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Sources of Income


Sources of income of the Association are:
  • Admission Fee
  • Membership subscription
  • Donations & special Contributions

All the income of the Association shall be utilized only for the promotion and upliftment of the Aims & Objects of the Association.

Financial Year


Financial year of the Association shall be from 1st April to 31st March next year.

Management of Funds & Acounts


The Governing Council shall cause proper books of account to be kept with respect to:

  • The assets & liabilities of the Association;
  • All sums of money received and expended by the Association and the matters in respect of which such receipts and expenditure take place; and
  • All sales and purchases by the Association

Bank accounts shall be operated by joint signatures of any two of the following:

  • President
  • Honorary Secretary
  • Honorary Treasurer
  • Authorized signatory identified by the Governing Council

The books of account shall always be open to inspection by members of the Governing Council.

The annual accounts of the Association together with the Auditor’s Report Shall be laid before the Governing Body at the Annual General Meeting immediately following the close of the financial year.

Audit


The accounts of the Association shall be audited by a qualified chartered accountant every year

The Annual General Meeting shall appoint Auditors of the Association for the ensuing year and fix the terms and conditions of their appointment.

Once at least in every year the accounts of the Association shall be examined and the correctness of the income and expenditure account and Balance Sheet ascertained by the Auditors.

Annual List Of Governing Council


Once in every year a list of the office bearers and the Governing Council members shall be filed in the office of the Registrar of Societies as specified under Section 6 of the Societies Registration Act, 1860.

Publications


The Governing Council may cause to be published an official publication of the Association, which, as and when published, shall be sent to each member who is not in arrears of membership subscription. The contents and frequency of publication may be specified by the Governing Council.

The Governing Council may cause to be published an official Member Directory of the Association. The contents and frequency of publication of the Directory shall be specified by the Governing Council

Regional Centres


The Governing Council may, if considered expedient, establish Regional Centres of the Association named after a territory, district or town in which it is formed.

The Governing Council shall specify the norms for the establishment and running of the Regional Centres.

No Regional Centre of the Association shall be formed except by a resolution of the Governing Council.

Each Regional Centre shall be managed by a committee consisting of a Chairman who shall be a Fellow of the Association and at least five other Corporate Members of the Association in the geographical boundary of the Centre.

All members, corporate or non-corporate, of the Association resident within the area covered by a Regional Centre shall, ipso facto be members of that Centre.

No Regional Centre shall charge an admission fee or subscription, nor shall require the submission of any form of application for membership of the Centre.

Notices


A notice may be served by the Association upon any member, either personally or sending it by posting a prepaid letter addressed to such member at his/her registered address as appearing in the register of members.

A notice served by post shall be deemed to have been effectively served not later than 48 hours after the same shall has been posted, and shall be sufficient proof that the notice has been served.

Twenty-one days notice shall be given in writing of every Annual General Meeting and Extraordinary General Meeting (exclusive both of the day on which the notice is given and of the day fixed for the meeting) specifying the place, date and time of the meeting, to every Corporate Member on the register of members.

The accidental omission to give notice of a meeting to, or non-receipt of such notice by any member shall not invalidate any resolution passed at the meeting or proceedings of such meeting.



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