MEMORANDUM OF ASSOCIATION
1. Name of the Society : SOCIETY FOR DEVELOPMENT OF SURYANAGAR
2. Registered Office : Bangalore
3. Aim and Object : The aim and objects for which the Society is established are as under :-
(a) To promote the conservation and proper use of natural resources and scarce Infrastructural facilities like land, power, water, gardens and such other resources and infrastructural facilities.
(b) To promote orderly development of civic infrastructures, public amenities, public spaces, gardens and water bodies.
(c) To coordinate infrastructure developmental activities, safety and security arrangements in liaison with various civic agencies like KHB, Anekal Town Planning Authority, BMRDA, BWSSB, BESCOM, Hoticulture Department, Forest Department, Karnataka State Police Dept, Karnataka Fire and Emergency Services Department, Gram Panchayats etc,.
(d) To undertake community development programs and sensitize the residents to ideals of cooperative living, develop ecological awareness, conserve natural resources, promote civic sense and implement best practices for community living.
(e) To mobilize the resources required for undertaking activities in consonance with the stated objectives through subscription, donations, sponsorships, grants etc.
(f) To leverage technology for bringing about transformation of societal outlook and awareness.
4. Fund Utilization. All the income, earnings, moveable, immovable properties of the societies shall be solely utilized and applied towards the promotion of its aim and objects only set forth in the Memorandum of Association and no profit thereof shall be paid or transferred directly or indirectly by way of dividends, bonus, profits or in any manner whatsoever to the present, past or future members of the society or to any person claiming through any of such members. No member of the society shall have any personal claim on any moveable or immovable properties of the society or make any profit, whatsoever by virtue of his membership.
5. GOVERNING BODY : The names, addresses, occupations and designations of the members of the Governing Body to whom the management of the society is entrusted as required under the section 2(a) of the Karnataka Societies Registration Act, 1960 are as follows:-
6. We, the undersigned are desirous of forming a society named SOCIETY FOR DEVELOPMENT OF SURYANAGAR under The Karnataka Societies Registration Act, 1960 in pursuance of this Memorandum of Association.