Rules & Regulations

Rules & Regulations

Clause 1 – Name and Office

The name of the Association shall be “Abacus Association.”

The registered office of the Association shall be situated in the State of Maharashtra.

Clause 2 – Membership

Any individual, irrespective of caste, religion, or gender, who is interested in the objectives of the Association, may apply for membership.
The authority to grant membership shall rest with the Managing Committee.
Applicants must submit the prescribed application form along with necessary documents and membership fees. (1000/- Annually)
Membership may be terminated if a member violates the rules and regulations of the Association.

Clause 3 – Rights and Duties of Members

Every member shall have the right to attend, participate in discussions, and vote in the General Body meetings.
It shall be the duty of every member to work towards achieving the objectives of the Association, follow the rules, and pay membership fees on time.
Participation in national and international level competitions organized by the Association shall be mandatory for all members.

Clause 4 – Types of Membership

Founder Members – Members who were involved at the time of establishment of the Association.
Ordinary Members – Members who join after the formation of the Association.
Honorary Members – Individuals granted honorary membership by the Association for their special contributions.

Clause 5 – General Body

The General Body meeting shall be held at least once every year.
The annual report, financial statements, elections, and important resolutions shall be presented in this meeting.
The General Body shall have the authority to approve or reject the decisions of the Managing Committee.

Clause 6 – Managing Committee

The Committee shall consist of a President, Vice-President, Secretary, Joint Secretary, Treasurer, and 3 to 7 elected members.
The Committee shall manage the day-to-day affairs of the Association.
The Committee shall be elected every 5 years through voting.
The Committee shall have authority over financial transactions, program organization, staff appointments, and other administrative matters.
Any member desirous of becoming a part of the Managing Committee must have completed a minimum of three (3) years of continuous membership in the Association.

Clause 7 – Financial Matters

The funds of the Association shall be used solely for educational, social, and objective-related activities.
The Treasurer shall maintain proper accounts and present audited financial statements annually.
All expenses shall be made only with the joint signatures of the President/Secretary and the Treasurer.

Clause 8 – Meetings and Quorum

At least one-third (1/3) of the total members shall constitute the quorum for a General Body meeting.
At least 50% of the Managing Committee members shall constitute the quorum for Committee meetings.
Resolutions shall be passed by majority vote.

Clause 9 – Amendment

The General Body shall have the authority to amend or modify the Rules and Regulations.
Any amendment must be approved by a two-thirds (2/3) majority.

Clause 10 – Dissolution

In the event of dissolution of the Association, the remaining assets shall not be distributed among the members.
Such assets shall be transferred to another registered educational or social institution.