Memorandum Of Association Format

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2) Following paragraph should be added as last paragraph: “ All the incomes ,earnings, movable or immovable properties of the society shall be solely utilised and applied towards the promotion of its aims and objects only as set forth in the Memorandum of Association and no portion thereof shall be paid or transferred directly by way of dividends, bonus, profits or in any manner whatsoever, to the present or past members of the society or to any person claiming through any one or more of the present or the past members .No member of the society shall have any personal claim on any movable or immovable properties of the society or make any profit ,whatsoever, by virtue of his membership Attested the signatures from No..


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