Funds & Audit

Income Clause :

All the income, earnings, movable, immovable properties of the “Association” shall be solely utilized and applied towards the promotion of the aims and objectives only as set forth in the memorandum of Association and no profit on therefore shall be paid or transferred directly or indirectly by way of dividends, bonus, profits or in any many manner; whatsoever to the present or past members of the Association or to any person claiming through any one or more of the present or the past members. No members of the Association shall have any personal claim on any movable or immovable properties of the Association or make any profit, whatsoever, by virtue of his membership.

Management of Funds :
All the income of the Association shall be deposited in the local bank.

Audit :
The accounts of the Association shall be audited at least once a year .

Financial year :
The financial year of the Association shall start from the 1st day of January to 31st day of December every year.