MEMORANDUM OF ASSOCIATION

(Constitution)

In order to achieve its object, the Institute (company) shall exercise the following powers:

1. To appeal, solicit or accept contributions, donations, grants and gifts, in cash or in kind, from lawful sources and to apply the same or income thereof for the objects of the company.
2. To open and operate bank accounts in the name of the company and to draw, make, accept, endorse, execute and issue promissory notes, bills, cheques and other instruments.

3. To acquire, alter, improve, charge, take on lease, exchange, hire, sell, let or otherwise dispose of any movable or immovable property and any rights and privileges whatsoever for any of the objects or purposes specified herein above. Provided that the company shall not undertake the business of real estate or housing schemes.

4. To borrow or raise money, with or without security, required for the purposes of the company upon such terms and in such manner as may be determined by the company for the promotion of its objects.

5. To mortgage the assets of the company and / or render guarantee for the performance of any contract made, discharge of any obligation incurred or repayment of any moneys borrowed by the company.

6. To purchase, sell, exchange, take on lease, hire or otherwise acquire lands, construct, maintain or alter any building and any other moveable or immovable properties or any right or privileges necessary or convenient for the use and purposes of the company.

7. To nominate delegates and advisors to represent the company at conferences, government bodies and other gatherings.

8. To co-operate with other charitable trusts, societies, associations, institutions or companies formed for all or any of these objects and statutory authors as operating for similar purposes and to exchange information and advice with them.

9. To pay out of the funds of the company the costs, charges and expenses of and incidental to the formation and registration of the company.

10. To invest the surplus moneys of the company not immediately required, in such a manner as may from time to time be determined by the company.

11. To create, establish, administer and manage funds including endowment fund conducive for the promotion of the objects of the company.

12. To enter into agreements, contracts and arrangements with organizations, institutions, bodies and individuals for the purpose of carrying out the functions and activities of the company.

13. To take such actions as are considered necessary to raise the status or to promote the efficiency of the company.

14. To conduct, hold and arrange symposia, seminars, conferences, lectures, workshops and dialogue and to print, publish and prepare journals, magazines, books, circulars, reports, catalogues and other works relating to any of the objects of or to the work done by the company, subject to the permission, if required of the relevant authorities.

15. To do all other such lawful acts and things as are incidental or conducive to the attainment of the above objects or any one of them.

 

 

ARTICLES

(Rules & Regulations)

The Institute (company) has layed down following qualification and disqualification conditions of membership subject to which any person or class of persons shall be admitted to the membership of the Institute:

MEMBERSHIP QUALIFICATION:

1. The application for seeking membership of the company shall be required to be seconded by an existing member, whereupon the board of directors shall decide the matter of his admission as member or otherwise within ninety days of making such application. No minor or lunatic shall be admitted as a member of the company.

2. Every person, upon applying for admission to membership, shall sign an undertaking that he will, if admitted, so long as he is a member, duly observe the Articles of the company for the time being in force.

3. The board shall, subject to the Articles, accept or reject any application for admission to membership. The board’s decision shall be final and it shall not be liable to give any reasons thereof.

DISQUALIFICATION FROM MEMBERSHIP:

1. A member renders himself liable to expulsion or suspension by the board if:

   (a) he refuses or neglects to give effect to any decision of the board; or
   (b) he infringes any of the regulations of the articles; or
   (c) he is declared by a court of competent jurisdiction to have committed a fraud, or to be bankrupt, or to be insane or otherwise incompetent; or
   (d) he is held by the Committee of the company to have been guilty of any act discreditable to a member of the company; or
   (e) he is acting or is threatening to act in a manner prejudicial to the objects, interest, or functioning of the company or any other institute, body corporate, society, association, or institution in which the company has an interest.
2. The Institute (company) in general meeting may, on an appeal of the aggrieved member and after giving an opportunity of hearing, annul or modify the decision of the board with regard to expulsion of the member by resolution supported by two-thirds majority. The person expelled shall be reinstated as a member from the date of the resolution of the general meeting annulling the decision of the board.
3. Termination of membership shall occur automatically:

(a) in the event of the death of a member; and
(b) in the event a member fails to pay any amount due by him to the company within three (3) months after such obligation has become due.

POWERS AND DUTIES OF THE OFFICE BEARERS

PRESIDENT:

1. 1. 1. 1. He/She will supervise all the matters of the Institute in accordance with policies and procedures approved by the BOD.
         2. All the meetings of the BOD and executive committee will be presided over by the President.
         3. He/She can call or adjourn any meeting according to the situation.
         4. He/She can cast additional vote in case of equal votes on passing any resolution.
         5. He/She will be empowered to check accounts, sign accounts, books and other important papers.
         6. He/She can appoint or dismiss any staff member or employee of the Institute.
         7. All the office bearers are bound to advance full cooperation to President in running the affairs of the institute.

VICE PRESIDENT – EXECUTIVE

He/She will be responsible;

1. 1. 1. 1. To keep the operational and legal record of the Institute in the safe custody.
         2. To record the minutes of the meetings of the BOD and executive committee.
         3. To prepare the agenda of the meetings in consultation with President and to circulate.
         4. To manage the collection of funds, subscription and grants from the public to meet the expenses of the Institute.
         5. To make arrangement for annual audit of the accounts of the institute and its approval by the BOD.
         6. To ensure the compliance of all legal and regulatory requirements by the Institute.
         7. To perform all the duties/tasks assigned by the President or executive body.

Finance

Following are the sources of finance:

1. 1. 1. 1. Subscription Fee / Admission Fee
         2. Examination Fee / Tuition Fee
         3. Grants
         4. Gifts
         5. Donations
         6. Projects

Annual Accounts

The directors shall, as required by section 223 of the Act, cause to be prepared and to be laid before the company in annual general meeting such financial statements duly audited, together with reports of the auditors and the directors as are required under the Act.

Audit

Auditors shall be appointed and their duties regulated in accordance with Sections 246 to 249 of the Act.

POWER TO MAKE BYE- LAWS

The BOD may make bye-laws not inconsistent with the Institute’s constitution and these articles to smoothly conduct the affairs of the Institute, and a copy of such bye-laws shall be made available to the members of the institute for comments before their finalisation.

POWER TO ISSUE DIRECTIVES

The BOD may issue directives not inconsistent with the Institute’s constitution, these articles and the bye-laws issued thereunder and a copy of such directives shall be sent to each member.

In particular, and without prejudice to the generality of the foregoing, such directives may provide for all or any of the following matters:

1. 1. 1. 1. any fees payable to the Institute by a member, student or any other person;
         2. the conditions under which any qualifications may be recognized;
         3. information requiring publication and the time duration and mode of such publication;
         4. the exercise of disciplinary powers by the institute over its employees, members and students;
         5. code of ethics for members and students; and
         6. any other matter necessary or conducive for the advancement of the objects of the Institute not inconsistent with anything mentioned in the Institute’s constitution, these articles and any bye-laws issued hereunder.