MEMORANDUM OF ASSOCIATION OF SAKET PARISAR ADVANCED LOCALITY MANAGEMENT (ALM)

SAKET PARISARADVANCED LOCALITY MANAGEMENT (ALM)
MEMORANDUM
OF ASSOCIATION
MEMORANDUM OF ASSOCIATION OFSAKET PARISAR ADVANCED LOCALITY MANAGEMENT (ALM)
SAKET PARISAR ADVANCED LOCALITY MANAGEMENT
NAME
1.This organisationshall be called SAKET PARISAR ADVANCED LOCALITY MANAGEMENT (ALM)
2.The registered office of the Company will be located at A 7/303, SaketCHSL, SwatantraveerSavarkarMarg, Thane (W) 400601.
OBJECTS
SAKET PARISAR ADVANCED LOCALITY MANAGEMENT
The objects for which the Society is established are :
3.1 To promote and manage the problems and seek effective solutions of the SaketParisarlocality.
3.2 To represent to the Thane Municipal Corporation and other Government and Semi-Govt. bodies the issues related to civic, social and educational and cultural matters of the SaketParisar.
3.3 To promote science, literature, or the fine arts, for instruction, the diffusion of useful knowledge, the diffusion of political education, the foundation or maintenance of libraries or reading rooms for general use among the members or open to the public, or public museums and galleries of paintings and other works of art, collection of natural history, mechanical and philosophical inventions, instruments or designs.’
3.4 To promote better management of the SaketParisarLocality
3.5 To enter into any affiliation or promotion with any other Society having objects similar to those of the Association.
OBJECTS
SAKET PARISAR ADVANCED LOCALITY MANAGEMENT
3.6 To develop standards in matters affecting the interests of the residents of SaketComplex in particular and Thane in general.
3.7 To develop and adopt rules, regulations, guidelines and by-laws for the regulation of the Society and of its members and employees.
3.8 To participate in any Public –Private Partnership program of the Thane Municipal Corporation or any other government or semi-government bodies for the betterment of the SaketParisarlocality.
3.9 To print and publish newspapers, periodicals, books, advertisements, programs and leaflets that the Society considers desirable for the promotion of its objects.
3.10 To establish and conduct relevant educational and social activities for members.
3.11 To establish and enforce the standards required for membership of the Association.
OBJECTS
SAKET PARISAR ADVANCED LOCALITY MANAGEMENT
3.12 To employ staff on a salary or contractual basis and to remove or suspend any staff thereof.
3.13 To purchase, take on lease or licence, hire or otherwise acquire and maintain real or property of any kind in furtherance of the objects of the Society and to dispose of property of any nature by any means deemed appropriate.
3.14 To take such lawful steps by personal or written appeals, public meetings or other means as are necessary for the purpose of obtaining contributions to the funds of the Society through donations, lifetime and / or annual subscriptions or otherwise.
3.15 The income and property of the Society shall be applied solely towards the promotion of the objects of the Society as set forth in this Memorandum of Association. No portion thereof shall be paid or transferred directly or indirectly by way of dividend, bonus or otherwise by way of profit to the members of the Association.
3.16 In return for services rendered nothing shall prevent the payment in good faith of remuneration to a member or employee of the Society or the payment of reasonable and proper rent for premises demised or let by a member of the Association.
3. 17 The liability of the members is limited.
OBJECTS
SAKET PARISAR ADVANCED LOCALITY MANAGEMENT
3.18 There shall be 2 types of membership of the Society –Life Membership and Nominal Membership.
3.19 The charges for Life Membership and Nominal Membership shall be as per fixed by the Governing Council from time to time.
3.20 Only Life Members shall be eligible to hold office in the Governing Council and shall have voting rights. Nominal Members shall have no voting rights and cannot be eligible to work on the Governing council.
3.21 Every life member of the Society undertakes to contribute to the assets of the Society in the event of it being wound up during the time they are a member or within one year afterwards for payment of the debts and liabilities of the Society contracted before the time at which they ceased to be a member. The costs, charges and expenses of winding the Society up and for the adjustment of the rights of the contributories amongst themselves shall be such amount as may berequired, not exceeding Rs. 2000/-.
3.22 If upon the winding up or dissolution of the Society there remains, after satisfaction of all its debts and liabilities, any property / cash , it shall not be paid to or distributed amongst the life members of the Association. It shall be given or transferred to some other institution or institutions having objects similar to the objects of the Association.
OBJECTS
SAKET PARISAR ADVANCED LOCALITY MANAGEMENT
3.23 True accounts shall be kept of the sums of money received and expended by the Society and the matter in respect of which such receipt and expenditure takes place and of property, credits and liabilities of the Association. The accounts shall be open to the inspection of the members and examined for correctness by a qualified auditor or auditors at least annually.
3.24 No addition, alteration or amendment shall be made to or in the regulations contained in the Articles of Society for the time being in force unless previously submitted to and approved of by the concerned authorities.
The institutions shall prohibit the distribution of its or their income and property among its or their members to an extent at least as great as is imposed on the Society or to a charitable object. This shall be decided by a membership vote.
The Names and addresses of the Managing Committee
SAKET PARISAR ADVANCED LOCALITY MANAGEMENT
1.Mr. ShasiNair, B1/203, SaketCHSL, SVS Marg, Thane (W) 400601, 54 yrs, Indian Citizen, Service, Chairman.
2.Mr. DayanandNene, A7/303, SaketCHSL, SVS Marg, Thane (W), 400601, 51 yrs, Indian Citizen, Business, Hon. Secretary.
3.Mr. G M Bedekar, A2/301, SaketCHSL, SVS Marg, Thane(W) 400601, 41 yrs., Indian Citizen, Business, Treasurer
The Names and addresses of the Managing Committee
SAKET PARISAR ADVANCED LOCALITY MANAGEMENT
4. Mr. HemantHajare, A4/304, SaketCHSL, SVS Marg, Thane (W) 400601, 49 yrs, Indian Citizen, Business, Member
5. Mr. DilipKankale, B8/402, SaketCHSL, SVS Marg, Thane(W) 400601, 40 yrs, Indian Citizen, Business, Member
6. Mrs. RekhaRawal, B10/401, SaketCHSL, SVS Marg, Thane (W), 400601, 48 yrs, Indian Citizen, Business, Member
7. Mrs. AditiNene, A7/303, SaketCHSL, SVS Marg, Thane (W), 400601, 48 yrs, Indian Citizen, House Wife, Member.

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