{"id":7096,"date":"2024-10-04T10:24:43","date_gmt":"2024-10-04T04:54:43","guid":{"rendered":"https:\/\/mgt.sjp.ac.lk\/acc\/?page_id=7096"},"modified":"2024-10-22T13:07:15","modified_gmt":"2024-10-22T07:37:15","slug":"aas-3","status":"publish","type":"page","link":"https:\/\/mgt.sjp.ac.lk\/acc\/aas-3\/","title":{"rendered":"SLAAS"},"content":{"rendered":"\n

S<\/strong>ri Lanka Association of Accounting and Society (SLAAS)<\/strong>\u00a0<\/strong><\/p>\n\n\n\n

CONSTITUTION <\/p>\n\n\n\n

ARTICLE I  <\/p>\n\n\n\n

NAME and LOCATION <\/p>\n\n\n

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Section 1 <\/td>\nThe name of the association is Association of Accounting and Society (hereinafter  referred to as \u201cthe Association or the AAS\u201d). The Association operates in Sri Lanka and  in such other countries as may be necessary to enable it to achieve its objectives. The  official address of the Association is Department of Accounting, University of Sri  Jayewardenepura, Gangodawila, Colombo, Sri Lanka. <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n\n

ARTICLE II <\/p>\n\n\n\n

PURPOSE<\/p>\n\n\n

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Section 1 <\/td>\nThe AAS is a not-for-profit professional association for academics, researchers,  practitioners, and policy makers in Sri Lanka and worldwide with interest in accounting. If  a surplus is made in any one of the activities, it shall be used exclusively for the  objectives of the Association.<\/td>\n<\/tr>\n
Section 2 <\/td>\nThe Association will promote research and\/or training activities in accounting, and  business, as approached through the social sciences and  interdisciplinary\/multidisciplinary studies.<\/td>\n<\/tr>\n
Section 3 <\/td>\nThe specific objectives of the Association:  1. To promote contacts among affiliated members, inter alias by disseminating  information on research in progress or on studies and experiments in training  and on new training schemes. 2. To establish or facilitate exchanges, working relations and useful cooperation  among members. 3. To cooperate with government, private development agencies, professional  organizations, and international organizations, in research and training  activities. 4. To communicate and disseminate research and training results on  development to government and private development agencies, professional  organizations, international organizations, as well as to the mass media. 5. To engage in other activities as may be appropriate for such an organization<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n\n

ARTICLE III <\/p>\n\n\n\n

ACTIVITIES AND REVENUE <\/p>\n\n\n

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Section 1 <\/td>\nThe Association organizes conferences, seminars, working parties and also collects  information and publishes books, papers, documents, and information bulletins.<\/td>\n<\/tr>\n
Section 2 <\/td>\nThe activities of the Association are financed by:  1. Fees of individual and institutional membership; 2. Income from events and by the Association and its publications; 3. Grants and donations; 4. Subsidies and subventions; and 5. Any other legal sources<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n\n

ARTICLE IV <\/p>\n\n\n\n

MEMBERSHIP<\/p>\n\n\n

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Section 1<\/td>\nThe membership is opened for individuals who are professionally active in research  and\/or training in accounting and business. Further, the membership is also opened  for institutes or associations whose objectives and activities are oriented towards  research and\/or training in accounting and business. Applications for membership  have to be addressed to the Secretary of the Association and decided by the Executive  Committee of the Association.<\/td>\n<\/tr>\n
Section 2 <\/td>\nThe membership shall be divided into the following classes:  1. Academic Members  Any academic with an interest in accounting and finance or related fields shall  be eligible for membership as an academic member of the Association. 2. Professional members  Any academic, practitioner or policy maker with an interest in accounting and  finance or related fields shall be eligible for membership as a professional  member of the Association.  3. Institutional members  Any organization including business firms, banks and financial institutions,  government entities, universities, centers for research, and similar entities shall  be eligible for membership as an institutional member of the Association.  4. Life members <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n
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 <\/td>\nAny practitioner or policy maker with an interest in accounting and finance or  related fields shall be eligible for membership as a life member of the  Association by fulfilling the requirements of the application.  5. Honorary members  At any annual general meeting of the Association the committee may propose a  person as an honorary member of the Association to be elected by a majority of  the members present at such meeting, and any such honorary member shall be  subject to the rules and regulations of the Association and enjoy the life-time  privileges of membership without payment of subscription. No such nomination  shall be made unless the person nominated holds some public office or has  rendered exceptional or special services on behalf of the Association or to  accounting and finance or related fields.<\/td>\n<\/tr>\n
Section 3 <\/td>\nThe status of member expires as a result of voluntary withdrawal, death, loss of  corporate body or expulsion. A member must give the President or the Secretariat at  least three months notice in writing of his or her intention voluntarily to withdraw  from the Association, which may only take effect at the end of a business year.<\/td>\n<\/tr>\n
Section 4 <\/td>\nEvery paid-up member has the right to participate in the Annual General Meeting  (AGM).<\/td>\n<\/tr>\n
Section 5 <\/td>\nThe executive committee (EC) officers of the Association shall consist of the  following positions 1. President 2. Secretary 3. Treasurer 4. Immediate Past president 5. Vice-President 6. Assistant Secretary 7. Vice-Treasurer 8. Director – Membership 9. Director – Education 10. Director \u2013 Conference 11. Committee member from each university Note: All the above positions are fixed term contract for two (2) years. After  completion of fixed term period, vice president will be appointed as the president of  the association for the next two (2) years period. <\/td>\n<\/tr>\n
Section 6 <\/td>\nEvery member has the duty to pay membership fee regularly at the rate determined  by the AGM. The Association does not commit its members to liability beyond the  amount of their membership fee.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n\n

ARTICLE V <\/p>\n\n\n\n

STRUCTURE AND MODE OF OPERATION<\/p>\n\n\n

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Section 1 <\/td>\nThe structure and mode of operation of the Association would be; 1. An Annual General Meeting (AGM) 2. An Executive Committee (EC) 3. A Secretariat<\/td>\n<\/tr>\n
Section 2 <\/td>\nThe AGM is the supreme body of the Association. It consists of authorised representatives of all institutional members and individual members. No individual  can represent more than one institutional member. The AGM is convened every year.  Invitations to the AGM including the agenda proposed and audited financial  statements (Financial year ends 31st <\/sup>March) have to be sent to members, at least 30  days prior to the meeting. Minutes of the decisions of the AGM must be kept and  signed by the President and the Secretary taking the minutes into account.<\/td>\n<\/tr>\n
Section 3 <\/td>\nThe AGM has the power:  1. To approve the rules of procedure, the estimates of receipts and expenditure,  the accounts of the preceding years,  2. To decide on the work programmes submitted to it by the Executive  Committee or upon the initiative of one or more members. 3. To make the final decision on applications for membership and expulsion of  members 4. To determine\/revise the membership fee 5. To elect the members of the Executive Committee except immediate past  president<\/td>\n<\/tr>\n
Section 4 <\/td>\nThe decisions are made at the AGM by consensus. When it is impossible to reach a  consensus, decisions are reached by simple majority of votes cast. If the votes are  equal, the immediate past president has a casting vote. Each member will have one  vote.<\/td>\n<\/tr>\n
Section 5 <\/td>\nThe Executive Committee members are selected at the AGM once in every two (2)  years except the president. The Executive Committee normally meets once a month.  It gives directions and supervises the affairs of the Association, organize the  activities and control the activities of the Executive Committee and Secretariat.<\/td>\n<\/tr>\n
Section 6 <\/td>\nIn the Executive Committee decisions are made by consensus. When it is impossible  to reach a consensus, decisions are reached by simple majority of votes cast. If the  votes are equal, the president has a casting vote. If executive committee member (s)  does\/ do not attend three (3) meetings continuously without informing, the executive  committee has power to cancel his\/ her position and appointing\/ replace new member  for the executive committee. <\/td>\n<\/tr>\n
Section 7 <\/td>\nFor decisions of the Executive Committee to be valid, at least five members must be  present at the meeting. In the Executive Committee decisions will be made by  consensus. When it is impossible to reach a consensus, decisions shall be reached by <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n
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 <\/td>\nsimple majority of votes cast. If the votes are equal, the president has a casting an  additional vote. <\/td>\n<\/tr>\n
Section 8 <\/td>\nThe President convenes the Executive Committee and the Annual General Meeting  and presides over their meetings.<\/td>\n<\/tr>\n
Section 9 <\/td>\nFor the day-to-day conduct of operations, a Secretariat is to be established under the  responsibility of the President or, under that of the Executive Secretary. It prepares  the regular business meetings of the Executive Committee, and the Annual General  Meeting. Further it organizes or supports the organization of the activities of the  Association to achieve the objectives and carries out the administrative work  involved in the day-to-day conduct of business.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n\n

ARTICLE VII <\/p>\n\n\n\n

BY-LAWS AND AMENDMENTS<\/p>\n\n\n

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Section 1 <\/td>\nSubject to the Articles, the executive committee may, by a simple majority vote,  make, amend or repeal any by-laws that regulate the activities or affairs of the  Association. Any such by-law, amendment or repeal shall be effective from the date  of the resolution of executive committee members until the next Annual General  Meeting of members where it may be confirmed, rejected or amended by the  members. If the by-law, amendment or repeal is confirmed or confirmed as amended  by the members it remains effective in the form in which it was confirmed. The by law, amendment or repeal ceases to have effect if it is not submitted to the members  at the next meeting of members or if it is rejected by the members at the meeting<\/td>\n<\/tr>\n
Section 2 <\/td>\nThe articles of the Constitution and By-Laws shall be confirmed, amended or  repealed by a two-thirds vote of eligible Members at any Annual General Meeting  which may be conducted in person or electronically as determined by the executive  committee. <\/td>\n<\/tr>\n
Section 3 <\/td>\nNotice of proposed revisions and new proposals shall be sent to the members at least  30 calendar days prior to the date on which the vote is to occur<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n\n

ARTICLE VIII <\/p>\n\n\n\n

SETTLEMENT OF DISPUTES <\/p>\n\n\n

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Section 1 <\/td>\nIf a dispute arises among members of the Association concerning affairs of the  Association arises, the President attempts to arrange a settlement. If this proves to be  impossible, the President asks each party involved in the dispute to nominate two (2) members of the Association as arbitrators. The chairman must be the immediate past  president .The arbitrators reach their decision by simple majority There cannot be no  appeal against such decisions.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n\n

This constitution was adopted by the founding members of the Executive Committee of the  Associations at a meeting held on \u2026\u2026\u2026\u2026 in Department of Accounting, Faculty of Management  Studies and Commerce, University of Sri Jayewardenepura, Gangodawila, Nugegoda, Sri Lanka.<\/p>\n\n\n\n

SLAAS MEMBERSHIP APPLICATION<\/strong><\/p>\n\n\n\n