NEXTGEN FARMERS CO-OPERATIVE SOCIETY LIMITED
SHAREHOLDING FORMS & TERMS AND CONDITIONS
MEMBER SHAREHOLDING FORM
Please complete and submit this form. An invoice will be issued if approved.
TERMS AND CONDITIONS FOR SHAREHOLDING
These terms govern the shareholding structure of NextGen Farmers Co-operative Society Limited and are
legally binding on all members.
1. Share Structure & Limits
a. Every member must hold at least one share, valued at GHC 50.00.
b. No member shall hold more than one-fifth (1/5) of the total paid-up share capital of the Society, in
compliance with NLCD 252.
c. If the total share capital increases, the individual share limit will be automatically adjusted to reflect the new
paid-up capital.
d. A member may, with Executive Committee approval, increase their shareholding, provided it does not exceed
the limit in Clause (b)
2. Ownership, Voting Rights & Profit Sharing
a. Shares represent financial participation in the Society but do not confer direct ownership rights over assets.
b. Shares cannot be transferred or sold to non-members without Executive Committee approval.
c. Shareholding does not grant additional voting rights—every member has one vote, regardless of the number
of shares owned.
c. Members will receive dividends based on the number of shares held, subject to the annual financial
performance of the Society.
d. Dividend payments shall be approved by the General Assembly and disbursed according to the Society’s
profit-sharing policy as stated in section 3, subsection 3 of the Society’s bye-laws
3. Share Purchase, Refunds & Withdrawal
a. Payments for shares must be made in full at the time of application.
b. Part-payment or installment-based share purchases are not permitted.
c. A member withdrawing from the Society or having their membership terminated may apply for a refund of
their share capital.
d. Refunds are not automatic and will be subject to Society liquidity and approval by the Executive Committee.
e. Refunds will be processed within six (6) months, and deductions may apply if the member has outstanding
obligations.
4. Amendments & Compliance
a. The Society reserves the right to amend these terms, subject to approval by the General Meeting.
b. All shareholding activities must comply with the Co-operative Societies Act, 1968 (NLCD 252) and other
relevant regulations in Ghana.
NON-DISCLOSURE AGREEMENT
NOTE: Should this application be approved, you will be required to sign the NDA which can be found under Contracts on your dashboard. If you do not agree to this NDA, please do not submit this form and If you have paid funds to our account you may request for a refund.
This Non-Disclosure Agreement ("Agreement") is entered into BETWEEN
1. The Cooperative: NextGen Farmers Co-Operative Society Limited, also referred and known to
all members as NextGen Farmers Hub (hereinafter referred to as "the Cooperative").
Both names may be used for the Co-Operative’s products and services, official and unofficial
documents
AND
2. The Member: THE NAME APPENDED TO THE SIGNATURE (hereinafter referred to as "the Member").
1. Purpose
This Agreement ensures the confidentiality of sensitive information shared within the
Cooperative to protect its interests and those of its members.
2. Confidential Information
"Confidential Information" includes, but not limited to:
1. Business plans and strategies.
2. Farming techniques and proprietary methodologies.
3. Financial data, pricing models, and budgets.
4. Member lists, personal data, and contributions.
5. Supplier and partner agreements.
6. Marketing strategies and campaigns.
7. Technological tools and systems.
8. Any information explicitly marked as confidential by the Cooperative.
3. Member Obligations
The Member agrees to:
a) Maintain strict confidentiality of all Confidential Information.
b) Use Confidential Information solely for Cooperative activities.
c) Not disclose Confidential Information to any third party without written consent from the
Cooperative.
d) Adopt reasonable security measures to prevent unauthorized disclosure.
4. Exceptions to Confidentiality
This Agreement does not cover information that:
a. Becomes publicly available through no fault of the Member.
b. Was already known to the Member before joining the
Cooperative.
c. Is disclosed with prior written approval from the Cooperative.
5. Term
The confidentiality obligations under this Agreement shall remain in effect:
a. During the Member's membership in the Cooperative, and
b. For three (3) years after termination of membership.
6. Return of Materials
Upon termination of membership, the Member must return or destroy all documents,
materials, and electronic records containing Confidential Information.
7. Breach and Remedies
A breach of this Agreement may result in:
a. Immediate termination of the Member's membership.
b. Legal action, including claims for damages or injunctive relief.
8. Governing Law
a. This Agreement is governed by the laws of Ghana. Any disputes shall be resolved under
Ghanaian jurisdiction.
b. Where a member is a Ghanaian naturalized in a foreign country, the laws of that country
shall be applied.
