By-laws
1. Name | : |
The Name of the Association will be
Metropolitan Cooperative Housing Resident’s Welfare Association |
2. Address | : |
Registered Office will be located at
C-9, 1st A
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3. Area of Jurisdiction | : |
The area of jurisdiction of the
Association will be the Whole M.C.H.S. Lay out.
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4. Working Hours | : |
Office of the Association will
normally work from
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5. Aims and Objectives | : |
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6. Memberships | : |
Membership is open to all adult
residents of the area mentioned above, who subscribe to the aims and
objectives of the association. |
7. First Managing Committee | : |
The names of the sponsors of the
Association who shall from the Firs Managing Committee is attached at
Appendix ‘A’ and the committee has elected the Chairman, Vice Chairman,
President and Treasurer (amended to President, Vice President, Hon. Secretary
and Hon'able Treasurer). |
8. Profits if any; or other incomes
earned shall be utilized solely for promoting the objects of the
Association. The payment of any
dividend of the distribution of any Income or profit among members is
strictly prohibited. |
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9. President, Secretary is authorized
to communicate and correspond on behalf of the Association. |
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10. Rules and Regulations : |
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11. General Body Meeting |
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The General Body Meeting of the Association shall be as per Karnataka Societies
Registration Act 1960. |
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12. Notice shall be given for convening the General body meeting as per provisions of Karnataka Societies Registration Act 1960. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
13. The quorum for the General Body Meeting shall be one of the members of the Association on the day of the meeting. Every member shall have one vote and the election is by show of hands and the results shall be declared by a simple majority of the votes obtained by each candidat4e. If within half an hour of the time fixed for the holding of the General Body Meeting, the quorum is not formed, then the meeting shall stand adjourned to the same day of the following week, at the same time and place. No quorum is necessary for the adjourned meeting. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
14. The following business shall be transacted at the annual General Body Meeting:
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15. Funds and Accounts | : |
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16. Alterations or amendments to the Memorandum of Association shall be made as per section 9 of the Karnataka Societies Registration Act 1960. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
17. Change of name, rules and regulations shall be made as per section 9 of the Karnataka Societies Registration Act 1960. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
18. If an amalgamation of the Association arises, section 21 of the Karnataka Societies Registration Act 1960 shall be followed. No amendment to the memorandum of association and rules and regulations shall be made which may prove to be repugnant to the provisions of section 1, 11, 12, 13 and 80 G of the I.T. Act 1961 as amended from time to time. Further no amendment shall be carried out without the prior permission of the Commissioner of Income Tax. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
19. In the event of dissolution of winding of the Association, the assets remaining as on the date dissolution shall under no circumstances be distributed among the members of the Managing Committee/governing body. The same shall be | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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20.
For all things and matters which have not been specifically provided for herein
above, the provisions of the Karnataka Societies Registration Act 1960 and
rules made under shall apply.
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