MEMBERSHIP

A. DCNL SHARE HOLDER RELATION
Dreamland City Nidhi Ltd is a type of company in the Indian non-banking finance sector, recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between their members.

When you become a member of Dreamland City Nidhi Ltd. You are allotted one share of Rs. 10 only. But this gives you a right to participate in the management process of the organization through the A.G.M. you can otherwise also post your suggestion for improving the functioning of the Company. Our Company Functions like a well-oiled machine and we understand each other so well that we have spontaneously started treating our members as part of Dcnl family. Because of the avowed objective of the initiative when we committed ourselves to ensure welfare of our membership through financial support, we are improving the standards of life and rendering all possible technology driven financial services under one roof.

Membership Benefit

1. A member can open saving/recurring/fixed deposit account in the company.
2. A member is only Eligible for any type Of Security Loan from the Dreamland City Nidhi Ltd
3. A Member Can Avail the All the Facilities Provided by Dcnl to its members
4. Any Member is always shareholder of Dcnl Also, So he/she can Participate in DCNL Decision Making Process By Dcnl AGM
5. Dcnl Regularly Divides Dividend to Its Member against shareholding in Dcnl, Hence Members Get Financial Strength from Dcnl
6. Dcnl regularly Organize Different Knowledge Level Program For Its Member and Other Cultural Program
7. Through Dcnl Membership any One can participate in Social welfare activities
8. Dcnl Organize And Provide Different Event And Other Platform time to time For Welfare of Our Member in many Manners

Membership Terms & Condition:

1. A Person is to be a member once in the company during his life period.
2. A person must affix his passport size photograph along with identity proof in the application from which are mandatory.
3. The membership fee is Rs. 10/- for saving/recurring deposit account holder & Rs. 100/- for fixed deposit Holders.
4. Minor cannot be a member of the company.
5. The lunatics are also not eligible for membership in the company.
6. No person shall be eligible for loan against security without membership.
7. At the time of Maturity, the specimen signature of the member should be tailed.
8. If Any Member Cease His/Her Membership for Dcnl, He/She Can again resumed His/her Membership any time in future by Giving One Application
9. The applicant shall not be a member of another Nidhi / Mutual Benefit Company.
10. The applicant shall be of major, sound mind and eligible to enter into a contract or agreement.
11. The member shall not have been punished for any criminal offense by any court of law.
12. The member shall not be engaged with any other competitor of the company in any manner.
13. The member can transfer shares only after he/she/they have completed one year of the membership in the company.
14. In case of loss/transfer of Share Certificate the member have to pay Rs. 200/- for reissue of the Share Certificate.
15. The company reserves all the rights related to the refund/buyback of shares.
16. The membership of the applicant can be terminated by the company if any of the information provided by the applicant is found false/wrong and/or if the member does not comply with the terms and conditions of the company.
17. The Membership and Shareholding are also subject to the provisions of the Companies Act 2013, Nidhi Company Rules & Regulations and all other applicable rules and regulations in India.

B. SHARE HOLDERS CHARTER
Dcnl shareholders depend on the Board for strategic guidance and oversight of the Company. The Board recognises its responsibility to act honestly, fairly, and diligently, in accordance with the law, in serving the interests of Dcnl`s shareholders with shareholders being the focus of Dcnl`s strategy. Dcnl`s objective is to increase the value of shareholder investment through strong, steady growth in earnings and dividends over the long term. Dcnl responsibility towards its shareholders, formalised in the Shareholders’ Charter, is based on three commitments:

1. A company that has consideration and respect for all its shareholders
• equality of all shareholders: 1 share = 1 vote (no double-voting rights);
• restriction of resolutions proposed at Shareholders’ Meetings to genuine corporate requirements; and
• Clear and effective communication between the Board of Directors and Management.

2. A company that remunerates and increases investment value over the long term for its shareholders
• steady long-term growth in earnings; and
• strong dividend-pay-out policy.

3. A company that listens to and informs shareholders
• Frequent meetings with shareholders.
• Regular publication of information about the Company.
• Transparency and clarity of financial information published.
• Consistent and uniform accounting methods; and
• Information sent to all shareholders before meetings.

Principles
The following principles underpin the approach of Dcnl and the Board in serving the interests of shareholders:
Create value for Dcnl shareholders:
• Dcnl aims to deliver superior long-term total shareholder return; and
• Dcnl seeks to balance short and long-term objectives, and is focused on responding to the social and environmental issues inherent in our business decisions and operations to provide sustainable returns.

Deliver good corporate governance:
• Corporate governance is an important focus for the Board. Good corporate governance meets ethical and stewardship responsibilities, and Dcnl also believes it provides a strong commercial advantage.
• Metrofile seeks to be a leading organisation in the field of corporate governance by:

a. Taking an active and lead role in the corporate governance arena.
b. Embracing governance principles, it considers to be best practice; and
c. Where possible, adopting governance initiatives early, by complying before a published law or other requirement takes effect;

• In reviewing and implementing the governance structure within Dcnl, the Board’s approach is to adopt systems and procedures that make sense from a practical perspective and add value – the focus is on substance rather than a “tick the box” approach

Maintain clear and open communication with shareholders and ensure continuous disclosure to the market:
• To make informed decisions about Dcnl, and to communicate their views to the Company, shareholders need an understanding of the Company’s business operations and performance.
• Dcnl encourages shareholders to take an active interest in the Company. We seek to provide shareholders with quality information in a timely fashion through Dcnl`s reporting of results, the Company’s Integrated Report, announcements, and briefings to the market.
• Dcnl promotes electronic communications with its shareholders as we believe that communicating electronically provides a more timely, efficient, cost effective and environmentally conscious method for shareholders to access information.
• Dcnl strives for transparency in all its business practices. We recognise the impact of quality disclosure on the trust and confidence of the shareholder, the wider investor market and the community.

Make constructive use of shareholder meetings/presentations
• Dcnl facilitates shareholder involvement in general meetings of the Company
• Dcnl, where practicable, uses webcast technology to make it possible for shareholders to view meetings and presentations over the internet.
• Prior to the Annual General Meeting, Metrofile encourages shareholders to submit any questions they may have for the Chairman or Chief Executive Officer to enable key issues to be addressed.
• The external auditor is present at Annual General Meetings and available to answer shareholder questions. The auditor can respond on any business item that concerns them in their capacity as auditor.
• If shareholders are unable to attend a meeting they can and are encouraged to submit their proxies via post or electronically; and