By-Laws
CLASSICALI
BY-LAWS
Article A: Membership
1. Admission of Members
(a) The founders of the Amuta are members thereof from the date of registration
with the Registrar of Amutot.
(b) A person who wishes to become a member of the Amuta will submit a request
to the Board, worded as follows:
" I (name, address and identification number) request to be admitted as a
member of the CLASSICALI Amuta. The objectives of the Amuta and
its By-Laws are known to me. If admitted as a member, I undertake
to comply with the provisions of the By-Laws of the Amuta and with the
resolutions of the Amuta’s General Assembly".
(c) The decision concerning admission or non-admission of the applicant as a
member of the Amuta will rest with the Executive Board. If the Executive
Board refuses to admit the applicant, he may appeal to the next General
Assembly.
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2. Rights and Obligations of Members
(a) A member of the Amuta is entitled to attend and vote in every General
Assembly and will have one vote in every ballot. He is entitled to elect and
be elected to the Executive Board and the Auditing Committee.
(b) A member of the Amuta is entitled to take part in its activities and to enjoy its
services.
(c) The Executive Board may, with the approval of the General Assembly, set a
membership fee, the payment of which will be obligatory to the members.
(d) Termination of membership in the Amuta will not constitute an exemption of
payments that are due to the Amuta from the member immediately before
the termination of his membership in respect to the period up to such
termination.
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3. Termination of Membership
(a) Membership in the Amuta will terminate:
(1) Upon the death of the member, and for a member which is a corporation –
upon completion of its liquidation;
(2) Upon resignation from the Amuta; written notification of resignation will be
submittedto the Board thirty days in advance;
(3) Upon being ousted from the Amuta.
(b) The General Assembly may, upon the Board of Director's proposal, resolve to
oust a member from the Amuta on one of the following grounds:
(1) The member has not paid the Amuta what is due to it from him;
(2) The member has failed to adhere to the directives of the By-Laws or
resolution of the General Assembly;
(3) The member acts in conflict with the objectives of the Amuta;
(4) The member was found guilty of an offence involving disgrace.
(c) The Board will not propose to the General Assembly to oust a member from
the Amuta until after he has been given due opportunity to voice his claims
before it, and will not make such proposal based on that prescribed in
sub-Section (b)(1), (2) or (3) only until it has warned the member and allowed
him reasonable time to correct the wrongdoing.
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4. Notices to the Member
Any summons, demand, warning and other notices by the Amuta to a member will
be submitted in writing and will be delivered to him personally or sent by ordinary
mail to his address as recorded in the Registry of Members or by electronic mail to
the email address as registered in the Registry of Members. Upon the member's
written request, the Amuta will change his address recorded in the Registry of
Members.
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Article B: The General Assembly
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5. Time and Place
The day, time and place of a General Assembly will be fixed by the Board.
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6. Summons
A General Assembly will be convened by a summons submitted to every
member at least ten days in advance, indicating the day, time, place and
subjects on the agenda for the Assembly.
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7. Functions of an Ordinary General Assembly
An ordinary General Assembly will hear reports on the actions of the
Executive Board and the actions of the Auditing Committee, will consider them
and the Financial Reports submitted to it by the Executive Board, will resolve
their approval and will elect an Executive Board and an Auditing Committee.
The Assembly may elect a Chairman for the Amuta and determine his
responsibilities. If a Chairman for the Amuta is not elected, the Chairman of
the Executive Board will act as the Amuta's Chairman.
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8. Quorum
(a) A General Assembly will not be opened unless at least one quarter of the
members of the Amuta are present; where such a quorum is present at the
opening of the Assembly, the Assembly may continue its deliberations and
pass resolutions even if the number of those present has reduced.
(b) Where the aforesaid quorum has not convened within one hour from the time
specified in the summons, the Assembly will be considered postponed to a
week later at place, without need for an additional summons, and at this
postponed present, whatever their number may be, may deliberate and pass
resolutions.
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9. Chairman and Secretary
A General Assembly will elect, out of the members of the Amuta, a Chairman and
a Secretary for the Assembly.
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10. Resolutions
The resolutions of a General Assembly will be adopted by a majority of the votes
of those voting, unless the law or these By-Laws require a different majority;
where the votes are evenly divided, the Chairman of the Assembly shall have
the casting vote. Resolutions signed by all members of the Amuta will be regarded
as resolutions adopted in a General Assembly except resolutions concerning
changing the Amuta's name, objectives and By-Laws, and resolutions
concerning the approval of the Financial Reports and the voluntary liquidation
of the Amuta.
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11. Minutes
The Secretary of the General Assembly will keep minutes of the meeting.
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Article C: The Executive Board
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12. Number of Members
The number of the members of the Board will be fixed by resolution of the
General Assembly and will not be less than two.
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13. Period of Tenure
(a) The Executive Board will hold office from its election by a General Assembly
until another General Assembly will elect a new Board; a member of the
outgoing Executive Board may be re-elected to the new Executive Board.
(b) A member of the Executive Board may resign at any time by written notice
to the Executive Board; a member of the board will cease to hold office if
he has been declared legally incompetent or bankrupt.
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14. Filling Vacancy on the Executive Board
(a) Where the position of a member of the Executive Board has become vacant,
the remaining members or member may appoint another member of the
Amuta to hold office as a member of the Executive Board until the next
General Assembly; Pending such an appointment, the remaining members
or member of the Executive Board may continue to act as an Executive Board.
(b) Where a member of the Executive Board is unable to carry out his duties, the
remaining members or member may appoint a member of the Amuta to take
his place until he again carries out his duties.
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15. Meetings of the Board
The Executive Board may itself arrange the times of its meetings, summons to
them, the required quorum and procedure for conducting them.
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16. Resolutions
The resolutions of the Executive Board will be passed by a majority of the votes
of those voting; where the votes are evenly divided, the Chairman of the
Board shall have the casting vote; a unanimous resolution of all the members
of the Executive Board may be adopted not in the framework of an Executive
Board meeting.
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17. Minutes
The Board will keep minutes of its meetings and resolutions.
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18. Right of Representation
The Executive Board may empower two or more of the Amuta's members
and/or employees, at least, whose joint signature together with the Amuta's
stamp, or together with its printed name, will bind the Amuta.
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Article D: The Audit Committee
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19. Application of Provisions
The provisions of Sections 12 to 17 will also apply, mutatis mutandis, to the
Audit Committee.
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Article E: Branches
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20. Establishment of Branches and Their Organization
The Amuta may, by resolution of the General Assembly, establish branches
and determine their organization and the procedures of their business.
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Article F: Assets Following Liquidation
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21. Transfer of Surplus Assets
Any assets remaining after the Amuta has been liquidated and after its debts
have been paid in full, will be transferred to another Public Institution, having
similar objectives within the meaning of Article 9(2) of the Income Tax Ordinance,
and will not be distributed among the Amuta's members.
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Article G: Miscellaneous
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22. Miscellaneous
The Amuta's assets and its income are used only for the purpose of its objectives,
and distribution or benefit in any form, among its members, is prohibited.