ASSOCIATION NAME & OBJECTIVES ARTICLE

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TITLE
NAME ADDRESS OBJECTIVES

TEXT
Name of the Association shall be "THE ASSOCIATION OF PROFESSIONAL BANKERS, PAKISTAN" Office of the association shall be in Karachi The Primary objects of the Association shall be to, a) Undertake, promote and facilitate studies in the field of banking and allied subjects within and outside PAKISTAN. b) Organise and promote research in this field and to undertake studies and research projects for the Government, Private Sector, International Agencies and other Institutions. c) Plan and organise teaching and arrange training programs in the field of banking and allied subjects. d) Train students and others in research methodology with the idea of promoting knowledge and awareness in subjects relevant to .banking. e) Prepare and submit reports on issues relating to banking, finance and economy to Government and Non - Governmental organisations in PAKISTAN. f) Promote understanding, co-operation and friendship with similar associations within and outside PAKISTAN. g) Undertake, promote and conduct on its own initiative or in collaboration with local or foreign associations such surveys and studies on banking, finance and economics in PAKISTAN or any other country or region of the world. h) Promote fellowship and understanding among members of the Association. i) Offer studentship and scholarships or any other awards encouraging students and research in relation to the objectives of the Association. j) Affiliate with any National, Regional or International Associations in related fields and with cognate aims. k) Promote and safeguard the common interests of the profession. l) Provide a forum for discussion of matters of professional and academic interest to bankers. m) Institute and offer prizes and awards for specialized studies and research in the field of banking and allied subjects. n) Engage in any other activities connected with or incidental to the above objects.

MEMBERSHIP
4 MEMBERSHIP There shall be four categories of members. Membership of the Association other than the honorary life membership is by application. 1. 2. 3. 4. Founder Member Ordinary Member Founder Member Ordinary Member Life Member Honorary Life Member

Founder Members of the Association shall be the sponsors of the meeting held on _______ To secure Ordinary membership a person should be; A Fellow or an Associate of the Chartered institute of Bankers/London or Institute of Bankers of PAKISTAN or any other banking institute recognized by the council or a holder of Postgraduate Diploma/Diploma in Bank Management of Institute of Bankers of PAKISTAN. Or A banker in the grade of Assistant General Manager and above or of equivalent grade as decided by the council from time to time. Such decision made by the Council shall be final.

Life Member

To secure a Life Membership a person should be a Founder member or an Ordinary member of the Association and should pay a subscription fee equivalent to 7 years' annual subscription computed at the time of application. Honorary Life Membership shall be conferred at the discretion of the council on any member, who has made outstanding contribution to the banking industry in general and to the Association in particular and, a) b) Who has been a member of the Association for an uninterrupted period of 5 years And who has been a member of the council.

Honorary Life Member

Admission to the membership of the Association other than honorary life member shall be by application recommended by a member of the Association made to the membership committee. The decision shall be made by the council on the recommendation of the membership committee with the exception of 4.1.1. The Association shall maintain a Register of Members.

SUBSCRIPTION
Subscription Founder Members and the Ordinary members shall pay a fee of Rs. 500/per annum, or any other higher amount prescribed by the council from time to time. The annual subscription is payable before 31st January of the respective year, to the Treasurer of the Association. If annual subscription in arrears is not paid by the end of the year, after due notification has been given to the member in writing by the Treasurer/ Secretary General to the last known address, he/she shall cease to be a member of the Association.

MANAGEMENT OF AFFAIRS
Council The affairs of the Association shall be managed by a Council of seventeen members, consisting of the following office bearers and ten others. One being the Immediate Past President and others elected from among the members, of whom at least one shall be from a licensed specialized bank. Office Bearers shall consist of, A. B. C. D. E. F. President Senior Vice President Two Vice Presidents Secretary General Assistant Secretary Treasurer

Office Bearers

The Council shall have the power to act in matters in furtherance of the objectives of the Association. Council shall have the power to affiliate this Association with any other body subject to clause 5.3. In the event of there being a vacancy in the position of the President, the Senior Vice President shall automatically become the President until the next Annual General Meeting. The Council shall have power to fill the vacancies of any Office Bearers or Council Members, who shall have vacated such office. If a Council member is absent for three consecutive council meetings, without the consent of the council, he/she shall cease to be a member of the council.

COUNCIL MEETINGS
Meetings Quorum Chairing Meetings Meetings of the Council shall be held at least once in every two months. The quorum for any Meeting of the Council shall be at least seven (7) members of the Council. The President of the Council or in his absence the Senior Vice President or one of the Vice Presidents or in the case of their absence, a member chosen by the members present, shall preside at the meeting of the Council. Meetings of the Council shall be convened by the Secretary General or in his absence by the Assistant Secretary.

Convening Meetings

Notice Of Seven clear days notice in writing shall be given to the members of every Meetings meeting of the Council, intimating the time and place of such meeting, and the business to be brought up before it being specified in such notice, which shall be sent through the post/delivered to each member addressed to the last known place of residence/ office of such member. Adjournment The person presiding for the time being at any meeting of the Council may with the consent of the majority of Members present adjourn that meeting. Subject to the provisions of subsection (6.8) any question which arises at any meeting of the Council shall be decided by a majority of the members present and in the case of an equality of votes, the member presiding at the meeting shall have a second or casting vote. No member of the Association shall be dis-enrolled or suspended except upon a resolution passed at meeting of the Council by not less than two thirds of the total number of members of the Council in Office.

Decisions At The Meetings

Suspension Of Members

Minutes Of The Council shall cause minutes to be made of the proceedings of every The Meetings meeting of the council in books kept for that purpose and the minutes of such proceedings shall be signed by the member presiding at the next succeeding meeting, and the minutes so signed shall be prima facie evidence of the matters set out in such minutes. No act or proceedings of the council shall be invalid by reason only of the existence of any vacancy among the members of the council.

ANNUAL GENERAL MEETING

The Annual General Meeting shall be held within three months of the end of the financial year, which ends in December. Notice of the Annual General Meeting shall be given to the members in writing at least 14 days in advance before the date on which the meeting will be held, by post/delivered to the last known address. The quorum of Annual General Meetings shall not be less than 1/3rd of the membership or 50 members whichever is less. Voting at this meeting shall be by show of hands. No proxy shall be valid at this meeting.

SPECIAL GENERAL MEETING

A Special General Meeting may be convened at any time jointly by the President and the Secretary General in writing or upon a requisition in writing made by not less than 25 members of the Association. Not less than 7 days notice in writing shall be given for such meetings. Quorum of such a meeting shall be one third of the membership or 50 members whichever is less. Proxy will not be allowed except for resolutions regarding amendments to the constitution.

COUNCIL OFFICE BEARERS

President Senior Vice President/ Vice Presidents The President shall be the head of the Council and preside at meetings of the council and of the Association Senior Vice President / Vice Presidents shall exercise such powers and functions as may be delegated by the Council. In the absence of the President, Senior Vice President or one of the Vice Presidents present shall preside over the Meetings of the Association/Council. Secretary General of the Association shall: Maintain minutes of all meetings of the Council and Association. Issue notice of meetings of the Council and Association. Prepare and present the Annual Report of the Association approved by the Council at the Annual General Meeting. Assist the President and the Council in the Administration. Maintain a register of members of the Association. Attend to the correspondence on behalf of the Council and the Association. Perform all such other duties as may be assigned by the Council

Secretary General

from time to time. Treasurer The Treasurer shall: be responsible for the collection of all monies due to the Association, including subscription fees of members. disburse all sums due from the Association as authorized by the Council. keep an account of all receipts and payments. prepare and submit quarterly statements of the financial position of the Association to the Council. prepare and submit duly audited accounts of the Association at the Annual General Meeting. maintain a register of members of the Association. perform such other duties relating to the financial affairs of the Association as may be assigned to him by the Council.

COMMITTEES
Standing Committees? The Council may from time to time appoint Committees for any purpose. The Council may determine and shall assign to each such Committee its duties and functions. Every such Committee shall include at least one member of the Council The Chairman of every Committee shall be a member of the Council. The Chairman shall preside at every meeting of the Committee at which he is present and in the absence of the Chairman a member chosen by the majority of members present shall preside at such meeting. The Association shall have a Council of Advisors not exceeding ten, comprising eminent senior bankers. The Advisors during a term of the council, shall be appointed by the council every year. Subject to any direction that may be given by the council a Committee may regulate its own procedures and conduct its business in such manner as it thinks fit.

FINANCE
The Association shall have the right to receive voluntary contributions, grants and gifts and make investments that the Council considers gainful to the Association. The Treasurer shall be responsible for the receipts and disbursements of funds and open an account in a bank in the name of the Association for such purposes as decided by the Council. Account shall be operated jointly by the President or the Senior. Vice

President or any one of the Vice Presidents with the Treasurer or in his absence the Secretary General. Any expenditure in excess of PKR 5,000/- or such other limit decided by the Council from time to time will require the approval of the Council. A Statement of audited accounts of the Association shall be presented at each Annual General Meeting duly approved by the Council. Accounts of the Association shall be audited annually by a reputed auditor who shall be appointed at each Annual General Meeting. Financial year of the Association shall be from 1 st January to 31 st December, of the same year.

AMENDEMENTS TO THE CONSTITUTION

The Constitution of the Association may be amended, added to or repealed at an Annual General Meeting or a Special General Meeting provided due notice has been given in writing and that at least 2/3rd of the membership vote for the changes. Voting by Proxy is permitted.

OTHER MATTERS
On any matters not provided for in the Constitution, the decision of the Council shall be final