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(Affiliated to All India Bank Retirees’ Federation)
(AIBRF)
CORPORTION BANK RETIREES' ASSOCIATION

                                                                          CORPORATION BANK RETIREES’ ASSOCIATION 

BYE LAWS

01 NAME:

Name of the Association shall be CORPORATION BANK RETIREES’ ASSOCIATION hereinafter

referred to as the “ASSOCIATION”

              a. The Registered Office shall be at Kannur (Cannanore)

              and

              b. The Administrative Office of the Association shall be at the place from where the General Secretary  is elected.

02 THE OBJECTIVES OF THE ASSOCIATION SHALL BE :

a. to organize all the retired employees of Corporation Bank in all cadres, in the Country and foster among them a spirit of co-operation and solidarity and unite them in good fellowship and understanding.

b. to improve the life of the members monetarily, socially, economically and culturally;

c. to protect and promote the interests, rights and privileges of the members of the Association in all matters relating to retirement benefits, Pension, Medical Aid and such other social and welfare benefits from their one time employers (Corporation Bank), Central / State Governments and other bodies directly or indirectly concerned.

d. to provide, if possible, care and shelter to the needy members in their advanced age;

e. to federate with or affiliate with any other organization having kindred aims and objects;

f. to represent the grievances of members of the Association to the Bank Management, Indian Bank

Association (IBA), Government of India and any other appropriate authorities and seek redressel thereof through negotiations and other means.

g. to co-ordinate with organizations of serving staff of the Banks for improvements of retirement benefits of its member and in securing the social security measures for the aged.

h. to establish Co-Operative Societies, Stores, Clubs, Libraries and such other welfare activities for members and their families including spouse and dependent children.

RULES & BYE-LAWS

RULES & REGULATIONS

MEMBERSHIP ::

The membership shall be open to Retired employees and their spouses after the death of the retiree of Corporation Bank, in all cadres.

FUNDS :

The General Funds of the Association shall consist of admission fees, subscription, levies etc., from its members and Donations from its members and others. The collection shall be deposited in the Bank approved by the Executive Committee and such account shall be operated jointly by the Treasurer with any of the following:

The President, The General Secretary or one of the joint Secretaries as authorized by the Executive Committee.

3. ADMISSION OF MEMBERS:

a. Any retired employee of Corporation Bank desires of becoming a member shall submit an application in the prescribed form along with prescribed admission fee and subscription.

b. All applications for admission shall be placed before the Executive Committee for its consideration and for disposal.

c. The Executive Committee shall have the right to reject any application without assigning any reason whatsoever and the decision of the Committee shall be final.

4. REMOVAL OF MEMBERSHIP:

Any member who fails to pay subscription for more than a year shall cease to be a member of the Association. The Executive Committee may, however re-admit such members on payment of arrears of subscription and other dues if any.

The membership of a member whose activities are deemed in the opinion of the Executive Committee, to be detrimental to the interest of the Association or its members shall stand terminated.

5. COMMITTEES:

The Association will have (a) General Body

(b) Executive Committee

(a) The Executive Committee of the Association shall be elected by the members attending the General Body and shall consist of the following Office bearers and Committee members.

OFFICE BEARERS:

Office Bearers No of Posts

  Chairman One -1       President - 1               Vice President  -1  General Secretary -1   Secretary   -1

  Joint Secrataries -4   Asst Secretaries -5    Treasurer -1          Asst Treasurer -1          Executive Committtee Members - 13 

6. SPECIAL INVITEES:

If, in the opinion of the President / General Secretary, it is necessary to provide for special 

representation, he shall have the power to invite one or more persons to attend the meeting of the

Executive Committee as Special Invitee / Invitees. Such special invitees shall NOT have voting power.

7. SUBSCRIPTION :

a. The admission fee per member shall be Rs.25/- (Rupees Twenty five only)

b. The subscription for a member other than Family Pensioner, Part Time retiree, shall be Rs.300/- per annum.

c. The subscription for Family pensioner member shall be Rs.200/- per annum and

d. The subscription for Part Time retiree member shall be Rs.150/- per annum.

e. Life Membership of subscription shall be :

Rs.3000/- For Sub Staff, Clerks and Officers

Rs.2000/- For Family Pensioners

Rs.1500/- For Part Time Retirees

The subscription shall be payable in advance every accounting year commencing from January to December. Members joining in between of accounting year shall have to pay full subscription for one year.

8. REGISTER OF MEMBERS, INSPECTION AND MAINTENANCE

a. A Register of members shall be maintained at the Administrative Office of the Association.

b. The General Secretary and Treasurer shall arrange for the proper maintenance of the register.

c. The Register shall be open for inspection by any member giving due notice.

9. POWER & FUNCTIONS OF THE OFFICE BEARERS:

1. Chairman

The Chairman will attend all the Meetings and preside over the same. He will also guide the Association in conducting the day to day affairs.

2 President

The President when present shall preside over the meetings, give ruling, preserve Order, sign all minutes and shall have a casting vote. He shall have powers to call, if necessary, emergency meetings.

3 Vice-President :

One of the Vice Presidents shall function in the absence of the President. In case of the President and Vice Presidents, the Chairman shall act as President at the Meeting.

4 General Secretary :

As administrative Officer of the Association, he will be responsible for the conduct of the affairs of the Association. He shall convene all meetings, take minutes of such meetings which shall be read and confirmed at the next meeting and signed by the President of the Meeting. He shall conduct all correspondence, make representations, arrange interviews and negotiate all matters of the Association along with the President and exercise general supervision over the affairs of the Association. He shall also discharge such other duties and exercise such other powers as provided in the Rules. He shall  scrutinize and pass bills and vouchers for expenses incurred on behalf of the Association. In case of any doubt he shall settle the matter in consultation with the Executive Committees of the Association.

5 Secretary :

The Secretary shall assist General Secretary in the general functioning of the Association and discharge all duties and functions on behalf of the Association as may be directed from time to time by the General Secretary. He shall officiate as General Secretary in his absence.

6 Joint Secretaries:

The Joint Secretaries shall discharge such duties and functions as may be given to them from time to time by the General Secretary. They shall assist the General Secretary under his supervision.

7. Assistant Secretaries:

The Assistant Secretaries shall discharge such duties and functions as may be given to them from time to time by the General Secretary. They shall assist the General Secretary under his supervision.

8. Treasurer:

The Treasurer shall be responsible for monies which may be received into the Association’s account. He shall keep accounts of all receipts and expenditure against respective vouchers. He shall maintain in proper order the accounts of the Association and shall submit statement of accounts to the concerned committee. He shall have the powers to maintain petty cash not exceeding Rs.500/- (Rupees Five Hundred only).

9. Assistant Treasurer:

The Assistant Treasurer shall assist the Treasurer in discharging his duties and functions and he shall discharge the duties of the Treasurer when it becomes necessary as per the authorization of the Executive Committee.

10. TERM OF OFFICE:

The Office Bearers of the Association and members of the Executive Committee shall continue in office until the next General Body Meeting or unless he or they resign or cease to be Office Bearers and member of the Executive Committee.

11. ACCOUNTING YEAR:

The Accounting year of the Association shall be from 1st January to 31st December .

12. DISCIPLINARY ACTION:

In the opinion of the Executive Committee, any member of the Association be found guilty or acts in contravention of the objects of the Association, then such penalty or punishment to the extent of expulsion may be imposed by the decision of the concerned committee as it may think fit, however, the party shall have a right to appeal to the General Body.

13. ELECTION OF OFFICE BEARERS:

a. The office bearers of the Executive Committee shall be elected at the General Body of the Association held from time to time.

b. Any member who has defaulted subscription and not paid within 3 months of expiry date shall lose his right to vote or accept nomination in his name.

c. Co-option to the EC: The Executive Committee will have power to co-opt office bearers or the Committee members, should vacancy occur in the committee.

14. CONFERENCE AND DELEGATES:

a. The Conference / General Body of the Association shall be held once in a year at such place and time as may be decided by the E.C for the following purpose.

i. to approve the report of the General Secretary and audited statements of accounts.

ii. To elect office bearers and members of the Executive Committee.

iii. To appoint auditors and fix their remuneration.

iv. To consider any resolution, for which the notice has been served on Executive Committee or any other matter recommended for consideration by the Executive Committee.

b. A notice of 21 days shall be necessary for the Conference / General Body and minimum 7 days for any special session and the notice shall specify the subject for discussion.

c All the members of the Association will automatically be Delegates to the Conference / General Body.

d. Delegates shall have to produce the identity cards issued by the General Secretary during conference or special session of the Association.

15. OFFICIAL BUSINESS:

At all meetings of the Association the official business shall have the priority over other business.

Executive Committee Meeting:

The Executive Committee shall ordinarily meet once in six months at least, at such place, date and time as may be fixed by the General Secretary in consultation with the President to transact the business of the Association.

To read and adopt the minutes of the previous meeting and General Secretary’s note on a day to day functioning and statement of accounts.

To transact such other business as may be permitted by the President.

At least one week’s notice shall be given to members before the meeting.

16. QUORUM FOR MEETING:

The Quorum for the conference special session and the General Body of the Association shall be 1/5th of the total membership and the quorum for the E.C Meeting shall not be less than Five.

17. POWER TO ACQUIRE AND HOLD PROPERTY Etc;

The Association shall have the power to acquire and hold property in its own name and all properties moveable or immoveable, collected or acquired by purchase or otherwise shall vest in the Association and form part of its properties and shall be administered in accordance with these bye-laws and the subsidiary bye-laws framed there under, if any. The Association shall sue or be sued in its own name through its General Secretary.

18. DECISION BY CIRCULATION:

The Executive Committee shall be entitled to take decision on any issue in the form of a resolution conveyed to the members through a circular issued by the General Secretary of the Association.

19. AMENEDMENT TO BYE-LAW:

a. The Rules and Regulations of the Association may be amended, altered, rescinded or added at the Conference only at which 2/3rd majority of the members is present. No such quorum is necessary for the adjourned meeting after the second time.

b. No amendment or alteration shall be put to vote unless written notice thereof shall beve been received by the General Secretary at least two weeks prior to the Conference.

20. OFFICIAL SEAL AND EMBLEM:

The Association shall have an Official Seal with an emblem approved at its first conference, suited to its dignity and prestige and shall be held in the custody of the General Secretary.

21. SPECIAL GENERAL BODY MEETING:

At the requisition of 1/3rd of the members on roll in writing for a specific purpose, a Special General Body shall be convened by the General Secretary within one month, giving 2 weeks notice to discuss and decide only the specific Agenda.

22. DISSOLUTION:

The Association shall not be dissolved except by a motion passed by 3/4th of its members in the Register present and the meeting held for the purpose. The funds of the Association after meeting all the liabilities,. shall be disposed off in accordance with the decision of the dissolution meeting.