By Laws

 

1. MEMORANDUM

1.1 NAME : The name of the Society shall be CREDAI CHENNAI.

1.2   ADDRESS - The address of the Association is 8^th Floor, 8E Century Plaza,No.526 (560-562) Anna Salai, Chennai-600 018 Tamilnadu.

1.3   JURISDICTION – The Association shall be within the Jurisdiction of Registrar of   Societies, Chennai, Tamilnadu.

1.4  Date of Formation of the Association is 20.12.2007.

 

2. OBJECTS

The object of the  Association shall be :

The objectives for which the CREDAI CHENNAI is established are:

1.    To evolve fair practices and establish standards for the construction industry and properly development of industry,   having just and due regard to the interests of the interactive involvement.

2.    To prescribe from time to time and implement a code of conduct for practices by the industry to ensure greater reliability and transparency in its workings.

3.    To undertake programs of offering courses in areas related to the industry such as construction practices, business ethics, management etc.

4.    To create appropriate strategies that foster and encourage exchange of information and view points between private and government sectors and also to represent the Profession of Construction Engineering and Building Promoters within India and abroad.

5.    To promote the general advancement of the science and practice of construction Engineering and Building Promotions in India and enhance the interest and the status of the construction Engineering and Building Promotions profession in India.  To promote professional interest, rights and privileges of Construction Engineering and Building Promoters in India.

6.    To create, update and maintain and appropriate data base as may be relevant to the Industry. To facilitate exchange of information relating to Construction Engineering and Building Promotions, among its members and to spread knowledge and information connected with Construction Engineering and Building Promotions in India by arranging lectures / discussions, by  correspondence, by holding of conferences, by the publication of papers/periodicals/journals/books/circulars/maps etc. By encouraging research work, by the formation of a library or libraries, by establishing, maintaining centre of excellence in construction engineering and building promotions and by the collection of models/designs/drawings/other articles of interest in construction Engineering and Building Promoters. 

7.    To provide facilities Refresher/continuing Education Courses in Construction Engineering and Building promoters and for working professionals to upgrade their knowledge as well as their analytical skills and design skills to Architectural related matters in India & from all over the world and to disseminate relevant information in the form of abstracts of interest to Construction Engineering and Building Promoters in India.

8.    To sponsor research on problems relevant to Construction Engineering and Building Promotions in India, or make grants of money, books, equipments for promoting education and research in Construction Engineering and Building Promoters in India.

9.    To frame and maintain a Code of Professional Ethics and to ensure its observance through self regulatory measures.

10. To give the Parliament, the State Legislatures, Government of India, State Governments, Municipal Corporations and other Public Bodies, facilities, representations for conferring or objecting with and ascertaining the views of Construction Engineering and Building Promoters in India, as regards matters directly or indirectly affecting engineering, and to confer with any of these bodies and others.

11. To take effective steps including filing of petitions through various courts to protect the interest of  the industry and members of CREDAI CHENNAI

12. To encourage the settlement of disputes by conciliation, mediation or arbitration and recommend or nominate conciliators, mediators and arbitrators.

13. To promote the adoption of equitable forms of contracts and other documents used in the practice of construction Engineering and building Promotions in India.

14. To borrow or raise or secure by way of donations aid the money required for the purpose of the Association in such manner and on such terms as the association may deem fit, and to secure the same or the repayment and performance of all other things which are incidental or which the association may think conducive to the attainment of the aims and objectives of the Association.

15. To confer and cooperate with institutions and organizations and others engaged in  activities having aims and objectives similar to those of the Association

16. To affiliate by becoming a members permanent or temporary with any All India Institutions or Such Bodies which have similar objectives and to contribute and abide by their Bye laws in order to full-fill any of the objectives aforesaid.

17. To take over any Associations or society or any other entity, with similar objectives, including their Assets, Liabilities, with their members, with the approval of the members in Annual General Meeting.

18. To purchase, take on lease or in exchange, hire or otherwise acquire any property and any rights or privileges of another association or unit, which the Association may consider necessary or convenient and in particular any lands, Constructions or works and build maintain and alter any Construction or works of the Association.

19. To acquire such assets as may be necessary to further the aims and objectives of the association and to dispose them off in any manner deemed fit.

20. To sell, let, mortgage, dispose or turn to account all or any of the property, rights or privileges of the Association.

21. To undertake and execute any trusts which may lawfully be undertaken by the Association and may be conducive to the attainment of its aims and objectives .

22. To invest and deal with the moneys  of the Association and not immediately required for its purposes, in or upon such investments, securities or property as may be thought fit for the benefit of the Association.  To invest any monies of the Association in accordance with the powers conferred under sec 24 of the Tamilnadu Societies Registration Act, 1975

23. To establish and support or aid in the establishment and support of any charitable or benevolent  association or institution and to subscribe or guarantee money for charitable or benevolent purpose of the  Association or calculates to further its aim & objectives.

24.  To hold meetings of its members and the Executive Committee to frame rules of business from time to time for the conduct of the business of the Association and to maintain books, hire people and establish one or more offices, branches, sub-divisions and agencies in furtherance of the aims and objectives of the Association.

25.  To do all such other lawful acts and things as are incidental or conducive to the  attainment of  the above objectives or any of them.

26.  To alter, vary, cancel add to substitute and amend in any manner whatsoever the objects of The  Association, provided all or any such alteration, variation, cancellation, addition, substitution and amendment or not opposed to any law or regulation for the time being in force.

27. The management of the affairs of CREDAI CHENNAI is entrusted to the Executive Committee of the following at the time of registration.

28. To do all and such other things, without limitation, as may be construction incidental or auxiliary and conducive to the attainment of these objects.

29. To alter, vary, cancel, add to substitute and amend in any manner whatsoever the objects of the CREDAI CHENNAI provided all any such alteration, variation, cancellation, addition, substitution and amendment or not opposed to any law or regulation for the time being in force.

30. The management of the affairs of the CREDAI CHENNAI  is entrusted to the Executive Committee consisting of the following at the time of registration.

31. To initiate or take such action against any erring member or erring owner as may be necessary or expedient in a accordance with these bye-laws and/or in the interests of congenial community living.

THE RULES AND REGULATIONS

                                                            A. Preliminary

1.    In these rules and regulations unless there be something in the subject or context inconsistent therewith

2.    a) “ CREDAI CHENNAI  means M/s. Confederation of   Real Estate Developers of   India Chennai

b) “ CREDAI  CHENNAI  means the Executive Committee of the CREDAI CHENNAI  elected  and/or constituted in the manner prescribed these rules.

c) “ Financial Year ” means the period in respect of which the Income and Expenditure Account of CREDAI CHENNAI laid before the Annual General Meeting is made up whether that period is a year or not.  Unless otherwise determined by the Committee. The financial year of the CREDAI CHENNAI  shall be from 1st April to 31st March and the first year shall be ending 31st March 2009, for a period of 15 months from December 2007.

d)  “ General Meeting ” means a General Meeting of the CREDAI CHENNAI

e) “ The Government ” means a State Government or the Central Government

f) “ Member ” means any class of member of CREDAI CHENNAI or the time being other than an Honorary Member

g) “ The President  ” means the Honorary President of the CREDAI CHENNAI 

h) “ The President Elect ” means the Honorary President Elect of CREDAI CHENNAI

i) “ The Vice President ” means the Honorary Vice President of the CREDAI CHENNAI 

j) “ The Secretary ” means the Honorary Secretary  of the CREDAI CHENNAI

k) “ The Treasurer “ means the Honorary  Treasurer of the CREDAI CHENNAI

2. The expression and terms used in these Rules and Regulation, but not defined in these Rules, shall have the same meaning as defined in the Tamilnadu Societies Registration Act 1975 or any modification or  re-enactment  thereof.

                                                        B.    Membership

3. The CREDAI CHENNAI  may through its Executive Committee decide the composition and criteria of the members and types of membership, like Institutional, individual, honorary apart from permanent and temporary etc.

 

I) Institutional Membership

Institutional membership is offered to these organizations, companies, Firms, Individuals interested and also in the activity of construction industry, Land developments and Building Contractors that and also interested in promoting research in the filed of and are willing to support CREDAI CHENNAI for its main and ancillary objectives. Every institutional member can nominate one member from the institution to participate in CREDAI CHENNAI’s activities

Any institution / organization interested in CONSTRUCTION ENGINEERING AND BUILDING PROMOTIONS IN TAMILNADU can become a Permanent Institutional  Member by paying a one-time fee of the subscriptions as decided by the Executive Committee from time to time.

ii)  Individual Membership

Any individual who is interested in construction engineering and Building Promotions or in the activity of the construction industry, Land developments and building Contractors who are also interested in promoting research have some knowledge and experience in such activity to share with others, can become a member of  the CREDAI CHENNAI 

An individual can also become a Life Member by paying a one-time fee or subscription as desired by the Executive Committee from time to time.

III) Member  Honories Cause

An individual who has made an outstanding contribution towards the promotion of construction engineering and Building Promotions may be invited by the Executive Committee to become a Member Honoris Causa.

iv)  Membership fee

Membership fee category wise ( Admission Fees  for New members / Life membership fees / annual Subscription fees and any other Fees for specific funds) shall be decided and fixed by the Executive Committee in line as per the Guidelines issued / framed by the Executive Committee in this regard, in its monthly meetings.

v)  Membership Validity :

All existing memberships will be valid for a period of one year only, which will be renewed on payment of subscription for the following year and provided there are no other outstanding due to CREDAI CHENNAI.  The membership certificate will bear a validity period of one year.

 

vi) Customer Redressal :

Customer grievance referred by CREDAI Secretariat should be attended to and responded by the Company Directors only within the stipulated time frame.

4. Membership Rights

a)  All the members will have the right to review objectives and structure and formulate bye-laws and select various office bearers and bodies which in turn will have the responsibility of  promoting the achievement of the objectives of the CREDAI CHENNAI

b) The members shall be given a copy of the Bye laws at the time of joining and the copy of the audited accounts at the time of Annual general meet every year along with the notice.

5. Cessation of membership

a) “ Any member shall automatically cease to be on the rolls of CREDAI CHENNAI, if He/She fails to pay the annual membership fee within 3 months from the beginning of the membership period ”.

b) Any member shall cease to be on the rolls of the CREDAI CHENNAI by writing a letter to that effect to the President. 

c) However, such defaulting members may be reinstated on submitting fresh application and payment of arrears / due to the CREDAI CHENNAI plus re-admission fee if any.

d) A member may be suspended or terminated from the rolls of the society if in the judgment of the Executive Committee, he or she is found guilty of conduct detrimental to the best interests of the CREDAI CHENNAI or the spirit of construction engineering & Building Promotions.  The president shall however, give an opportunity to the concerned person to explain the charges leveled against him or her.  The Executive committee of the CREDAI CHENNAI  be the final authority to make such a judgment.

C .Structure of the CREDAI CHENNAI and its affiliation to  CONSTRUCTION ENGINEERING AND BUILDING PROMOTIONS IN INDIA

a ) CREDAI CHENNAI  will function through the office bearers and its Executive Committee. The activities of CREDAI CHENNAI  will promote the objectives stated in Section 2 of the memorandum.

b  To affiliate by becoming a member  permanent or temporary with any Al INDIA  institutions like CREDAI NATIONAL at NEW DELHI and / or such bodies which have similar objectives and to contribute and abide by their Byelaws in order to full-fill any of the objectives of aforesaid.

 

                                      D. Management  of  the CREDAI CHENNAI  :

6  General Body

a)  All members including institutional Members and Honorary Members will constitute the General Body of CREDAI CHENNAI . The quorum for the annual General Body or Extra Ordinary General Meeting will be one third (1/3) of the total members   on the rolls of CREDAI CHENNAI .  In case the quorum is not met, the meeting could be adjourned and reconvened after a lapse of at least three hours.

b) The Meeting of the General Body will be held once in a year and within 6 months from the end of the Financial Year.  The president will convene the meeting of the General Body.  However, extra ordinary meetings of the General Body may be called at the decision of the Executive Committee or one thirds (1/3^rd’s) of the Members on the Rolls of CREDAI CHENNAI giving at least 21 days notice in writing.

c) The General Body Meeting  will be chaired by the President of CREDAI CHENNAI at least 21 days notice specifying time, place, date, hour and agenda of the meeting will be given to every member issuing notices by ordinary post or by hand-delivery or any other accepted mode of delivery and intimation.  The General Body will discuss the annual report of the President and approve the audited accounts.  In the absence of the President any member of the Executive Committee may be elected to chair the meeting.

d) The General Body Meeting  shall be called within 6 months from the financial year end i.e.31^st March of every year. However, first meeting shall be called after 31^st March                 when the first year ends consisting of 15 months period          

(i)            The Executive Committee will appoint the auditors and fix the remuneration, for auditing the accounts of CREDAI CHENNAI . Balance sheet and Receipts and Payments accounts shall be drawn for the financial year and presented to the members for their approval.

(ii)          The Members may seek information in the General Body Meeting about the work and progress of the CREDAI CHENNAI  and make suggestions for the promotion and realization of CREDAI CHENNAI’S  objective.

(iii)         Normally all major decisions will be taken at the General Body Meetings.  The Secretary, with the approval of the president will conduct such postal ballots.

(iv)         CREDAI CHENNAI’s Constitution can be amended only by the General Body by votes of at least one third (1/3) majority of members present.

(v)          CREDAI CHENNAI  shall be dissolved in accordance with the provisions of the Registrar of Societies Act 1975, and in the event of the winding up of CREDAI CHENNAI’s  assets after clearing debts and liabilities shall be handed over to some other societies/ associations with similar objectives to be decided by votes of at least 66.66% or 2/3rd of the members present.

                                                       E  Office Bearers

The office bearers shall be elected by and from amongst the members (including Honorary and Individual Members) of the Society in good standing.

(i)            The President or Vice President will be the Chief Executive of CREDAI CHENNAI  He / she shall (a) chair meetings of the General Body and Executive Committee (b) approve agenda for all these meetings and postal ballots (c) approve the annual report of CREDAI CHENNAI and (d) sign all formal contracts and documents.

(ii)          The Secretary of CREDAI CHENNAI  shall with the approval of the president call the meetings and arrange postal ballots & in case of election or such other matters) and carry out day-today  execution of the  work of CREDAI CHENNAI.

(iii)         The Treasurer shall maintain the books of accounts of CREDAI CHENNAI  He/she will advice the President and the Committee regarding monitoring the financial policies and norms laid down by the Committee from time to time.

                                                        F.  Executive Committee

8. CREDAI CHENNAI  will have an Executive Committee consisting of  the President, One President Elect , Two Vice Presidents, Secretary, Treasurer, and five members thus totaling to 11 elected by the General Body.

1. The terms of the Executive Committee will be for a period of two years.  The committee shall lay down the broad policy guidelines regarding CREEDAI CHENNAI’s  activities membership, financial matters and about its future development and growth.  It will also be the trustee of the CREDAI CHENNAI

2. The  Executive Committee will have the ultimate authority in establishing external linkages and acquisitions and disposal of fixed assets other than Immovable Properties of CREDAI CHENNAI as per law.

3. The  Executive Committee shall meet at least once in every month

4. The  Executive Committee meeting will be chaired by the President at all times and in his absence by  any one Member co-opted out of the members present.

5. The quorum of the Executive Committee will be three-fourths (3/4th’s) of the number of members on the committee.

6. The society shall sue and be sued in the name of the Secretary who is in charge of implementation of the affairs of the society under the guidance of Executive Committee.  He shall be responsible to comply with all statutory requirements and filing of all annual returns with the Registrar of Societies.

7. The Executive Committee shall be in charge of Guiding the affairs of the Society, to give directions to the Business affairs of the Society.  The Executive Committee shall appoint necessary staff  for the purpose of running the day to day affairs and routine expenses.

                                                                G. Election

9. The Executive Committee, President, President Elect, 2 Vice Presidents, Secretary, Treasurer, and five members shall all be elected by consensus at the Annual or Extra Ordinary General Meeting once in two years and the procedures shall be governed by section 15 of III of the “ Taminladu Societies Act 1975”.

                                                                H. Funds

10. The Funds of CREDAI CHENNAI  will be by way of Admission / Annual / Life membership fees, research grants, gifts, donations. Release of advertisements in Marketing, Brochures, Sponsorship receipts from corporate and any collections towards special fund that may  be decided by the committee for any special purpose and such other forms.

1) CREDAI CHENNAI  is not organized for profits, and all its income and property shall be applied solely towards furtherance of the CREDAI aim and objectives

ii) Funds of CREDAI CHENNAI shall be deposited in a Scheduled bank or invested in securities or long term deposits, etc. as decided upon by the Committee.  The account(s) shall be in the name of the CREDAI CHENNAI  will be operated jointly by any two persons namely the Treasurer and any one person among the President, Vice President, Secretary authorized by the Executive Committee.  The Committee may authorize opening of special accounts for specific purposes such as research, publication etc. and advise the bank of  the names of the persons who will operate the accounts.

III) All financial investments shall be audited, at least once a year by the auditors appointed by the General Body.

Iv ) The Maximum Petty cash amount on hand shall not be more than Rs.10,000 at any point of time.

                                                              1  General

11. Any modifications in the various clauses of this memorandum of the CREDAI CHENNAI can be made with at least two thirds (66.2/3%) majority of members present during the Annual General Body Meeting or an Extraordinary General Meeting convened for this purpose by CREDAI CHENNAI . However, in special circumstances amendment of bye-laws can be made by the Executive Committee to be ratified by the next General Body meeting.

             J. Amendment in Constitution or Dissolution of the CREDAI CHENNAI

12. CREDAI CHENNAI’s Constitution can be amended only  by the General Body by votes of at least one third (1/3) majority of members present.

13. CREDAI CHENNAI  be dissolved in accordance with the provisions of the Registration of Societies Act 1975, and in the event of the winding up of CREDAI CHENNAI assets after clearing debts and liabilities, shall be handed over to some other societies / associations with similar objectives to be decided by votes of at least two thirds  (66 2/3%) of  the members present.

14. The dissolution will take place either at the time of the Annual General Body Meeting or a meeting of the General Body specially convened for this purpose. Atleast 21 (Twentyone days ) notice will have to be given for such a meeting.

 

 

 

Executive Committee Members  2016 - 2018
OFFICE BEARERS
S.No	Name	Designation	Company
1	Mr. SURESH KRISHN	PRESIDENT	Ms/ Isha Homes (India) Pvt. Ltd.
2	Mr. W.S.HABIB	PRESIDENT ELECT	M/s R W D Pvt. Ltd.
3	Mr. S SIVAGURUNATHAN	SECRETARY	M/s Asvini Foundations Pvt. Ltd.
4	Mr. T PADAM DUGAR	TREASURER	M/s Dugar Housing Ltd.
5	Mr. P V SANMUGAM	VICE-PRESIDENT	M/s KGEYES Residency Pvt. Ltd.
6	Mr. S SRIDHARAN	VICE-PRESIDENT	M/s Newry Properties Pvt. Ltd.,
COMMITTEE MEMBERS
7	Mr. R DAMODARAN	E.C.MEMBER	M/s Real value Promoters Pvt. Ltd.
8	Mr. V.JAGGANNATHAN	E.C.MEMBER	M/s Ramaniyam Real Estates Pvt. Ltd.
9	Mr. MEHUL H DOSHI	E.C.MEMBER	M/s Doshi Housing Pvt Ltd.
10	Mr. A MOHAMMED ALI	E.C.MEMBER	M/s  South India Shelters Pvt. Ltd.
11	Mr. T. UDAYA KUMAR	E.C.MEMBER	M/s Landmark Housing Proj. Chennai Pvt. Ltd.