MEMORANDUM OF ASSOCIATION

1. NAME OF THE SOCIETY : PHR INVENT EDUCATIONAL SOCIETY 2. LOCATION :

Door No. 3-25A, Nidamanuru 521 104, Vijayawada Rural.
3. AIMS & OBJECTS The objects for which the Society established aro as under: a)
To impart literacy, Technical, Scientific, Cultural Character. b) To develop
nationality, self discipline, Moral Character. c) To hold, arrange and organize
meetings, lectures, discussions, seminars, symposia, conference, and research
programs. d) To establish, maintain and support libraries, reading rooms etc., e)
To start Science, Engineering and Technological Institutions. 0 To conduct
examinations and award the certificates who have completed up to satisfaction
of the examiners. g) To start school from Primary to Higher Secondary Education
and Junior Colleges either independently or by joint venture or in collaboration
with any of the Educational Institution or Society established in India. h) To
develop other higher education in the level of degree and post graduations. i) To
conduct any activity for the achievement of the above objectives.

RULES AND REGULATIONS OF THE SOCIETY

1. Name of the Society PHR INVENT EDUCATIONAL SOCIETY 2. Location * D.No. 325A, Nidamanuru -521 104, Vijayawada Rural.
3. MEMBERSHIP The Society is governed by the following agencies i ) Founder of
the society ii) Managing Committee with its Office Bearers iii) General Body of
the Society
i) FOUNDER OF THE SOCIETY: In the best interest of PHR Invent Educational
Society founder PARIMI NARENDRA BABU S/o Sri P.HANUMANTHA RAO will
nominate himself as SECRETARY and for the first time the members of the
Managing Committee. He shall appoint the Office Bearers also from among the
members of the Managing committee. Members of the next Managing
Committee will be elected by the General Body. ii) MANAGING COMMITTEE: The
Managing Committee shall consist of Seven Members of whom one is Chairman,
One Vice Chairman, one secretary, one Joint Secretary, one Treasurer and two
members. All the members of the Managing Committee shall be elected from
among the General Body by the General Body. The Chairman, Vice Chairman
etc., shall be elected by and among the members of the Managing Committee.
iii) Every person who pays Rs.10,000/- (Rupees Ten thousands only) towards the
subscription is eligible for the life membership of the Society subject to the
approval of Managing Committee.

4. THOSE WHO FORFEIT MEMBERSHIP: a) Those who resign in writing and whose
resignations are accepted by the Managing Committee. b) If any member of the
Managing Committee, absent for three successive meetings, they Cease to be
the member of the Committee and the vacancy may be filled up by nomination
by the founder and he will be continued as a member of the committee till the
next elections. c) Those who were expelled by the Managing Committee. Those
who forfeited their membership can rejoin as members subject to the approval of
the Managing committee on payment of such fee as is determined and with in
the time laid down by the Managing Committee. 5. ANNUAL GENERAL MEETING:
There shall be an annual meeting of the General Body of the society ordinary in
the month of June to transact the following business and it shall be known as the
annual General Meeting. The General Body can modify the rules of the society
subject to the provisions of the Andhra Pradesh Societies Registration Act
35/2001. 1. Consideration and adoption of the secretary report. 2. Any other
subject that may be introduced by the Secretary or any other subject for which
any member gives notice duly prescribed. 3. Adoption of next annual budget. 4.
Review of activities of previous year. 5. Audit report. 6. EXTRA- ORDINARY
MEETINGS: The General Body meet once a year, if necessary, shall meet on a
written requisition by seven members of the Association, mentioning the object
of the meeting. The secretary shall call for a meeting not later than a month from
the receipt of requisition, failing which, the requistionists may convene an extraordinary General Body meeting as an when necessary by giving due notices to
the members.

7. NOTICE: There shall ordinary notice be given seven days before for any
General Body meeting. An accidental non-receipt of such notice by any member
shall not in-validate the proceedings of the meeting. 8. QUORUM: No official
business shall be transacted at any meeting unless a quorum of one-third (1/3rd)
members on rolls is present and also the same quorum shall be for the General
Body Meeting. The meeting of the General Body shall be conducted with the
prescribed quorum. If no quorum is present at a meeting, the meeting shall be
adjourned. For any other adjourned meeting, if no prescribed quorum is present
the members present on that meeting shall be deemed to the quorum for such
meeting. 9. MANAGING COMMIITTEE AND ITS FUNCTIONS: a. The Managing
Committee shall consist of seven members of whom one is Chairman, one Vice
Chairman, one Secretary, one Joint secretary, one Treasurer and two members.
All these will be elected by the General Body once in two years. b. The Managing
committee should meet at least once in three months or on the day notified by
the secretary. c. This body has the right to expel any member who violates the
rules and regulations of the society and its ideals, without assigning any reason
therefor. d. An annual budget will be presented by the Managing Committee to
the General Body at the Annual General Body meeting. e. The Managing
Committee shall have power to frame bye-laws not in consistent with the rules
for the regulation of affairs of all sections of the society subject to the approval of
the General Body at its next meeting.

f. The Managing Committee shall have the power to borrow loans from any
Nationalized Bank or public financial institutions to achieve the objects of the
society. The Managing committee shall decide the amount to be borrowed, rate
of interest, repayment schedule and all such terms and conditions pertaining to
the borrowing.
10. NOTICES AND QUORUM: Notice of two clear days shall ordinarily be given for
a meeting of the Managing Committee. The quorum for a meeting of the
Managing Committee shall be two-third (2/3rd) of the members present. If at any
meeting there is no quorum, the meeting stands adjourned to the same day and
same time in the next week. Meeting shall be prescribed over by the Chairman or
in his absence, the Vice Chairman if present or in the absence of both, any other
member elected to preside for the meeting.
11. RESOLUTIONS BY CIRCULATIONS: Any urgent resolutions may be passed by
circulation amongst the membeis of the Managing Committee, and a resolution
having the support of majority of the members, shall be deemed to be one duly
passed at a meeting of the committee. In the event of the signature of any
members being affixed on different dates the resolution shall be deemed to have
been passed on the last of such dates.
12. SUB COMMITTEES: The Managing Committee shall have power to constitute
any Sub Committee from out of its members for any specific purpose with
powers to co-opt other persons.

13. VOTE: Question put to vote at a meeting shall be decided by a simple

majority, by a show of hands, and each member shall have only one vote
irrespective of his class of membership. The Chairman or the Vice Chairman of
the meeting shall have a casting vote in cases of equality of votes. An entry in
the minute's book by the Chairman showing that a resolution has been passed
shall be conclusive and binding on all concerned.
14. VACANCY IN THE OFFICE: In case of a vacancy, in any of the officers of the
Executive Committee caused by reason by expulsion, resignation, death or for
any other reason, the rest of the members of the Executive Committee may coopt any member of the Society who is not otherwise ineligible to become a
member of the Executive Committee by simple majority.
15. DUTIES OF THE OFFICE BEARERS:
(a) CHAIRMAN: The Chairman will preside over the both General Body and
Managing Committee meetings. The President may check the duties of the Office
bearers and place them before the Managing Committee for action with his
remarks and recommendations.
(b) VICE CHAIRMAN: In the absence of the Chairman the Vice Chairman will
preside over both General Body and Managing Committee. In the absence of the
Chairman the Vice Chairman should exercise all powers and duties as of the
Chairman.

(c) SECRETARY: The entire correspondence of the Society and its sister
organizations should be carried out in the name of the Society. The Secretary
should give all publications, announcements and statements pertaining to the
affairs of the Society. The Secretary shall make the appointments under the
Society. However, he is authorized to delegate this power to any of the members
of the Managing Committee. The Secretary should represent the Society in
respect of all Assets and Liabilities. The Secretary should take over day-to-day
administration of Society including supervising, controlling and monitoring the
activities of the employees of the Society. The Secretary is, also empowered to
take disciplinary actions against any'employee or student when any act of
fraudulent, misbehavior etc., are committed. The Secretary shall call for and
convene the Meeting of General body and Managing Committee as per the
Byelaws of the Society and maintain the minutes of such meetings. The bank
accounts shall be opened in the name of the Society or its sister organizations
and all such accounts should be maintained and opened by the Secretary and
the Treasurer jointly. All donations. charities, grants or remunerations shall be
collected by the Secretary on behalf of, and in the name of the Society, under
receipts. The Secretary shall be the custodian of all books of accounts, minutes
and other material documents of the Society. The Secretary is empowered to
execute all necessary security documents, agreements, contracts, negotiable
instruments on behalf of, and in the name of the Society. The Secretary also
authorized, subject to approval of the Managing Committee, to mortgage/
hypothecate / pledge the assets of the Society as security for the amounts
borrowed from the banks, financial institutions etc., to achieve the objects of the
Society. The period of first Secretary of the Society is lifetime and there shall not
be any elections to the post during the lifetime of the first Secretary.
(d) JOINT SECRETARY: In the absence of the Secretary the Joint Secretary should
act as Secretary.

(e) TREASURER: The Treasurer of the Society shall be incharge of all its accounts
and funds of the Society and shall honour all bills signed by the Secretary, the
Secretary and Treasurer shall jointly operate the accounts of the School and
Society.
MEMBERS OF THE MANAGING COMMITTEE: The Managing Committee members
may give suggestions both to the Chairman and Secretary. The importance be
given to suggestions of the Managing Committee Members. The majority of the
Managing Committee is empowered to admit or refuse any person as a member
in General Body. The Managing Committee is empowered to change of postpone
the elections of the Managing Committee by a unanimous resolutions for a
specific period not exceeding one year.
16. FUNDS: Corpus Fund: The Society shall have a Corpus Fund. The Executive
Committee of the Society shall thrive to raise the necessary funds to the corpus
in order to attain the objects of the Society. The funds of the Society shall he
spent for the attainment of the objectives of the Society and no portion there of
shall be paid or transferred directly or indirectly to any of its members through
any means. Funds of the Society should be deposited in a scheduled Bank in the
name of the Society.
16 (a) The Society, in order to cater to, its needs and to achieve the objects, is
entitled to raise the funds by borrowings from the Nationalized or Scheduled
banks or from any public financial Institutions by mortgage / hypothecation /
pledge of the assets of the Society.

16 (b) The Society can acquire assets, either movable or immovable, in its name
either by purchase or by accepting donations or by exchange of the properties.
All such deeds relating to the Assets of the Society should be in the name of the
Society only. In order to achieve the objects and to cater to the needs, the
Society can also enter into lease / license in respect of properties, both movable
and immovable, either with the Members of the Society or with the outsiders.
The Managing Committee shall have the power to decide the lease amount or
license fees, period of lease / license and the other material terms and conditions
of such lease / license.
16 (c) The funds of the Society shall be invested in accordance with the
provisions of the section 13 (1) (d) R.W.S. 11 (5) of I.T. ACT 1961.
16 (d) The Income or Funds of the Society shall be solely utilized for furtherance
of the objects of the Society and no part of it shall be distributed among the
Executive members of the Society by way of profit or dividend or otherwise.
16 (e) The benefits of the Society are open to all irrespective of caste,
community, religion etc.,
17. AUDIT: The accounts of the Society shall be audited by a qualified Chartered
Accountant, who is appointed by the Managing Committee for this purpose.
17 (a) Financial Year: The financial year of the Society shall be from 1st April of a
year to 31st March of the succeeding year.

18. AMENDMENTS: No amendment or alternation shall be made in the purpose of

the Sobiety unless it is voted by 3/5th of the members present convened for the
purpose and confirmed by 3/5th of the members present at a Second General
Body Meeting. 18(a). No amendment to the Memorandum of Association/Bye
laws shall be carried out without prior approval of the Commissioner of Income
Tax.
19. WINDING UP: if upon winding up of the Society the remains after discharging
all its liabilities charges and expenses, any property whatsoever, the same shall
not be paid to or distributed among the members of the Society, but shall be
bequeathed or transferred to some other Institution or Institutions having objects
similar to those of this Society and registered with the commissioner of Income
Tax u/s 12A and u/s 80G of the Income Tax Act to be determined by the votes of
3/5th of the members present at the time of dissolution.
20. GENERAL: * 1. The Society formed under the title shall be irrevocable. 2. No
activities of the Society will be carried out, anywhere out side India.