Last Update 27/06/2017

Shareholders


The Shares Section was established to oversee shares transfer processes and preserve the shareholders’ equity at the Section

UNION COOP Membership terms and conditions:

Pursuant to article (7) of the UNION COOP bylaw, new members must meet the following criteria:

  • Must be a UAE national, permanently residing in UNION COOP's area of work
  • Must not be a member of another cooperative society engaged in similar activities within UNION COOP's area of work.
  • Must be of a good behavior, and have not been sentenced to a felony or misdemeanor involving moral turpitude and dishonesty, unless rehabilitated
  • Must not be under the age of eighteen full calendar years
  • Must accept in writing the bylaw of UNION COOP.

Required documents for shares transfer from a current shareholder to a new shareholder:



First Party (Transferor)

  • Copy of the passport
  • Original shares certificate
  • Process fees of AED 50

Second Party (Transferee)

  • Copy of passport issued in Dubai
  • Copy of Family book issued in Dubai
  • Process fees of AED 50
  • Minimum number of shares must not be less than (20)
  • The minimum age is 18 years.
Required documents for share transfer among shareholders

Transferor Shareholder

  • Copy of passport
  • Original shares certificate
  • Process fees of AED 50

Transferee Shareholder

  • Copy of passport
  • Original shares certificates
  • Process fees of AED 50


Notes:-
  • The transferor must personally attend and carry out the shares transfer process
  • In case of transfer through a stockbrokerage office recognized in Dubai’s financial market, the transferor’s signature must be attested by affixing the seal of such office thereon.

Contact Details


04-2371040   /   04-2371041   /   04-2371042   /   04-2371043
04-2559965
Timings : from Sunday to Thursday (08:00am - 04:00pm)
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