16A.1 |
NAME |
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The fund is known as “Young Malaysian Movement Charity and Educational Fund”, herein after called “the fund”. |
16A.2 |
OBJECTIVES |
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The objectives of the Fund are:
a) |
To assist cultural, educational and charitable institutions of all races, |
b) |
To assist the activities organized by cultural, educational and charitable institutions of all races, |
c) |
To relieve the sick and calamity-stricken, the poor and the needy, |
d) |
To sponsor Malaysian youth into career in education, |
e) |
To sponsor Malaysian youth studying in youth and cultural courses. |
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16A.3 |
ADDRESS |
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The office of the Fund shall be situated at: 42G-3, Lorong 6E/91, Taman Shamelin Perkasa, 56100 Kuala Lumpur, Malaysia |
16A.4 |
THE FUND |
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a) |
The Fund may raise donations from Y.M.M members. |
b) |
The Fund may appeal for donations or otherwise raise funds from the public if and when deemed necessary. |
c) |
The fund raised shall be deposited in interest bearing accounts with established banks or licensed financial institutions approved by the Y.M.M. Central Executive Council. |
d) |
Subject to the consent and authorization of Y.M.M. Central Executive, the Fund shall have power to purchase or other wise acquire for the purpose of the Fund any immovable property. |
e) |
The Fund is not allowed to carry out any business activity or to utilize its property for commercial purpose. |
f) |
The audited statement of accounts and the name of Director Council of the Fund shall be submitted to Y.M.M. Central Executive Council annually. |
g) |
The audited statement of accounts and the name list Director Council of the Fund shall be submitted to Director General of Inland Revenue, Malaysia annually. |
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16A.5 |
MEMBERSHIP |
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a) |
Malaysians who are above 21 years of age and or any association or commercial organization that is registered or incorporated in Malaysia. |
b) |
Any association or commercial organization registered or incorporated in Malaysia which donates a sum of not less than RM5, 000.00, or an individual who donates not less than RM1,000.00 to the Fund shall become a life member of the Fund. |
c) |
Applicants who wish to be members of the Fund shall be proposed by a member of the Fund and seconded by a member of Y.M.M Central Executive Council and must complete the application form to be forwarded to the YMM Central Executive Council for approval. The decision of YMM Central Executive Council shall be final. |
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16A.6 |
INELIGIBILITY CONDITIONS |
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a) |
Individual convicted for criminal offence or adjudged bankrupt. |
b) |
Winding up of Company or deregistered association. |
c) |
Individual who has been verified by a medical practitioner to be mentally disabled. |
d) |
Individual who resigns on their his accord. |
e) |
Individual who breaches the Rules and Regulations of Y.M.M. |
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16A.7 |
ANNUAL GENERAL MEETING |
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a) |
Annual General Meeting of the Fund shall be held at least once a year to receive report of the Director Council and the audited accounts for the preceding year. |
b) |
Members’ Assembly shall be the highest organization of the Funds. The quorum of the Assembly shall be half of the members or double the member of the Directors, whichever is lesser. And elect not less than 10 members and a maximum of 25 members for the Board of Directors’ and 2 Auditors, and be elected within 60 days from the date of Y.M.M. Central Committee’s election. |
c) |
The first 50 life members shall have the privilege to elect 10 member directors to the Director Council. There shall be an increase of 1 elected member Director to the Director Council for every additional 25 members. |
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16A.8 |
ORGANISATION CHART |
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a) |
Director Council shall consist of elected member Directors and non-member Directors. |
b) |
Both elected member director and non-member directors shall have equal members in the Council, and such non-member Directors shall be recommended by the “Y.M.M. Central Executive Council”. |
c) |
The Director Council shall elect a Director President, a Director Deputy President, three Director Vice Presidents, an Honorary Director Secretary, an Assistant Honorary Director Secretary, an Honorary Director Treasurer, an Assistant Honorary Director Treasurer, so as to form a nine-member Director Management Council. |
d) |
The quorum for the meeting of Director Council shall be 15, or half of the total number of Director, whichever shall be the lesser. |
e) |
The Council shall convene a meeting once in every six months. The Honorary Director Secretary shall notice the Director in writing at least 14 days before the date of meeting. |
f) |
The Director President shall chair all meeting of Director Council and sign all minutes of the meeting. The Director President shall have the second vote in the event of a tie. The Director President shall also have the right to call for any emergency meeting to deal with any specific case. |
g) |
The Honorary Director Secretary shall discharge and perform his duties with regards to the affairs of the Director Council and to execute the latter’s instruction in accordance with the rules and regulations of YMM. The Honorary Director Secretary shall send out notice of meeting for all meetings and shall record the minutes for all meeting of Director Council. |
h) |
The Director Council shall be entitled to form any committee to carry out its functions effectively. |
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16A.9 |
POWER & DUTIES |
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a) |
The Director President shall chair all meetings. In the absence of the Director President. The Director Deputy President shall chair the meetings. |
b) |
The Honorary Director Secretary shall be in charge all matters concerning the Fund including the execution of all resolutions. |
c) |
The Assistant Honorary Director Secretary shall assist the Honorary Secretary in his duties. In the Honorary Secretary’s absence, the Assistant Honorary Secretary shall deputies for him. |
d) |
The Honorary Director Treasurer shall take charge of all payments and collections of the Fund. He may keep a petty cash not exceeding RM1,000.00 in hand and any money in excess must be deposited into a bank or licensed financial institution approved by the YMM Central Executive Council. |
e) |
The Assistant Honorary Director Treasurer shall assist the Honorary Director Treasurer in his duties. In the Honorary Director Treasurer’s absence, the Assistant Honorary Director Treasurer shall deputise for him. |
f) |
All cheques must be signed by three persons, i.e. one from each of the following groups:-
i. Director President or Director Deputy President
ii. Honorary Director Secretary or Assistant Honorary Director Secretary
iii. Honorary Director Treasurer of Assistant Honorary Director Treasurer |
g) |
The Director Council shall upon receipt of any monies, issue temporary receipts supplied by the secretariat of the Fund, and shall as soon as possible hand over the monies to the Treasurer of the Fund to be deposited into the Fund’s banks account and for an official receipt to be issued by the Treasurer of the Fund. |
h) |
All coordination work of the Fund shall be performed by the Director Management Council, other Directors shall assist in all matters relating to the Fund. |
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16A.10 |
AUTHORITY FOR EXPENDICTURE |
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The Director President or the Honorary Director Secretary shall be entitled to sanction any expenses up to RM 5,000.00 (Ringgit Five Thousands). Any expenses exceeding RM 5,000.00 shall be made with the approval of the Director Management Council. |
16A.11 |
INVESTIGATION COMMITTEE |
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The Investigation Committee shall consist of 5 Directors to be appointed from among the Directors of the Director Council. The Committee shall be responsible to assess the applications for charity and education grants, and to and make recommendations to the Director Council for a decision. |
16A.12 |
DISSOLUTION |
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In the event dissolution of the Fund, the surplus asset after discharge of all legal liabilities, shall be donated to the Government (Federal State) or any organizations having objectives similar to those of this Fund and which have been approved by the Director General of Inland Revenue, Malaysia. |
16A.13 |
AMENDMENTS |
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Y.M.M. Central Assembly has the right to amend, delete and / or make additions to above regulations. |
16.1 |
The annual Receipts and Payments Accounts and Balance Sheet of Y.M.M. shall be published in the Annual Report for presentation to the Central Assembly at its Annual General Meeting and copies shall be sent with notice of the Annual General Meeting to the delegates of the Central Assembly. |
16.2 |
The income and properties of Y.M.M. and all money received by or on behalf of Y.M.M. shall be applied solely toward the furtherance, promotion and execution of the objects of Y.M.M. and no portion thereof shall be paid by way of dividend, bonus or profit to any member of Y.M.M. provided that nothing herein expressed or contained shall prevent the payment in good faith of remuneration or expense or both to any officer or servant of Y.M.M. or to any member of Y.M.M. or other person or persons for services actually rendered by him or them to Y.M.M. |
16.3 |
The Hon. Auditors of the National Y.M.M. or State Branches or District Branches or Branches shall be required to audit the accounts of the National Headquarter or State Branches or District Branches or Branches respectively for the year and to prepare reports to the Annual General Meeting of the Central Assembly or State Assembly or District or Branch as the case may be.
The Hon. Auditors may also be required by the President or Chairman to audit the accounts for any period within their tenure of office at any date and to make reports to the Central Executive Council or State Committee or District Committee or Branch Committees as the case may be. |
16.4 |
The mode of election of the Hon. Auditors of the Central, State, District and Branch Assemblies shall be similar to that of election of the respective Council or Committee. |
16.5 |
The Auditors of the Central Executive Council, State Branch Committee, District Branch Committee and Branch Committee shall audit the relevant accounts of the Committees, to be submitted for the approval of the relevant Assembly. Should the Auditor for any reason whatsoever unable to exercise his duties, the accounts will be audited by the auditors in the unit it belongs to, the accounts of Branch Committee will be audited by the auditors of the District Branch or State Branch it belongs to (if there is no District Branch), the accounts of the District Branch will be audited by the auditors of the State Branch it belongs to, the accounts of State Branch will be audited by the Auditor General. |
16.6 |
Any vacancy in the position of Hon. Auditor may be filled by the General Meeting of the Central, State, District or Branches Assembly. |
16.7 |
The financial year report for all unit shall be 1st January to 31st December of each year. |