Ideally one name of your choice would suffice. But we ask for at least four in order to ensure
you have alternatives in case your first choice already exists with the registrar of companies.
All operational matters are well addressed in the by-laws. It captures all aspects from
administration, periodic remittances, fines to members that default and distribution of roles
among other things. For day to day operations, we encourage clubs to appoint administrators
including Chairperson, Secretary and Treasurer, among others.
Yes, it can be opened as a company where members buy shares.
Yes, they must. It’s what defines them as members of the club and its legally binding.
Governance of an investment club is key to its long term survival. We encourage investment
Clubs to formulate a set of rules and regulations (called “by- laws”) which are mutually agreed
by all members. dfcu Bank has developed a generic set of by-laws that cover most of the
areas of interest for any investment club. It is available at all dfcu branches at no cost.
However, members are encouraged to amend it to suit the clubs’ specific needs, preferably
with the advice of a lawyer.
You don’t have to look far from your social circles; workmates, peers, friends and family
members, are often some of the best circles to consider when starting an investment club.
This ensures that the ties that bind the partners are deeper than just business.
The minimum balance is UGX. 50,000.
A dfcu investment club can be started by a minimum of four people, with the same business
Goals/aspirations. That is very important in maintaining the focus as the group forges ahead.