INCOME
Income of the association shall include:
- Subscription and fee received from members
- Donations and grants.
- The income arising out of scientific or cultural events organised by the association.
- Miscellaneous
FINANCE, ACCOUNTS AND AUDIT
- The accounting year of the association shall end on 31st of march each year.
- All funds and assets shall be held in the name of the association.
- Bank accounts shall be opened in the nationalised bank and should be operated jointly by the president , secretary, and treasurer as signatories.
- The treasurer should keep proper accounts of all income and expenditure on behalf of the association.
- The accounts of the association shall be audited by a chartered accountant appointed by the general body keeping in consideration the taxation and related regulations of the government prevailing in that year.
- The incumbent president shall submit the proposed budget for the coming year for discussion in the annual general body meeting for its approval.
- The past treasurer shall present the audited account of the year ended immediate last for approval.
- No member shall keep with him the collected money of the association for more than one month in cash. The cash in hand shall be deposited in the bank latest by the end of the following month of the accounting year
