Article 44
The Society’s financial year shall commence on 1st January and end on 31st December each year.
Article 45
The Chairman and members of the Board of Directors are accountable, each in his respective responsibilities, for the Society’s funds and for any action in contravention of the Society’s Constitution and Bye-Laws, as well as for the resolutions of the General Assembly.
Article 46
The Board of Directors shall lay down financial regulations to organise the Society’s financial affairs and, in particular, expenditures, deposit of funds, membership and subscription fees, the amount which the Treasurer may retain as imprest funds for urgent matters, and such other details.
The financial regulations shall be valid only after the approval of the General Assembly.