timetotrade

This is the timetotrade help wiki. Use the timetotrade Trigger Trading Technology™ to execute your trades when Price, Candle Stick, Trend Line, Volume and Technical Analysis chart conditions are met - no coding required. Trade directly in the world’s global markets. Backtest your Trading Strategies. Calculate your UK HMRC Capital Gains Tax liabilities. Manage your Investment Club. Create a FREE account today.


Investment Club Constitution

Investment Clubs.png

The Investment Club's Constitutition provides the legal framework for the club's organisation. The Constitution should be signed by every club member and can only be changed with the agreement of all members.


The following is a sample draft constitution as recommended by Proshare Clubs.


CONSTITUTION

of the........................................................Investment Club


This agreement is made this........day of..........................in the year of ............. between the undersigned people as founder members for the purpose of joint investment in stocks, shares, bonds, options, securities and investments of a like nature for their mutual benefit and interest.


1. The first principle of the club shall be that no member shall be deprived of his/her equitable share in the assets of the club.

2. Members of the club shall make regular contributions in such amounts and on such basis as is from time to time agreed or required by the rules.

3. Members shall be bound by the rules to be determined by members. Such rules may be varied by majority resolution at a properly convened general meeting but the rules shall not at any time contravene the principles of this constitution. The constitution cannot be altered without the agreement of 75% of the club for the time being.

4. The club shall deal solely with investments on behalf of its own members and shall neither deal on behalf of nor advise any persons other than its members in relation to investments of any kind. All its activities will be confined to the mutual benefit and interest of its members.

5. Club membership shall be restricted to a maximum of 20 people. New members shall only be admitted after being proposed and seconded by two existing members and there being no objection from any other member of the club.

6. No member shall assign, pledge, transfer, mortgage or sell any part of his/her interest in the club to another member or to anyone else except as permitted by the authorised procedure for selling back all or part of his/her interest to the club itself.

7. No member shall be compensated for services rendered to the club and no member shall bind or obligate the club or any member of the club to any matters outside the affairs of the club, and in respect of the club’s affairs they shall only enter into agreements on the authority of a resolution properly passed by members.

8. The rules shall determine the procedure whereby a member may resign from the club and withdraw his/her equitable share of the club’s assets but the maximum period to elapse between the date of resignation and the date of full repayment shall not exceed 90 days.

9. The club shall hold a general meeting once in every calendar year as its annual general meeting provided that every annual general meeting shall not be more than 15 months after the preceding annual general meeting. The club’s first annual general meeting shall be within 15 months of its inauguration.

10. At each annual general meeting, the members shall elect a chairman, honorary treasurer and honorary secretary who will resign at the following annual general meeting but be subject to re-election. Members will also elect the club’s auditors. If the auditors are members of the club they shall be at least two in number and shall not be executive officers of the club.

11. At each annual general meeting, a statement of account shall be given by the treasurer, together with the report of the auditors. The treasurer’s report shall include a full record of the club’s income and expenditure; a list of the club’s assets together with its end-of-year valuation; also a capital account for each member showing his/her total contributions and withdrawals together with the current value of his/her holding.

12. Upon the death of any member the value of his/her equitable share in the club shall be paid to the executor of the estate in accordance with the club’s rules for dealing with a member leaving the club.

13. The club’s investments shall be registered through a nominee company provided by a reputable source such as a bank or stockbroker OR such investments shall be held in the names of trustees, of whom there shall be at least two, who will sign a Declaration of Trust and who shall be appointed by a resolution of a majority of club members.

14. The club shall open an account with a bank or building society and all club monies shall be paid into this account except in so far as monies from disposal of investments may be retained by the club’s stockbroker pending reinvestment. At least two of the club’s officers or other members nominated by the club for this purpose must sign all cheques and the bank/building society shall be instructed accordingly.

15. If any member should assign, charge or otherwise encumber his/her share in the club as prohibited by clause 6 of this agreement, he/she shall be expelled from the club. If any member shall become bankrupt, insane or otherwise incapable of taking part in the club’s business, OR shall act in any manner inconsistent with the good faith observable between members, OR shall be guilty of any conduct which could injure the good name of the club, OR bring about its dissolution or fail to attend at least 25% of properly constituted meetings in any one financial year, it shall be lawful for other members to notify the offending member in writing that members shall consider his/her expulsion from the club. A member being issued with such a warning shall be given an opportunity to offer other members any explanation as he/she considers desirable.

16. A member shall be expelled if ALL other members present at a properly constituted meeting of the club support a resolution to that effect. A member who is expelled shall be notified in writing and shall have his/her equitable share of the club assets returned in accordance with the rules of the club.


IN WITNESS whereas the undersigned have set their hands

this..............day of...........................................in the year of ............



NAME ........................ SIGNATURE ........................ WITNESSED BY ........................


NAME ........................ SIGNATURE ........................ WITNESSED BY ........................


NAME ........................ SIGNATURE ........................ WITNESSED BY ........................


NAME ........................ SIGNATURE ........................ WITNESSED BY ........................



It has never been easier to execute your trading strategy. Our Trigger Trading Technology ® means you can now automatically execute your trades directly in the world’s global markets.


You need never miss a trading opportunity again!


Do you want to:

  • buy when your technical analysis chart conditions are met? Really buy, not just get an email or sms alert?
  • or sell when a support trend line is broken?
  • or back-test your strategy going back as far as 30 years?


Timetotrade's Trigger Trading Technology™ is truly game changing. It gives you a trading advantage. The power to take your trading to a new level.


Open a FREE timetotrade account today to:


  • Trade UK, US and European Shares - apply now
  • Execute trades when your Price, Candlestick, Trend Line, Volume and Technical Analysis chart conditions are met using the Trigger Trading Technology™ - learn more - help video
  • Email and SMS Trigger Trading™ Alerts - learn more
  • Trade Off The Chart - learn more
  • Back Test Trading Strategies with up to 30 years of historical data - learn more
  • Create Simulated Trading Accounts to test your Trigger Trading™ Strategies - learn more
  • Real time Forex, UK, European and US stock market data - learn more
  • 170+ Technical Analysis and Candlestick Pattern Indicators - learn more
  • All the tools you need to set up and run a successful investment club - learn more
  • Manage your Portfolio and calculate UK HMRC Capital Gains liabilities and SA 108 CGT Tax Returns - learn more
  • Create Trading Competitions for you and your friends - learn more
  • Apply for a trading account today and get the Pro Package for FREE - apply now


Apply now to try our superb platform and get your trading advantage.



The information and data provided is for educational and informational purposes only. Interpretation and use of the information and data provided is at the user's own risk. All information and data on this website is obtained from sources believed to be accurate and reliable. However, errors or omissions are possible due to human and/or mechanical error. All information and data is provided "as is" without warranty of any kind. We make no representations as to the accuracy, completeness, or timeliness of the information and data on this site and we reserve the right, in its sole discretion and without any obligation, to change, make improvements to, or correct any errors or omissions in any portion of the services at any times. Past performance is not a guarantee of future results. Trading carries a high level of risk to your capital and can result in losses that exceed your deposits. It may not be suitable for everyone so please ensure you fully understand the risks involved.


All services are provided by Mercor Index Ltd. TimeToTrade is a trading name of Mercor Index Ltd (a company registered in England and Wales under number 9479466). Our Registered address is 34-36 St Georges Road, Brighton, BN2 1ED. Mercor Index Ltd is authorised and regulated by the Financial Conduct Authority number 679941.


The trading services offered by Mercor Index Ltd are not available to residents of the United States and are not intended for the use of any person in any country where such services would be contrary to local laws or regulations. Subscriptions to TimeToTrade products are available if you are not eligible for trading services.

Retrieved from "?title=Investment_Club_Constitution&oldid=31185"