Modus Operandi - NEPAL MONETARY SOLUTIONS (NMS)

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Friday, March 28, 2014

Modus Operandi

Modus Operandi

Bye-law
(1) An association or society may, subject to this Act and the Rules framed under this Act, make a Bye-law for the operation of its business. The Bye-law so made shall come into force after having been approved by the Registrar.

(2) Every association or society shall be operated and managed in accordance with the Bye-law of that association or society.

(3) The Bye-law has to set out the name, address, jurisdiction/domain, objectives, modus operandi of the association or society and such other details as may be prescribed.

(4) The Bye-law may be amended by a two-thirds majority of the members present at the general meeting of the concerned association or society.

(5) The Bye-law amended pursuant to Sub-section (4) shall come into force after having been approved by the Registrar.

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