, Lochranza Centre CIC, Isle of Arran. KA27 8HL
To buy shares and become a member of North Arran Community Benefit Society ltd, please complete the online form below or download a membership form, complete and return it to:
The Secretary, NACBS, Lochranza Centre CIC,Isle of Arran. KA278HL
Or you can print scan and return a copy via email to Secretary@NACBS.co.uk