Untitled Document
Untitled Document
17 May 2007
The Association shall be called ?Indian Atomic Industrial Forum? or by the abbreviation IAIF.
The registered office of the Association shall be situated in Mumbai in the State of Maharashtra.
(A) Objectives & Activities
  (a) To serve as a common platform for the Indian Industries, Institutions, etc, for exchanging information and views in relation to the nuclear technology with an ultimate aim to promote the cause of nuclear power.
  (b) Examine feasibility of identifying areas of mutual co-operation for –
    (i) Improving project construction schedules, project management, equipment supply schedule, with a view to avoid cost and time over run.

(ii) Facilitate setting up of Service Organizations to improve performance. An example could be the setting up of Specialized Maintenance Organizations.
  (c) To act as catalyst for the promotion of Nuclear Energy Development between the Government Agencies, Nuclear Industry and the Public.
  (d) Creating Public Understanding and Acceptance.
  (e) International Co-operation.
  (f) Information Services, Fact-Finding Studies and Publications.
  (g) Identify and co-ordinate the training needs of the Industry.
  (h) Conference and Meetings.
  (i) Liaison among Members.
  (j) To promote export of project/equipment/consultancy services.
(B) The incidental and ancillary objects for the purpose of achieving the objectives shall be:
  (a) to acquire, purchase, hire, exchange, sell or transfer any movable and immovable property in furtherance of the objects of the Forum ;
  (b) to establish fund or funds for carrying out the objects of the Forum ;
  (c) to invest any money of the Forum not immediately required, in such investments as may, from time to time, be determined by the Forum;
  (d) to draw, make, accept, endorse and negotiate cheques, promissory notes, bills of exchange, hundies and other negotiable instruments in pursuance of the objects of the Forum ;
  (e) to borrow or raise funds either by loan or otherwise to further the objects of the Forum ;
  (f) to appoint, employ and pay agents or workers for the purpose of maintaining the Forum;
  (g) to conduct, defend and intervene or compromise in legal proceedings instituted by or against the Forum ;
  (h) To pay out of the funds of the Forum, all expenses incidental to the formation and management of the Forum ;
  (i) To open and operate account of any description with any Bank or Banks ;
  (j) To do generally such other acts as may be necessary, incidental or ancillary to all or any of the objects mentioned above.
(C) All the incomes, earnings, movable and/ or immovable properties of the IAIF shall be solely utilized and applied towards the promotion of its aims and objects only as set forth in this Memorandum of Association and no portion thereof shall be paid or transferred directly or indirectly by way of dividends, bonus, profit or in any manner whatsoever, to the present or past members of the Forum, or to any person or person claiming through any one or more of the present or the past members. No member of the Forum shall have any personal claim on any movable and/ or immovable properties of the Forum or make any profit, whatsoever, by virtue of this membership.
Governing Body
The Governing Body shall be the Executive Committee as constituted by the Rules and Regulations of the IAIF.
Untitled Document