General meeting of association or society - NEPAL MONETARY SOLUTIONS (NMS)

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Friday, March 28, 2014

General meeting of association or society

General meeting (Introduction)

(1) Every association or society shall have its one general meeting.

(2) All members of an association shall be members of the general meeting of the association.

(3) The general meeting of a society shall consist of such members as mentioned in the Bye-law.

Functions, duties, and powers of general meeting
The functions, duties, and powers of the general meeting shall be as follows:
(a) To examine and endorse annual accounts of the association or society.

(b) To elect the board of directors and the accounts committee and make the decision on removing any director or dissolving the board.

(c) To discuss the reports of the board of directors and the accounts committee and give necessary directives.

(d) To make the decision on the amendment to the Bye-law.

(e) To make the decision on the division of the association or society or on its unification with another association or society or on its liquidation.

Meetings of general meeting
(1) Every association or society has to convene its preliminary general meeting within three months after the date of its registration.

(2) Every association or society has to convene its annual general meeting
within six months after the expiration of every fiscal year.

(3) The extraordinary general meeting of an association or society may be
convened in such circumstances as prescribed.

(4) The quorum for a meeting of the general meeting shall be as prescribed. Provided that, the presence of fifty-one percent members of the total number of members of the general meeting shall be required while making the amendment to the Bye-law.

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