Constitution

22. AMENDMENT OF CONSTITUTION

The Constitution may from time to time be amended provided that such amendments are approved by not less than three-fourths of the members of the Institute who are present in person or by proxy at a General Meeting of which the requisite notice has been given with full particulars of the proposed amendments and the quorum for such meeting shall be not less than 25 members of the Institute.

 

23. WINDING UP

(a)

The Institute may be dissolved and/or wound up at any time by either:

(1) a unanimous resolution to that effect taken by all the Executive Committee members then in office; and
(2) by a resolution of not less than three-fourths of the members who are present in person or by proxy at a duly convened and constituted general meeting and in respect of which clause 15 (c) shall apply.

 
(b) Members shall not have any claim in respect of any surplus there may be on winding up of the Institute.
(c)

Upon its being wound up any funds or assets of the Institute remaining after the payment of the debts and expenses of the Institute and the costs of winding up shall be distributed to or amongst such kindred or related associations, bodies or institutions with objects similar to those of the Institute, including educational institutions (but excluding individual members or firms or companies controlled by members) as the Executive Committee shall decide.

 
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