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2. Since the opening of the Society in Jan’99, a galaxy of Corporate, CEOs, ex CEOs, Directors, GMs, Managers and Professionals from Civil and Defence forces of the country have joined the Society. Our 104 Corporate Members include the major helicopter manufacturers in the world. In addition, we have over 667 rotary wing aviation professionals as Life Members who have made major contributions to Indian civil & military aviation. By leveraging their expertise and talent, RWSI is dedicated to the promotion of helicopter as a safe, effective method of commerce and to the advancement of Helicopter Industry. Management Management and Finance The Governing Council shall also establish and prescribe policies, bye-laws, rules, procedures and guidelines, as appropriate, for: (a) the conduct and regulation of the business of the Society, in particular with regard to the preparation and approval of budget estimates, sanctioning of expenditure, extension of loans and making of grants, entering into contracts, and investing the funds of the Society; (b) the acceptance and management of any endowment, fund, trust, subscription, or other donation which may be offered to the Society; (c) the recruitment, terms and conditions of service, and career development of the staff of the Society; (d) the election or nomination of persons to the Governing Council and the committees and advisory bodies of the Society. Performance Review The Governing Council shall monitor the performance of the Society and present its comments on the President’s report on the Society’s activities and on the Auditor’s report to the General Assembly. Delegation of Powers to the President The Governing Council may delegate to the President such of its powers for the conduct of the activities of the Society as it may deem fit. The President shall, every four months, submit to the Governing Council a report on the exercise of the powers thus delegated. Sessions of the Governing Council Normally, three sessions of the Governing Council shall be held every year, under the chairmanship of the President. The decisions of the Governing Council shall be adopted by a majority of the members present and voting. Calling of Sessions of the Governing Council The President may at any time, and if required by three of its members shall, call a meeting of the Governing Council. Adoption of Decisions by Correspondence A decision may be adopted by the Governing Council by circulation of the proposal by mail or otherwise among its members, and any proposal so circulated and approved in writing by a majority of the members shall be as effectual and binding as if it had been adopted at a session of the Governing Council. OFFICERS AND STAFF OF THE SOCIETY The President (a) The President shall be the Chief Executive Officer of the Society and, under the direction and guidance of the Governing Council, and exercising the powers delegated to him by the Governing Council as provided for in Rule 56, shall be responsible for the conduct and management of the affairs of the Society. (b) Except as provided for in subparagraph (d) below for the first incumbent, the President shall be elected for a term of three years by the Governing Council from among its members, by a two thirds majority of the members present and voting. The President shall be eligible for reappointment. (c) Should the President cease to hold office before the expiration of his term, the vacancy shall be filled for the un-expired portion in accordance with the procedure laid down in subparagraph (b) above. (d) The first signatory of the Memorandum of Association, Air Vice Marshal (Retd) K. Sridharan, shall serve for the first three years as the President of the Society. Other Office-bearers of the Society (a) The Society shall have a Secretary General and a Treasurer, and such office-bearers as the Governing Council may from time to time nominate. (b) The Secretary General shall deal with the correspondence with members of the Society, issue notices convening all meetings and sessions of the General Assembly and Governing Council and shall be responsible for keeping minutes of all such meetings and for the preservation of the records of their proceedings, and shall perform any other duties entrusted to him by the President. (c) The Treasurer shall be responsible for maintaining the financial accounts of the Society to ensure that proper books of account of all monies received and paid by the Society are written up, preserved and available for inspection, and shall perform such other duties as the President may assign to him. (d) The Secretary General, the Treasurer and the other office-bearers of the Society shall be nominated by the Governing Council annually on such terms and conditions as it may determine. Staff of the Society The President shall, within the guidelines adopted by the Governing Council under Rule 54(c), appoint or terminate such staff as may, or may no longer, be required to assist him in managing the affairs of the Society, and he may delegate to them part of his authority and powers as appropriate. FINANCIAL RESOURCES OF THE SOCIETY Revenues The financial resources of the Society shall consist of the following: (a) membership dues prescribed by the Society; (b) income from the sale of the Society’s products and services; (c) income from investments; (d) grants made by the Government of India or any State Government or public authority; (e) grants made by Governments and organisations in other countries or by international agencies; (f) income, receipts, donations and contributions from other sources. Financial Year The financial year of the Society shall be from 1st April to 31st March. Bankers The Society shall maintain its financial accounts with Scheduled Banks, and shall operate those accounts according to the procedures laid down, within the provisions of the Societies Registration Act, by the Governing Council. In particular, the Society shall maintain one main account which will be operated by two signatories, and one or more imprest type accounts which may be operated by one signatory, as may be specifically authorised by the President. Auditors The accounts of the Society shall be audited annually by qualified auditors appointed by the Governing Council. GENERAL Annual Report An annual report of the proceedings of the Society and of the work undertaken during the year shall be prepared by the President and after approval of the Governing Council shall be laid before the members of the Society at the General Assembly. Registered Office of the Society The registered office of the Society shall be situated at A 2/51, Azad Apartments, New Delhi - 110016, or at such other place as the Governing Council may from time to time appoint. Service Notices A notice may be served upon any member of the Society either personally or through the post in an envelope addressed to such member at the address recorded in the roll of members. Any notice so served by post shall be deemed to have been served on the day following that on which the letter, envelope or wrapper containing the notice is posted. To prove such service, it shall be sufficient to establish that the cover containing such notice was properly addressed and delivered to the post office. Change of Name or Purposes of the Society Any kind of amendment, alteration, extension or abridgement of the purposes (aims and objects) or change in the name of the Society shall be made as per the provisions of Sections 12 and 1(A) of the Societies Registration Act of 1860, as applicable to the Union Territory of Delhi. Amendment of the Rules Any of the preceding rules of the Society may be amended or altered by the Governing Council, but such amendments shall cease to be operative if not confirmed at the next General Assembly. Dissolution of the Society By a vote of not less than three-fifths of the members of the Society, a meeting of the General Assembly may determine that the Society shall be dissolved, and thereupon with the consent of the Registrar of Societies, it shall be dissolved forthwith or at the time then agreed upon, and all necessary steps shall be taken for the disposal and settlement of the property of the Society, its claims and liabilities. If, upon the dissolution of the Society, there shall remain, after the satisfaction of all its debts and liabilities, any surplus property whatsoever, the same shall not be paid to or distributed among the members of the Society or to any of them, or any persons claiming through them, but shall be given to such trusts, societies, or other institutions having a similar mission and objectives as shall be determined by the Governing Council. Validity of Actions No act or proceedings of the Society or its Governing Council shall be deemed to be invalid by reason merely of any vacancy or defect in the Constitution of the Society or the Governing Council as the case may be. Lawfulness of Rules Any of these rules that are inconsistent with the Societies Registration Act of 1860 (as amended by the Punjab Amendment Act of 1957), and as extended to the Union Territory of Delhi, shall be deemed to be inoperative. Registration A list of the members of the Governing Council containing their names, addresses, occupations and designations shall be filed annually in the Office of the Registrar of Societies in accordance with Section 4 of the Societies Registration Act. Legal Suits The Society may sue or be sued in the name of the Secretary as per the provisions laid down under Section 6 of the Societies Registration Act of 1860, as applicable to the Union Territory of Delhi. Application of the Act All the provisions under all the sections of the Societies Registration Act of 1860, as applicable to the Union Territory of Delhi, shall apply to this Society.
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