1. SILIGURI TEA TRADERS’ ASSOCIATION shall be Registered under the West Bengal Societies Registration Act, 1961.

LIMIT OF MEMBERS :

2. The Number of Members shall be unlimited.

CLASS OF MEMBERS :

3. There shall be only one class of members e.g., ORDINARY MEMBERS.

QUALIFICATION OF MEMBERS :

4. Any individual, firm, company, corporation or co-operative society (hereinaf-ter called firm or company) having his or their established place of business in India and being in the Tea Trade shall be eligible for ordinary membership, subject to such qualification and terms and conditions as may be prescribed by the Executive Committee of the Association from time to time.

REGISTERED BROKERS :

5. Brokers in Tea Trade operating in India may, on application and subject to such terms and conditions as prescribed by the Executive Committee of the Association become Registered Brokers of the Association but they cannot exercise any voting right.

REPRESENTATIVES OF THE MEMBERS :

6. One representative being the Proprietor, Partner, Director or Principal Officer or any other person duly authorised in writing by the member may represent in the Association at any time, and will be eligible to vote.

PROCEDURE FOR BEING A MEMBER :

7. Every applicant for membership shall be proposed by one member being competent to vote and such an applicant shall apply in writing to the Hony.

General Secretary of the Association in the forms as prescribed in Appendix

“A” and must agree to abide by the Memorandum, and Rules and Regulations framed from time to time.

RIGHT AND DUTIES OF MEMBERS :

8. (i) Subject to the other provisions of these Rules and Regulations, the rights and obligations of all the members of the Association shall be the same.

(i) Every bonafide member of the Association shall reserve the right :

1. a) To vote or to be elected in any election of the Association provided that he has no dues or arrear to the Association at the time of filing the nomination papers;

To avail of the services of the technical and financial consultancy, library and other services as may be provided by the Association from time to time on such terms and conditions as may be prescribed by the Executive Committee;

1. c) To submit suggestions for the better working of the Association;
2. d) To inspect the books of Accounts and records of the Association, on appointment with Secretary or the Treasurer, subject to such rules and regulations, and conditions, as may be prescribed by the Executive Committee.

FEES PAYABLE BY MEMBERS

9. A (i) Every applicant proposing to be a member of the Association shall pay

роні

-$100/- entrance fee of Rs. 50/- (Rupees fifty only) and every member shall pay

1500| the Annual Subscription of Rs. 280/- (Rupees two hundred eighty only)

and which amount may from time to time be fixed by the Executive Committee, subject to being ratified at Annual General Meeting.

The entrance fee payable under Sub-Clause (i) above shall be paid along with the Application form for membership

The annual membership subscription shall be payable in the first month of the financial year. A grace time may be allowed by the president and the secretary upto the 3rd month of the financial year. After that the member shall be treated as a defaulter and he will not be entitled to exercise the rights and priveleges as a member until he clears up his dues in full. Such member can only exercise voting rights if the dues have been paid in full before the Annual General Meeting, or Extra Ordinery General Meeting as the case may be.

9.B

3(0)

An applicant for membership shall furnish all such further particulars as may be required by the Executive Committee. The dicision of the

committee with respect to the acceptence or rejection of any application for membership shall not be bound to give any reason for their action.

(i) Every Broker proposing to be a Registered Broker of the Association

should be abored

shall pay the entrance fee of Rs. 50/- and every Registered Broker shall pay annual subscription fee Rs. 150/- or such amount as may from time to time be fixed by the Executive Committee, subject to it being ratified by the Annual General Meeting.

REGISTER OF MEMBERS

10. The Association shall keep at its Registered Office in one or more books, a register of its member, and enter therein the following particulars :

Rong

1. a) The name and address of each member. (with enor 2 email (D) Proposed
2. b) The name of the person nominated as representative by the member.
3. c) The date on which the member was admitted.
4. d) the date on which any person ceased to be a member.

CHANGE OF ADDRESS/NOMINEE/REPRESENTATIVE

11. Every member shall notify to the Secretary forthwith any change of address.

Such altered address and the name of any substituted nominee, appointed by a Member sanctioned by the committee shall immediately be entered into the Register. The address so registered shall be the registered address of the member. It is, however, provided that the Proprietor, Partner, Director and Principal Officer or authorised Representative alone of a Member firm or company can represent the Member firm or company when duly authorised by the member to do so and recognised by the committee as the Official Representative of the member. If and when two or more representatives of a member firm or company attend any meeting the official representative of the member only will be entitled to vote.

CESSATION OF MEMBERSHIP

12. A member shall cease to be a member of the Association in the following circumstances :

(a) on his voluntary resignation by a letter addressed to the Secretary of the Association ;

(b) On his annual subscription remaining unpaid in terms of clause 9 (iii)

hereinbefore mentioned ;

(c) On his being adjudged insolvent or in the case of a company or corporation when winding up orders have been passed with regard to such company or corporation or when it has gone into voluntary winding up;

(d) On his ceasing to be qualified/eligible for membership in terms of these

Rules and Regulations;

(e) In case of an individual, on his being proved to be of unsound mind or when convicted of an offence involving moral turpitude.

(r) On his not abiding by the Rules & Regulations of the Association and acting contrary to these rules.

TIME & PLACE OF GENERAL MEETING

13. The Annual General Meeting of the Association shall be held at the Registered office of the Association or at any place within the city of Siliguri on such date, which is not a public holiday, and during business hours as fixed by the Executive Committee at any time within six months after the closing of the financial year.

RETIREMENT OF OFFICE BEARERS

14. The President, Vice President, the Hony. General Secretary, the Joint Secretary, the Treasurer and the Members of the Executive Committee, and also the Auditors, shall retire at such Alternate Annual General Meeting and be eligible for re-election; and their places so vacated, shall be filled in at the Alternate Annual General Meeting by the proper electorate in a manner prescribed by these Rules but no office bearer can hold the same office for more than two consecutive terms.

NOTICE CONVENING THE ANNUAL GENERAL MEETING

15. Notice convening the Annual General Meeting shall be signed by Hony.

General Secretary or Joint Secretary or any other officer apointed on behalf of, by the Executive Committee and shall state the time and shall state the and shall be sent or be posted at least 21 days before the date of such meeting.

ANNUAL REPORT

16. The Committee shall submit at the Annual General Meeting the Annual Report of the working of the Association and Audited Annual Statement of Accounts of the Association for adoption and confirmation.

NOTICE OF MOTION TO BE PROPOSED IN THE ANNUAL GENERAL MEETING

17. Notice of motion to be proposed in the Annual General Meeting, if any by any member must be submitted before the Secretary, not less than 14 days before the meeting and must be signed by at least 3 (three) eligible members.

CONTENTS OF NOTICE OF A.G.M.

18. Along with the Notice of the Annual General Meeting, the following shall be sent :
19. a) One copy of the report of the work done by the Association during the preceeding year;
20. b) One copy of Statement of Accounts duly examined and certified by the auditors ;
21. c) One copy of the agenda of business to be transacted at the meeting.

CHAIRMAN OF THE MEETING

19. At the Annual General Meeting, the President shall take the chair. In absence of the President, the Vice -President shall take the chair. In the event of both the President & the Vice-President being absent from the Meeting, the members present at the Meeting shall elect another member to take the chair.

DESPATCH OF NOTICE

20. The date of posting of the Notice at the registered address of the member shall be deemed to be the date of the notice.
21. Non-receipt of the notice of any General Meeting by any member, or accidental ommission to give any such notice to any member shall not invalidate the meeting.

QUORUM FOR A. G. M. AND ADJOURNMENT

22. The quorum for the Annual General Meeting shall be a minimum 15%

(Fifteen percent) of the eligible members.

23. If within 30 (thirty) minutes of the time set for General Meeting, the quorum of members is not found to be present, the meeting shall be dissolved if convened upon the requisition of members. In any other case the meeting shall be adjourned to such date, hour and place as the members present

may determine. Failing such determination, the meeting shall stand adjourned to the same day next week at the same time and place and if at the adjourned meeting, the quorum is not found within the prescribed time, the members present, whatever their number may be but not less than two, shall form a quorum. No notice shall be given of such adjourned meeting.

24. The President may, with the consent of the members of the meeting, adjourn any meeting from time to time and place to place but no business shall be transacted at any such adjourned meeting except as on the agenda of the meeting thus adjourned.

VOTING

25. Every member shall have one vote subject to the conditions laid down in clause nos. 9 (A) (i), 9 (A) (ii) and 9 (A) (iii. Votes cast in ballot papers in favour of more or less candidates than the required number of seats, or otherwise initialled or improperly marked shall be treated as invalid.
26. The name of any particular person may be registered in the record of the Association as Authorised Representative, He will be entitled to vote on behalf of the said firm or company until the same revoked by the firm or company.
27. At the Annual General Meeting any motion shall be decided to be passed or failed by simple majority of votes of members present by show of hands. The President shall have a casting vote in case of equality of votes.

BUSINESS IN THE A. G. M.

28. The folliwing business shall be transacted at the Annual General Meeting :—
29. a) Consideration and adoption of the Annual Report,
30. b) Passing of the Accounts and Balance Sheet of the Association,
31. c) Election of President and the Members of the Executive Committee in alternate years,
32. d) To appoint auditors and fix their remuneration,
33. e) Consideration of motions of which due notice has been given,

Transacting such other business as may be placed in the agenda of the meeting by the Committee, or permitted to be introduced by three fourth of the members present.

EMERGENT GENERAL MEETING

29. On a requisition in writing of at least one fourth of the total number of members of the Association, the President, or in his absence, the Vice President, and in their absence, the Secretaty shall at the earliest opportunity convene an Emergent General Meeting. If on receipt of such requisition bearer office abovenamed do not, within 21 (twenty one) days from the date of a valid requisition in regard to any matters, proceed duly to call a meeting for the consideration of those matters on a day not later than 45 days from the date of submission of the requisition, the meeting may be called by the requisitionists themselves and shall send the resolution passed thereat to the Executive Committee which shall be binding on the Association, provided the requirements under clause nos. 22 and 57 are fulfilled.

EXTRAORDINARY GENETAL MEETING

30. An Extraordinary General Meeting or a General Meeting, requiring special notice may be convened at any time at the direction of the Executive Committee. Not less than 24 hours notice shall be given to every member, specifying the business to be considered and the proceedings shall be restricted to the matters specified in the Notice.

PROCEDURE OF ELECTION OF PRESIDENT AND EXECUTIVE COMMITTEE

31. a) Election of the President & Members to the Executive Committee shall be held once in every two years.
32. b) Any person eligible to vote under the provisions of these Rules and Regulations shall be eligible for election to the Executive Committee, President or member thereof provided such member is proposed by one and seconded by another member eligible to vote. The President and a maximum of 12 (twelve) members shall be elected in the Annual General Meeting.

After the election of the President and the members of the Executive Committee, the President in consultation with the other Executive Committee Members, will co-opt 2 (two) more members in the Executive committee, from amongst the members within 3 (three) clear working days of date of A. G. M., subject to the condition that they have not been defeated in the election of the Executive Committee or Presidentship.

Election of the President and the members of the Executive Committee shall take place in the morning of the same day or if necessary on the

previous day to the day on which the Annual General Meeting is to be held and counting of votes shall take place. The results of such election shall be declared at the Annual General Meeting.

Two members from within the outstation members only may be co-opted by the Executive Committee if so desired by its members subject to the condition that he or they has/have not been defeated in the election of Executive Committee or presidentship for the year.

14. d) A retiring member pursuant to sub-clause (a) shall be eligible for reelection subject to the conditions laid down in clause no. 14.

NOMINATION AND PROCEEDINGS OF ELECTION

32. A) Members standing for election shall send their nomination papers duly proposed and seconded by eligible members of the Association so as to reach the Association before the date fixed by the Executive Com-mittee. Any withdrawal of candidature from the election shall be submitted in writing within the time as specified by the Executive Committee.

In case nominations received are more than the members required for the office of the President and the members of the Executive Commit-tee, the election will be determined by the majority of the votes of the eligible members by ballot.

Ballot papers for voting will be sent to the registered addresses of the outstation members by registered post or couriers at least 21 days before the election. The Ballot paper filled in must reach the office of the Association within the date and time by registered post or Couriers only.

Out-going ballot papers must be signed by the Secretaty or any officer appointed by Executive Committee. Members should post their ballot papers to the Election Officer in a sealed envelope and the same will be kept by the Election Officer in a separate ballot box for counting purposes.

Ballot papers will be issued at the Association Office during the election hours for Siliguri members. The ballot papers will be filled in accordance with the instructions, given therein, to put into the ballot box, kept in the office for the purpose.

The President/Vice-President/Secretary will nominate not more than 5 members as Polling Officers, one of them as Presiding Officer in consultation with the Executive Committee from amongst the employees or the members of the Association but not being candidate/ candidates for any post. Their duties will be as follows :

1. a) To scrutinise the nomination papers,
2. b) To conduct the election as Polling Officer,
3. c) To issue the Ballot papers which must be signed by the Presiding Officer.
4. d) To scrutinise the Ballot Papers,
5. e) To scrutinise the Voters’ list,
6. f) To count the votes cast and to ensure the validity of the votes cast,
7. g) To Screen out the invalid Votes.
8. h) To report the result to the Chairman of the General Meeting.

The Election may be conducted on the day of Annual General Meeting but before the A. G. M. at the office of the Association or at any other place declared by the Executive Committee. The names of those who get the highest number of votes for required seats, shall be declared elected by the Chairman in the Annual General Meeting. After declaration of the result, the newly elected President shall first swear in oath of allegiance to the Rules & Regulations of the Association. The other newly elected members of the Association shall be sworn in by the President.

EQUALITY OF VOTE

32 B) In the event of an equality of votes decision will be made by lot to be drawn by the Chairman or other officer appointed by him for the purpose.

OFFICE-BEARERS

32. C) The President and the members of the Executive Committee so elected will meet to elect the office-bearers, viz, the Vice-President, the Secre-tary, the Joint Secretary and the Treasurer from amongst the members of the Executive Committee within 5 (five) clear working days of the date of the Annual General Meeting.

The oath of allegiance by the co-opted members or elected members who were not present in the Annual General Meeting will be administered in the first meeting they attend.

The following papers shall be sealed in the presence of the President and other Executive Committee members present :

1. i) Valid and invalid Ballot papers, il) One copy of marked Voters’ List, iii) One copy of counting sheet, iv) One copy of Result sheet,
2. v) One copy of declaration of Resült.

One copy of each of the above election papers shall be kept in office file.

34. D) Not more than one representative of any one members can be elected as office bearer at the same time.

COPY OF RULES AND MEMBERS’ OBLIGATIONS

33. A copy of the Rules of the Association shall on request be delivered to each member of the Association but no member be absolved from compliance with Rules on the plea of ignorance of the same.

COMPLIANCE OF BYE-LAWS

34. The Association shall frame bye-laws for enforcing discipline amongst the members complying obedience to the Rules, Regulations and bye-laws for the time being in force.

VIOLATION OF BYE-LAWS

35. A member of the Association may be cautioned, suspended, required to resign or expelled for misbehaviour or intentional violation of the Rules, Regulations and Bye-Laws of the Association or of the Committee so far as applicable to him provided a resolution to that effect is passed by at least three fourth of the members of the Executive Committee present in the meeting specially convened for the purpose, without prejudice to the affected member’s right to apeal to the President for a revision by the Executive Committee.
36. Any member expelled by the Committee in accordance with these Rules shall forfeit all rights to or claims upon the Association of his property or fund or assets at the hand of the Association.

COMPOSITION OF EXECUTIVE COMMITTEE

37. The Administration and management of the affairs and concern of the association shall vest in the Executive Committee. The said Executive Committee shall consist of not more than 17 (seventeen) members including the President and the co-opted members, but not being less than 9 (nine) members.

PROCEEDINGS AT EXECUTIVE COMMITTEE MEETINGS

38. The President or in his absence, the Vice-President shall preside over all meetings of the Executive Committee. In the absence of the President and Vice-Precident, the committee shall elect a Chairman from amongst the members present.
39. C. MEETING TO BE HELD AT LEAST ONCE IN A MONTH
40. The meeting of the members of the Executive Committee shall be held at least once in every one calender month.

POWERS OF THE EXECUTIVE COMMITTEE

40. The Executive Committee shall be the Governing body of the Association and in addition to the powers and authorities conferred expressly by these rules, they shall exercise all such powers and do all such acts and things as may be done by the Association and as are not by these rules, expressly directed to be done by the Association in the General Meeting but subject, nevertheless, to directions as may from time to time be given by the Association at a General Meeting assembled, provided that such directions shall not invalidate any prior act of the committee which would have been valid if the directions had not been given.

QUORUM FOR E. C. MEETING

41. The quorum of an Executive Committee Meeting will be minimum 5 (five)

members.

BYE-LAWS OF THE ASSOCIATION

42. The Executive Committee shall have power to frame regulations and the bye-laws from time to time consistently with rules herein contained for management and administration of the affairs of the Association and for regulation of
43. a) The election of (i) Office Bearers (ii) Members of the Executive Committee (iii) New Members.
44. b) The Procedure at the General Meeting.
45. c) Trade in general.
46. All regulations and bye-laws of the Committee and the bye-laws of the Association shall be pasted in a conspicous place in the premises of the Association as soon as possible after they have been passed and copies thereof shall be circulated amongst all the members.

RIGHTS & DUTIES OF THE EXECUTIVE COMMITTEE

44. The Executive Committee may appoint a paid Assistant or Assistants to assist the Secretaries. He shall remain present at the meeting of the Executive Committee but shall not be entitled to vote. The Committee shall settle the terms and conditions of service and remuneration of such paid Assistant or Assistants.
45. In furtherance and not in livitation of and without prejudice to the General powers conferred by or implied in all the above rules, it is hereby expressly declared that the Executive Committee shall be entrusted with and shall exercise and perform the following powers and duties :-
46. a) To appoint sub-committee for special purpose consisting of such members of the Association (whether member of the committee or not) and to direct sub-committee in such matters as they deem fit. Any committee so appointed shall in exercise of power vested in it by the Executive Committee confirm to the regulations that may from time to time be imposed upon it by the Executive Committee.
47. b) To determine consistently with the rules and bye-laws, the manner in which the funds of the Association shall be dealt with and to authorise the Secretaries, Treasurer and other official or officials jointly or separately to operate the account of the Association with any Bank and to draw and endorse any cheque or cheques, negotiable instruments and grant receipt for moneys paid to the Association.
48. c) To frame rules & regulations about the management & administration of the land & buildings and other properties of the Association including without limitation, rules regarding formation of committee for the management of the such properties and utilisation including hiring/letting out of the property and other uses thereof.
49. FOR EXPEDITIOUS WORK AND BETTER MANAGEMENT :
50. a) The Executive Committee may distribute important portfolios to each of the office bearers as may be considered suitable for the specific duties and/or responsibilities and re-distribute the portfolios as and when deemed necessary.
51. b) Vacancies occuring among the members of the Executive Committee and office bearers whether arising from resignation, non-attendance, death or otherwise between General Meeting of the Association, may be filled up from amongst the eligible members of the Association by the

co-option. The committee shall have full power to act notwithstanding any vacancies in its members.

Any member of the Committee who absents himself from 3 (three) consecutive meetings of the committee or from all meetings of the committee for a continuous period of three months, whichever is longer, without obtaining leave of absence from the committee, shall cease to

the members, elect another member to fill up the vacancy so caused.

1. d) A meeting of the Executive Committee may be called at any time with at least 48 hours’ notice by the Secretary or Joint Secretary. The President or the Vice-President or the Secretary or any four members of the Executive committee (jointly) may call a meeting of the Executive Committee with shorter notice.

FUNDS & ACCOUNTS

47. (1) The Bank Accounts will be operated jointly by the Treasuer and the

President/the Secretary.

47. (2) The General Fund of the Association shall consist of the Admission Fees and the monthly subscriptions as well as any other contribution raised for the express purpose of adding to the General Fund which shall not be spent on any object other than the following namely :
48. a) Payment of salaries, allownces and other expenses to officers and employees of the Association, house rent for the office or meeting hall and of expense for excursions, amusement, entertainment of members of the Association and important persons and delegates of the Trade.
49. b) The Payment of expenses for the administration of the Association including audit of the Accounts of the General Fund of the Association.
50. c) The prosecution of the defence of any legal proceeding to which the Association is a party.
51. d) Payment of Admission Fees and/or subscription to chambers of Commerce and/or other Association or Associations to which this Association may be affiliated for the advancement of its interests.
52. e) Payment of the cost of books, periodicals, advertisement in the news-papers, publishing of official journal or contributing to or subsidising the cost of magazines.

) Payment of the expenses of the travalling of representatives for publish-ing, propaganda and/or organisational work and for sending deputation to central, provincial and local bodies and conference.

9) Contribution to charitable objects of public character or any donation.

1. h) For any other purpose for the attainment of the main object of the Association provided that said object has been approved by the General Members in Annual General Meeting or Extra Ordinary General Meeting including without limitation for acquisition of Land and Building or construction thereof and other Fixed Assests.
2. a) The Executive Committee of the Society shall be responsible for the safe custody of the funds.
3. b) The fund of the Association shall be kept in any Scheduled Bank and may be invested in any securities specified under section 20 of the Indian Trust Act, 1882.
4. c) The Executive Committee shall determine consistently with the rules and bye-laws, the manner in which the funds of the Association shall be dealt with and may authorise the secretaries, treasurer and other official or Officials jointly or separately to operate the account of the Association with any Bank and to draw and endorse any cheque or cheques, negotiable instruments and grant receipts for moneys paid to the Association.
5. Proper Account shall be kept of the Association moneys and such account shall be open to inspection by members and officers of the association at its registered office during office hours.

PRESIDENT

50. The President’s duties will be as follows :
51. a) To preside over all meetings of the Association.
52. b) To advice the Association on all points of disputes and generally look after the interest of the Association.
53. c) To take all disciplinary actions such as removal, dismissal etc. with the consent of the Executive committee.

VECE-PRESIDENT

51. The Vice-President shall preside over all the meeting and exercise all the powers of the President of the Association in absence of the President and shall aid the president in discharge of his responsibilities.

HONORARY GENERAL SECRETARY

52. (A) Subject to any bye-laws made or directives given by the Association in General Meeting, the Hony. General Secretary shall :
53. a) keep accurate minutes of the proceedings of all General Meetings of the Association, of the meeting of the Committee, departmental committee, sub-committee and all special committee or conferences and other meeting connected with the Association ;
54. b) have safe custody of the paper, furniture, library, documents, securities and all belongings of the Association ;
55. c) have charge of all correspondences ;
56. d) keep or cause to be kept proper accounts of the funds of the Association and of all money in any way connected or controlled by Association in such form and manner as may be prescribed by the Committee;
57. e) arrange collection of all dues of the Association ;

1) give notice of all general meeting, meetings of the committee and those of another committees;

1. g) duly notify the members the result of the elections ;
2. h) grant receipts for moeny on behalf of the Association ; . institute, prosecute, defend suits, other proceeding in which the Association may be concerned and for that purpose to sign and verify plaints, written statements, petitions, memorandum of papers, powers and do all duties that is necessary for the purpose of all suits or proceedings in which the Association may be concerned or interested with the consent of the Executive Committee;

prepare or draft notes, memorandum, reports, statements, accounts during the course of the business and affairs of the Association;

1. k) maintain the register of members;

) have power to fine, suspend and dismiss any employee of the Associa-tion, subject to the approval of the Executive Committee ;

1. m) have power to perform all such duties as are incidental to his office, including, without limitations, to represent the Association on legal or other matters.

(B) The post of General Secretary shall be honorary.

JOINT SECRETARY

53. The post of Joint Secretary shall be honorary and he shall perform all the powers and duties of the Hony. General Secretary in his absence and shall aid the Hony. General Secretary in discharge of his responsibilities.

TREASURER

54. The Treasurer shall be custodian of all the funds and moneys of the Association. He shall collect and receive all sorts of funds, subscription, donations and deposit of money and grant receipts therefor. He shall maintain and keep Cash-book and such other accounts as are necessary.

He shall submit a statement of account quarterly to the General Secretary for submission of the same to the Executive Committee and shall also submit uptodate account or account books, whenever called for by the Executive Committee.

COMMON SEAL

55. There shall be a common seal for the Association and the seal shall remain with the Hony. General Secretary.
56. The Seal of the Association shall not be affixed to any instrument except by the authority of a resolution of the Executive Committee and except in presence of at least two members of the Executive Committee.

MISCELLANEOUS

57. These rules shall not be added to, varied or rescinded except by special resolution passed by a majority of not less than two third of the members present at a General Meeting of the Association convened for the purpose.
58. The accounts of the Association shall be duly audited every year by auditors who shall be appointed at the General Meeting.
59. The Accounting Year of the Association shall be from 1st April to 31st March.

DISSOLUTION

60. The Association may be dissolved by a resolution to that effect passed by two third majority of the members of the Association present at a General meeting. The said meeting shall also decide the manner of disbursement of the funds and assets of the Association, if any, after dissolution.