Constitution

MEMORANDUM OF ASSOCIATION OF "ST. XAVIER'S COLLEGE (CALCUTTA) ALUMNI ASSOCIATION"

Provided further and/without prejudice to the generality of the above and for the effective carrying out of the above objects, The Association shall have the power, subject to and in accordance with the provisions of the West Bengal Societies Registration Act and Rules thereunder as also the Regulations of The Association, to acquire, purchase, receive, hold, take on lease or otherwise any property, establishment, land, building, easement or other interest in real estates, including securities and negotiable instruments and all kinds of personal property(ies), to construct, maintain buildings, tents, grant rights over or deal with or dispose off any of The Association properties or any portion thereof and enter into contracts for and in connection with any, some or all of the object of The Association, to raise money or moneys whether by way of fees, subscriptions, sale of tickets etc. And funds in such manner as may be deemed fit for and on behalf of The Association and to accept donations, grants, presents and other offerings in cash or in kind including moveable and immovable properties etc. And to deal with the same for carrying out the objects and/or purposes of The Association.
Notwithstanding anything hereinbefore contained The Association shall be completely apolitical and keep itself aloof from party politics, although it may participate in any forum or activity for the good of the community and the general public and also to resist any action or measure which it considers to be against the public interest, provided further that such actions would be taken only under the aegis of The Association or similar apolitical bodies and not under the sponsorship or banner of any political or quasi-political organisations and such action is not opposed by any of the members of the Governing Council. Finally, the income of The Association from whatever source and or properties and assets shall be applied solely towards the promotion of the objects of The Association as set forth above and no portion thereof shall be paid or transferred directly or indirectly by way of profits or otherwise to any member or ex-member of The Association or any person claiming through any of them provided that such restrictions shall not prevent the payment in good faith of any remunaration to any officer, servant or employees of The Association or to any member or associate of The Association including allowances, Bonus, reimbursement of costs and travelling expenses in relation to and for the purposes of achieving and furtherence of the objects of The Association, and The Association Fund and property shall be applied to or for such purposes and subject to such conditions and limitations, if any, and within such territories as may from time to time be laid dowm in the Income Tax Act,1961 or any other Act in modification or substitution thereof governing taxation of income for the time being in force, as well as ensure or make the society hereby established shall be one to which the provisions of Section 80G of the Income Tax Act, 1961 or any enactment or modification thereof apply, so that any donation to The Association is eligible for exemption from tax in respect of the donors.