Eligibility

Membership in QCSMCSL is available to:

• Current employees of Cipla Quality Chemical Industries Limited (QCIL)
• Current employees of Quality Chemicals Katwe
• Former employees of the above companies who were members in good standing
• Spouse or dependent of a deceased member (as a survivor member)

Joining Requirements

To become a member, you must:

• Complete the membership application form
• Pay a non-refundable registration fee of UGX 20,000
• Purchase a minimum of 5 shares at UGX 10,000 each (UGX 50,000 total)
• Commit to a minimum monthly savings contribution
• Provide valid identification (National ID or Passport)
• Provide proof of employment

Member Rights

As a member, you are entitled to:

• Participate and vote in General Meetings
• Elect and be elected to the Board of Directors
• Access all Society services (savings, loans, investments)
• Receive dividends on shares as declared by the AGM
• Receive interest on savings as per prevailing rates
• Access your account statements and transaction history

Member Responsibilities

• Maintain regular monthly contributions
• Repay loans promptly according to agreed schedules
• Update personal information when changes occur
• Nominate beneficiaries and keep nominations current
• Attend AGMs and participate in Society governance

Withdrawal from Membership

A member may withdraw from the Society by giving written notice. Upon withdrawal:

• All outstanding loan obligations must be settled
• Share capital and savings will be refunded within 90 days
• Any pending interest or dividends will be calculated and paid

Last updated: February 2026