1. GENERAL PROVISIONS

1.1. The Charter of the Non-Commercial Partnership "Association of CIS Tour Operators (Non-Commercial Organization)" was adopted in accordance with the Constitution of the Republic of Armenia, the Civil Code of the Republic of Armenia, the Federal Law of the Republic of Armenia "On Non-Commercial Organizations" No. 7-FZ dated January 12, 1996, and other regulatory legal acts of the Republic Armenia.

1.2. This Charter defines the foundations of the organization and activities of the Non-Commercial Partnership "Association of CIS Tour Operators" (hereinafter referred to as the Organization), which is a membership-based non-commercial organization established by legal entities to assist its members in carrying out activities aimed at achieving the goals listed below and is the main constituent organization document.

1.3. The organization was created without limitation of the period of activity.

1.4. The organization is a legal entity: it can acquire and exercise property and personal non-property rights on its own behalf, bear obligations, be a plaintiff and defendant in court.

1.5. The organization has separate property, has fixed and working capital, an independent balance sheet, current and other accounts, including foreign currency in banking institutions; has stamps and letterheads with its name.

1.6. Full name of the Organization in Russian: Non-commercial partnership "Association of CIS Tour Operators".

1.7. Abbreviated name of the Organization: NP "Association of CIS Tour Operators".

1.8. Location of the Organization: 117246, Yerevan, Kajaznuni street, 39

2. SUBJECT OF ACTIVITY, GOALS AND TASKS OF THE ORGANIZATION

2.1. The subject of the Organization's activity is the association of the largest tour operators of the CIS countries into a professional organization to improve the activities of the industry

2.2. The main objectives of the Organization are:

• development in the CIS countries of a democratic culture of social and political communication and interaction, the formation and improvement of the system of tourism activities;
• ensuring the constitutional right of citizens to receive complete and truthful information about travel companies and operators;
• promotion of the development of organizational and personnel infrastructure in the field of tourism;
• creation of favorable conditions for the creation and operation of specialized structures (consulting agencies) engaged in the field of tourism.

Realizing its main goals, the Organization carries out the following activities:

• Activities of other public organizations not included in other groups
• Scientific research and development in the field of tourism

2.3. The organization has the right to carry out other activities and perform other functions that contribute to the achievement of its goals, in accordance with its Charter and not contrary to the laws of the CIS countries.

2.4. In order to achieve the tasks and goals set, the Organization has the right to carry out entrepreneurial activities that are not prohibited by law and correspond to the goals for which it was created.

2.5. To carry out entrepreneurial activities, the Organization has the right to create business companies or participate in them.

2.6. The organization is an organization that does not have profit making as the main goal of its activities, and does not distribute the profit received among its members.

3. RIGHTS AND OBLIGATIONS OF THE ORGANIZATION

3.1. To achieve its goals and objectives, the Organization has the right to:

• To freely disseminate information about their activities and events held by the Organization.
• Participate in the development of decisions of state authorities and management on tourism issues in the CIS countries
• Represent and protect the rights and legitimate interests of its members in state bodies and public organizations in accordance with the available powers.
• To carry out an examination of curricula on tourism in the CIS countries for their compliance with international standards in this field.
• Take part in the creation of international public organizations, maintain direct international contacts and connections, and establish student organizations.
• Carry out research, methodological, educational, informational, representative and promotional activities in the CIS countries and abroad.
• In the interests of achieving the goals provided for by this Charter, the Organization may create other commercial and non-commercial organizations and enter into associations and unions.
• Invite consultants from both the CIS countries and foreign organizations to resolve issues related to the activities of the Organization.
• Join various organizations, including international ones, and open their representative offices, both in the CIS and abroad, with their subsequent registration in the prescribed manner.
• Carry out publishing, foreign economic, educational activities in accordance with the current legislation of the Republic of Armenia
• To hold exhibitions, auctions, the proceeds from which are directed to the statutory activities.

Enter into contractual relations with legal and financial natural persons both on the territory of the Republic of Armenia and abroad.
Obtain long-term and short-term loans from banks and other credit organizations in accordance with the established procedure.
Acquire and assign property and non-property rights.
Acquire, alienate, take and lease, both on the territory of the Republic of Armenia and abroad, any kind of movable and immovable property.
Involve foreign specialists on a contractual basis in the areas of its activities, as well as receive foreign representatives and delegations.
Send your employees on overseas business trips.
Perform other actions necessary to ensure the activities of the Organization that do not contradict the current legislation of the Republic of Armenia.

3.2. Services, information, publications of the Organization are provided to its members as a matter of priority on preferential terms or free of charge, with the exception of services provided by outsourced organizations that are not members of the Organization. Such external services, information, publications are provided to members of the Organization and specialists in public relations at contractual prices, taking into account the need to ensure the self-sufficiency of the Organization's activities.
3.3. In carrying out its activities, the Organization is obliged:
Carry out its activities and exercise its rights in strict accordance with the current legislation and this Charter.
Register in the prescribed manner the changes made to the Charter of the Organization, as well as its new edition.
Notify members of the Organization about a change in their location.

4. RIGHTS AND OBLIGATIONS OF MEMBERS OF THE ORGANIZATION

Membership in the organization:
Membership in the Organization is fixed.

- Collective members of the Organization are professional tourism associations established in the federal districts and representing the Association in this territory, if the membership of the association includes at least 5 organizations or 15 individual members from at least three subjects of the federation that are part of composition of this federal district.

- Corporate members of the Organization can be legal entities, commercial and non-commercial organizations, state and international organizations, as well as associations of citizens whose activities are fully or partially focused on the formation and development of the tourism sector.

4.1. The number of members of the Organization is not limited. Members of the Organization are equal in respect of their rights and obligations to the Organization, except for the cases provided for in clauses 6.2.9. and 6.2.13. of this Statute.

4.2. Members of the Organization are issued a certificate of the established form, confirming their membership in the Organization.

4.3. The procedure for admission to membership in the Organization:

The organization is open to new members. Members of the Organization become new members who fulfill the provisions of this Charter and meet the requirements for admission of new members.

• Members of the Organization after joining the Organization retain their economic and legal independence.
• Admission to the membership of the Organization is carried out on a non-commercial basis, by voting of current members. The voting criteria is an assessment of the contribution and the most significant achievements of the candidate in the field of tourism.
• In order to be accepted as an active member of the Organization, a candidate must submit a full presentation of his/her activities to the jury members for consideration.
• The organization accepts only members who have made a significant contribution to the development of tourism in the CIS countries and have been active in the field for at least 3 years.
• Membership in the Organization comes from the moment the relevant decision is made by the Executive Council.
  The rights of a member of the Organization cannot be transferred to third parties.
  
   Members of the Organization have the right:
• Participate in the management of the affairs of the Organization on an equal footing with other members of the Organization personally or through their representative.
• Participate on a voluntary basis in the implementation of specific projects and programs implemented by the Organization.
• Elect, be elected to the governing bodies of the Organization, the Supreme Expert Council, the Audit Commission.
• Submit proposals on issues within the scope of the Organization's activities for consideration by the competent bodies of the Organization, and participate in the discussion of these issues.
• Participate in voting at the General Meeting of the members of the Organization.
• To use the services of the Organization as a matter of priority and on preferential terms.
• Receive information about the activities of the Organization.
• Use the symbols of the Organization in cases and in the manner determined by the relevant Regulations approved by the Executive Council.
• Leave the Organization at its own discretion.

4.4. Member of the Organization is obliged:

• Comply with the Charter of the Organization
• Contribute to the solution of the problems facing the Organization.
• Participate in events held by decision of the governing bodies of the Organization.
• Implement the decisions of the competent bodies of the Organization.
• Within thirty days from the date of the event, provide the Organization with information about a change in its location and/or contact numbers, incl. leader (representative of a member of the Organization by law).

4.5. Withdrawal from the membership of the Organization:

4.5.1. A Member of the Organization may withdraw from the Organization voluntarily by submitting a written application to the Executive Council. Termination of membership in the Organization occurs from the moment of submission of the relevant application.

4.5.2. A member of the Organization may be expelled from the Organization by decision of the General Meeting of Members of the Organization in the following cases:

• non-compliance with the Charter of the Organization or the Code of Professional and Ethical Principles in the field of tourism;
• failure to comply with the decisions of the General Meeting of Members of the Organization;
• conducting activities that discredit the Organization;
• in which the individual joined the Organization;

5. MANAGEMENT OF THE ORGANIZATION

The governing bodies of the Organization are: General meeting of members of the Organization Executive Council
The president
Executive Director
Executive Directorate

5.1. The General Meeting of the Members of the Organization is the supreme governing body of the Organization, which is convened by the Executive Directorate by decision of the President or the Executive Council at least once every two years. Members of the Organization are notified in writing of the convening of the General Meeting of Members of the Organization no later than 30 days before the appointed date of the General Meeting of Members of the Organization. General meetings of the members of the Organization organized before this date are extraordinary.

5.1.1. An Extraordinary General Meeting of the Members of the Organization may be convened by the Executive Directorate by decision of the President or the Executive Council at the request of at least 45 days from the date of receipt of the relevant written application from the members of the Organization or the Audit Commission.

5.1.2. If, after receipt of the relevant decision from the President or the Executive Council, the Executive Directorate does not convene an extraordinary General Meeting of the Members of the Organization within the specified time frame, then the Members of the Organization have the right to form an initiative group to independently convene the General Meeting of the Members of the Organization.

5.1.3. The exclusive competence of the General Meeting of Members of the Organization includes:

• Amending the Charter of the Organization, approval of a new version of the Charter and / or amendments and additions to it.
• Approval of the Code of professional and ethical principles in the field of tourism and introduction of amendments and additions to it.
• Determination of priority areas of work of the Organization, principles of formation and use of its property.
• Election of the President, Executive Director on the proposal of the President, the Executive Council, the Supreme Expert Council, the Audit Commission of the Organization and the early termination of their powers.
• Approval of the reports of the Executive Council and the Audit Commission.
• Deciding on the payment of remuneration to individual members of the Executive Council and active members of the commissions of the Organization (remuneration is not paid if the above members are also members of the Organization).
• Approval of the financial plan and changes to it.
• Participation in other organizations.
• Making decisions on the need to create commissions and other industry associations on various issues of the Organization.
• Deciding on the admission of new founders of the Organization.
• Deciding on the liquidation of the Organization, its reorganization, appointment of the Liquidation Commission, approval of the liquidation balance sheet.

5.1.4. The agenda of the General Meeting of the Members of the Organization includes issues / proposals that, according to the Charter, are subject to consideration at the General Meeting of the Members of the Organization. Questions/proposals to the agenda of the General Meeting of Members of the Organization may be submitted by any member of the Organization in advance (no later than 7 days before the date of the General Meeting of Members of the Organization) or directly during the General Meeting of Members of the Organization. In advance, the issue / proposal on the agenda of the General Meeting of the Members of the Organization is submitted in writing to the Executive Directorate indicating the motives for posing, the name (name) of the member of the Organization introducing the issue / proposal, and during the General Meeting of the Members of the Organization - orally directly to the Chairman of the meeting . Members of the Organization may submit no more than 5 issues/proposals to the agenda of the General Meeting of Members of the Organization. The Executive Directorate considers questions/proposals received in advance and makes decisions on their inclusion in the agenda of the General Meeting of the Members of the Organization or on refusal to include them in the agenda. The Executive Directorate refuses to include in the agenda of the General Meeting of the members of the Organization, including in terms of inclusion in the list of candidates for voting in the governing bodies in the event of:

• The question/suggestion does not correspond to the issues to be considered at the General Meeting of the Members of the Organization
• A member of the Organization did not comply with the deadline for submitting questions/proposals. The data provided for the input questions/suggestions are incomplete.

The issue of inclusion in the agenda of questions/proposals submitted directly during the General Meeting of the Members of the Organization is decided by voting and accepted by a simple majority of votes of the Members of the Organization present at the meeting. Members of the Organization have the right to nominate candidates for the governing bodies of the Organization. When making proposals for the nomination of candidates to the governing bodies of the Organization, including in the case of self-nomination, it must be indicated - the full name of the candidate and to which governing body of the Organization he is nominated.

5.1.5. The General Meeting of the Members of the Organization is competent if it is attended by more than half of the members of the Organization in person or through their authorized representatives.

5.1.6. Decisions on issues of exclusive competence of the General Meeting of the Members of the Organization are taken if at least 2/3 of the members of the Organization present at the General Meeting voted for them.

5.1.7. Decisions on issues that do not fall within the exclusive competence of the General Meeting of the Members of the Organization are taken by a simple majority of votes of the Members of the Organization present at the meeting.

5.1.8. A member of the Organization participates in the work of the General Meeting of Members of the Organization personally or through his representative. A member of the Organization has the right to replace his representative at any time or personally take part in the General Meeting of the members of the Organization.

5.1.9. Each member of the Organization has the right to vote at the General Meeting of the Members of the Organization on the issues put to the vote on the basis of the following system of distribution of votes:

• Individual member – 1 vote
• Corporate member - 3 votes
• Collective member - 6 votes

5.1.10. The representative of a member of the Organization at the General Meeting of the members of the Organization acts in accordance with the powers based on the power of attorney issued to him. The power of attorney is drawn up in writing.

5.1.11. Legal entities, members of the Organization, act through their representatives. The power of attorney for participation in the General Meeting of the Members of the Organization must contain information about the represented person and the representative (name or designation, place of residence or location, passport data). The power of attorney can also be notarized. A power of attorney on behalf of a member - a legal entity is issued signed by its head or another person authorized to do so by the constituent documents, sealed with the seal of this legal entity.

5.1.12. The head of an organization - a member of the Organization, participates in the work of the General Meeting of members of the Organization without a power of attorney on the basis of documents certifying his authority (Minutes / Decision on appointment to the position).

5.2.13. A member (representative) of the Organization has the right to vote in the General Meeting of Members of the Organization only if he has no arrears in payment of membership fees.

5.1.14. The work of the General Meeting of the Members of the Organization is managed by the Chairman of the meeting. The general meeting of the members of the Organization elects the Chairman of the meeting and the Secretary of the meeting from among the members present (their representatives).

5.1.15. The Chairman of the meeting manages the work of the General Meeting of the members of the Organization, maintains order, ensures the rights of the members of the Organization to express their opinion on the issues discussed.

5.2.16. The secretary of the meeting is responsible for keeping the minutes of the General Meeting of the members of the Organization, as well as for the accuracy of the information reflected in it.

5.1.17. Prior to the consideration of the agenda items, the General Meeting of the Members of the Organization determines the procedure for holding the General Meeting of the Members of the Organization, including:

• Approves speakers and co-rapporteurs on agenda items.
• Establishes the order of speeches of speakers (co-speakers) and speakers in the debate.
• Determines the number of persons speaking in the debate.
• Solves the issue of granting the right to re-appear in the debate.
• Solves the issue of the presence at the General Meeting of the Members of the Organization of invited persons, including specialists, experts, representatives of state bodies and the media.
• Resolves other issues of the conduct of the General Meeting of Members of the Organization.

5.1.18. In the process of work, the General Meeting of Members of the Organization has the right at any time to change the established procedure for conducting the General Meeting of Members of the Organization, as well as to resolve other organizational issues.

5.1.19. Draft decisions on agenda items may be proposed by any member of the Organization.

5.1.20. In the event that several options for decisions on the agenda item that are not within the exclusive competence of the General Meeting of Members of the Organization are put to the vote, the member of the Organization must vote for one of the proposed options. An option is considered adopted if more than 50% of the votes from the total number of votes owned by the members of the Organization present at the General Meeting (their representatives) were cast.

5.1.21. If none of the proposed solutions has received the required number of votes, a second vote is held. To re-vote I offer two options for the decision that received the largest number of votes in the first round of voting. If during the repeated voting none of the drafts receives the required number of votes, the issue may be removed from discussion by voting.

5.1.22. The results of the voting are announced at the General Meeting of the Members of the Organization, during which voting was held and the decisions made are brought to the attention of the members of the Organization who were not present at the meeting by sending a registered letter no later than 7 days after the completion of the work of the General Meeting of the Members of the Organization.

5.1.23. The minutes of the General Meeting of the Members of the Organization shall be drawn up by the Secretary of the Meeting no later than 3 days after the closing of the General Meeting of the Members of the Organization in two copies. Both copies are signed by the chairman of the General Meeting of the Members of the Organization and the Secretary of the meeting.

5.1.24. The minutes of the General Meeting of the Members of the Organization shall indicate:

• Place and time of the General Meeting of the Members of the Organization.
• The total number of votes held by meeting participants.
• Chairman and Secretary of the meeting, agenda.
• The minutes of the General Meeting of the Members of the Organization set out the main provisions of the speeches, the issues put to vote and the results of voting on them, the decisions adopted by the General Meeting of the Members of the Organization.

5.3. In the intervals between the General Meetings of the Members of the Organization, the permanent collegial governing body of the Organization is the Executive Council, elected by the General Meeting of the Members of the Organization for a period of 2 (two) years and accountable to the General Meeting of the Members of the Organization.

5.3.1. The Executive Council is elected from the members of the Organization, taking into account the representation in it of specialists / experts in the field of tourism from sectors of professional activity and types of membership in the amount of 15 people.

5.3.2. The Executive Council consists of the President, Executive Director, heads of regional branches of the Association. The above persons have the right to vote on an equal footing with other members of the Executive Council.

5.3.3. Between the General Meetings of the Members of the Organization, the Executive Council has the right to rotate the members of the Executive Council on the basis of a personal decision of a member to withdraw from the Executive Council, on the proposal of the President or for other justified reasons. The decision to change the composition of the Executive Council, in connection with the withdrawal of a member of the Executive Council, is taken by a simple majority of votes of the members present at the meeting of the Executive Council.

5.3.4. Executive Board:

• Organizes the implementation of decisions of the General Meeting of the members of the Organization.
• Approves the Regulations on the governing bodies of the Organization.
• Approves the Regulations, Regulations, Instructions relating to the current activities of the Organization.
• Approves the annual report and annual balance sheet of the Organization.
• Manages the activities of the Organization in the period between the General Meetings of the members of the Organization and acts on its behalf in relations with the public, individuals and legal entities in the CIS and abroad, implements the foreign economic relations of the Organization.
• In the period between the General Meetings of the members of the Organization, he makes changes to the composition of commissions, committees and industry associations under the Organization and forms new ones.
• Develops draft programs of the Organization.
• Creates working commissions and committees to solve individual tasks of the Organization.
• Makes decisions on the amount of entrance and annual membership fees, in the order and terms of their payment.
• Determines the number of members and elects vice-presidents of the Organization from among the members of the Executive Council in the prescribed number.
• Makes decisions on admission to the membership of the Organization.
• Approves the staff of the Executive Directorate on the proposal of the Executive Director.
• In case of early termination of powers and before the election of a new Executive Director of the Organization, appoints, upon the proposal of the President, an Interim Acting Executive Director.
• Approves the size of official salaries of the regular apparatus of the Organization on the proposal of the Executive Director.
• Determines how the organization's funds are used.
• Approves annual estimates of administrative and economic expenses.
• Considers questions about the entry of the Organization into various organizations and the opening of representative offices or regional offices of the Organization.
• Makes decisions about obtaining loans from banks.
• Hears reports on the activities of the Executive Directorate and the conclusions of the Audit Commission on them.
• Reports to the General Meeting of Members of the Organization on the activities of the Organization.
• Participation in HR issues
• Considers issues that are submitted for discussion by the Executive Council on the initiative of the President, the Executive Directorate, the Audit
• Commission and members of the Organization.

5.3.5. The Executive Council is authorized to resolve issues submitted for its consideration if at least half of the members of the Executive Council participate in its meeting.

5.3.6. Decisions of the Executive Council are taken by a simple majority. by the votes of the members of the Executive Council present at the meeting. Each member of the Executive Council shall have one vote when voting. In case of equality of votes, the vote of the President is decisive.

5.3.7. The decisions of the Executive Council are binding on the members of the Executive Council, the Executive Directorate, as well as for all members of the Organization and are implemented by the Executive Council and the Executive Directorate.

5.3.8. The rights and obligations, the competence of the Executive Council, as well as the procedure for its activities are determined by this Charter and the Regulation "On the Executive Council", approved by the authorized body of the Organization.

5.4. The President is the controlling body of the Organization and exercises control over the activities of the Organization.

5.4.1. The President is accountable to the General Meeting of the Members of the Organization and is elected for a period of 2 (two) years by a majority of at least 2/3 of the members present at the General Meeting of the Members of the Organization. The President carries out his activities on a voluntary basis. The powers of the President are extended for the next term, if 3 (three) months before the termination of his powers, at least half of the members of the Organization do not receive applications for his re-election.

5.4.2. The president:

• Provides control over the activities of the Organization.
• Monitors the observance by the Organisation's bodies of the legislation of Armenia.
• Controls the implementation of the Code of Professional and Ethical Principles in the field of tourism.
• Provides general guidance in the work of the Executive Council.
• Submits the candidature of the Executive Director for election by the General Meeting of the Organization's members, and also sends a submission on the early termination of his powers
• In the event of early termination of powers and before the election of a new Executive Director of the Organization, submits for election by the Executive Council the candidacy of the Interim Acting Executive Director.
• Resolves strategic issues of development, as well as gives recommendations for the development of the Organization.

6.5. The Executive Director is the sole executive body of the Organization and is accountable to the General Meeting of Members of the Organization and the President. The election of the Executive Director and the early termination of his powers is carried out by the General Meeting of the Members of the Organization solely on the proposal of the President for a period of two years. Only an individual member of the Organization can be the Executive Director of the Organization.
The executive director, within his competence:

• Carries out the current management of the Executive Directorate.
• Acts without a power of attorney on behalf of the Organization, representing its interests in all organizations, including abroad.
• Represents the interests of the Organization in relations with the CIS and foreign individuals and legal entities.
• Signs on behalf of the Organization the decisions of the Executive Council.
• Carries out the hiring and dismissal of employees, including employees of the Executive Directorate, transfers and dismisses them, encourages distinguished employees, imposes disciplinary sanctions, concludes and terminates employment contracts and changes them.
• Implements the decisions of the Executive Council, organizes control over their implementation.
• Submits the staff of the Executive Directorate for approval to the Executive Council.\
• Submits for approval to the Executive Council the salaries of the staff of the Organization.
• Submits to the Executive Council for approval the estimate of administrative and economic expenses of the Organization.
• Performs other actions necessary to manage the activities of the Organization that do not contradict the current legislation of Armenia and this Charter of the Organization.

6.5.1. The Executive Director is not entitled to delegate the exercise of his powers to other persons. However, if it is impossible for the Executive Director to exercise his powers (illness, business trip or for other reasons), the right to temporarily perform the duties of the Executive Director, by decision of the Executive Council based on the presentation of the President, is transferred to the Interim Executive Director, but for a period not exceeding three months.

6.5.2. In the event of early termination of the powers of the Executive Director (including in the event of termination of membership in the Organization), by decision of the Executive Council, his functions are performed by the Acting Executive Director, elected by the Executive Council on the basis of the President's proposal, until the regular/extraordinary General Meeting of the members of the Organization .

6.6. The Executive Directorate conducts the current work of the Organization and is responsible for the fulfillment of the tasks assigned to it. The activities of the Executive Directorate are carried out under the leadership of the President and the Executive Director.

6.6.1. The Executive Directorate consists of the Executive Director and her staff.

6.6.2. The rights and obligations of the Executive Directorate, as well as the procedure for its activities are determined by this Charter and the Regulations "On the Use of Additional Directorate”, approved by the authorized body of the Organization.

6.7. The permanent consultative and advisory body of the Organization is the Supreme Expert Council. The composition of the Supreme Expert Council and all subsequent changes in its composition are approved at the General Meeting of the Members of the Organization.

6.7.1. The main objectives of the Supreme Expert Council are:

• Consideration of urgent problems facing the Organization and the tourism industry as a whole, preparation of proposals for their solution.
• Assistance in research and dissemination of knowledge in the field of tourism.
• Assistance in the study and use of the latest achievements in the field of theory, methodology and practice of tourism, in the development of curricula for tourism.
• Preparation of proposals for the implementation of projects in the CIS countries in the field of tourism, proposals for the examination of competitive projects and programs that affect the interests of the Organization and the industry as a whole.
• Assistance in the development and observance of the rules of professional ethics in the field of tourism, in the resolution of emerging professional disputes.
  Preparation in the interests of the Organization of proposals for improving the legislation and regulatory framework in tourism

6.7.2. The main tasks and functions of the Higher Expert Council, as well as the procedure for its formation and organization of work, are contained in this Charter and in the Regulation "On the Higher Expert Council", approved by the authorized body of the Organization.

6.8. Control over the financial and economic activities of the Organization is carried out by the Audit Commission, elected for a period of two years by the General Meeting of Members of the Organization from among the members of the Organization who are not members of the governing bodies of the Organization, in the amount of 3 (three) people.

6.8.1. The Audit Commission is accountable only to the General Meeting of the Members of the Organization and reports once every two years.

6.8.2. The Audit Commission prepares an opinion on the annual report and balance sheet.

6.8.3. The Audit Commission elects the Chairman and Secretary of the Audit Commission and has the right to attract members of the Organization to ensure its work.

6.8.4. At least half of its members must be present at the meeting of the Audit Commission.

6.8.5. Decisions are taken by a simple majority of votes by open voting.

7. PROCEDURE FOR INTRODUCING CHANGES AND ADDITIONS TO THE CHARTER OF THE ORGANIZATION

7.1. Changes and additions to the Charter of the Organization, approval of the Charter of the Organization in a new edition are made only on the basis of a decision of the General Meeting of the members of the Organization. Decisions on the issues of amending and supplementing the Charter of the Organization are taken if at least 2/3 of the members of the Organization present at the General Meeting voted for them.

7.2. Registration of changes and additions to the Charter of the Organization is carried out in accordance with the current legislation.

7.3. Changes and additions to the Charter of the Organization come into force from the moment of their state registration.

8. REORGANIZATION AND LIQUIDATION OF THE ORGANIZATION

8.1. The reorganization of the Organization is carried out in the manner prescribed by the legislation of the Republic of Armenia. The reorganization can be carried out in the form of a merger, accession, separation, separation and transformation.

8.1.1. An organization is considered to be reorganized, except for cases of reorganization in the form of affiliation, from the moment of state registration of the newly established organization (organizations).

8.1.2. When the Organization is reorganized in the form of a merger of another organization with it, the first of them is considered reorganized from the moment an entry is made in the unified state register of legal entities on the termination of the activities of the affiliated organization.

8.1.3. State registration of an organization (organizations) newly established as a result of reorganization and making an entry in the unified state register of legal entities on the termination of the activities of the reorganized organization (organizations) is carried out in accordance with the procedure established by the current legislation of the Republic of Armenia

8.2. An organization has the right to be transformed into a public organization (association), a foundation or an autonomous non-profit organization, as well as into an economic company in the cases and in the manner prescribed by the current legislation of the Republic of Armenia.

8.2.1. The decision to transform the Organization is taken by the founders unanimously.

8.2.2. When the Organization is transformed, the rights and obligations of the reorganized organization are transferred to the newly established organization in accordance with the deed of transfer.

8.3. The Organization may be liquidated by the decision of the General Meeting of the Members of the Organization, by the decision of the court and in other cases stipulated by the legislation of the Republic of Armenia.

8.3.1. The body that made the decision to liquidate the Organization appoints a liquidation commission (liquidator) and establishes the procedure and terms for the liquidation of the Organization in accordance with the current legislation of the Republic of Armenia.

8.3.2. From the moment of appointment of the liquidation commission, the powers to manage the affairs of the Organization are transferred to it. The liquidation commission, on behalf of the liquidated Organization, acts in court.

8.3.3. The liquidation commission places in the press, which publishes data on state registration of legal entities, a publication on the liquidation of the Organization, on the procedure and terms for filing claims by its creditors. The term for filing claims by creditors may not be less than two months from the date of publication of the liquidation of the Organization.

8.3.4. The liquidation commission takes measures to identify creditors and collect receivables, and also notifies creditors in writing of the liquidation of the Organization.

8.3.5. At the end of the term for the presentation of claims by creditors, the liquidation commission draws up an interim liquidation balance sheet, which contains information on the composition of the property of the liquidated Organization, the list of claims presented to creditors, as well as the results of their consideration.

8.3.6. The interim liquidation balance sheet is approved by the General Meeting of the Members of the Organization, which made a decision on its liquidation.

8.3.7. If the funds available to the liquidated Organization are not sufficient to satisfy the claims of creditors, the liquidation commission shall sell the Organization's property at public auction in the manner established for the execution of court decisions.

8.3.8. Payment of amounts of money to the creditors of the liquidated Organization is made by the liquidation commission in the order of priority established by the legislation of the Republic of Armenia, in accordance with the interim liquidation balance sheet starting from the day of its approval, with the exception of creditors of the fifth priority, payments to which are made after a month from the date of approval of the interim liquidation balance sheet.

8.3.9. After completion of settlements with creditors, the liquidation commission draws up a liquidation balance sheet, which is approved by the General Meeting of the Members of the Organization, which decided to liquidate the Organization.

8.3.10. In the event of liquidation of the Organization, property, funds and other property after settlements with the state, payment of debts, interest on loans and other obligatory payments, according to the decisions of the liquidation commission, are used only for statutory or charitable purposes.

8.3.11. Premises, buildings, equipment and other property received for gratuitous use or leased by the Organization shall be returned to their owners in accordance with the established procedure.

8.3.12. The property remaining after the satisfaction of creditors' claims is directed only to statutory and charitable purposes.

8.3.13. The liquidation of the Organization is considered completed, and the Organization - ceased to exist after making an entry about this in the unified state register of legal entities.