Funds & Assets (Moveable
and / or immovable) of the Association shall always vest in
the name of the association.
B. All the money shall be kept in Schedule
Bank / Govt. Securities in the name of Association. The bank
account or such account shall be operated by any two-office
bearers, provided that one of them, shall always be the President.
In the event of the President being away for a longer period
of time he may delegate the power to operate the account to
any member of the executive Committee during his absence.
C. Funds and Assets shall comprise of the
subscription paid by the members and funds raised by other
means which may be decided, initiated and executed by the
Executive Committee from time to time.
D. The Executive Committee if circumstances
permit may create a reserve fund of suitable size from time