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25. DISSOLUTION

  • The Association shall not be dissolved unless decided upto by a resolution passed in General Body (Council) Meeting convened particularly for the purpose by a majority of three-fourth of its members present and entitled to vote. At least 30 days clear notice should be given for such meetings alongwith a copy of the Resolution pertaining thereto.
  • In the event of dissolution of the society, the entire Society funds shall be realized and first be used for payment of liabilities of the Society. The assets left it any, shall be disbursed, after obtaining prior approval of Commissioner of Income Tax (Exemption) New Delhi, to other Society having similar objectives and who have been granted registration u/s 122 AA of the Income Tax Act, 1961. In no circumstances it shall be distributed in any manner, to any member of the Board of Society or their relatives or related concerns.

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