1. CHAPTER 1: PRELIMINARY
1.1 Short Title
This policy will be called as "Financial 2015" and in short form called as "Financial By laws".
1.2 Interpretation of By laws – NO change
a) Executive Council will have final authority to interpret the provisions under this by laws
b) The interpretation made will be brought into notice of all EC members and staff. This will be documented for future references.
1.3 Implementation of By laws- No change
a) EC will be responsible to ensure effective implementation and monitoring of the By laws.
b) Treasurer, with approval from Executive Council, can delegate the authority of effective implementation and monitoring of the by laws to Chief Executive Officer (hereafter CEO).
1.4 Amendment of By laws – No change
a) Executive Council will be sole authority to make amendment in this by laws.
b) Treasurer will be responsible to annually review the by laws, with inputs from CEO, and bring out the issues that need to be discussed in the Executive Council.