Finance

The resources of the Federation shall be derived from:

  • Annual dues paid by Members;
  • Contributions from other sources;
  • Income from activities of the Federation.
  • The amount of annual dues from Members shall be determined by the General Assembly.

The financial year shall be from the 1st January to 31st December each year.

The payment of annual dues from Members for any financial year shall be made not later than the 30th June in that year.

In the event of any resignation to termination of membership of a Member, the Member concerned shall be liable to pay its dues for the current financial year, and shall have no claim on the moneys of the Federation or any part thereof.

The Federation shall have power to accept donations to its funds from any source or sources which the Executive Committee approves sub­ject to report to the General Assembly.