Professional Documents
Culture Documents
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may, from time to time, be determined and taking in consideration
the provision of the Income Tax Act 1961, as applicable.
11. To sell, improve, manage, alter, develop, exchange, lease or let under
lease, sublet, mortgage, dispose o , turn to account or otherwise
deal with all or any of the assets, lands, buildings, properties, rights
and undertakings of the Society in such manner and on such terms as
may be deemed it.
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13. To borrow or raise or secure the payment of money in such manner as
the Society shall think it and o er as security its property as may be
available for that purpose.
14. To acquire or undertake the whole or any part of any organisation, the
property of any person carrying on any activity which the Society is
authorised to carry on, and be possessed of property suitable for the
purpose of this Society.
15. To draw, make, accept, endorse, execute and issue promissory notes,
bills of exchange and other negotiable or transferable instruments. To
do all such other lawful things as are incidental or conducive to the
attainment and objectives of the Society.
17. No Member of the Society shall have any personal claim on any
movable or immovable properties of the Society or make any pro its,
whatsoever by virtue of this membership.
19. To do all such lawful acts and things as are conducive or incidental to
the attainment of the aforesaid objectives of Society.
21. To invest and/or reinvest the Society Fund in such activities, ventures
and to such extent as The Trustees may decide from time to time.
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22. To open Bank Accounts with such Scheduled Bank(s) or Bank(s) and
to operate such Bank Account(s) in such manner as the Trustees may
decide.
23. To raise or borrow money with or without security for the purpose of
society on such terms as to interest and securities as the Trustees
may consider it and for that purpose to charge, mortgage,
hypothecate, pledge, such property or properties and assets of
society as the said
Membership
Dissolution Clause : At the time of dissolution all the assets and liabilities
will be transferred to the other institute having similar objectives
The society or our organisation or society can apply for any CSR fund as
covered under Section 135 of the companies Act.