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[Legacy Report] Ammendments to Section By-Laws for income tax exemption.
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AGENDA:
Please find the Agenda for meeting to amend IEEE Hyderabad Section By-laws for Income Tax exemption as below.
Given the nature of the discussion tomorrow, we are inviting the audior to clarify any doubts/issues/concerns raised by the members with respect to the Section by-laws and the statutory guidelines.
1. Issues related to Registrar of Societies
a. Section is registered under in 1993.
b. For last 17 years we have not filed the following with Registrar of Societies:
i. Section Executive Committees that get elected annually.
ii. Annual Secretary reports
iii. Annual Balance Sheet.
iv. Rs100/- that is the registration fees for the society etc.,
c. Section byelaws as per registrar of societies act are enclosed as SectionByelaws_1993.
d. Section byelaws as followed by section (as of date) are enclosed in as SectionByelaws. These byelaws are not filed with Registrar of Societies.
e. Do we replace the 1993 bye laws or do we add some parts to these bye laws. Both these options are possible.
f. File for amendment of section bye laws including clauses for income tax exemption.
g. We need to file the list of SEC members since 1993 (have a partial list).
h. List of SEC members currently in office ( with us)
2. Amendment issues related to Section Bye laws for Income tax exemption:
a. Complete the issues with Registrar of societies first.
b. Approach income tax authorities subsequently.
c. Amendment of section bye laws to include the following two clauses:
i) Provison to the effect that no addition, alteration
and amendment in the Objectives shall be made without the prior approval of the Director of Incometax (Exemptions) Hyderabad.
ii) Provison to the effect that in case of Dissolution the Trust properties shall be transferred/handed over to a trust having similar aims and objects and also registered u/s 12A of the I.T Act
3. Review of IEEE Bye laws related to Section funds, dissolution of Section etc.,
4.Any other points with permission from Chair.
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