Club Charter
This Charter establishes the principles, objectives, and governance framework of MAXIMUS INVESTMENT BUSINESS CLUB, registered as a Non-Profit Incorporated Organisation (NPIO) in Dubai International Financial Centre (DIFC). The Club operates on the basis of non-profit principles, serving its members and the broader international community.
Name and Legal Form
The name of the organisation is MAXIMUS INVESTMENT BUSINESS CLUB, incorporated as a Non-Profit Incorporated Organisation (NPIO) under the DIFC Companies Law.
Objectives
- •To promote entrepreneurship, innovation, and international cooperation.
- •To provide a platform for business networking, education, and cultural exchange.
- •To support members with guidance, resources, and opportunities in a non-profit framework.
- •To foster partnerships between business, diplomacy, and social initiatives.
Membership
- •Membership is voluntary and open to individuals and legal entities that support the objectives of the Club.
- •Members pay annual contributions as defined by the Board.
- •Membership does not grant ownership or profit rights.
- •Members may participate in events, committees, and governance as outlined herein.
Governance
- •The supreme governing body is the General Assembly of Members.
- •The Club is managed by a Board of Directors elected by the General Assembly.
- •The Board oversees strategy, finances, and compliance with DIFC regulations.
- •Decisions are made by majority vote unless otherwise specified.
Use of Funds
- •All funds of the Club shall be used exclusively for achieving its statutory objectives.
- •No part of the income or assets shall be distributed among members.
- •The Club may allocate resources to events, research, education, and international cooperation.
Transparency and Reporting
- •The Club shall submit annual returns and reports to the DIFC Registrar of Companies.
- •Financial statements shall be prepared and made available to members annually.
Amendments
Amendments to this Charter require approval by a two-thirds majority of the General Assembly of Members.
Dissolution
In case of dissolution, all remaining assets shall be transferred to another non-profit organisation with similar objectives, registered in DIFC.