Short Account of the Memorandum
& Articles of Dudjom Buddhist Association International Limited
liability of the members is limited, such amount not exceeding the
sum of HK$10.
any applicant desires to be admitted to membership of the Association
as an Ordinary Member he or she must sign and deliver to the Association
an application for admission framed in such terms as the Board of
Directors shall require and shall follow the regulations contained
in these Articles of Association.
have to pay either a permanent fee or an annual subscription in order
to maintain their memberships : Either (a) A Permanent Fee (HK$3000
or US$450). No annual subscription shall be charged thereafter. or
(b) No Entrance Fee is required, but one needs to pay an annual subscription
(HK$300 or US$45 for the year 1999).
But such fees shall be liable to increase or reduction as may from
time to time be determined by the Board of Directors of this Association.
annual subscriptions shall become due and payable in advance on the
1st day of January in every year. (No matter in which calendar month
does a member enter the Association, his or her membership will cease
to exist by the 31st December of the same year, and so he or she will
have to pay for the next annual subscription in order to renew his
or her membership.) If any annual subscription shall be unpaid for
3 months after the same shall become due and payable, the Association
shall send to the defaulting member a letter requesting him or her
to pay the subscription within seven days after the receipt of the
letter. If the defaulting member fails to pay his or her subscription
within the stipulated period he or she shall be deemed to have withdrawn
from the Association.
applicant shall be admitted as an Ordinary Member of the Association
unless he or she is first approved by the Board of Directors and the
Board of Directors shall have full power and discretion as to the
admission of any applicant to membership in any class, and in case
of non-acceptance, the Board of Directors is not bound to assign any
rights and privileges of each and every member shall be personal and
shall not be transferable by his or her own act or by operation of
member may withdraw from the Association by giving one month's notice
in writing to the Secretary of the Association of his or her intention
so to do and upon the expiration of such notice, he or she shall cease
to be a member.