OSMANIA CAMPUS MBA ALUMNI ASSOCIATION

 

Memorandum of Association 

THE OSMANIA UNIVERSITY CAMPUS MBA ALUMNII ASSOCIATION, HYDERABAD – 500 007 INDIA (Regd. No. 699/1999)

PREAMBLE

“The Association under the name and style of “OCAMBAAA” – Osmania  Campus MBA Alumnii Association is established with the sole motto of inculcating fellowship and fraternity among the alumnii and through that process assist the members of the alumnii and the mother institution achieve academic and professional excellence.  It shall strive to be an umbilical chord between the alumni, the Dept. of Business Management of the OU Campus and its faculty for ever.  With this aim it is registered under the A.P. (Telangana area) Public Societies Registration act, 1350 Fasli (Act 1 of 1350 F) on 17th February, 1998 with the Regn. No. 699 of 1999).

MEMORANDUM OF ASSOCIATION:

  1. The name of the Association shall be “the Osmania Campus MBA Alumnii Association” and  in short OCAMBAAA.

  2. The head quarters of the Association shall be  at Hyderabad and it will be housed in the Dept. of Business Management, Osmania University Campus, Hyderabad – 500 007 and has the acceptance and approval of the Head of the Department.

  3. The Aims and objectives of the Association are:
    1. To keep  and develop social contacts among the Alumnii of the Dept. of Business Administration of the O.U. Campus, Hyderabad both day and evening alive and active.

    2. To establish and encourage healthy academic social and cultural atmosphere among the members of the alumnii and through that process serve the community in its Academic pursuit.

    3. To bring together all talents of the alumnii to help, all sided development of the Mother  Department   in OU, Campus and to support it in furtherance of its academic and professional aims, objectives and activities.

    4. To render possible voluntary services to the needy members of  Society in  general and the members of the OCAMBAAA  in particular.

    5. To encourage the study and research in Management/ Administration faculty and also to provide media for publication of the same.

    6. To co-operate with similar learned Societies and Associations in organizing taking part/ in meetings, symposia, research projects etc., and to represent management faculty both in the national and international spheres.

    7. To secure and administer funds, grants and endowments for the furtherance of study and research in Management faculty.

    8. To do and execute all such  acts and deeds which shall assist and promote the aims and objectives of the Association as stated in the preamble.

    9. To work for the advancement of managerial science through exchanges,  workshops, seminar meetings, publications etc., and to suitably honor the renowned persons and the members of the faculty of the  department  who have rendered  yeomen services and contribution to the growth  of the  mother  institution and the managerial sciences.

ARTICLES  OF ASSOCIATION RULES  AND BYE LAWS  OF MEMBERSHIP

  1. ELIGIBILITY:
    All those  who have studied in the Department  of Business  Management located in the O.U. Campus and were awarded the Degree of M.B.A. (Day / Evening), MBA (Tech.) or Ph.D.,  in Business Management/ Administration irrespective of Nationality are eligible to be members / Fellows / Associate members of the Association and are eligible to vote as and when necessitated .  Accordingly clause 1 and Sub clauses a,b,c and d are read with.

      1. MEMBERS:
        All persons who obtained their MBA (Tech.)/Ph.D in Managerial Sciences degree, having studied in the Department of   Business Administration situated in O.U., Campus either day/evening are eligible to be members of the Association.  They have to produce the relevant MBA Certificate before admission.  The member desirous of joining the association has to submit this application form in the required proforma and pay membership fee, one time payment of Rs.200/- for life, with furnishing full details and complying with the payment of Registration fee of Rs.20/- as prescribed therein.  Member so admitted is eligible for voting  and other privileges.

      2. FELLOWS:

        The members of good standing who have put in a minimum of ten years of Professional experience either in Research / Training / Teaching / Floor Management / Administration in a responsible position are eligible to be fellows of the association.  The Executive Committee shall every year consider the names of such members who are suitable in their opinion based on academic or professional excellence for being elected as the Fellows.  Only members of the Association who are of good standing are eligible   to be considered and elected  as fellows  of the Association.  They have all the rights as the members of Association.  They are considered as senior members of the association for all practical purposes.  The Executive Committee can elect a maximum of 5 members as Fellows of the association annually.  The President of the Association announces the names of the Fellows, elected by the Executive Committee, in the Annual General Body meeting and only after such announcement the names of such members are entered in the Register of Fellows and their acceptance is obtained and they then become full fledged Fellows of the Association.

      3. ASSOCIATE MEMBERS :

        Those who are studying MBA day/evening  MBA (Tech.) in the Department of   Business Management  O.U. Campus can become Associate members of association on  an application in the required proforma and by paying the required registration fees only and no other  fees for them.  They can associate themselves with Organizational  matters  of OCAMBAAA and will not have voting rights till the MBA degree is obtained by them from the O.U. and become full fledged members of the Association after obtaining their MBA degree on submission of their application form in the regular proforma to the association.  The associate  is a student member.  He has to pay only the registration fees.  The membership fees can  be paid  by him after obtaining the MBA degree and he can become a full fledged member of  OCAMBAAA  with voting rights and other privileges  The membership fee is only a one time  payment  for life.  It is fixed as Rs.200/- (Rupees two hundred only).

      4. HONARAY  FELLOWS:

        Any person of outstanding/distinguished record of work in   Social Sciences may be “Suomotto” recommended by the executive committee and he will be a Honorary Fellow of the association.  They need not pay any fee.  The number of Hon. fellows elected in an year shall not be more than two and the total number of honorary fellows exceed 20 at any time.  Hon. Fellows who enjoy all the facilities and rights as members except voting rights.  They need not necessarily be those who have obtained their MBA Degree as said  for members of the association.  The Honorary fellowship should always be conferred on a person, on receiving his written acceptance at the General body meeting of  OCAMBAAA.  The President of the Association presents them at the Annual General Body  Meeting and  confers the “Honorary Fellowship” on them.

      5. ADVISORS:

        The Dean, the Head of the Department and Chairman of OCAMBAAA and any Professor of the  Business Management shall act as a three Member Committee to advise all the activities of OCAMBAA.  The Professor member of this committee is nominated by the Executive  Committee of the Association and his acceptance is obtained.

    1. FEES, FIXED DEPOSITS AND THEIR MANAGEMENT / APPROPRIATION:

      Fees collected towards the Associate and Life membership is put in the Bank A/c. of the Association as fixed deposit   and only the registration fees and other if any collected will be in  Savings Account.  Only the interest part on the fixed deposits can be withdrawn and spent for the Association in any manner under the approval of the Executive Committee.

    2. MEETINGS OF THE ASSOCIATION :

      The meetings of the Association for taking any decisions regarding organizational matters of the Association are as follows:

      1. Annual General Body meeting (AGBM) and Extra Ordinary General Body Meeting (EOGBM)
      2. Executive Committee meeting  (EC).

    3. i. ANNUAL GENERAL BODY MEETING (AGBM):

      It  is the Supreme Body of the  Association AGBM meeting  shall be held once in a year  on 26th January.  It will transact the business of the Association for the ensuring year.  It will elect the Executive Committee and its office bearers once in two years.  The audited statement of accounts of the Association is approved by the AGBM.

      The AGBM may be convened by the Secretary on the orders or approval  of the President of the Association, or in consultation with him or at the written request of any three members of the Executive  Committee.

      Any ten members of good standing of the Association may also jointly send request, in writing to the President / Secretary to convene a meeting of the AGBM  for considering any specific business  concerning the Association, which shall be recorded in their request.  The AGBM or  extra  ordinary  GBM shall be competent to consider amendments  to the Constitution by/laws and its  regulations, provided notice for such has been given at least three  weeks  in advance so as to enable the Secretary to circulate them to all the members.  The members can organize Workshops, seminars and faculty meetings and such meetings even having full attendance of all members can not be considered at AGBM/EOGBM  unless   the provisions stated above are followed.  The quorum for the AGBM/ EOGBM shall be twenty and fifteen respectively.

       Matters relating to the articles   of the constitution, membership fees, dues, number of office bearers of the Executive Committee, budget for the ensuring year, appointment of auditor to audit the accounts of the Association for a two year period, editor for its journals etc., appointment of Convention Director’s coordination   for various  purposes and such important things  as  are  needed are decided by  AGBM/EOGBM  by simple majority except in case of constitutional amendment  which essentially needs 2/3rds  majority of the members  present which shall not be less  than half  of the total number of members of the association in any case as per the register of members at that time. 

      After deep deliberations and in the mutual interest of the Department and OCAMBAA it is suggested that the following  be adopted in OCAMBAAA:

       The Head of the Department will be Ex-Officio Chairman of OCAMBAAA.    He will be co-ordinating between the Association and the Department of Business Management in all the activities of the Association.  Further, with a view to avoiding concentration of top positions of OCAMBAAA in the Department of business Management and to ensure independent functioning of the Association, the liasoning of OCAMBAA with the parent institution i.e. the Department of Business Management which is any way taken care of by the H.O.D. as Ex-Officio Chairman of  OCAMBAAA  no member of the faculty of the Department, is eligible to stand for the elective posts of office bearers of the Association as :  President, Vice President, General Secretary, Treasurer and Joint Secretary of OCAMBAAA, however they may be nominated by EC  for any position other than the  as Editor,  Convention Director, Chairman/ President of Sub Committees etc.,

    4. ii.  EXECUTIVE  COMMITTEE MEETINGS:
    5. The Executive Committee is answerable to the General Body of the Association.  It is elected once in every two years by the AGBM it will consist of a total of eight office bearers and two ex-officio members.
    A President 1
    B Vice President 1
    C General Secretary & Treasurer 1
    D Joint Secretary 1
    E Members 4/5
    F Immediate Past – President 1 (Ex-Officer) Member
    G Head of the Department 1 Chairman

    Total

    10/11

    The Ex-Officio members will also have voting rights in EXECUTIVE COMMITTEE   in case of tie on any issue.  The H.O.D. will be the Ex-Officio Chairman of OCAMBAA.  He will  be Co-ordinating between the Association and the Department of Business Management / in all the activities of the Association.

     The H.O.D. & CHAIRMAN of OCAMBAA will issue the Election  Notification.  The decision of the H.O.D.  & CHAIRMAN  of OCAMBAAA or R.O. appointed  by him is final in all matters concerning the Elections of OCAMBAAA.   Nothing in this constitution shall be deemed to limit or otherwise affect the inherent powers of H.O.D. & CHAIRMAN of OCAMBAAA to make such decisions as are felt deemed  necessary and essential by him for the smooth functioning of OCAMBAAA and to prevent the abuse of any process / programme  of OCAMBAAA if it is found against the fundamental  interest of Department and its academic pursuit and the identified goals of OCAMBAAA as mentioned in its PREAMBLE.

    The Executive Committee elects Fellows, Honorary Fellows, prepares the agenda of the AGBM, and prepares the audited statement of accounts and deals with all the day to day correspondence, and such matters pertaining to the association and its organizational matters.  The President presides over the Executive Committee and the Secretary maintains the minutes.  The decisions of the Executive Committee and normally executed by the President and the Secretary otherwise unless stated by a majority in Executive Committee.  The total number of office bearers shall never be more than 15 members including the Ex-officio members.

    All meetings of AGBM, EOGBM & EC are essentially held in the Dept. of Business Administration under  due information and acceptance of the Head, Dept. of Business Administration who or his nominee will make arrangements for the meeting.

4.  DUTIES  OF OFFICE BEARERS:

PRESIDENT:   President is the  head of the Executive Committee and presides all the meetings of the Association.  When presiding, his vote is only a casting vote in case of a tie with the approval of EXECUTIVE COMMITTEE   he can  appoint/nominate any person to attend to any organizational work of the Association.  He can delegate his powers to the Vice President or to any member of EXECUTIVE COMMITTEE as and when   he so desires.  The President should always be such member of the Association  who is not working in the Dept. of Business Administration and who is at least an 7 years Alumnii i.e. he should have obtained his MBA    degree day/evening 7 years  prior to the election year.

PAST PRESIDENT:  He will  sit next to the President in all meetings of the Association  and advise him as and when so sought on any matter.  The President / EC/AGBM/EOGBM   may allot him any duties by a special resolution and he reports the progress to the President.

VICE - PRESIDENT:  Vice President will preside over the meetings of AGBM/EOGBM/EC   in the absence of the President he shall exercise all such powers as are due to the President of the Association  and also  such powers  as are delegated to him by EC.  If by any chance the post of President falls vacant during the year, the Vice President shall take that position for the rest of the term or till the elections are duly held which ever is earlier.  He will be incharge of Academic and Professional activities as part of his duties and will put all proposals before EXECUTIVE COMMITTEE with respect to activities and obtains the approval.

GENERAL SECRETARY & TREASURER (one post):  The General Secretary shall be the Chief Administrative Officer of the Association and shall perform all duties that are usually vested in him by the EC, the President and the GBM of the  Association.  As there is no separate Treasurer, The General Secretary shall perform all such duties that are due to a Treasurer with regard to the financial collections, expenses audits and balance sheets and all financial projections of the association.  He shall keep proper documents, receipts and ledgers with respect to all the monetary transactions of the association.  He presents the Annual Budget of AGBM and gets the approval.

The General Secretary issues all notifications of the Association with regard to the memberships, collections meetings etc., of the association.  He shall be head of the office of the association and shall supervise all the works of the association and appoints / nominates any member / member of EXECUTIVE COMMITTEE to attend to any work of the association.  He calls for the AGBM/ Extra ordinary GBM with the consent of the President of the association.  In case of a tie   between the President and General Secretary & Treasurer with respect to the holding of a GBM/EOGBM or any   other matter of the association the majority decision of EXECUTIVE COMMITTEE  holds good.

JOINT SECRETARY:  He shall  assist the Secretary in all his duties and  acts in his place in his absence.  He is given duties by the Secretary form time to time.  If by any chance the post of General Secretary & Treasurer falls vacant, he shall exercise all such powers and duties for the rest of the term of the elections which ever is earlier.

5. TERM OF OFFICE OF MEMBERS OF THE EXECUTIVE COMMITTEE:

The Members of the EXECUTIVE COMMITTEE shall hold office for two years at a time and they are elected  through postal ballot  (PBS) once in every two years.  There will be four/five members only.

6. CONVENTION DIRECTOR:

 AGBM   will be preceded and succeeded by annual conventions in which certain Cultural and Academic activities will be organized by the association.  The Convention Director Co-ordinates all such activities and he is nominated by the President at the AGBM for every succeeding year.  He will be incharge of Registration at the convention and also new membership fees etc.,   The collections made are handed over to the General  Secretary & Treasurer within a fortnight period of such collection and accounts for the same.

7. DISQUALIFICATION:

(a)If any office bearer of the Association excluding the Ex-Officio members does not attend three consecutive Executive Committee meetings of the Association, he stands disqualified.  However, the President of the Association, if, could not attend 3 consecutive Executive Committee meetings and offers reasonable explanation, he does not attract this disqualification.  The Vice – President takes his place in all such meetings which President could not attend for a valid reason and performs the duties of the President.

(b)Those who are convicted of any criminal offence/charges are not eligible to become members.  If it is known to the Association subsequent to their taking membership that such member is convicted of criminal charges, he stands disqualified forthwith, even if he is an office bearer.

8.  RULES OF RESIDENCE:

The President and the General Secretary and Treasurer of the Association should essentially, and invariably be the residents of the Head Quarters of the Association i.e. Hyderabad.  How ever it is not applicable to other office bearers and members.  If by any chance during their tenure if by any transfer by virtue of their Jobs / Professions/Business/if they become non-residents of the head quarters  by  more than one year (12 months continuously) they should either willfully resign, or  else they will be disqualified to hold the posts if it is otherwise established by EC.  The Vice President and the Joint Secretary will take the responsibility if they satisfy the rule of residence.  In case no other office bearer  of EXECUTIVE  COMMITTEE  happens  to be residents  of H.Qrs. under such circumstances EXECUTIVE COMMITTEE  by simple  majority nominate such suitable members as they feel deemed fit and proper for the Presidentship and the General Secretaryship of the Association for the remaining period keeping in view the rule of residence.

9.  ELECTIONS:

Returning Officer (RO) is appointed to conduct the elections of the Association by postal ballot only.  R.O. should necessarily be the HOD of Business Management or his nominee who should be a member of the faculty of the Department of Business Administration.

For election of new office bearers, nominations may be sent by post by any member in good standing to the R.O. after the notification is issued  to that effect by him.  The elections are normally conducted on or before the 30th of December once in every two years.  The persons nominated for a particular post should be proposed and seconded by one member each of the Association and the member proposed should sign his acceptance on such nomination paper.  Only such nomination paper shall be considered by the R.O.  and his finally approved list shall be  made available and  a ballot paper will be  sent to all the members including the fellows of the Association.  The voting shall be by postal ballot and the votes shall be counted and announced by the H.O.D. or Returning Officer who will be assisted by two or more scrutiny’s nominated by the President to assist the Returning Officer who will essentially be the H.O.D. whosoever it may be or his nominee as  stated earlier.  Returning officer need not necessarily be a member / Fellow of the Association.  If by any event HOD does not accept to be the R.O. for any  season any Professor of the Dept. may be nominated to be R.O.  by the E.C.  The voting papers may be sent to the H.O.D. or by post only or handed over to him in person.  The R.O. will take all suitable steps for the conduction of elections of the society through postal ballot and his decision is final and binding on the Association.

After deep deliberations  keeping in view  the ban on elections where students will take part and for maintaining peace and serenity, dignity and decorum in the O.U. campus and  in order to avoid inconvenience that could be caused in the O.U. Campus or in the department  and its discipline  due to  canvassing   and exhibition  of Pamphalets, Sign boards,  Circulars  etc., by the contesting  candidates and in order to provide  equal participative role  to all members of OCAMBAAA  who are either living  or residing  in and around Hyderabad or any where in India  or  Abroad postal ballet system (PBS) is adopted  by OCAMBAAA  for electing  its office bearers and E.C. Members.

 The final list  of the  contestants approved  by the R.O.  along with the  Ballot papers  will be sent to each member of the Association  by Book-Post.  The completed ballot paper should reach the R.O. within the stipulated time by either Regd. Post / Under Certification of Posting / Ordinary post.  The responsibility of handing over the completed ballot paper lies with the member who is voting.  The result of the election shall be displayed on the Notice Board and announced through press in local papers.  The register of the members and Fellows will be handed over to R.O. by the General Secretary  of OCAMBAAA   fifteen days  in advance of elections.  No members can be enrolled after this period and will not be eligible to vote.

10. QUORUM:

The Quorum for Executive Committee meetings shall be four.  The quorum for the General Body meeting shall be twenty and fifteen for AGBM and EOGBM respectively.

11. FUNDS:

(a) The President may appoint a Finance Committee or Financial Advisor to advise the Association regarding the acquisition, disposal and proper management of the property and assets of the association.

The funds shall be spent only for the attainment of the Aims and Objectives of the Association and no portion thereof shall be paid or transferred directly or indirectly to any of its members except as payments / honoraria duly sanctioned/ approved by EXECUTIVE  COMMITTEE  and ratified  in the AGBM.

Membership fees shall be treated as capital and shall be suitably invested for the benefit of the association.  Donations shall be disposed of in accordance with the conditions attached there in by the donee and in a beneficial manner.  The E.C. may constitute special funds committee for specific purposes and allot part of the annual revenue or any donations specifically received for them for such purpose.  The E.C. will  also  decide on the mode of disposal of such funds.

 No member of the association will be entitled to any share in the estate, income or assets of the association or will be association distribute any dividend, bonus or gift any money to any member, provided that nothing in this clause is construed as preventing  payment of a reasonable  monetary honorarium or compensation for services rendered to the association by any  member   or non member.  The distribution of the publications or souvenirs of the association is free to the members.

The E.C. shall decide on purchase and sale of security and stock with a view to benefit the association in general.  For the acquisition, transfer and sale of immovable property, the General Body will be the final authority to decide by a two thirds majority of those present and voting at such a general meeting.  Any donation/gift proposed to be made by the association another organization or individuals in pursuance of the association objectives can be decided by the EC, Subject to ratification by a simple majority at a General Body meeting that follows.

(b) An SSB Account of the Association will be opened in the name and style of Osmania Campus MBA Alumnii Association OCAMBAAA by the President   and the General Secretary and the Treasurer in the SBH, OU Campus.  This account will be operated both jointly by the President and General Secretary and Treasurer.  The Pass book and cheque book will be in the safe custody of General Secretary and Treasurer.   The H.O.D. and Chairman OCAMBAAA will be sending the letter to the Manager, SBH, O.U.  Campus attesting the signatures of the President and Secretary and Treasurer of OCAMBAAA to  operate  the said Bank A/c. for OCAMBAAA immediately after they are elected and assumed charge from the outgoing President and Secretary and Treasurer.  On production of such letter from H.O.D. and Chairman OCAMBAAA, the Manager of the said Bank will permit the operation of the said Account  by the said office bearers.   The Fixed Deposit Certificate will be in the name of the Association and the interest accrued on such FDS will be credited to the SSB account of  the Association.  Under no circumstances FDS can be encashed except through a resolution passed to that effect in the AGBM or EOGBM on  a justification supported by more than ¾ th of  the total members of the Association.   Opinion of the majority members in this regard can also be obtained through post and followed accordingly if it is so felt by EC.

12.  ACCOUNTS:

Accounts of the association shall be maintained regularly.  The accounts shall be audited by an auditor every year.  The E.C.  will nominate an auditor for this purpose.  The auditor need not necessarily be a member of the association.  The auditor is nominated once in every two years and his name is announced in the AGBM.  Only the audited statements and Balance Sheets duly signed by the President, general Secretary and Treasurer are presented at the AGBMS/EOGBMS.  Suitable honoraria may be fixed by the Executive Committee to the Auditors for this purpose for their two year term.

13. AMENDMENTS :

Amendments to this constitution may be brought up for consideration at any Annual General Body Meeting or at any Extra Ordinary General Body meeting.  Requisition  proposing amendment/amendments should be signed by atleast  ten members of good standing of OCAMBAAA and details of such amendment be circulated to all members by post 30 days in advance of proposed AGBM/EOGBM  called for such specific purpose.  The members proposing the amendment should explain in detail the need for such amendment  and submit their explanation to the Secretary OCAMBAAA who in turn calls for  EC  and fixes a  date for AGBM/EOGBM.  It is the responsibility of  proposing members to circulate their proposed amendments to all members  by post  and submit  proof of the same.     No amendment or alteration shall be made unless it is so voted by 2/3rds of members present at such meeting and confirmed by 2/3rds of the members present at a second special   meeting called for the purpose within a period of 3 months.  However number of such members should not be less than half of the total number of members of the Association at that point of time as per membership register.

The association shall be a non-profit making organization working for the furtherance of its aims and objectives.  It may, however, acquire property, invest funds and manage its assets so as to secure income for the common good for the Association as a whole and also maintain a paid staff for managing its affairs, including library and other legitimate activities.  Its members may not receive any salary or bonus but may be paid honoraria for services rendered with the approval of Executive Committee.

Fellows of the association are entitled to use the letters F.A.A.D.B.A. (O.U.) after their  names  to indicate their fellowship in the association.

14.  PATRONS:

Persons who make a substantial donation of Rs.10,000/- or more to the association shall be on the recommendation of the Executive Committee are nominated as PATRONS  of   the Association.  Patrons need not necessary be the members  and such  donations  are made  fixed deposits in any National/Coop Bank and only the interest part is spent for any reasonably good purpose of the association.  The Patron may also suggest the activity for which the interest on such Fixed Deposit be spent by the Association.

15. BUSINESS YEAR :

The business year of the Association shall be calendar year i.e.,  from 1st January  to 31st December.  All dues become payable on or before 1st January of the year of membership.

16.  PUBLICATIONS:

The Association may publish  special papers, monographs, bulletins, proceedings of symposia, etc., as and when they are conducted by it.  The EXECUTIVE COMMITTEE will decide the policy regarding their distribution to members / fellows/Hon. Fellows, whether free or at a price to be fixed as the situation demands from time to time.  If any cost is fixed it will be cost price only.

Technical or Professional papers for reading at a meeting of the association and publication thereafter  should be sent to the General Secretary in proper form neatly typed and carefully illustrated.  Such papers accepted by the specially constituted Editorial Board or Committee of the association will be formally read and discussed at a meeting and will be published if funds  so  permit.  Authors will be supplied copies of the reprints at the cost price.  The EXECUTIVE COMMITTEE will appoint the Chief Editor and members of the Editorial  Board as and when any publications are envisaged.  They need not necessarily be the members of the Association but should be persons of good standing concerning the field of Business  Management/Administration.

17.  COMMITTEES:

The President or the Executive  Committee may appoint such short term or long term committees as may be necessary to consider and report  upon various aspects of the association work  such as publications, nominations, conduct of symposia, cooperation with other bodies,  etc.  At the  meetings of these committees, the President may nominate an Executive member to be ex-officio  member to keep Executive Committee in touch with developments.

18. OBLIGATION BOOK  &  OATH TAKING:

Soon after election which are held once in two years, each office  bearer is required  to sign  in a book signifying his/her adherence to the constitution objectives, rules and regulations  of the  Association.  This book shall be a permanent record of Membership of the Association.  This  is in addition to the oath at the time of assuming charge/office.  The charge of their respective responsibilities is taken by the newly elected  members  at the AGBM that will be held.  The outgoing team will hand over the charge to the new team.  The President of the new team will deliver his acceptance speech and purpose his programs and polices  for his tenure of office.

19. CODE OF CONDUCT & DISCIPLINE:

As the activities of the Association are proposed to be held within the  precincts of the Department of Business Administration at the Osmania University Campus, the Code of Conduct & Discipline of the University will Govern the members and office Bearers of the Association.

20.  WINDING UP:

If the Association is to be dissolved, its property and assets may be disposed of by gift to O.U.  provided a two thirds majority of the members present and voting at such a General Meeting approves such proposal.  In such a case the beneficiary should be only the Department of Business Administration, O.U. Campus and not any other organization.

21. ARBITRATION :

 Any dispute of any kind with respect to the matters of OCAMBAAA is arbitrated by a three member committee consisting of the Principal, Dean & Head of the Department of Business Administration of the O.U. Campus.  An appeal on the Award of the Arbitration Committee lies with the High Court of A.P.  Hyderabad. This Constitution was unanimously  approved in the AGBM held on 26-01-2000 in the Department  of Business Management of Osmania University.

 
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