Memorandum of Association

I The name of the Association is "The Tiruchirapalli District Chamber of Commerce."

(a) The Registered office of the Chamber will be situated in the Tamil Nadu.

(b) The accounting year of the Chamber will be the financial year (i.e) from 1st day of April of every calendar year to 31st day of March of the succeeding year.

III The objects of the Chamber are :

To promote and protect trade, commerce and manufacture in India or any part thereof and in particular of the Tiruchirapalli District;

To watch over and protect the General Commercial interests of India or any part thereof and the interest of the persons engaged in trade, commerce or manufacture in India, and in particular of the Tiruchirappalli District;

To encourage a friendly feeling and unanimity among commercial men on all subjects involving their common good;

To consider and formulae-opinions upon all questions connected with trade, commerce and manufacture;

To collect, classify and circulate statistics and other information relating to commercial interests generally;

To maintain Library of Books and publications of commercial interest, so as to diffuse commercial information and knowledge amongst its members.

To establish Museums of commercial products or organise Exhibitions, either on behalf of the Chamber or in co-operation with others;

To promote or oppose legislative and other measures affecting trade, commerce and manufacture and thus obtain by all acknowledged means, the removal as far as possible, of grievances affecting merchants as a body and mercantile interests in general;

To make representations to local, State or Central or other authorities, executive or legislative on any matter relating to trade and commerce;

To undertake by arbiteration the settlement of commercial disputes between merchants and businessmen and also to provide for arbiteration in respect of disputes arising in the course of trade, industry or transport, and to secure the services of expert technical an other men to that end, if necessary and desirable;

To undertake special enquiries and action for secuing redress for legitimate grievances of any branch of trade or industry as also other actions as may be conducive to the extension of trade or industry as also other actions as may be conducive to the extention of trade, commerce or manufactures or incidental to the attainment of the above objects;

To establish just and equitable principles in trade and commerce;

To maintain uniformity in rules, regulations and usages of trade;

To form a code or codes of practice to simplify and facilitate transaction of commercial business;

To communicate with public authorities and Chambers of Commerce and other mercantile and public associations throughout the world and concert and promote measures for the protection of trade, commerce and manufactures and persons engaged therein;

To provide suitable places and other facilities for holding and conducting sales of property, brokerage or commercial transactions, meeting of creditors, companies or arbitrators and other like matters;

To provide, regulate and maintain suitable buildings or rooms for commercial purposes;

To acquire by purchase, lease or otherwise lands and buildings and all other property, moveable and immoveable, which the Chamber for the purposes thereof may from time to time think proper to acquire;

To establish and conduct in or in connection with any buildings or rooms erected, provided, regulated or maintained by the Chamber for the purposes aforesaid a restaurant for the use of the members of the Chamber and others resorting to such buildings or rooms for the negotiation or transaction of business;

To sell, improve, manage, develop, exchange, lease or let, underlease or sublet, mortgage, dispose of, turn to account or otherwise deal with, all or any part of the property of the Chamber;

To construct upon any premises acquired for the Chamber any building or buildings for the purposes of the Chamber and to alter, add to, or remove, any such building;

To borrow or raise any moneys required for the purpose of the Chamber upon such terms and manner and on such securities as may be determined and in particular by the issue of debentures charged upon all or any of the property of the Chamber.

To subscribe to, become a member of, and co-operative with, any other Association, whether incorporated or not, whose objects are wholly or partly identical with or similar to those of this Chamber and to procure from and communicate to any such Association, such information as may be likely to further the objects of the Chamber.

To convene or conduct Conference and Seminar and other meetings for promotion of trade and commerce and also conduct examinations for promoting knowledge on trade subjects;

To do all such other things as may be conducive to the preservation and extention of trade, commerce or manufactures or incidental to the attainment of the above objects or any of them;

To do all such other things as may be decided by the Chamber for the advancement of the people in general.

IV The income and property of the Chamber whensoever derived shall be applied solely towards the promotion of the objects of the Chamber, as set forth in this Memorandum of Association and no portion thereof shall be paid or transferred, directly or indirectly, by way of dividend or bonus or otherwise howsoever, as profit, to the persons who at any time are, or have been members of the Chamber or to any of them or any person claiming through any of them. Provided that nothing herein contained shall prevent the payment in good faith of remuneration to any officers or servants of the Chamber or to any member thereof or other person, in return for any services actually rendered to the Chamber, or the payment of interest or money borrowed from any member of the Chamber. Provided further that no member of the council of management or of the Governing Body of the Chamber shall be appointed to any salaried office of the Chamber paid by fees and that no remuneration shall be given by the Chamber to any member of such Council or Governing Body except repayment of out-of pocket expenses and interest on money lent or rent for premises demised to the Chamber.
V The fourth paragraph of this Memorandum is a condition on which a license is granted by the Government to the Chamber in pursuance of section 26 of the Indian Companies Act 1913.
VI The liability of the members is limited.
VII Every member of the Chamber undertakes to contribute to the assets of the Chamber in the event of its being wound up during the time that he is a member or within one year afterwards for payment of the debts and the liabilities of the Chamber contracted before the time at which he ceases to be a member, and of the costs charges and expenses of winding up the same, and for the adjustment of the rights of the contributories amongst themselves, such amount as may be required, not exceeding Rs.12(twelve).
VIII If, upon the winding up or dissolution of the Association, there remains, after the satisfaction of all its debts and liabilities, any property whatsoever, the same shall not be paid to or distributed among the members of the Chamber, but shall be given or transferred to some other institution or institutions having objects similar to the objects of the Chamber to be determined by the members of the Chamber at or before the time of dissolution and in default thereof, by such judge of the High Court of Judicature at Madras as may have or acquire jurisdiction in the matter.
XI True accounts shall be kept of the sums of moneys received and expended by the Chamber and the matter in respect of which such receipt and expenditures takes place and of the property, credits and liabilities of the Chamber and subject to any reasonable restrictions as to the time and manner of inspecting the same that may be imposed in accordance with the regulations of the Chamber for the time being, the same shall be open to the inspection of members. Once at least in every year, the accounts of the Chamber shall be examined and the correctness of the Balance Sheet certified by one of more qualified auditor or auditors. We, the several persons whose names and addresses are subscribed to, are desirous of being formed into an Association in pursuance of the Memorandum of Association.