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Memorandum of Association
Recognizing that it is necessary, in the public interest, to ensure that banks evolve comprehensive codes and standards for fair treatment of customers of banks It is necessary to have an independent watch dog to ensure that banks deliver services in accordance with such codes and standards; It is necessary to ensure that the institutional mechanism is autonomous, independent and effectively monitors and enforces the compliance of such Codes and Standards.
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Governing Council
The names, addresses and occupation of members of the first Governing Council of the Society
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Meeting Of Member Banks
The Society shall convene the annual general meeting of the member banks every year and the meeting shall be attended by the respective representatives who shall have the right to vote.
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First Chief Executive Officer
The member designated as Chief Executive Officer in Clause IV of the Memorandum shall be the Chief Executive Officer on the registration of the Society.
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Rules And Regulations
The Society shall not be operated for profit and no part of its income shall accrue to any of its member banks or its officials or any member of the Governing Council
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