| The
Income and Property of the Trust |
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The income
and property of the Trust whatsoever and whosesoever shall be applied
solely towards the promotion of its Objects as set forth herein above. |
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No portion of the income
or property aforesaid shall be paid, transferred, or distributed directly
or indirectly by way of profit, dividend or otherwise to any person
whomsoever or to any person or persons who at any time are or have
been the Trustees or Officers of the Trust or to any person claiming
through any one or more of them. Provided that the Trust may reimburse
reasonable expenses incurred by a Trustee for purposes of the Trust
and its administration. |
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| Accounts
and Audit |
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The Trustees shall maintain
proper books of account, which reflects all revenue and expenditure,
assets and liabilities of the Trust. |
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As soon as possible
after the end of the financial year, the accounts of the Trust shall
be examined and the correctness of the Balance Sheet and the Income
and Expenditure Account thereof ascertained by one or more properly
qualified Auditors. |
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| © Copyright
2007 The Endocrine & Metabolic Disease Trust. All rights reserved
- webmaster@emdtr.org |
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