Article 47
The Board of Directors shall present the Society’s financial accounts, which shall be signed by members, to the General Assembly for review and approval.
If the expenditures or revenues of the Society exceed ten thousand Dinars, the Board of Directors shall refer the final accounts to a recognised chartered accountant, along with all supporting documents, for examination and reporting thereon at least one month prior to the annual meeting of the General Assembly.
The Board of Directors shall also present the Society’s proposed annual budget for the coming year to the General Assembly for review.
Copies of the final accounts, general budget and both the report of the auditor and that of the Board of Directors shall be sent together with the invitation letters for the General Assembly meeting to the members entitled to attend such meeting. Such papers shall also be displayed at a prominent location in the Society’s premises at least 15 days before the General Assembly meeting and remain displayed until they are ratified.
Article 48
The Society’s cash shall be deposited in the Society’s registered name with a recognised bank. The Ministry of Labour and Social Affairs shall be notified accordingly. The Ministry shall be notified also of any change of the bank at least one week from the date of such change.
No amount may be withdrawn from the bank without a cheque singed by the Chairman and the Treasurer or any persons acting on their behalf as may be authorised by the Board of Directors.