CHAPTER I

Denomination, headquarters, purpose and scope of action

1^st ARTICLE

1. And it is constituted by unlimited time the Association, non-profit, adopting the name of “Young Entrepreneurs Association Portugal-China”, has its headquarters in the Rua Dr. Alberto Carvalho nº4, 5370 – 175 Valbom dos Figos, Mirandela, Portugal

2. The headquarters of the Association can be changed by deliberation of the Board.

3.  The Association can establish delegations and appoint representatives somewhere else, by deliberation of the Board.

2^nd ARTICLE

The Association aims to promote relations and cooperation between young entrepreneurs from Portugal and China and to promote the entrepreneurship aiming for better development of professional activities between the two countries, particularly in the cultural and training area, information, technical support and providing services in general, in the representation of interests and in the identification of the resources and instruments to achieve this objective.

3^rd ARTICLE

1. In order to realize its purpose, the Association will devote itself, particularly to:

a) Promoting cultural and business awareness projects, through events aiming at promoting products, services or regions;

b)  Encouraging the exchange of experiences and information;

c) Stimulating new projects and business relationships and promote the action of young entrepreneurs and national companies in China, and vice versa;

d) Creating a dialoguing force with the official, governmental, economic and cultural bodies of the two countries.

2. To achieve its objectives, the Association will promote meetings with its members, sectoral meetings, seminars, conferences, debates, exhibitions, business missions and all other activities that deem necessary or convenient to the Board.

 

CHAPTER II

Members

4^th ARTICLE

Members can be any singular person, between 18 and 45 years of age – except for Honorary Associates, who can be over 45 years of age – who are partners or shareholders of a company, as well as individual entrepreneurs, of any sector of economic activity, as well as liberal professionals, that prove this category by presenting a legitimate document, and those who reveal business capacity regardless of their profession.

5^th ARTICLE

The admission of Members will be approved by the Board, after written proposal presented by the interested party, in form to be provided by AJEPC on which is stated the commitment to respect the mission and purpose of the Association.

6^th ARTICLE

Members have the following duties:

a) Take part on the meetings of the General Assembly;

b) Participate and actively collaborate in all initiatives of the Association and on the pursuit of its objectives;

c) Exercise, free of charge, the positions for which they were elected to;

d) Accept the decisions of the Governing Bodies of the Association;

e) Act in order to ensure the efficiency and prestige of the Association;

and

f) Pay monthly the share that is fixed by the General Assembly.

7^th ARTICLE

Members have the following rights:

a) Take part in the meetings of the General Assembly;

b) Discuss and participate in all initiatives and acts of the Association;

c) Vote and be voted for the elections of the governing bodies of the Association;

d) Be informed of all activities developed by the Association;

e) Benefit from all benefits resulting from cooperation agreements between the Association and other entities;

and

f) Request the appointment of an Extraordinary General Assembly, under the terms of the article 17, nº 2 c).

8^th ARTICLE

Members will lose the quality of member when they:

a) Require their resignation in writing;

b) Practice actions contrary to the purpose of the Association or that are susceptible to seriously affect its prestige, and by determination of the General Assembly;

c) Stop paying their dues for a period over one year if, having been notified by the Board, they do not make the payment within the period set for them.

9^th ARTICLE

1. Members who, as a result of breach of their duties, including lack of collaboration with AJEPC, are subject to disciplinary proceedings may suffer the following penalties:

a) Registered reprimand;

b) Suspension up to 180 days;

c) Exclusion.

2. The penalties of registered reprimand and suspension of up to 30 days may be applied by the Board, which can be appealed to the General Assembly.

3. Penalties for suspension for more than 30 days and exclusion are an exclusive competence of the General Assembly.

 

CHAPTER III

From governing body

SECTION I

General provisions

10^th ARTICLE

The bodies of the Association are the General Assembly, the Board of Directors and the Fiscal Committee.

11^th ARTICLE

The governing bodies shall be elected at the General Assembly, by a joint list for the three bodies presented with fifteen days of advance, by direct and secret vote, and for a period of three years.

SECTION II

From the General Assembly

12^th ARTICLE

1.  The General Assembly is composed by all the members, who have the dues up to date and in full exercise of their rights.

13^th ARTICLE

General Assembly shall be led by the respective board, composed by the Chairman, the Vice-Chairman and the Secretary.

14^th ARTICLE

General Assembly shall be responsible for:

a) Elect and dismiss members of governing bodies;

b) Assess and vote the budget and action program for the following financial year, as well as the annual accounts report ;

c) Deliberate on the change of the Articles of Association and on the extinction, merge or division of the Association;

d) Approve the regulations that are necessary for the proper operation of the Association; and

e) Define the orientation of the Association, according to its statutory objectives.

15^th ARTICLE

1. The General Assembly will usually meet:

a) Until the 31^th March of each year, for discuss and vote the accounts report of the previous year, as well as the opinion of the Fiscal Committee;

b) Until the 15^th November of each year, for discuss and vote the budget and action program for the following year; and

c) At the end of each term, for the election of governing bodies.

2. The General Assembly extraordinarily gather, whenever:

a)  The Board of Directors or the Fiscal Committee so requires;

b) This is required by one third of the Association's Members.

3. In the case of the points of the preceding paragraph, the request addressed to the Chairman of the Board of the General Assembly shall contain the subject matter or matters to be dealt with.

16^th ARTICLE

1. The General Assembly shall be summoned at least fifteen days in advance, by call sent to all Members.

2. The notice shall indicate the day, time and place of the meeting, as well as the respective schedule.

3. From all the meetings of the General Assembly shall be drawn up the respective minute, prepared by the Secretary and signed by the members of the board.

17^th ARTICLE

1. The Assembly shall be validly constituted, in the first call, being present or represented most of the Members.

2. If this does not happen, the Assembly will meet in the same place, one hour later, with any number of Members.

3. Except for the provided in the following paragraphs, the deliberations will be taken by an absolute majority of the votes from the Members present, each Member can represent only one other Member, who has sent power of attorney to the Chairman of the Board.

4. The deliberations can only be valid if three quarters of the votes from the Members present were taken by a qualified majority, when they relate to the following matters:

a) Change of the Articles of Association;

b) Removal of members of the governing bodies before the end of the term;

c) Dissolution, division or merge of the Association.

18^th ARTICLE

1. The Chairman of the Board of the General Assembly shall be responsible for:

a) Call General Assembly, ordinary or extraordinary, in accordance with regulations;

b) Give possession to the governing bodies and sign their records;

c) Call to the effectiveness of the exercise the replaced elements for the places that are left available in the governing bodies; and

d) Initial the minute and sign the minutes of the sessions of the General Assembly.

SECTION III

From the Executive Board

19^th ARTICLE

The Board is composed for three or five members, one being the President, one the Vice-President one the Treasurer and the remaining Vowels.

20^th ARTICLE

The Executive Board shall:

1. Manage the entire activity of the Association, taking into account the guidelines of the General Assembly and the statutory purposes;

2. Comply with and enforce the resolutions of the General Assembly;

3. Prepare the activity schedule and budget annually;

4. Prepare the annual accounts report ;

5. Encourage the participation of the Members and make permanent information to them, providing the clarifications that are requested;

6. Properly book all revenues and costs;

7. Apply the penalties that fall within its competence and/or propose to the General Assembly’s application, in the statutory terms; and

8. Represent the Association in or out of court.

21^st ARTICLE

1. The Executive Board gathers at least once a month.

2. The Executive Board shall act by a majority of all its members, with the President having the casting vote.

22^nd ARTICLE

1. The Association is obliged by the signature of the President of the Executive Board.

2. In the acts of mere expedient, the signature of any member of the Board of Directors is enough.

SECTION IV

From the Fiscal Committee:

23^rd ARTICLE

The Fiscal Committee is composed by a President, a Vice-President and a Vowel.

24^th ARTICLE

The Fiscal Committee is responsible for:

a) Supervise the acts of the Board and examine the writing regularly;

b) Issue an opinion on the accounts report and the annual budget, as well as on other matters submitted to it;

c) Attend Executive Board meetings, when it deems convenient.

25^th ARTICLE

The Fiscal Committee must gather to assess and deliver an opinion on the accounts report and the annual budget and program, and whenever it deems appropriate to properly follow the financial record of the Association.

 

CHAPTER IV

Miscellaneous provisions

26^th ARTICLE

The Association's revenues are:

a) The product of admission to membership fee and dues;

b) Income from the Association's own assets and revenue stemming from social activities, as well as from services provided to its members and partners;

c) The liberalities accepted by the Association, namely grants, inheritances, donations, legacies or subsidies.

27^th ARTICLE

In case of a merge or dissolution of the Association, the General Assembly must decide the destination of the assets, in accordance with the legislation in force, and to elect the liquidation committee, if appropriate.

28^th ARTICLE

Omitted cases shall be resolved by the legal provisions applied to non-profit associations.