The funds of the Association shall be derived from the following sources:-
1. Subscription from Ordinary Members, Life Members and Direct Members.
2. Special contributions and Donations raised directly or through Branches.
3. Contribution received from the Branch, Organizing the IMA Tamilnadu State Branch Annual Medical Conference as per Rules.
4. Bequeaths received by legacies from persons who desire to benefit the Association.
5. Subscription from affiliated bodies as per Bye- Laws.
6. Interest on Deposits.
7. Income from IMA State Guest House (or) any other Building, property owned by IMA Tamilnadu State Branch.

1. The Assets movable and immovable shall vest in the “ INDIAN MEDICAL ASSOCIATION, TAMILNADU STATE BRANCH” and Investment of different Funds shall be in the name of “ INDIAN MEDICAL ASSOCIATION TAMILNADU STATE BRANCH, FUND”.
2. The funds of the Indian Medical Association TNSB shall be operated jointly by Honorary Treasurer and Hony. State Secretary or President.
3. The funds of the Association shall be administered in such a manner as directed by the State Council and General Body.
4. Surplus funds shall l be deposited in the manner decided by the Finance Standing Committee. It will the policy to have deposited in Nationalised Banks and Government Bonds.
5. The Hony. State Secretary in consultation with Hony. Treasurer shall create Fixed Deposits as and when funds accrue on the respective heads of account as dictating by the Finance Standing
Committee and get the same intimated to the State Council.

There shall be a Reserve fund for the Association. At least 25 percent of the surplus at the State office each year, shall be credited to this fund, in the following year. The RESERVE FUND shall only be drawn by a resolution in a meeting of the State Council, the notice of which shall have been duly circulated and in which 3/4th of the members present, vote in favour of the resolution for withdrawal.

Life Membership fee deposit will be invested as a separate Corpus fund and the interest received from such Deposit shall be available for administrative purposes for that year.

FIXED DEPOSITS Accounts may be created on the following Heads with the Surplus Funds available there to:-
1. Life Member State Share.
2. Life Member State Dues
3. General
4. State Benevolent Fund.
5. State Education Society Fund.
6. AMS fund.
7. CGP (College of General Practitioners) Fund
8. Legal Fund.
9. Entrance Fee Fund.
10. IMA Awards a/c
11. Other Funds as and when necessary

There are various heads under which the funds are received. They are kept in the name of Head of Account under which the money is received. The Expenditure is for the particular item shall be made from the respective heads only by drawing separate cheques in that Account. The funds in excess will be created as a SB under the same head. The interest derived will be deposited back into the same head. In other words the fund collected for one head will be operated under that account excess account will be created as Fixed Deposit under for same account and interest accrued will be credit into the same account. There will not be any mixing up of funds. Funds should never be pooled together and spend.

The State Council shall defray all ordinary Rents, Salaries and Wages, telephone Rent, Building Tax for purchase of Stationary articles, Printing Charges, Postage, Courier Charges and other charges as may be necessary for carrying out the administration of the association out of the Funds of the Association. It shall further provide for the issue of Medical Journal, News Bulletin and such other publication as may be authorized and to spend money in Conference, Prizes, Scholarships and for such other purpose as it may consider advisable in furtherance of the objects of Association. Hony. State Secretary being the Chief Executive Officer of the Association shall vest with power to spend up to Rs. 5,000/- at any one time for any purpose which he may consider urgent and necessary orshall consult the President and Finance Chairman or the Finance Committee as the case may be when the expenditure exit the limit. All such expenditure shall be subsequently brought to the notice of the State Council by the Chairman Finance Standing committee also explaining the reason for huge expenditure when involved.

T A & D A and other official expenses to State Office Bearers, members of Standing Committees, Members of Different wings of the Association, members of the State Council, and State Office staff for the Journeys performed by them while attending of the Association meetings or any other official work will be paid as recommended by Finance Committee and intimated to State Council subsequently. The local branches inviting state Office bearers for attending their functions shall pay one way fare in respect of the Journey made by the State Office Bearers to Visit the local branch.

(i) The Hony. State Secretary in consultation with the State President and with the Approval of the State council may acquire or purchase Movable and immovable properties as may be necessary for the
Association.
(ii) A building committee appointed by the State Council shall maintain, carry out the necessary repairs to the Buildings of the IMA and shall be and responsible for the upkeep of the Buildings.
(iii) A care-taker may be appointed for that purpose by the Hony. State secretary with the approval of the State President.
(iv) The Hony. State secretary will cause to maintain an Inventory of the Moveables, Furnitures, Furnishings, electrical Appliances and Office Equipments etc., and arrange for proper maintenance of the same.
(v) Moveable properties such as Furnitures, Furnishings, Electrical appliances, Office equipments etc., when found not useful due to efflux of time may be declared condemned and disposed off by the Hony. State Secretary. A list of condemned articles with the details of the purchase, prize, etc., may be placed before the State Council for approval.
(vi) Condemned Appliances, Equipments and Articles may be replaced by new ones by the hony.State Secretary with the approval of the State President and the State Council.

Auditors shall be appointed at the Annual Meetings of the State Council every year for Auditing the accounts of the Association and its journals and other Publications and the accounts of the Association’s Wings. The Auditor so appointed shall be Registered Chartered Accountant and the duties and Responsibilities of the Auditor shall be as follows:-
(i) Shall audit the Accounts of the Association at intermittent periods of the year and shall certify to the correctness of same.
(ii) Shall guide and give suggestions to the State Office for the proper keeping of accounts as may be necessary.
(ii) Internal auditor shall be nominated at the Annual Meeting of the State Council every year, from among the State Council members. Duties shall be as follows:-
(iii) Scrutinise the Accounts and give his comments and send his observations Every month to the Chairman Finance Committee.
(iv) Scrutinise Quarterly Accounts, Income and Expenditure Accounts.
(vi) Prepare Annual Accounts, Income and Expenditure Accounts and Balance Sheets.
(vii)Finalise the Budget Estimate in consultation with the Hony. State Secretary.

Legal Advisors shall be appointed at the annual Meeting of the State Council every year.

Feedback/Suggestions