A. Funds & Assets (movable 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/her 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 to time.
Peata is considered as a Knowledge Bank consisting of high-tech practicing professionals in the Building Industry. Our association is known for its mature and rational approach in the corridors of M.C.G.M. and U.D. Department, which can be relied upon to give correct assessment of the policies and its effects.
