- Name of Association
- The name of the association shall be “Wing Chun Ip Chun
Academy”, hereinafter referred to as “the Association”
Location of registration and headquarters
- The registration and headquarters of the Association is at Hong
Kong Special Administrative Region, People’s Republic of China.
- Objectives and nature of business
- The Association is a non-profit making organization promoting
mutual-aids. The Association organizes social, recreational and
athletic activities for its members.
- Principal place of business
- The principal place of business is at Hong Kong Special Administrative
Region.
- Number of members
- The number of members is unlimited.
- General meetings of members
- The Chairman, secretary or an office bearer as authorized by
the Executive Committee of the Association shall convene a general
meeting annually or whenever necessary shall convene an extraordinary
general meeting. At least 7 days notice shall be served for the
general meetings.
- Quorum of general meetings
- Twelve members shall form a quorum of an annual general meeting
or extraordinary general meeting. If a quorum is not present after
an hour from the time appointed for the meeting, it shall stand
adjourned to the same day in the next week, at the same time and
place, and if at the adjourned meeting a quorum is not present
after and hour from the time appointed for the meeting, the members
present shall form a quorum.
- Executive Committee
- All members of the Executive Committee are elected in the Annual
General Meeting. The number of members of the Executive Committee
shall be determined in the Annual General Meeting but in no case
be less than three. All business of the Association, including
financial business, shall be managed by the Executive Committee.
- Admission fee, other charges and expenditures
- The amount of admission fee for membership and major expenditures
shall be determined in the General Meetings. Other charges and
minor expenditures shall be determined by the Executive Committee.
- Records, accounts and audits
- The Executive Committee shall cause proper books of accounts
and records to be kept and cause to be prepared and laid in the
Annual General Meeting the financial statements of the Association
witnessed by the Chairman and the Treasurer. The Executive Committee
shall appoint an auditor, a member or non-member of the Association,
to audit the annual financial statements of the Association.
- Dissolution of the Association
- The Association shall be dissolved at a resolution passed in
the Annual general Meeting or Extraordinary General Meeting by
no less than two-third of the members present. All the financial
asset remained will be donated to charity organization in Hong
Kong and no members or committee members will entitled for sharing.
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