MEMORANDUM OF ASSOCIATION

(Registered under Karnataka Societies Registration Act, 1960

Serial No. 327/71-72 dated 20.01.1972)

AND

RULES AND REGULATIONS

AND

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ST

ITUT

M IC C H AN

Dr V K R V Rao Road, Nagarabhavi

Bangalore-560072

IA L

NO

INSTITUTE FOR SOCIAL AND ECONOMIC CHANGE

OC

(As amended up to 19 December 2013)

INSTITUTE FOR SOCIAL AND

ECONOMIC CHANGE
BANGALORE

INSTITUTE FOR SOCIAL AND ECONOMIC CHANGE

BANGALORE 560 072

MEMORANDUM OF ASSOCIATION*

In the matter of the Mysore Societies Registration Act, 1960

**
being an Act of the registration of literary, scientific and charitable
societies, and in the matter of the Institute for Social and Economic
Change:
I.

The name of the Society shall be the INSTITUTE FOR SOCIAL AND
ECONOMIC CHANGE (hereinafter referred to as the Institute).

II.

The permanent registered office of the Institute shall be situated at

Bangalore in the New Campus of the Bangalore University.

III. The objects for which the Institute has been established are:
1.

To conduct, sponsor and aid research in the field of social

sciences, pure as well as applied, to cover all aspects of
a growing and developing society, including economic,
sociological, demographic, educational and organisational
problems. Special attention will be paid to comparative
analysis, intra-regional, inter-regional and international and
to problems of backward regions and backward classes in
a developing society. Above all, the accent of the Institute will
be on the identification and development of human resources.

Note : * As on the date of Registration in 1972

Note : ** Read as Karnataka Societies Registration Act, 1960. Read Karnataka
wherever Mysore is mentioned.

MEMORANDUM OF ASSOCIATION

2.

To assist the State Government by undertaking systematic

studies for assessment of natural resources, mobilization of
financial and real resources, identification of factors retarding
growth and measures for overcoming them, identification of
regional and other inequalities and measures for redressing
imbalances, and perspective planning.

3.

To conduct training programmes and summer institutes for

University and College Teachers to improve their research
skills.

4.

To conduct training programmes in the economic, sociological,

demographic, educational and organisational aspects of
social and economic development and award certificates
and diplomas on the successful completion of their courses
by the trainees.

5.

To maintain a documentation and data centre in the social

sciences, especially with reference to the Mysore State and
the southern region.

6.

To institute scholarships, fellowships, and awards for teachers,

students and research workers for promoting research in
social sciences.

7.

To appoint distinguished social scientists as fellows of the

Institute.

8.

To publish books, periodicals and other literature in the field of

social science research as well as to sponsor and aid such
publications.

MEMORANDUM OF ASSOCIATION

9.

To organise, sponsor and aid seminars, workshops, study

circles, working groups/parties, and conferences for
promoting research or utilisation of social science research.

10. To conduct post graduate and under graduate courses in

social sciences of high academic standard for a selected
group of talented students.
11. To conduct a doctoral programme in collaboration with the
universities.
12. To conduct special post doctoral programmes for selected
scholars holding Ph.D degree or with a record of research work.
13. To establish fruitful contact between the Institute and other
institutions or scholars engaged in social science research
and in particular, to establish co operative relationship with
the Institute of Economic Growth, Delhi.
14. Generally to take all such measures as are within the
competence of the Institute for the promotion of research in
respect of social and economic development.
15. To perform such other academic functions and undertake such
other academic activities as may be approved by the Board
of Governors of the Institute.
IV. The names, addresses and occupations of the first members of the
Board of Governors of the Institute to whom, under the rules and
regulations of the Institute, the management of its affairs is entrusted
are given below:

MEMORANDUM OF ASSOCIATION

1.

A.S. Adke, Vice-Chancellor, Karnatak University, Dharwar

2.

Samuel Appaji, Education Secretary, Government of Mysore

3.

Sukhamoy Chakravarty, Member, Planning Commission,

New Delhi

4.

L.S. Chandrakant, Educational Adviser, Ministry of Education

& Social Welfare, New Delhi

5.

D. Javare Gowda, Vice-Chancellor, Mysore University,

Mysore

6.

A.M. Khusro, Director, Institute of Economic Growth, New

Delhi

7.

M.S. Muthanna, Director, Indian Institute of Technology,

Kanpur
K.C. Naik, Vice-Chancellor, University of Agricultural
Sciences, Bangalore

8.

9.

J.P. Naik, Member-Secretary, Indian Council of Social Science

Research, New Delhi

10. H. Narasimhaiah, Principal, National College, Bangalore

11. M. Narayanaswamy, Finance Secretary, Government
Mysore, Mysore

of

12. I.G. Patel, Secretary, Department of Economic Affairs,

New Delhi

MEMORANDUM OF ASSOCIATION

13. G.V.K. Rao, Planning Secretary, Government of Mysore,

Mysore
14. V.K.R.V. Rao, Hon. Fellow, Institute of Economic Growth,
Member of Parliament and Professor Emeritus, Delhi University,
8, Lodi Estate, New Delhi 3
15. M.N. Srinivas, Professor of Sociology, Delhi School of
Economics, Delhi University, Delhi.
16. T.K. Tukol, Vice-Chancellor, Bangalore University, Bangalore
V.

A copy of the Rules of the Institute is filed along

Memorandum of Association.

with this

VI. The income and the property of the Institute from whatever means
derived shall be dispensed with solely for the promotion of the
objects as set forth in the Memorandum.
VII. Professor V.K.R.V. Rao, Director of the Institute, No. 8, Lodi Estate,
New Delhi 3, is authorized to correspond with the Registrar of
Societies.

INSTITUTE FOR SOCIAL AND ECONOMIC CHANGE

BANGALORE 560 072

RULES AND REGULATIONS OF ISEC SOCIETY

(As amended and approved by Special General Body Meeting on
19.12.2013 and as Certified by Registrar of Societies, Bangalore North
Zone, Bangalore vide AMR No. 81-2013-14 dated 23.03.2014)

1. Short Title

These Rules may be called the Rules of the Institute for Social and
Economic Change.

2. Definition
In these Rules, unless the context otherwise requires:
a)

President shall mean the President of the Institute under Rule 6

b) Vice-President shall mean the Vice-President of the Institute

under Rule 6.
c)

Chairperson (hereinafter referred to as the Chairperson of

Board of Governors) shall mean the Chairperson of the Board
of Governors appointed under Rule 7.

d)

Director shall mean the Director of the Institute appointed

under Rule 8.

e)

Founder Member shall mean member under Rule 3(ii).

f)

Life Member shall mean Member under Rule 3 (ii A).

g)

Institutional Member shall mean member under Rule 3 (iii).

RULES AND REGULATIONS

h)

Honorary Member shall mean member under Rule 3(iv).

i)

Board of Governors shall mean the Board constituted under

Rule 9.

j)

Registrar shall mean the Registrar appointed under Rule 13.

k)

Bye-Laws shall mean the Bye-laws framed under Rule 11.

3. Members of the Institute

i.

ii.

The members of the Institute shall be of five Categories:

a)

Founder Members

b)

Life Members

c)

Institutional Members

d)

Honorary Members

e)

The Secretary / Additional Secretary / Joint Secretary,

Department of Economic Affairs, Union Ministry of Finance,
and Department of Education, Union Ministry of Human
Resource Development (MHRD), Government of India, New
Delhi, as may be nominated by the respective Ministries.

f)

The Principal Secretary / Secretary / Additional

Secretary to the Government of Karnataka in the
Department of Planning, Finance and Education, as may
be nominated by respective Departments.

g)

Vice-Chancellor, Bangalore University.

Founder members are persons who enroll themselves

as Founder Members on invitation by the Chairperson of

RULES AND REGULATIONS

the Board of Governors on her/his own initiative or on

the suggestion of a Founder Member, and who make a
contribution of Rs. 1000/- in one or more instalments not
exceeding 5 years from the date of their enrollment. Before
issuing such invitation however, the Chairperson shall consult
a sub-committee of the Board consisting of three persons,
who will act as an Advisory Committee for screening names
suggested for founder membership. The concession of paying
as above is restricted to those who have been admitted as
founder members on or before 1.12.1976. The total number
of founder members shall not exceed 300 at any time. The
Board of Governors shall have the power to admit new founder
members till the number reaches 300 on the proposal of the
Chairperson of the Board of Governors. Persons admitted
to the founder membership after 1.12.1976 shall pay
the contribution of Rs. 1000/- of which the minimum of Rs.
250/- on enrollment and the balance within a period of
twelve months of the confirmation of membership. Any default
in paying contribution within the prescribed period shall
automatically terminate membership. Every founder member
shall continue to be a member of the Institute for life. In the
case of those who have made a portion of payment at any
time before 1.2.1980, the time for paying the balance is
extended up to 30.6.1981.
iia) Notwithstanding anything contained in clause (ii), persons
enrolled as members on and after the 1st January 1990
shall be called Life Members. The total number of Founder
Members and Life Members shall not exceed 300 at any time.
Life Members may be enrolled on invitation by the Chairperson
of the Board. The Board shall constitute a Sub Committee of the
Board consisting of three members of the Board who will act
as an Advisory Committee for screening the names suggested

RULES AND REGULATIONS

for the Life Membership. The recommendations of the SubCommittee shall be placed before the Board of Governors after
whose approval, the Chairperson of the Board of Governors will
write to the persons selected to be the life members inviting them
to become Life Members. A person admitted to Life Membership
shall pay a contribution of Rs. 1,000/- within six months of
the invitation extended to him. In case of default in payment
of contribution within the prescribed period, the invitation
shall be deemed to have lapsed. Every Life Member shall
continue to be a member of the Institute for Life.
iii.

iv.

Institutional members shall be of the three following categories:

a)

Universities or Institutions of higher education or research

institutes, who make a contribution of not less than
Rs. 5,000/- in one or more instalments but within a
period of not more than two years.

b)

Educational and other charitable trusts who will make a

contribution of not less than Rs. 10,000/- in one or more
instalments but within a period of four years.

c)

Companies, Corporations, Partnerships or Firms

engaged in manufacture, commerce or finance who will
make a contribution of not less than Rs. 25,000/- in
one or more instalments but within a period of five years.
All institutional members shall have a term of 15 years as
members and be entitled to attend and vote at the Annual
General Meeting or other specially convened meetings
of the Institute through their Principal Executive or a Social
Scientist nominated for the purpose.

Honorary members shall be persons who have made significant

contribution to social science research in India and enrolled

10

RULES AND REGULATIONS

as such by the Board of Governors on the proposal of the

Chairperson. At any given time, such honorary members
shall not exceed five (5). The honorary members shall have
the same rights and privileges as Founder Members.
v.

The ex officio members mentioned in sub-rule (i) (e) and (f)

above shall have the same rights and privileges as Founder
Members.

vi.

The Institute shall maintain a Register of Members giving their

names, occupations and address. If a member of the Institute
shall change her/his address, she/he shall notify her/his
new address to the Director who shall there upon enter her/
his new address in the Roll of Members. But if she/he fails
to notify her/his new address, the address given in the Roll
of Members shall be deemed to be her/his address.

vii.

Vacancies: Vacancies among members may arise from

reasons indicated below:
a) death;
b) resignation addressed to the Director and accepted by
Chairperson of the Board of Governors.

viii.

Any vacancy in the membership of the Institute caused by

any of the reasons mentioned above shall be filled up in
accordance with the provisions of these rules.

ix.

Where any person is a member of the Institute by reason of

the office or appointment she/he holds, membership of the
Institute shall terminate when she/he ceases to hold that office
of appointment; and in her/his vacancy, her/his successor
in office or appointment shall automatically be a member
of the Institute. When there is a change of the incumbent

RULES AND REGULATIONS

11

holding office as Principal Executive nominated to represent

an Institutional member of the Institute, the new incumbent
will be eligible to represent the Institutional member for
the unexpired period of the term of membership.
4.

The Institute and all its committees shall function not withstanding
that any person who is entitled to be a member by reason of her/
his office is not a member of the Institute (or its committees) for the
time being and notwithstanding any other vacancy, whether
by non-appointment or otherwise; and no act or proceeding
of the Institute (or its committees) shall be invalidated or called in
question merely by reason of the happening of any of the above
events or of any defect in the appointment or any irregularities in
the election or nomination of any of its members.

5.

Authorities of the Institute : The following shall be the authorities

of the Institute:
(i) President
(ii) Vice President
(iii) The Board of Governors
(iv) Chairperson of the Board of Governors
(v) The Director
(vi) The Registrar

6.

President: The Governor of Karnataka shall be the ex-officio

President of the Institute.

Vice President: The Chairperson of the Board of Governors shall

be the ex-officio Vice-President of the Institute.

7.

The first Chairperson of the Board of Governors was Dr. V.K.R.V.

Rao. The subsequent Chairperson of the Board of Governors shall be

12

RULES AND REGULATIONS

elected from among the elected members of the Board of Governors.

However, the two staff representatives elected by the Academic Staff
of ISEC are not eligible to contest for the Chairmanship. But they
are eligible to vote when there is election for Chairmanship. The
Chairperson shall hold office for a period of three years, but shall
be eligible for re-election for a further period of three years only.

8. Director
i.

The first Director of the Institute was Dr. V.K.R.V. Rao who was
primarily responsible for the creation of the Institute. He held
office for a period of 5 years.

ii.

The procedure for subsequent appointments of the Director

shall be as follows:

A Selection Committee shall be constituted by the President

consisting of two nominees of the Board of Governors, other
than those who are members of the Board, one of whom shall
be designated as the Convenor, and a nominee of the
President. The Selection Committee shall prepare a panel of
not less than three persons, along with a detailed report and
submit the same to the President.

After considering the report of the Selection Committee and

calling for such further information, as she/he may desire,
the President shall make the appointment out of the panel of
names submitted. When the panel of names submitted by
the Selection Committee gets exhausted, it shall be open to
the President to request the Selection Committee to prepare
and submit a fresh panel.
iii.

The Director of the Institute shall be appointed for a term

of five years or up to her/his reaching the age of 65

RULES AND REGULATIONS

13

years whichever is earlier, but she/he shall be eligible for

appointment for a second term subject to the above. (AGM,
December 20, 2007).
iv.

The Director of the Institute shall be paid a monthly salary

equivalent to that of a Vice-Chancellor of a University in
Karnataka. The other terms and conditions of her/his service
shall be as determined by the Board of Governors.

v.

An incumbent Director shall continue in office for up to six

months if her/his successor is not selected or joins in time. If
the vacancy exceeds six months, BOG shall have the authority
to extend the appointment by a further period of six months
(BOG, September 29, 2007).

9. Board of Governors
i.

The governance of the affairs and finances of the Institute

shall be vested in the Board of Governors, who shall consist
of not less than 16 members as indicated below:
a.

The Director

b.

The Secretary/ Addl. Secretary/ Joint Secretary,

Ministr y of Finance, Dept. of Economic Affairs,
Government of India, New Delhi, as may be nominated
by the concerned Ministry.

c.

The Secretary/ Addl. Secretary/ Joint Secretary,

Ministry of Human Resources Development, Dept. of
Education, Government of India, New Delhi, as may be
nominated by the concerned Ministry.

14

RULES AND REGULATIONS

d.

A nominee of the Indian Council of Social Science

Research, New Delhi.

e.

The Principal Secretary/Secretary/Additional Secretary

to Government of Karnataka, Education Department as
may be nominated by the concerned Department.

f.

The Principal Secretary/Secretary/Additional Secretary

to Government of Karnataka, Finance Department as may
be nominated by the concerned Department.

g.

The Principal Secretary/Secretary/Additional Secretary

to Government of Karnataka, Planning Department as
may be nominated by the concerned Department.

h.

The Vice-Chancellor, Bangalore University.

i.

Ten members shall be elected as members of the Board

from among Founder, Life and Honorary Members on rolls.
The election for this purpose shall be by postal ballot
in accordance with the bye-laws framed by the Board
of Governors. The Founder, Life and Honorary Members
on rolls shall make the electoral college for this purpose.

The Life Members inducted from among faculty shall form

part of electoral college for election of 10 members of
Board of Governors and two representatives from faculty.

A Founder/Life and Honorary member may be elected as

members of the Board of Governors for not exceeding two
terms of three years each.

j.

Two members elected from among the academic staff of

the Institute in accordance with bye laws framed for the
purpose by the Board of Governors. An academic staff

RULES AND REGULATIONS

15

may be on the Board of Governors as Member for not

exceeding two terms of three years each.

ii)

k.

Three members representing institutional members one

each to be elected by each category of institutional
members from among themselves by postal ballot,
provided the total number of members in the category
is not less than 10.

l.

Four eminent persons co-opted to the Board of Governors,

of whom at least two shall be women.

Notwithstanding anything contained in sub rule (i) above,

the first Board of Governors consisted of the following:
a)

A.S. Adke, Vice-Chancellor, Karnatak University,

Dharwad

b)

Samuel Appaji,
Mysore

c)

Sukhamoy Chakravarty, Member, Planning Commission,

New Delhi

d)

L.S. Chandrakant, Educational Adviser, Ministry of

Education & Social Welfare, New Delhi

e)

D. Javare Gowda, Vice-Chancellor, Mysore University,

Mysore

f)

A.M. Khusro, Director, Institute of Economic Growth,

New Delhi

g)

M.S. Muthanna, Director, Indian Institute of Technology,

Kanpur

Education Secretary, Government

of

16

RULES AND REGULATIONS

h)

K.C. Naik, Vice-Chancellor, University of Agricultural

Sciences, Bangalore

i)

J.P. Naik, Member-Secretary, Indian Council of Social

Science Research, New Delhi

j)

H. Narasimhaiah, Principal, National College,

Bangalore

k)

M. Narayanaswamy, Finance Secretary, Government

of Mysore, Mysore

l)

I.G. Patel, Secretary, Department of Economic Affairs,

New Delhi

m) G.V. K. Rao, Planning Secretary, Government of Mysore,

Mysore
n)

V.K.R.V. Rao, Hony. Fellow, Institute of Economic Growth,

Member of Parliament and Professor Emeritus, Delhi
University, 8, Lodi Estate, New Delhi 3

o)

M.N. Srinivas, Professor of Sociology, Delhi School of

Economics, Delhi University, Delhi

p)

T.K. Tukol, Vice -Chancellor, Bangalore University,

Bangalore

(iii) a) All members of the Board of Governors other than ex

officio members shall hold office for a period of three

years from the date of their election or till the next annual

general meeting, whichever is later.
b)

Casual vacancies in the Board of Governors shall be

filled by nomination by the Board of Governors from
amongst the founder/life members or from the same

RULES AND REGULATIONS

17

category of representation in which the vacancy arose,

and such member or members shall hold office for the
unexpired period of the term of the elected members of
the Board.

Explanation: Casual vacancy means a vacancy caused by

resignation or death of the member.

10. Apart from the power vested in the Board of Governors over the
management of the affairs and finances general of the Institute,
the Board of Governors shall have the following specific powers:
i.

To constitute a Finance Committee and such other committees

or sub committees as provided in the bye laws and to delegate
to them such powers as the Board of Governors may deem fit.

ii.

To consider the Directors annual report on the working of the

Institute and submit the same to the Annual General Body
Meeting of the Institute.

iii.

To consider and pass the audited accounts and the annual

budget estimates of the Institute presented by the Director
and report the same to the Annual General Body Meeting
of the Institute.

iv.

To authorise and sanction expenditure of the funds of the

Institute.

v.

To create and maintain academic, research, administrative

and other posts in the Institute, fix the amount of their
remuneration and define their duties.

vi.

To make appointments to administrative, teaching, research

and other staff of the Institute.

18

RULES AND REGULATIONS

vii.

To enter into arrangements with the Government of India, State

Governments and other public or private organisations or
individuals for furtherance of its objective, for implementation
of its programs and for securing and accepting endowments,
grants in aid, donations or gifts on mutually agreed terms
and conditions, provided that the conditions of such grant in
aid, donations or gifts shall not be inconsistent or in conflict
with the objectives of the Institute or with the provisions of
these Rules.

viii.

To acquire by gift, purchase, lease or otherwise any

property, movable or immovable, which may be necessary or
convenient for the purposes of the Institute and to construct,
alter and maintain any building or buildings for the purpose
of the Institute.

ix.

To draw, make, accept, endorse, discount and negotiate

Government of India and other promissory notes, Bills of
exchange, cheques or other negotiable instruments.

x.

To invest any surplus funds of the Society not needed

immediately for research in accordance with the provisions
contained in the Income Tax Act, 1961, and the Board
of Governors shall have powers to sell or transfer such
investments.

xi.

To take over and acquire by purchase, gift or otherwise from

Government and other public bodies or private individuals,
movable or immovable properties or other funds together with
any attendant obligations or engagements not inconsistent
with the objects of the Institute; and

xii.

To sell, transfer, lease or otherwise dispose of any movable or

immovable property of the Institute.

RULES AND REGULATIONS

19

xiii.

The Board of Governors shall have the power to make bye-laws

for the conduct of the administration or affairs of the Institute.
However, such bye-laws shall not be inconsistent with these
Rules and the Memorandum of Association.

xiv.

The Board of Governors shall be the full and final authority on

any matter concerning the governance of the Institute.

11. Functions and Powers of the Director

i.

The Director of the Institute shall be the Chief Executive. She/

He shall be responsible for all academic and administrative
activities of the Institute. Her/His functions and power shall
be as determined by the Bye-laws.

ii.

The Director shall submit to the Board of Governors before

the end of each financial year, a report on the working of the
Institute.

iii.

The Director shall also submit an audited Statement of Accounts

for the completed financial year and financial estimates for the
coming year.

iv.

The Director will have powers to open an account or accounts

in the name of the Institute in any State Bank Group/
Nationalized Bank as per requirements of the Institute.

v.

The Director shall have the power to make temporary or part

time appointments to the Institute and determine the terms and
conditions of service of such appointments in accordance
with the Bye-Laws.

vi.

The Director shall have such other powers as may be necessary

for the proper exercise of her/his function as the Chief
Executive of the Institute.

20

RULES AND REGULATIONS

12. Registrar

The Registrar of the Institute shall be appointed by the Director on

the recommendations of the duly constituted Selection Committee
and such appointment shall be reported to the Board of Governors
in accordance with the bye-laws. Her/His powers and functions
will be prescribed by the bye-laws.

13. General Meetings

i.

The Annual General Body Meeting of the Institute shall be

held once every year at such time, date and place as
the President may decide. At this meeting called the Annual
General Body Meeting, the report of th Management of
the Institute for the previous year beginning from 1 April
and ending 31 March, together with an audited copy of
the balance sheet, income and expenditure account and
the auditors report and any other matter that may be placed
before it by the Board of Governors shall be taken up for
approval.

ii.

The first Annual General Body Meeting shall be held by the

Institute within 18 months of its registration. The next Annual
General Body Meeting of the Institute shall be held within 9
months after the expiry of the year beginning from 1st April
and ending on 31 March, in which the first Annual General
Body Meeting shall be held; and thereafter the Annual General
Body Meeting shall be held within 9 months after the expiry
of the year.

iii.

A Special General Body Meeting may be convened at any

time on the requisition of the President or the Chairperson of
the Board of Governors or on the requisition of not less than
one third of the number of members of the Board of Governors,

RULES AND REGULATIONS

21

or one tenth of the total number of the members of the Institute

entitled to vote who shall state in writing the business for which
the meeting is to be convened and the Board of Governors
shall, within ten days from the date of the requisition, proceed
duly to call a meeting for the consideration of the business
stated on a day not later than forty days from the date
of receipt of the requisition.
iv.

All meetings shall be called by notices under the signature

of the Registrar or any other officer authorised in this behalf
by the Director.

v.

Every notice calling a meeting shall state the date, time

and place at which such meeting shall be held and
shall be communicated in writing to every member at the
address mentioned in the Register of members not less than
21 clear days before the date appointed for the Annual
General Body Meeting and 15 days for a Special Meeting.

vi.

If a member has no registered address in India and/or

has not supplied to the Institute an address within India for
giving notice to her/him, a notice of meeting advertised
in a newspaper in Kannada and a newspaper in English
or any other language circulating in the neighbourhood to
her/him on the day on which the advertisement appears
in the newspaper shall be deemed sufficient for all purposes.

vii.

The President shall preside at all ordinary or special meetings.

In her/his absence, the Vice President shall preside. In their
absence, the Director shall preside. In the absence of all the
three, the members present shall elect the Chairperson of the
meeting from amongst themselves.

viii.

One-tenth (SGM, December 20, 007) of the number of Founder

Members, Life Members, Honorary Members and Ex-officio

22

RULES AND REGULATIONS

Members on rolls shall form the quorum. If there is no quorum

at the Meeting, the meeting shall be adjourned for half-anhour and it will then be held even if no quorum is present.
ix.

The procedure to be followed at the meeting shall be laid

down in the bye-laws framed by the Board of Governors.

14. Once in every year on or before the fourteenth day after the Annual
General Body Meeting of the Institute a list of documents as required
under Section 13 of the Karnataka Societies Registration Act, 1960
shall be filed with the Registrar of Societies, Karnataka.
15. The Auditors for auditing the annual accounts of the Institute shall be
appointed in the Annual General Body Meeting.
16. On the dissolution of the Institute if there shall remain, after
liquidation of its debts and liabilities any property whatsoever, the
same shall not be paid or distributed among its members but shall
be transferred to some other similar Institute or to the Government
for the promotion of similar objects as required under Section 23
of the Karnataka Societies Registration Act, 1960.

17. Alteration of Memorandum of Association and

Rules and Regulations
i.

Whenever it shall appear to the Board of Governors of the

Institute that it is advisable to alter, extend or abridge
the objects for which the Institute has been established, as
specified in Section 3 of the Karnataka Societies Registration
Act 1960, the Board of Governors may submit a
proposition to the members of the Institute in a written or
printed report, and may convene a Special General Body
Meeting for the consideration thereof according to the rules

RULES AND REGULATIONS

23

and regulations. No such proposition shall be deemed to have

been approved unless such reports have been delivered or
sent by registered post to every member of the Institute 21 days
previous to the date of the Special General Body Meeting
convened by the Board of Governors for the consideration
thereof, and unless such proposition shall have been agreed
to by the votes cast in favour of the proposition by members
who being entitled so to do, and such votes are not less
than three times the number of votes, if any, cast against the
resolution by members so entitled and voting and confirmed
by a similar majority of votes at a second Special General
Body Meeting convened by the Board of Governors after an
interval of 30 days after the former meeting.
ii.

Whenever it shall appear to the Board of Governors of

the Institute a need to amend the name and rules and
regulations of the Institute, the Board of Governors may submit
the proposal to a Special General Body Meeting convened
for the purpose of which notice shall have been delivered or
sent by registered post to every member of the Institute 21
days previous to date of the Special General Body Meeting
and the resolution proposing the amendment is passed by
the votes cast in favour of the resolution by members who are
entitled so to do, and such votes are not less than three times
the number of votes, if any, cast against the resolution by
members so entitled and voting.

iii.

No amendment to Memorandum of Association/Rules and

Regulations shall be made which may prove to be repugnant to
the provisions of Sections 215, 11, 12 and 13 and 80 (G)
of the Income Tax Act 1961 as amended from time to time.
No amendment involving matters of income tax or exemption
thereof shall be carried out without the prior approval of the
Commissioner of Income Tax.

24

RULES AND REGULATIONS

18. Meeting of the Board of Governors

i.

The Board of Governors shall meet not less than three times
during every calendar year at such time, date and place
as the Chairperson may decide. The interval between any
two consecutive meetings, shall, however, not be more than
six months.

ii.

The meetings shall be called by notice under the signature

of the Registrar or any other officer authorised in this behalf
by the Chairperson and communicated in writing to each
member of the Board of Governors at the address mentioned
in the Register of Members not less than 15 days before the
date fixed for the Meeting. Provided that the Chairperson
may call a meeting of the Board of Governors at such shorter
notice as may be expedient.

iii.

One third of the number of members on the Board of Governors

shall form the quorum. The requirements of quorum shall not,
however, apply to adjourned meetings.

iv.

The procedure to be followed at the meetings may be laid

down in the bye-laws framed by the Board of Governors.

19. The Board of Governors may dispose of urgent matters by circulating

papers, if so desired by the Chairperson. All resolutions and
decisions thus made shall be reported at the next meeting of the
Board of Governors.

MEMORANDUM OF ASSOCIATION
(Registered under Karnataka Societies Registration Act, 1960
Serial No. 327/71-72 dated 20.01.1972)

AND

RULES AND REGULATIONS

AND

EC

E FO
R

ST

ITUT

M IC C H AN

Dr V K R V Rao Road, Nagarabhavi

Bangalore-560072

IA L

NO

INSTITUTE FOR SOCIAL AND ECONOMIC CHANGE

OC

(As amended up to 19 December 2013)

INSTITUTE FOR SOCIAL AND

ECONOMIC CHANGE
BANGALORE