An applicant shall be eligible to become member of the company if he fulfills following condition;

• He has applied in writing in the prescribed form.
• He has given declaration that he is not a member of any other similar company.
• His application is approved by the board of the company.
• He resides within the area of operation.
• His interest does not conflict with the interest of the company.
• He has attained the age of 18 years.
• He has paid admission fee and purchased minimum one share and paid the value thereof in full.
• He has fulfilled all other conditions laid down in the Act, the rules and the bye-laws.