APPROVED BY
Lithuanian Real Estate Development Association
during its general meeting of members held on 01-07-2020
ARTICLES OF ASSOCIATION OF
Lithuanian Real Estate Development Association
- GENERAL PROVISIONS
- The Lithuanian Real Estate Development Association (hereinafter referred to as the “Association”) is a public legal person of limited civil liability, whose purpose is to coordinate activities of Members of the Association, to represent and defend their interests, as well as to meet the economic, business and organisational needs of its Members.
- The Association acts in compliance with the Constitution of the Republic of Lithuania, the Civil Code of the Republic of Lithuania, the Law on Associations of the Republic of Lithuania, other laws and legislation of the Republic of Lithuania, and these Articles of Association.
- The name of the Association is the Lithuanian Real Estate Development Association.
- The term of activities of the Association is unlimited.
- The financial year of the Association corresponds to the calendar year.
- The Association does not use a stamp in its activities.
- OBJECTIVES OF ACTIVITIES OF THE ASSOCIATION
2.1. Objectives of activities of the Association are as follows:
2.1.1. To promote the real estate development in Lithuania by means permitted by law in order to create favourable conditions for it;
2.1.2. To examine, analyse and solve the relevant issues of real estate development activities;
2.1.3. To represent the interests of Members of the Association in state and municipal institutions of Lithuania and foreign countries, as well as international, non-governmental and other organisations;
2.1.4. To protect the rights, freedoms and legitimate interests of Members of the Association;
2.1.5. To promote cooperation between the Members of the Association;
2.1.6. To provide consultations and methodological assistance to Members of the Association;
2.1.7. To promote public education and interest in sustainable real estate development;
2.1.8. To seek other goals meeting the needs of Members of the Association, which would be consistent with the applicable legislation.
2.2. During the implementation of its objectives, the Association performs the following activities:
- Letting of own property;
- Hardware consultancy;
- Data processing;
- Database activities;
- Research and experimental development on natural sciences and engineering;
- Market research and public opinion polling;
- Business and management consultancy activities;
- Architectural and engineering activities and related technical consultancy;
- Technical testing and analysis;
- Other business activities n.e.c.;
- Adult and other education n.e.c.;
- Activities of business and employers’ organisations.
2.3. The Association may also engage in other economic and commercial activities not prohibited by laws, which are not contrary to these Articles of Association and are necessary for the achievement of objectives of the Association.
- RIGHTS AND OBLIGATIONS OF THE ASSOCIATION
3.1. The Association has the rights and obligations provided for in the legislation of the Republic of Lithuania.
3.2. The Association may have and acquire only the civil rights and obligations, which are not contrary to the objectives of its activities established in the Civil Code of the Republic of Lithuania, the Law on Associations of the Republic of Lithuania, other legislation and these Articles of Association.
3.3. Agreements concluded by the Association and other documents, signed by electronic or mobile signature, shall be considered equivalent and having the same legal effect as the agreements or other documents, signed physically, if it is possible to properly identify the signatory.
- MEMBERS OF THE ASSOCIATION, THEIR RIGHTS AND OBLIGATIONS
4.1. Members of the Association may be legal persons engaged or intending to engage in real estate development activities, as well as other legal persons operating in the real estate sector and cooperating with real estate developers.
4.2. All and any state and/or municipal enterprises, institutions or organisations, performing at least part of their activities in the field of real estate, may also become Members of the Association.
4.3. In addition to the persons referred to in the points 4.1 and 4.2 of the Articles of Association, all educational, cultural and scientific institutions (such as universities, colleges, scientific research institutes, etc.), carrying out education or operating in the field of real estate, may also become Members of the Association.
4.4. Member of the Association has the following rights:
4.4.1. To attend and vote at the General Meeting of Members of the Association;
4.4.2. To use services provided by the Association (for the fee set by the Association, if such fee for relevant services is set);
4.4.3. To familiarise with the documents of the Association and obtain all the information available to the Association about its activities;
4.4.4. To withdraw from the Association at any time by settling any outstanding fees in advance. In such a case, initial contributions of a member and membership fees or funds and/or assets transferred to the ownership of Association otherwise shall not be refunded;
4.4.5. To temporary suspend his/her membership in the Association for a period of up to one year by setting any outstanding fees in advance; In this case, initial contributions of a member and membership fees or funds and/or assets transferred to the ownership of the Association otherwise shall not be refunded. If Member of the Association decides to renew his/her membership in the Association, he/she must inform the Board about it in writing and the Board shall make a decision on renewal of the applicant’s membership in the Association at its next meeting. Such Member, who renewed his/her membership not later than within 12 months after its suspension, shall not pay initial contribution repeatedly.
4.4.6. To submit proposals regarding the activities of the Association, to receive and disseminate information about the Association;
4.4.7. To make public announcements on behalf of the Association on various matters related to the activities of the Association in ways permitted by law and by coordinating everything with the President in advance, to express opinion on law-making matters, to submit proposals and inquiries to state and/or municipal institutions, to speak about the draft legislations, improvement of administrative practice, preparation and application of territorial planning documents, and to represent the Association in any other way in order to implement the objectives of the Association, set out in these Articles of Association.
4.4.7. Other rights, set out in legislation and these Articles of Association.
4.5. Members of the Association must comply with these Articles of Association and pay the membership fee according to the established procedure and on time.
4.6. The amount of initial contributions of a member, membership fees and payment procedure are determined at the General Meeting.
4.7. New members of the Association shall be accepted by decision of the Board. A legal person wishing to become a Member of the Association must submit a written application to the Board, requesting to become a Member of the Association, which shall, inter alia, include its identification data and evidence about the performance of the activities, specified in points 4.1 and 4.2 of these Articles of Association, or its intention to perform such activities. The Board shall have the right to deny a submitted application requesting become a Member of the Association.
4.8. A member of the Association wishing to withdraw from the Association or to temporarily suspend its membership must submit a written application to the Board, which shall make a decision regarding the withdrawal of such Member from the Association or suspension of his/her membership in the Association.
4.9. Members of the Association, who fail to comply with these Articles of Association, fail to pay membership fees or do not meet the criteria, set for Members of the Association, may be expelled from the Association by the decision of the Board.
- MANAGEMENT
5.1. Association has the following bodies: General Meeting of Members, the Board, the President and Director.
5.2. The General Meeting of Members is the supreme body of the Association, which shall:
5.2.1. Amend the Articles of Association;
5.2.2. Elect and dismiss Members of the Board;
5.2.3. Elect and dismiss President;
5.2.4. Determine the amount of initial contributions of Members of the Association and the amount of their membership fees, as well as the payment procedure;
5.2.5. Approve the budget of the Association and programme for the planned activities;
5.2.6. Approve a set of annual financial statements or the annual report of the Association within 4 months from the end of the financial year;
5.2.7. Make a decision regarding restructuring or termination of the Association (in case of its reorganisation or liquidation);
5.2.8. Hear reports of the Board out and evaluate them;
5.2.9. Make a decision on the audit of a set of annual financial statements of the Association and select an auditor or an audit firm;
5.2.10. Solve other issues concerning the activities of the Association, if such task was not assigned to the competence of other bodies of the Association in accordance with the Law on Associations of the Republic of Lithuania and these Articles of Association and if it is not, in essence, the functions of the governing bodies.
5.3. The Board shall convene an ordinary General Meeting of Members once a year not later than within 4 (four) months from the end of the financial year of the Association. An extraordinary General Meeting of Members must be convened upon the decision of the Board or at the written request of at least 1/5 of Members of the Association.
5.4. The date of the General Meeting of Members shall be announced at the latest by 30 (thirty) calendar days prior to the meeting in the manner specified in point 8.2 of these Articles of Association, or each Member of the Association shall be notified by e-mail or otherwise in writing. A notification of the planned General Meeting of Members shall include a preliminary agenda of the meeting.
5.5. During the meeting, decisions may be taken when the meeting is attended by more than 1/2 of Members of the Association. A decision (resolution) of the General Meeting of Members shall be deemed adopted when members, who participated in the voting, cast more “for” votes than “against” votes (the persons who abstained from voting shall not be counted, i.e., they shall be regarded as persons who have not participated in voting), with the exception of:
5.5.1. Resolutions referred to in points 5.2.1 and 5.2.7 shall be adopted when at least 2/3 Members of the Association, participating in the meeting, vote for them;
5.5.2. When Members of the Board are elected, each member participating in the Meeting shall have as many votes as the members of the Board are elected. The participant shall distribute the votes at his/her own discretion, but no more than one vote may be cast for one candidate. Candidates with the most votes shall be regarded as elected. If there are more candidates, who have received an equal number of votes, than vacancies in the Board, a repeated voting should be held where each member, participating in the Meeting, should vote only for one of the candidates, who received the equal number of votes.
5.6. If the quorum has not been met during the General Meeting of Members, a repeated meeting shall be convened not later than after one month, which shall have the right to adopt resolutions on the agenda matters of the meeting which was not held, irrespective of the number of Members of the Association attended the repeated meeting.
5.7. Between the General Meetings of Members, the Association shall be led by the Board of 10 (ten) Members. The Board shall be led by Chairman of the Board.
5.8. The Board shall:
5.8.1. Plan, consider and approve the directions of activities of the Association;
5.8.2. Approve the estimates of income and expenditure of the Association;
5.8.3. Elect members from its available members, who would be responsible for separate areas of activities of the Association, including but not limited to the coordination of activities performed at Kaunas division (as it is defined in point 5.17);
5.8.4. Appoint and dismiss Director of the Association and set his remuneration;
5.8.5. Make decisions regarding the establishment of branches and representative offices and termination of their activities, as well as approve their provisions, appoint heads of the branches and representative offices;
5.8.6. Be responsible for preparation and submission of a set of annual financial statements and activity report together with the auditor’s report (in the cases when financial statements have been audited) or the preparation and submission of the annual report to the manager of the Register of Legal Entities and the General Meeting of Members;
5.8.7. Approve the procedure for submitting documents and other information about the activities of the Association to the Members of the Association;
5.8.8. Make decisions regarding the address of the registered office of the Association;
5.8.9. Make a decision regarding the establishment of other legal persons or on becoming a member of other legal persons.
5.8.10. Solve other issues concerning the activities of the Association, if it is not contrary to the Law on Associations of the Republic of Lithuania, other legislations of the Republic of Lithuania and these Articles of Association.
5.9. Each Member of the Board has the right to make public announcements on behalf of the Association on various matters related to the activities of the Association in ways permitted by law, to express opinion on law-making matters, to contribute to proposals, to submit proposals and inquiries to state and/or municipal institutions, to speak about the drafts legislations, improvement of administrative practice, preparation and application of territorial planning documents, and to represent the Association in any other way in order to implementing the objectives of the Association, set out in these Articles of Association;
5.9. The Members of the Board shall be elected by the General Meeting for the period of 4 (four) years.
5.10. The Board shall meet at least once every three months. At the request of the Director, President, Chairman of the Board or at least 1/5 of Members of the Board, an extraordinary Meeting of the Board must be convened.
5.11. Chairman of the Board shall chair the Meetings of the Board, lead the Board and organise its activities. The Board shall elect Chairman of the Board from its available members. The Board may periodically (at a periodicity set by the Board) rotate (i.e., replace) Chairman of the Board.
5.12. Chairman of the Board may appoint other Members of the Board to chair a Meeting of the Board. Chairman of the Board or other Members of the Board may not chair the Meeting of the Board if matters, directly related to their person, are being solved and they cannot cast their votes regarding such matters.
5.13. The Board may take decisions when at least half of Members of the Board attend its meeting. Decisions of the Board shall be made by a simple majority of votes. In case of equal distribution of votes, Chairman of the Board shall have the casting vote regarding the decision.
5.14. Members of the Board shall perform their duties free of charge. The Board shall be accountable for its work to the General Meeting of Members.
5.15. President shall be elected by the General Meeting of Members for a period of 4 (four) years. President shall be revoked by the General Meeting of Members.
5.16. An employment contract may be concluded with the President. The Board shall determine President’s remuneration and other terms and conditions of the President’s employment contract, approve job description, encourage him/her and impose penalties. Chairman of the Board shall conclude (sign) and terminate (sign the documents terminating an employment contract) an employment contract with the President, if the General Meeting of Members does not authorise other Member of the Board to do it.
5.17. The President shall:
5.17.1. Represent the Association and the interests of its members in institutions, authorities and organisations of Lithuania and foreign countries, international organisations and other legal persons where the Association acts as a member, stakeholder or participates in all and any events by any other rights, as well as in relations with Members of the Association, its partners and other third parties;
5.17.2. Appoint the Chairman of the Board, Members of the Board, Director or other persons authorised by the President to represent the Association in order to take actions provided for in point 5.17.1;
5.17.3. Chair the General Meetings of Members;
5.17.4. Perform other functions, which are assigned to the President by the Articles of Association or decisions made by the General Meeting of Members and the Board.
5.18. The Meeting of the Board Members may delegate other persons elected during the General Meeting of Members to chair the General Meeting of Members.
5.19. The daily activities of the Association shall be organised and performed by a Director appointed by the Board.
5.20. Director shall:
5.20.1. Lead the administration of the Association;
5.20.2. Make transactions on behalf of the Association and represent the Association in other institutions;
5.20.3. Employ and dismiss employees of the administration, determine their job descriptions and salaries;
5.20.4. Conclude agreements on behalf of the association with third parties;
5.20.5. Issue procurations;
5.20.6. Execute resolutions adopted by the Board at the General Meeting of Members;
5.20.7. Be responsible for the management of funds and revenues of the Association;
5.20.8. Be responsible for the provision of data, indicated in Article 2.66 of the Civil Code of the Republic of Lithuania, to the Register of Legal Entities;
5.20.9. Be accountable to the Board;
5.20.10. Be responsible for the organisation of accounting in accordance with the Law on Accounting of the Republic of Lithuania;
5.20.11. Be responsible for the organisation of volunteer activities in accordance with the procedure, set out in Law on Volunteering of the Republic of Lithuania;
5.20.12. Solve other current issues regarding the activities of the Association, if such task was not assigned to the competence of other bodies.
5.21. A person who is the President may also become Director of the Association, i.e., the same person may act as President and Director of the Association by performing both functions of the President and Director.
5.22. The Association shall form its structural division – Kaunas division of the Lithuanian Real Estate Development Association (hereinafter referred to as “Kaunas division”).
5.23. Kaunas division acts as a structural division of the Association, which organises and services the activities of the Association and implements the Association’s objectives in Kaunas region.
5.24. During the performance of its activities, Kaunas division follows these Articles of Association, decisions made by the bodies of the Association and other applicable legislation.
5.25. Kaunas division operates independently within the limits of the competence granted to Kaunas division and part of the total Association’s budget assigned to Kaunas Division upon the decision made by the Board of the Association.
5.26. The Board of the Association appoints 2 (two) members from the Board of the Association for the planning, organisation and coordination of the activities of Kaunas division.
- FORMS OF ACTIVITIES PERFORMED BY THE BODIES OF THE ASSOCIATION
6.1. Bodies of the Association shall operate:
6.1.1. In the usual manner when members of the bodies and/or other participants participate physically;
6.1.2. Remotely when members of the bodies and/or other participants cast their votes and participate by electronic means of communication.
6.2. The decision regarding the remote operation, including the organisation of General Meeting of Members and Meetings of the Board, shall be made by Director. At least 1/2 of the Members of the Association’s body, whose meeting or assembly is organised, and Chairman of the Board in case of the Board, shall have the right to lay Director under obligation to amend or revoke the decision made by Director regarding the organisation of the remote meeting or assembly of the respective body. At least 1/5 of the Members of the Association’s body, whose meeting or assembly is organised, shall have the right of initiative to organise the meeting or assembly remotely. Decisions regarding the organisation of the remote meeting or assembly of the Association shall be made, if there is a matter of urgency and/or in other cases where members of the relevant body cannot meet physically.
6.3. Voting by electronic means of communication shall be considered equivalent to voting in writing, if the security of the information transmitted is ensured and the voter can be identified.
6.4. Director or Chairman of the Board, or any other duly authorised person (hereinafter referred to as the “Organiser of the Meeting”) shall notify members of the corresponding body about the organisation of the remote meeting or assembly by sending an information notice no later than 10 (ten) calendar days before the meeting or assembly (hereinafter referred to as the “Meeting”).
6.5. The information notice referred to in point 6.4 above shall indicate that:
6.5.1. The Meeting will be held remotely and participants of the Meeting will participate and vote in it by electronic means of communication;
6.5.2. In accordance with the procedure and within the time limits set out in point 6.6 of these Articles of Association, participants of the Meeting have to provide their e-mail address, which will be used to exchange information expeditiously;
6.5.3. Participants of the Meeting must take care of suitable and secure equipment to attend the Meeting remotely (computer equipment or phone, electronic signature certificate, Internet access, etc.) or notify Organiser of the Meeting about the need for such equipment in advance.
6.6. A participant of the Meeting shall provide his/her e-mail address for communication no later than 3 (three) calendar days before the start of the Meeting, unless the participant of the Meeting has previously provided his/her e-mail address for communication and it has not changed.
6.7. The Organiser of the Meeting shall prepare a virtual video chat room before the start of the Meeting, using an application providing such functionality, or take care of other secure technical means and send login data, links and all other relevant information by e-mails provided by the participants of the Meeting no later than 1 (one) working day prior to the start of the Meeting.
6.8. If Organiser of the Meeting has any doubts regarding the identity of the participant of the Meeting, the Organiser of the Meeting may use additional means of identification, e.g., to ask the participant to sign the registration list of participants by an electronic signature or to show a document confirming his/her identity.
6.9. Participants of a Meeting shall be registered in the registration list of the participants. If the authorised person is attending on behalf of the participant, the original document of such Power of Attorney or its copy, approved in accordance with the procedure, set out in legislation, must be submitted to the Association by registered mail prior to the Meeting or to the Organiser of the Meeting by e-mail, if such Power of Attorney was signed by an electronic signature, allowing to identify the signatory.
6.10. If a Meeting is organised remotely, voting on the agenda matters shall be open. In the case of secret voting, the Organiser of the Meeting shall use a special application for the organisation of a secret voting, which shall indicate the subject-matter of agenda and possible voting options. The voting results shall be recorded in the Minutes of the Meeting.
6.11. A video and/or audio recording of a Meeting must be made by means of the application program or any other software used for the Meeting. Participants of a Meeting must (where technically possible) connect by video camera in order to identify the participant visually.
6.12. If, for any reason, a participant of the Meeting would be unwilling or unable to participate or vote by electronic means of communication during the Meeting, in order to ensure his possibilities to vote during the Meeting, the Organiser of the Meeting must provide the participant with an opportunity to vote in advance in writing. In this case, no later than the day of the Meeting, the Meeting participant by registered mail before the Meeting or the organiser of the Meeting must submit a ballot paper to the organiser of the voting by electronic signature allowing to identify the signatory.
- BRANCHES AND REPRESENTATIVE OFFICES OF THE ASSOCIATION
7.1. The Association may establish branches and representative offices in accordance with the procedure, set out in the laws of the Republic of Lithuania. The number of branches and representative offices of the Association is unlimited.
7.2. Decisions on the establishment of branches and representative offices of the Association and termination of their activities shall be made by the Board.
7.3. A branch or representative office shall act in accordance with the provisions of a branch or representative office approved by the Board.
7.4. Heads of branches and representative offices of the Association shall be appointed and removed from office by the Board.
- PROCEDURE FOR THE PUBLICATION OF NOTICES AND ANNOUNCEMENTS, ACCORDING TO WHICH PUBLIC INFORMATION ANNOUNCED
8.1. Resolutions adopted during the General Meeting of Members and other resolutions, decisions or notices, which must be introduced to Members of the Association or other persons, shall be sent to them not later than within 15 (fifteen) days after the adoption of the corresponding resolution or decision. Director shall be responsible for timely dispatch of resolutions, decisions or notices.
8.2. All notices and announcements of the Association, which must be made publicly available, as well as other information, which must be made publicly available, shall be published in the electronic publication issued by the manager of the Register of Legal Entities and used for the publication of public notices.
- ASSETS AND SOURCES OF INCOME OF THE ASSOCIATION
9.1. The Association may own the assets required for the activities, specified in its Articles of Association, which may be acquired from the funds, indicated in Article 8.2 of these Articles of Association.
9.2. The Association has the following sources of income:
9.2.1. Initial contributions of members, annual membership fees and target contributions;
9.2.2. Target funds of the State and municipalities;
9.2.3. Funds and assets transferred by natural and legal persons free of charge (including but not limited to funds transferred by sponsors);
9.2.4. Funds and assets transferred by foreign natural and legal persons and international organisations;
9.2.5. Legacies belonging to the Association under a will;
9.2.6. Income received for the sold property and provided services;
9.2.7. Interest paid by credit institutions for the funds deposited therein;
9.2.8. Funds received as support;
9.2.9. Other legally obtained funds.
9.3. The funds and income of the Association shall be used for the implementation of the objectives, specified in the Articles of Association, acquisition and use of fixed assets and equipment, maintenance of hired employees of the Association and organisation of their activities.
- PROCEDURE FOR THE USE OF FUNDS AND INCOME, AS WELL AS CONTROL OF THE ASSOCIATION’S ACTIVITIES
10.1. Control of activities of the Association shall be exercised by the General Meeting of Members, which shall approve the report on the activities of the Association. Between the General Meetings of Members, the Board shall control the activities of the Association.
10.2. An Auditor shall control the use of funds and revenue of the Association, and:
10.2.1. Check the financial activities, documentation and conclusions of the Association, and submit a report to the General Meeting;
10.2.2. Carry out financial accounting checks at the Association by order of the General Meeting of Members or the Board.
10.3. Director must submit the required financial accounting documents to the Auditor.
10.4. Members of the Board and Director or employees of the administration cannot perform Auditor’s functions.
- REORGANISATION AND LIQUIDATION OF THE ASSOCIATION
11.1. The Association shall be reorganised and liquidated in accordance with the procedure, set out in the Law on Associations of the Republic of Lithuania, the Civil Code of the Republic of Lithuania and other applicable legislation.
- PROCEDURE FOR CHANGING THE REGISTERED OFFICE OF THE ASSOCIATION
12.1. The registered office of the Association shall be changed by a decision of the Board.
- PROCEDURE FOR AMENDING THE ARTICLES OF ASSOCIATION
13.1. The Articles of Association may be amended by a resolution of the General Meeting of Members.
Articles of Association were signed on 1 July 2020
| APPROVED BY Lithuanian Real Estate Development Association during the General Meeting of Members held on 23-04-2015 PROCEDURE FOR PAYMENT OF THE INITIAL CONTRIBUTION AND MEMBERSHIP FEE OF LITHUANIAN REAL ESTATE DEVELOPMENT ASSOCIATION |
- During the General Meeting of Members, held on 23-04-2015, the following amounts of initial contributions and membership fees were approved, which will take effect from 01-05-2015:
1.1. The initial contribution applicable to the members of the Lithuanian Real Estate Development Association (hereinafter referred to as the “Association”), referred to in point 4.1 of the Articles of Association (hereinafter referred to as “the Articles of Association”) shall be EUR 580;
1.2. The membership fee applicable to the members of the Association, referred to in points 4.1 and 4.2 of the Articles of Association, shall be EUR 200 per month, i.e., EUR 2400 per year;
1.3. Members of the Association, referred to in point 4.3 of the Articles of Association, shall be exempt from payment of the initial contribution and membership fee of the Association.
- A legal person wishing to become a member of the Lithuanian Real Estate Development Association shall:
2.1. Submit a request to the President of the Association;
2.2. The application shall be registered by Administration of the Association;
2.3. The request of the applicant shall be discussed during the next Meeting of the Board of the Association.
- New members of the Association shall be accepted by the decision of the Board of the Association in accordance with point 4.7 of the Articles of Association.
3.1. Director of the Association shall notify new Members of the Association about the decision made during the meeting within 5 working days;
3.2. A newly accepted member and Director of the Association shall sign an agreement regarding membership at the Association within 10 working days after the Meeting of the Board;
3.3. Having signed the agreement, Director of the Association shall provide an invoice regarding the initial contribution and membership fee for the current quarter of the year to the newly accepted member within 3 working days (except for the cases provided for in point 1.5 of this procedure).
3.4. A newly accepted member shall pay the initial contribution and membership fee of the Association for the current quarter of the year within 30 days from the date of issue of the invoice.
- The membership fee shall be paid as follows:
4.1. The membership fee shall be paid once every quarter.
4.2. Director of the Association shall submit invoices, which amount is equal to 1/4 of the annual membership fee of the Association, to the Members of the Association until the following date of each current year:
4.2.1. 10 January for the first quarter of the current year;
4.2.2. 10 April for the second quarter of the current year;
4.2.3. 10 July for the third quarter of the current year;
4.2.4. 10 October for the fourth quarter of the current year.
4.3. Each current year, a Member of the Association must pay for the invoices, referred to in point 4.2, until the following date of the respective current year:
4.3.1. 31 January – invoice, indicated in point 4.2.1 of this procedure;
4.3.2. 30 April – invoice, indicated in point 4.2.2 of this procedure;
4.3.3. 31 July – invoice, indicated in point 4.2.3 of this procedure;
4.3.4. 31 October – invoice, indicated in point 4.2.4 of this procedure.
- A Member of the Association and a newly admitted member of the Association who fails to pay the initial contribution and the membership fee within the period of time, indicated in points 3 and 4 (except for the cases provided for in point 1.5 of this procedure):
5.1. Cannot participate in the activities of the Association;
5.2. Upon the recommendation of Director of the Association, the issue concerning his/her membership in the Association shall be considered at the next Meeting of the Board.
5.3. If a Member of the Association and a newly accepted member fail to pay the initial contribution or the membership fee within a period of 6 months, such member shall be removed from the Association in accordance with the procedure, set out in point 7 of this procedure.
- A Member of the Association wishing to withdraw from the Association or to temporarily suspend his/her membership in it shall:
6.1. Submit a request to the President of the Association;
6.2. The application shall be registered in the Administration of the Association.
6.3. The Board of the Association shall make a decision regarding his/her membership at its next Meeting. A Member withdrawing from the Association or temporarily suspending his/her membership in it shall be informed about the adopted decision on his/her membership at the Association within 5 working days after the adoption of such decision. In this case, the initial contributions and membership fees or funds and/or assets otherwise transferred to the Association shall not be returned.
6.4. In the event of a dispute, a Members withdrawing from the Association or temporarily suspending his/her membership in it shall submit an application to the President of the Association, which shall be discussed at the next Meeting of the Board.
- Members of the Association who fail to comply with point 4.9 of the Articles of Association may be expelled from the Association:
7.1. Administration of the Association shall inform a Member regarding his/her expulsion from the Association within 5 working days.
7.2. In this case, the initial contributions and membership fees or funds and/or assets otherwise transferred to the Association shall not be returned.
7.3. In the event of a dispute, a Member of the Association, who has been withdrawn from the Association, shall submit an application to the President of the Association, which shall be discussed at the next Meeting of the Board.
- A list of the Members of the Association shall be public and published on the website.
- Director of the Association shall be responsible for the accounting of Members of the Association, provision of information, timely payment of taxes and issue of invoices.
Please contact us regarding membership of the Association by phone: (+370 5) 262 0350 or e-mail: info@lntpa.lt