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Article 7
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1. The Association's funds are allocated for
expenses relevant basically to the Association's
objectives.
2. The Association may own real estate, to enable it
to achieve its targets, provided that it obtains the
approval of the general
assembly prior to its ownership, or by its admission
in the first meeting following this date.
3. The Association may invest its surplus revenues
in secured investment channels to guarantee a fixed
income, or to reinvest it in its productive and
services projects. (In accordance with article 59 of
the executive regulation)
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Article 8 |
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The members of the Association are hired in the
following manner:
1. Employment in accordance with the provisions of
labor law 137 of 1981.
2. To request the delegation of any of the civil
employees in the country in accordance with article
(12) of the law.
3. Any volunteer of the Association’s members or
otherwise to perform any of the Association’s work.
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Article 9 |
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At the dissolution of the Association, whether by
liquidation (voluntarily or administratively) or the
expiry of its duration determined in article (1)
hereunder if not renewed, its funds shall be
transferred to any of the following entities:
1.The National Associations and Institutions
allowances fund.
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Article 10 |
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The Association shall keep all the documents,
registers and correspondences in its administrative
center. These registers shall be sealed from the
administrative authority before its usage.
Every member may review these registers and
documents in accordance with article 62 of the
executive regulation.
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Article 11 |
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The accounts of the Association shall be recorded in
books indicating the details of the expenses,
revenues and donations and the source thereof, in
accordance with the forms attached to the executive
regulation of the law no. 84 of 2002.
If the expenses and revenues exceed EGP twenty
thousand, the final statement shall be reviewed by
one of the audits registered at the audit’s
schedule, attaching all the supporting documents to
be investigated, and submit a report at least a
month prior to the date of the general assembly.
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Article 12 |
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The amendment of any of the provisions of this
statute shall be made by a decision of the extra
ordinary general assembly. The amendment shall be
sent to the administrative authority to be recorded
in the registry of the articles of Association
brief.
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Article 13 |
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The assembly may perform its activities through its
branches; it may also perform any of its activities
out of the scope of the governorate where its
administrative center is. In this case it shall be
subject to article 48 (4) of the executive
regulation in performing its activities.
If it established a branch or branches in the
governorate where its administrative center lies or
in any other governorate, this branch shall follow
the instructions of the Association in all its
actions, activities and management as it is
considered an extension thereof.
The branch shall not violate any instructions or
guidelines of the Association.
The branch has the right to be represented in the
board’s membership in the percentage determined by
the general assembly and according to the volume of
activities of the branch.
After obtaining the approval of the general
assembly, the board may issue a decree including the
regulation of the branch indicating:
1. Its location.
2. Type of activity performed.
3. The geographic boundaries in which it performs
its activities.
4. The fiscal allocations of the branch.
5. The permanent sources for financing the branch.
6. Who administers the branch, the manner of
his/their nomination.
7.The relation between the membership of the
assembly and the membership of the branch.
8.The duration of the branch, if it was to a limited
duration.
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