BPCL Kochi Refinery Employee’s Co-operative Credit Society Limited, No.E-213 is registered on 10.11.1965 as a Co-operative Society under the Travancore -Cochin Co-operative Societies Act 1951 (Act X of 1952) and commenced on 29.11.1965. Its operation shall be confined to BPCL Kochi Refinery, Cochin Refineries Educational Aid Society School and BPCL Employees’ Co-operative Society Limited No-E226.
The rights and responsibilities of "B" and "C" class members are restricted only to operate deposit and to avail loans from fixed deposits. These members have no other rights such as to attend the general body meeting, to contest in the election to the board of directors, to receive any reports or dividend or any other rights enjoyed by BPCL Kochi Refinery, Cochin Refineries Educational Aid Society School and BPCL Employees' Co-operative Society Limited No.E-226.
No member shall be permitted to transfer his shares or create a charge in respect of the same in favour of another member except with the sanction of the Board of Directors. Transfer of shares shall not be effected before the lapse of one year of taking of such shares.