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Financial Affairs
Financial year of the society shall be from Jan 1st to Dec 31
Funds of the society shall be kept in scheduled bank approved by the Governing council
The account shall be operated under the joint signature of the finance secretary and the president or general secretary
At least once a year the account shall be placed before the governing council and once every two years for final adoption by the general body of the society.
Shall receive income from journal and other publication of the society and any other source authorized by the Governing Council.
The bank account and movable assets shall stand transferred to the newly elected Governing Council in ration of 20% to 80% between center and organizing chapter respectively.
Reserved Funds
There shall be a reserved fund of the society at least 20% of the surplus funds of the national body and 50% of the surplus funds from the journal each year shall be credited to this fund in the following year. The reserved fund shall only be drawn upon by special resolution in a meeting of the Governing Council, the notice of which shall have been duly circulated and in which 3/4 of the members present vote in favor of the resolution.
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