IPSA Membership Rules and Regulations
Article VI : General Matters
Assets and Liabilities: All assets and liabilities of the Association shall vest in the Council and managed by it in accordance with the provisions contained in these Rules and Regulations.
Litigation: The Association shall sue and be sued in the name of its Secretary.
Dissolution: The Association can be dissolved only at an Extraordinary General meeting of the Association, called specifically to consider the issue and attended by at least one-fourth the number of Regular members on the rolls at the time. Consent of at least 75 per cent of the members present shall be necessary for the resolution to be declared carried. ln case the Association has to be wound up the property and funds of the Association that will remain after full satisfaction of the liabilities of the Association will be transferred to some other Association in the country, with similar aims and objects and registered with the income tax department under section 12A of the IT Act 1961 .
Amendments: No amendment or alteration shall be made in the Memorandum and Rules and Regulations of the Association without the prior written permission of the Executive Council, and unless it is supported by two-thirds of the Regular members recording their votes at a General Body Meeting convened for the purpose and confirmed in a subsequent special meeting.
The registered office of the Association shall be located in Ahmedabad, Gujarat and until otherwise determined shall be situated at Physical Research Laboratory, Navrangpura, Ahmedabad - 380009.