Professional Documents
Culture Documents
2010
RULES OF BUSINESS
OF
BOARD OF MANAGEMENT
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RULES OF BUSINESS for BOM-VAC April
2010
PREAMBLE
SHORT TITLE
INTERPRETATION
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2010
xxi. “Resident (s)” means the owner who is the occupier of the
Industrial plot in VAC and carrying out production;
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COMPOSITION OF BOM
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i. President
FUNCTIONS OF BOM
PRESIDENT
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DUTIES OF PRESIDENT
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VICE PRESIDENT
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COMMITTEES
10. The President and Vice President shall be members of the
following committees along with 2 residents to be appointed by
President:-
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a. Purchases/expenditures
a. All payments
d. Legal matters
20. The BOM may call any special meeting on requisition of at least 2
members. Any such requisition shall specify the objects of
meeting and shall be signed by the makers and deposited with
President BOM. The business of such meeting shall be confined to
the purposes specified in the requisition.
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ACCOUNTS
25. The BOM shall cause to keep proper books of accounts which shall
be kept at the office of BOM and shall be open for inspection by
members of BOM during business hours.
26. BOM, shall from time to time, determine whether and to what
extent and at what time and places and under what conditions or
regulations, the accounts and books or papers or any of them shall
be open to the inspection of Resident (s) & Commercial Residents.
AUDIT
28. The appointment and duties of the auditor(s) shall be regulated
under instructions of BOD.
29. BOM at its first meeting shall appoint auditor(s) being chartered
accountant(s) to hold office for a period of one year and the
following provisions shall have effect:-
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2010
NOTICE
31. A notice may be given by Secretary to any member either
personally or by fax sent by post at his registered address,
through facsimile or electronic mail (email). The service of notice
shall be affected by properly addressing, pre-paying and posting
a letter containing notice and unless contrary is proved, it shall
be deemed to have been affected at the time when the letter
would be delivered in ordinary course of post. Notice of every
meeting of BOM shall also be given in the manner described
supra to every member.
iv. Attend meeting (s) of BOM in order to ensure that the legal
requirement are fulfilled and provide such information as
may be necessary;
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ESTATE ADMINISTRATOR
33. The Estate Administrator shall be responsible for the following:
i. To maintain discipline in VAC.
ii. To look after all security matters.
iii. To keep all the vehicles in the running condition.
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RULES OF BUSINESS for BOM-VAC April
2010
Signed:
COMPANY SECRETARY
FAISALABAD INDUSTRIAL ESTATE
DEVELOPMENT AND MANAGMNET COMPANY (FIEDMC)
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