U Y I R

RULES AND REGULATION

1. Membership:  Any person shall be eligible to become an ordinary member of the Society provided that a person agrees to abide by the Rules and Regulations of the Society and shall prefer to pay entry fees and yearly membership fees which will be levied from time to time. The approval of the Directors committee is necessary, for admission as member and an advance of Rs.300/- should be paid as membership fee. An yearly subscription of Rs.300/- will be collected for the welfare funding by the Society. All the members shall pay yearly subscription before April every year. If not so, such member shall pay it as soon as possible.

2. Directors Committee: The Directors Committee is fixed and any ordinary member may be added in or out of the Directors committee by its lead members.

2.1 The directors committee contains the executive members of the Society.

2.2. The decision by the Directors Committee stands final in the case of fund allocation for any welfare activity done by the Society.

2.3. The Directors committee shall have the power to modify or amend or cancel any of these rules and regulations, subject to the provision of the societies Registration Act XX1 of 1860.

 3. FUNDS: The funds collected, if necessary shall be deposited in Bank authorized by the committee, on the name of the committee, Any withdrawls of money, shall be made by the Directors committee with approval of the committee. In no way the funds of the Association would be mis-managed or misused.

4.1. Accounts: The accounts shall be audited by a qualified chartered accountant and the annual report sent to every member.

4.2. Benefits of Society:  The benefits of the Society shall be open to all irrespective of caste, creed, religion and sex etc.

4.3. No Profit Motive:  The Society shall not carry on any activity with the object of earning a profit.

5. DISSOLUTION:  In the event of the dissolution of the Society, the funds remaining after the discharge of all its liabilities shall be transferred to another Society having similar objects and registered with the commissioner of the Income Tax u/s 12A and u/s 80G of the Income Tax Act.