Page 42 - Microsoft Word - Notice 7th Committee Meeting _ draft _2_.doc

Part VI
Account

14. The Board shall maintain a separate account for the Fund. The Board shall operate a bank
account in the name of the Fund. All cheques shall be signed by two members of the Board
with the Chairman as the compulsory signatory.

15. Such account shall be audited by the internal auditors of MAHSOPA and the accounts shall
be duly tabled at the annual general meeting of MAHSOPA.

16. In the event the Fund attains tax-exempt status the Board shall ensure all the prescribed
requirements for administration, accounting and audit shall be met as set forth by Inland
Revenue Board (Jabatan Hasil Dalam Negeri)

Part VII
Amendments and Dissolution

17. Any amendments to these Rules shall be tabled at the annual general
meeting of MAHSOPA. As a tax-exempt Fund it would further be subject to
the approval of the Director-General of Inland Revenue.

18. If the Fund is dissolved any excess money after settling all debts and liabilities shall be
donated to any institutions or funds as approved by the members of MAHSOPA at an annual
general meeting.

19. As a tax-exempt Fund, if the Fund is dissolved any excess money after settling all debts and
liabilities shall be donated to the Government or to any other institutions or funds approved
by the Director-General of Inland Revenue