|
|
|
|
|
|
FC LEAGUE ISSUES “CODE OF RULES” FOR FORMATION OF FOOTBALL CLUBS
|
|
Name
The club will be called ________________________ (the "Club"). The sponsor/promoter
will suggest 3 names for the club and name the club after the approval of the FC
League
Legal Structure
The club will be set up in a corporate form i.e either as a Private Limited or Limited
company
Objects
The objects of the Club shall be to provide facilities and promote Football/Soccer
and the Football Club League. It will arrange matches and social activities for
its members and community
Status of Rules
These rules (the "Club Rules") form a binding agreement between each member of the
Club
Rules and Regulations
- The business and affairs of the Club are carried out in accordance with the Rules
and Regulations of The FC League ("The FC League") and Competitions in which the
Club participates
- No alteration to the Club Rules shall be effective without prior written approval
of the FC League.
Club Membership
- The members of the Club from time to time shall be those persons listed in the
register of members (the "Membership Register") which shall be maintained by the
Club Secretary
- Any person who wishes to be a member must apply on the Membership Application
Form and deliver it to the Club. Membership is at the discretion of the Club Committee
- The FC League will have access to the Membership Register
Annual Membership Fee
- An annual fee payable by each member shall be determined by the Board
- The Board can collect further subscriptions from the members to fulfil the objects
of the Club
Resignation and Expulsion
- A member whose annual membership fee or further subscription is more than two
(2) months in arrears shall be deemed to have resigned
- The Board can expel a member when, in its opinion, it would not be in the interests
of the Club for them to remain a member
Annual and Extraordinary General Meetings
All meetings as required by the ROC will be held by the company and get the following
from the management (apart from standard compliance requirements):
- Report of the activities of the Club over the previous year
- Club’s finances over the previous year;
Club Teams
At its first meeting following each AGM the Board shall appoint a Selection Committee
that will be responsible for each of the Club’s football teams. The appointed members
shall be responsible for selecting and managing the team
Club Finances
- A bank account shall be opened and maintained in the name of the Club (the "Club
Account")
- The Club Property shall be applied only in furtherance of the objects of the Club.
No distribution of profits or proceeds from the sale of Club Property to members
is allowed
- The Club may can sell and supply food, drink and related sports clothing and equipment;
accept sponsors and advertiser
The Club will submit their audited financial statement to the FC League within 3
months from the year ending
Dissolution
- A resolution to dissolve the Club shall only be proposed at a General Meeting
and must have the vote of 3/4 shareholders
Uniforms
- All uniforms,logos, team sponsors etc will be approved by the FC League
Others
A club can be sold (with the FC League’s prior approval) in the following manner
after the sponsors/promoters have owned in for a minimum of 3 years in the following
manner:
a) Selling a stake in the holding company
b) Selling the entire holding company
c) Selling the club brand to another company
|
|
|
|