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BY-LAWS OF SHRI SWETAMBAR STANAKWASI JAIN EDUCATIONAL SOCIETY

By-Laws: Services

PRELIMINARY

1. In these Bye-laws unless there is something repugnant to the subject or context:
“Society* shall mean Shri Swetambar Stanakwasi Jain Educational Society, registered under Section 8 of the Societies Registration Act, No. XXI of 1860.


“Member” shall mean a member of Shri Swetambar Stanakwasi Jain Educational Society.


“The Committee” shall mean the Executive Committee elected under the Bye-laws of Shri Swetambar Stanakwasi Jain Educational Society.

“Committee Meeting” shall mean the meeting of the Executive Committee of Shri Swetambar Stanakwasi Jain Educational Society.

“Month” shall mean the English Calendar Month;

“Year” shall mean the year of twelve months ending with 31st March every year or such other year as may from time to time be determined by the Executive Committee, and words importing the singular number shall include the plural number and vice versa; similarly words importing the masculine gender shall include the feminine gender.

2. The current address of the Registered Office of the Society is 3, Madley Road, T. Nagar, Chennai – 600 017.
3. The business hours of the Society shall be 10 AM to 5 PM on all working days except Sundays and Government Holidays.
4. The objects of the Society are those mentioned in the Memorandum of Association.

MEMBERS

5. The Society shall consist of members of the Jain Community, except in case of Honorary Members.
6. (a) Any person who is not below 18 years of age and who belongs to the Jain community shall be eligible to apply for membership of the Society provided that
those who are employed by or who had been dismissed from the service of or admonished for misbehavior during their employment in the Society or its institutions, shall not be so eligible.
(b) An application for membership shall be made in the prescribed form appended to these Bye-laws. The Committee may either accept the application or reject it at its discretion without assigning any reason.
(c) Any person who fails to secure admission as a member shall not be eligible to apply for membership for a period of 6 months from the date of refusal of admission.

7. (a) There shall be five classes of members;
(i) Hereditary Patrons,
(ii)Hereditary Members,
(iii)Life Members,
(iv)Ordinary Members and,
(v)Honorary Members
(b) A person, who donates to the Society or for any project of the Society a sum of Rs.5 lakhs or more in lump sum shall become a Hereditary Patron of the Society.
(c) The Hereditary Patron member will become an Executive Committee Member automatically after every election. After his demise his eldest son or his legal heir will be the Hereditary Patron member.
8. (a) Any person who pays subscription in a lump sum of Rs.25,000/- to the Society shall be eligible to become a Hereditary Member of the Society.
(b) The Committee may admit a person who pays a subscription of Rs.5000/- in a lump sum to the Society as a Life Member of the Society.
(c) The Committee may admit a person who pays annual subscription of Rs.500/- in a lump sum to the Society as an Ordinary Member of the Society. He will continue
to be such Member as long as he pays the subscription annually.
(d) Any person who wishes to apply for membership of the Society must submit his application in the prescribed form.

(e) The Committee, if it deems fit, may admit as an Honorary Member a person, whether or not he belongs to the Jain Community, in recognition of his meritorious
services to the Society or for any outstanding contribution towards the objects of the Society.
9. Any donation made to any of the Society’s institutions, excepting that made direct to Sri S.S.Jain Educational Society, shall not be deemed to be towards subscription
for the purpose of membership of the Society.
10. A complete list of all members shall be maintained in a Register called the Register of Members, in which their full address and any change occurring therein from time
to time shall be recorded by the Secretary General. When an applicant for membership secures admission, his name shall be immediately entered in the Register of Members
and he shall be furnished with a copy of the Bye-laws of the Society free of cost.

SUBSCRIPTION

11. (a) The subscription payable by an Ordinary Member shall be Rs.500/- per year.
(b) The Society may accept donations from a person, firm,company, trust, association or Joint family on behalf of any person connected with or related to them and in that event, the person on whose behalf the donation is made alone shall have the rights of Hereditary Patron ship or Hereditary membership.

12. Hereditary Patrons, Hereditary Members, Life Members and Honorary Members shall not be required to pay any annual subscription to the Society .
13. Any member who is in arrears of subscription for more than three months, shall cease to be a member from that date and such member when seeking readmission into
the Society shall be required to pay all the arrears due by him till the date when he ceased to be a member.
14. Any Member may resign his membership by a written notice to the Secretary General but his responsibilities as a member shall not cease until his resignation is accepted.In like manner, any person who for any reason whatsoever ceases to be a member, shall nevertheless remain liable for and shall pay to the Society all monies due by him to the Society till the date of cessation of his membership.
15. The affairs of the Society shall be managed by an Executive Committee consisting of hereditary patron members and elected members. The elected members shall be twice the number of hereditary patron members. From the members of the so constituted Executive Committee shall be elected President, Vice-President, Secretary General, Joint Secretary and Treasurer. The Secretary General and the Treasurer, shall be Stankwasi Jains only. Not less than three-fourths of the members of the Executive Committee shall be elected from among the members belonging to the Stankwasi Jain Community.
16. If any member of the Committee fails to attend three consecutive meetings, the Committee may declare his aunt and he shall thereafter cease to be a member of the Committee and if he holds any office, he will cease to hold that office. However, before declaring his seat vacant, a show cause notice shall be issued with two weeks time for reply. The reply, if any, received shall be considered by the Committee before declaring his seat vacant. It shall, however, be competent for the Committee to reinstate him as such member or office-bearer.
17. Any member of the Committee may resign his membership of the Committee by a written notice to the Secretary General but his responsibility as such member shall not
cease until his resignation is accepted.

18. ELECTION

a) The members of the Committee shall be elected once in two years from among the members of the Society.
b) Election for the Committee shall be conducted on or before the 30th of September.
c) The term of office of the elected members shall commence immediately after the election.
d) Members seeking election to the Committee shall have their membership current for at least three years prior to the date of the election.
e) All Hereditary Patron members shall be elected as members of the Executive Committee as provided in Bye-law 33 infra.

f) Members who have their membership current for at least two years prior to the date of election shall alone have the right to vote.
g) (i) Procedure: Nominations shall have to be filled in the prescribed form available at the Society’s office. The proposer and seconder shall have their membership current at least two years prior to the date of election.
(in) The last date for receipt of nominations shall be 10 days prior to the date of election.
(iii) 5 days time shall be allowed for withdrawal of nominations.
(iv) Notice regarding date of election shall be given to the members at least 21 days in advance.
(v) All elections shall be conducted by secret ballot only.
(vi) The Committee shall appoint an Election Officer for conducting the election of the members of the Executive Committee.
h) Where any necessity arises for formulating more detailed rules of election procedure, the same may be done by the General Meeting.
19. (a) The Committee shall, at the commencement of its term, elect from amongst its members the President, Vice-President, Secretary General, Joint Secretary and Treasurer as provided in Bye-law 15 supra. These office-bearers of the Committee shall propose the names of the office-bearers and members of the Sub-Committees for all the Society’s institutions within 21 days. However. If any member proposes the name of any other person for any office or membership of any Sub-Committee, then the Committee may proceed to elect any person or person from among its members in lieu of the same. (b) The election shall be determined by majority of votes of members present.
(c) Members who seek election for the post of President and Secretary General shall be members of the Society for at least 5 years prior to the date of election and they must have served at least two terms as member of the Committee.
20. (a) The office-bearers of the Society and Secretaries of the Society’s institutions shall continue in office till their successors are elected and take charge of their respective offices.
(b) The office-bearers of the Society and its institutions shall be responsible for any irregularity committed by them during their tenure of office. All the office-bearers
and members of the Sub-Committees shall serve at the pleasure of the Committee.
21. If any vacancy arises in the Executive Committee during its term, the vacancy can be filled by election in a General Meeting from amongst members of the Society. When
any office-bearer of the Society or any office-bearer of other member of any Sub-Committee ceases to hold that office/membership for any reason, the Committee may fill as expeditiously as practicable, the vacancy by electing one of its members to that position.

PRESIDENT

22. The President shall, if present, preside over all Ordinary or Extraordinary General Meetings of the Society and the meetings of the Committee and conduct their proceedings.
23. The President shall have a second or casting vote in all cases of equality of votes.
24. When vacancies arise in the office of the Secretary General and the Joint Secretary simultaneously the President shall, pending elections to those offices, possess
and exercise the powers of the Secretary General and attend to the duties of the Secretary General in addition to his own powers and duties.

VICE-PRESIDENT

25. The Vice-President shall have all the powers and perform all the duties of the President in the absence of the President.

SECRETARY-GENERAL

26. The Secretary-General shall convene all the meetings of the Society and shall give due notice of these meetings to the members concerned. He shall record or cause to be recorded the minutes of the proceedings of these meetings in the minute's book and shall get the minutes signed by the Chairman of the meeting to which they relate. He shall carry on all correspondence in the name and on behalf of the Society and shall promptly carry out the decisions of the Committee. All communications intended for the Society shall ordinarily be addressed to him.


The Secretary-General shall be entitled to obtain from Secretaries of the Society’s institutions whatever information regarding the institutions he requires and where the information called for is not forthcoming within two weeks he may call for the same from the heads of the institutions. He may also render such advice as he deems necessary to the Secretaries of the institutions.


The Secretary General shall be a member ex-officio of the Sub-Committees of all the Society’s institutions. Where he deems necessary, he may direct the Sub-Committee
to refer any matter to the Executive Committee for its decision. He may depute the Joint Secretary to attend the meetings of the Sub-Committees.


27. In. all proceedings in any Court of Law, the Secretary General or the Joint Secretary, as may be determined from time to time by the Committee, shall be the person to use and be sued in the name of the Society.


28. The Secretary-General shall on receipt of a requisition signed by any member asking for permission to inspect the proceedings book or other records of the Society permit him to do so after obtaining the permission in writing of the President thereon, provided that the requisition is received at least a week in advance of the proposed date of inspection. He shall not however allow the member to take the records out of the registered office of the Society under any circumstances whatsoever nor take copies thereof.

JOINT SECRETARY

29. The Joint Secretary shall act for the Secretary-General during his absence. He shall assist the Secretary-General in the discharge of his duties and do such of the work as may from time to time be prescribed by the Committee or the President or the Secretary-General.


30. The Treasurer shall maintain accounts and be responsible for the prompt collection of all dues and subscriptions from the members. He shall submit to the Committee quarterly statements of receipts and disbursements of the Society for adoption. He shall also place before the Annual General Meeting the income and Expenditure Account and/Balance Sheet for the year signed by himself, the President and the Secretary-General and duly certified by the Auditors appointed for the purpose.


31. The Treasurer shall not keep in his hands any amount exceeding Rs. 15,000/-, but shall deposit in the name of the Society all sums in excess of that amount in any approved bank or banks, as may from time to time be determined by the Committee.


All withdrawals from the bank or banks shall be jointly made by the Treasurer and the Secretary-General/Joint Secretary. The Treasurer shall not admit any bill for payment unless it is signed by the Secretary-General and the item is included in the budget or payment is otherwise sanctioned by the Committee.

32. The entire management of the affairs of the Society and all its branches of activity shall be vested in the Executive Committee who in addition to the powers vested in them may exercise all such powers and do all such acts and things as may be exercised by or done by the Society.


33. (a) Every Hereditary Patron not below 18 years of age, shall be elected as a member of the Executive Committee.
(b) A Hereditary Patron member will become an Executive Committee member automatically after every election.


34. The Committee shall meet ordinarily once in 3 months and, if necessary, more often to transact business and may adjourn or otherwise regulate its meeting as it deems expedient. These meetings shall be called Ordinary Meetings of the Committee. Quarterly Statements of receipts and payments of the Society shall be placed before the Committee for adoption as also the quarterly statements of receipts and payments of its institutions after they have been duly approved by the respective Sub-Committees of the institutions.


35. Ten Members of the Committee including the Secretary-General or the Joint Secretary shall form the quorum for the transaction of business at any meeting of the Committee. If for any meeting quorum is not available within half an hour of the scheduled time, then the meeting shall stand adjourned to the same day and hour next week and for such adjourned meeting no quorum shall be required.

36. Ordinary and Special Meetings of the Committee shall be convened by the Secretary-General. A Special Meeting of the Committee shall also be convened by the Secretary-General on the written requisition of not less than 15 (fifteen) members of the Committee, who shall state the object for which such meeting is required to be convened. If the required meeting is not convened within a week from the receipt of such requisition, the requisition may themselves convene the meeting and the business transacted at such meeting shall be as valid as transacted at an ordinary meeting of the Committee convened by the Secretary-General, provided that not less than three-fifths of the members of the Committee are present at such meeting.


37. If neither the President nor the Vice President is present within ten minutes of the time fixed for the meeting the members present may choose anyone among themselves to be the Chairman of the meeting.


38. For every ordinary meeting of the Committee, members shall be given at least seven days notice and for special meetings, three days notice shall be given, and no subjects other than those announced in the agenda issued for the meeting shall be transacted at that meeting, but other subjects can also be taken on the agenda if allowed by the Chairman of the meeting.


39. Any question arising at any meeting of the Committee shall be decided by a majority of votes and in the case of an equality of votes, the Chairman shall have a second or casting vote.

40. The Committee shall after the close of every year prepare a report on the work of the Society and its institutions for that year together with a Statement of Income and Expenditure and Balance Sheet relating to that year and with the Auditors’ Report thereon shall place the same before the members for adoption at the Annual General Meeting of the Society on or before 30th September. Copies of the Statement of Accounts should be sent to the Executive Committee members along with the notice of agenda for the Executive Committee meeting.


41. The annual budget of the Society and its institutions shall be placed before the Committee for its approval before 30th June of every year.


42. The Committee shall maintain the necessary establishment to carry on the work connected with the management of the Society and its institutions and the strength and the scale of pay of such establishment shall from time to time be determined by the Committee.


43. (a) All the properties of the Society and its institutions shall be acquired in the name of the Society and shall be vested in it. When documents have to be executed by the Society they shall be executed in the name and on behalf of the Society by the President, the Secretary-General and the Treasurer for the time being, after the proposition for such a transaction has been finalized at a meeting of the Committee and previous notice thereof has been given to the members.

(b) The Committee may from time to time determine the administration charges etc. payable by the institutions accommodated in the Society’s properties.


44. All acts done at any meeting of the Committee shall, notwithstanding that it be afterwards discovered that there was some defect in the election of any of the members of the Committee or that they or any of them were disqualified, be as valid as if every such member had been duly elected and had been duly qualified to be a member of the Committee.

POWERS OF THE COMMITTEE

45. Without prejudice to the generality of the provisions of Bye-law 32 supra, the Committee will have the following powers:
a) To frame rules for the conduct of the business of the Society for prescribing the duties of the several office- bearers, for the management of the properties and funds of the Society, for the management of the Society’s institutions, for admission of members, for preparation of budgets, for raising funds, for investing the monies of the Society in approved securities as permitted by law, for purchase of properties, for the safe custody of documents and for other things incidental or conducive to the working of these by-laws.
b) To purchase, take on lease, hire or otherwise acquire movable or immovable property and any rights or privileges which it considers necessary for the attainment or furtherance of the Society’s objects.

c) To manage, lease, construct or alter any buildings or works necessary for the purposes of the Society.
(d) To reimburse the Secretary-General, the Joint Secretary, and any office bearer, any conveyance or other incidental expenses actually incurred by them for the purposes of the Society.
e) To incur other expenses incidental to the caring out of the objects of the Society.
(f)To spend not more than 25% over the budgeted figure of each of its institutions.
g) To appoint any member or members to wait in deputation on any officer of Government or any other body or the members of the Legislature or other
distinguished persons, in order to submit a representation on behalf of the Society in connection with any proposals or legislative measures likely to affect the objects of the Society.
h) To consult and appoint legal counsel for the purpose of advising the Committee on any important matter connected with the Society and to authorize any member or members in addition to or in lieu of the Secretary-General or the Joint Secretary to represent the Committee in any special case in a duly constituted Court of Law, either as Plaintiff or as Defendant and before any officers of Government and to sanction and authorize payment of the relative legal bills.
(i) To appoint any members of the Committee as a sub-committee for any specific purpose connected which the work of the Society.

(j)To frame guidelines relating to all aspects of the administration of its institutions and the working of its Sub-Committees.
k) To appoint, suspend or dismiss Heads of institutions managed by the Society.
(l)To vest in the Secretary General full powers of control over the office of the Society.
(m) To take steps for collection of subscriptions, if any,donations or other things for carrying out the objects of the Society.
(n) To remove a member from the membership of the Society, if he is adjudged insolvent or convicted by a court for any offence involving moral turpitude or is in
the opinion of the Committee guilty of any misconduct likely to reflect detrimentally on the Society or that his continuance as a member is likely to be prejudicial to the interests of the Society; provided that no member shall be removed without being given an the opportunity of being heard and further provided that the motion for removal of a member must be approved by not less than 2/3 members of the Committee present and voting.
0) Any proposal either to establish institutions or to rename any of the institutions shall be placed by the Executive Committee before the General Body Meeting for its approval except the existing institutions duly named after individuals.

p) To name any building, hall, block or to have any plaque bearing any name affixed to any such property.
q) (i) To constitute Sub-Committees for all Society’s institutions as provided in Bye-law 19(a) above. Each Sub-Committee will ordinarily consist of seven members including its Correspondent and Secretary, (excluding Secretary-General Ex-Officio and
Headmaster/Principal).
(ii) if deemed necessary to dissolve the Sub- Committee of any institution and reconstitute it at any

(r)The Executive Committee shall have the power to raise loans by way of temporary overdraft from any bank or banks for carrying out the objects of the
Society provided such a decision is taken at the Committee where not less than 50% of the members were present, and for which purpose previous notice has been given to members of the Committee.
(s)To deposit all monies belonging to the Society and its institutions in such securities as are approved under the Societies Registration Act and other relevant laws,
(t) To determine from time to time the fees leviable for furnishing the members with copies of the bye-laws, annual accounts and the list of members.
(u)To appoint at the commencement of its term a Governing Council consisting of President, Vice- President, Secretary-General, Joint Secretary, Treasurer, Secretaries, Correspondents and Associate Secretaries of all the Institutions of the Society with the primary objective of improving the administration of the institutions, improving the standard of education, monitoring the progress of all the Institutions and performing such other functions as may be delegated to it by the Executive Committee. The Governing Council shall ordinarily meet once in 3 months or as often as required.


46. The Sub-Committees appointed for all the institutions shall be subject to the control and supervision of the Executive Committee. Every institution shall send quarterly statements of receipts and payments duly approved by the concerned Sub-Committee to the Registered Office of the Society. It shall submit to the Committee its budget not later than 31st May and annual accounts not later than 30th June. It shall regularly send the agenda for the meetings and the minutes of the meetings to the Secretary-General for placing them before the Committee. It shall also communicate to the Secretary-General the academic results pertaining to the annual examinations including University and Board examinations taken by the students of the institution.


The Secretary of each institution shall, with the approval of the Committee, take such steps as are expedient to make good the deficit, if any, in its working. The offices of the Secretaries of the Society’s institutions shall function at the premises of the respective institutions or at the Registered Office of the Society or at any other place approved by the Committee.

47. Where any institution proposes to upgrade or to diversity or to introduce co-education or otherwise change the character of the institution, it shall be mandatory for it to seek prior approval of the Committee. The Committee if it deems necessary may refer the matter to General Body Meeting for its approval.

ACCOUNTS

48. The Committee shall cause true and accurate accounts to be kept of the sums of money received and expended by the Society together with complete details of such receipts and expenditure and of the assets and liabilities of the Society. Every item of income and expenditure shall be supported by a proper voucher.


49. The account books and other papers of the Society shall be kept at Its Registered Office and those relating to its institutions, at their respective offices or at the Society’s Registered Office, unless otherwise permitted.


50. The statement of income and expenditure and the balance sheet for the year prepared by the Committee in pursuance of Bye-law 40 supra, shall be signed by the President, the Secretary-General and the Treasurer.


51. The General Meeting shall appoint one or more Chartered Accountants to audit the accounts of the Society and its institutions and he or they shall be paid remuneration as may be fixed at that meeting.


52. No auditor shall be a member of the Committee or an employee in the service of Society.

53. The Auditors shall conduct an audit of the Society and its institutions and shall upon careful scrutiny and verification of their accounts certify as to their accuracy and submit a detailed report thereon to the Society.

GENERAL MEETINGS

54. General Meetings of the Society shall be either *ordinary ” or “extraordinary”.
55. An ordinary General Meeting of the Society shall be held once a year at the Registered Office of the Society or at any place mentioned in the notice issued for the meeting, not later than 30th September, for the adoption of the annual report in respect of the Society and its institutions for the previous year together with the final accounts of the Society and its institutions and the Auditors’ Report thereon, for the appointment of the Auditors and for dispatch of other business, if any.


56. No proposition on any matter contained in the Annual Report or its appendices shall be moved at the Annual General Meeting unless seven days previous notice in writing of such proposition has been given.

     

Any member who is desirous of seeking clarification in respect of the statement of accounts presented for adoption in the General Body Meeting shall send his
queries in writing at least one week prior to the date of the meeting, to the Secretary-General.


57. The Secretary-General shall, whenever the Committee thinks fit, convene an Extra-Ordinary General Meeting and he shall also upon a written requisition signed by not less than one-sixth of the members on the Register of Members at the time, convene an Extra-Ordinary General Meeting within 30 days from the date of receipt of the requisition.
The requisitionists shall specify the object for which such meeting is required to be convened and the requisition shall be addressed to the Secretary-General and delivered at the Registered Office of the Society.


58. If the Extra-Ordinary General Meeting required to be [convened under the preceding Bye-law is not convened within the time referred to therein, the requisitionists may themselves convene the meeting at the Registered Office
of the Society and the business transacted at such meeting shall be as valid as transacted at an Ordinary General Meeting convened by the Secretary-General; provided that not less than three-fifths of the number of Members of the Society is present at such meeting.


59. Except for the Extra-Ordinary General Meeting which is convened by the requisitionists as per the preceding By-law, at all General Meetings, Ordinary or Extra-Ordinary, 50 members shall form the quorum.


60. In the case of a General Meeting, Ordinary or Extra-Ordinary, if a quorum is not present within one hour from the time fixed for the meeting, the meeting shall stand adjourned to the same day the next following week and at the same time and place and if at such adjourned meeting the required quorum js not present within an hour from the time fixed, the Extra-Ordinary General Meeting shall, if called in compliance with a requisition from members as provided in Bye-laws 57 and 58 supra, be dissolved, while the other General Meeting shall be proceeded with, notwithstanding the fact that the required quorum is not present.


61. The Chairman may, with the consent of the members present at a General Meeting adjourn any such meeting from time to time and from place to place; but no fresh business except that leftover at the previous meeting shall be transacted at the adjourned meeting.


62. The Secretary-General shall place before the General Meeting any proposition to be moved by members at that meeting; provided that a written notice of such proposition shall be addressed to the Secretary-General and delivered [at the Registered Office of the Society not less than seven days before the date of the meeting.


63. For every General Meeting of the Society, members shall be given at least 21 days notice, specifying the place, the date and the time of the meeting. This notice shall be delivered to members either in person or sent by post to the address recorded in the Register of Members and a notice sent to a member by post to such address shall be
deemed to have been served on him at the time when it would be delivered to him in the ordinary course by post.


64. No business transacted at a General Meeting shall be invalid by reason only of any irregularity in the issue or service of the notice convening the meeting.
65. Every question coming up for consideration at a General Meeting shall be decided by a majority of votes, The voting shall be by show of hands in the first instance and unless a poll is demanded by at least one-fourth of the members present at the meeting, a declaration made by the Chairman that a resolution has been carried shall be final. In the event of an equality of votes, the Chairman shall exercise the casting vote,
66. All classes of members, except Honorary Members, have the right to vote at General Meetings, These members can however attend such meetings and take part in the discussions carried on at these meetings.


67. The Memorandum of Association and the Bye-laws of the Society shall be altered, amended or deleted only at a specially convened General Meeting. The Secretary General shall give 21 days notice to the Members for such a meeting. Copies of proposition for amending the Bye-laws can be obtained by members from Society’s office during business hours on any working day.

      

In case any member desires to propose any modification to the proposed changes, he should send an intimation to that effect to the Secretary General and deliver it at the Registered Office of the Society not less than 10 days before the date of the meeting. The copies of those suggestions or modifications shall also be sent to members before three days of the date of the meeting.


68. (a) Any dispute arising out of any decision of the Committee or in respect of interpretations of the Bye-laws of the Society, shall at the first instance be
referred for arbitration to a committee of three persons chosen from among the members of the Society in accordance with the Arbitration Act and its verdict
shall be final and binding on all the members.


(b) Any other dispute about the rights of a member or about any matters of procedure pertaining to any meetings including general meetings may also be referred to arbitration as above.


69. All surplus funds of any of the Society’s institutions, i.e., funds other than those required for its day-to-day operations, shall be invested in the joint names of the Society and that Institution. The interest earned shall be utilized for the benefit of the respective institutions.


70. The Society may collect from its various institutions administrative charges as may be determined by the Committee from time to time.


71. Any property of the Society or its institutions shall not be leased out whether for rent or otherwise without the prior approval in writing of the Committee.


72. Any property of the Society or its various institutions subject to availability and without causing inconvenience to the students may be allowed to be used for religious, social and cultural purpose/functions by the Secretary or in his absence by the Correspondent of the institution concerned at his discretion.


73. The Committee may lay down guidelines for permitting use of the properties of the Society and its institutions for cultural or social purposes/functions, if necessary.

By-Laws: Services
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