Regulation No. 7 of 2013
Engineers Association Social Responsibility Fund Regulation
Article 1: Regulation name and effect
This Regulation shall be cited “Engineers Association Social Responsibility Fund Regulation of 2013” and it shall come into force as of the date on which it is published in the official gazette.
Article 2: Definitions
The following words and expressions, wherever stated herein, shall have the meanings given to them below unless the context implies otherwise:
Law: the Engineers Association Law.
Association: Engineers Association.
Board: the Association Board.
Central Body: the Association Central Body.
Fund: Engineers Association Social Responsibility Fund established by virtue of the provisions hereof.
Social services: the financial airs and loans provided by the Fund to the Association members and their families, and the contribution to the developmental projects of the local community and the financial and in kind aids offered by the Fund to the local community individuals.
Article 3: Fund objectives
Article 4: Fund Management
Article 5: Fund Community meetings
The Committee shall meet at least once a month upon an invitation made by its Head or Deputy Head if the former is absent. The meeting will be quorate in presence of four members including the Head or Deputy Head. It shall take its recommendations unanimously or by the majority of the attending members’ votes; and if the votes are tied, the Head of the meeting shall have the casting vote.
Article 6: Fund Committee missions
The Committee shall review the affairs in relation to the Fund and it shall make its recommendations in respect thereof to the board including the following:
Article 7: Fund Committee membership loss
The Committee member loses his membership upon a resolution made by the Board if he misses three of its meetings in a row with no acceptable excuse, and the Board shall have the right to appoint a replacement for him for the remaining period of his membership term.
Article 8: Fund’s financial resources
The Fund’s financial resources consist of the following:
Article 9: Expenditures
The Fund expenditures shall be as follows:
Article 10: Expenditure conditions
Article 11: Fund’s money and accounts
Article 12: Fund’s rights and liabilities
The money of the social services account outstanding in the Association shall go to the Fund to which the rights and liabilities incurred by that account shall be transferred.
Article 13: Fund dissolution and liquidation
The Fund may only be dissolved and liquidated upon a resolutions made by the General Assembly upon a recommendation made by the Central Body in an extraordinary meeting to be held for this purpose.
Article 14: Regulation provisions enforcement
The Board shall make the instructions necessary to enforce the provisions hereof including: