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Memorandom Of Understanding 

Between The Immunology Foudation And The Indian Immunology Society


	1. The Immunology Foundation ( 'Foundation') was created at the initiative of the Indian Immunology
	  Society ( 'Society') with objects dedicated to the promotion of the science of immunology and 
	  allied sciences.

	2. The Foundation and the Society desire to jointly secure and share the benefit of association with
	  the international union of Immunological Societies ( 'IUIS'), which is an organization with 
	  membership open to immunology societies.  The two parties consider such association would be
	  beneficial to their common goal of promoting the science of immunology.

	3. The foundation and the Society have therefore agreed that so as  to jointly secure and share
	  the common benefits  of association with IUIS, the Foundation shall undertake payment of the 
	  annual subscriptions to IUIS calculated on the basis of Society's present membership of 500.

	4. While the Society shall be the formal adhering member of IUIS, in consideration of the foregoing,
	  the Society undertakes to establish arrangements for regular consultation,  exchange of information
	  and sharing of all benefits on a continuing basis, between the Foundation and the Society pertaining 
	  to all activities, developments and matters in relation to IUIS.  Further, in the event of increase
	  on the baseline e subscription at the level of 500, the  Society and the Foundation will negotiate
 	  with the IUIS, the number and the fee for which the Foundation will pay the subscription so as not
	  to lose the IUIS membership.

	5. The Foundation and the Society further agree that in the event of the dissolution of the Foundation,
	  in terms of Clause 22 of the Deed of Trust of the Foundation dated 15 December 1999, any surplus
	  funds remaining, after the satisfaction of the Foundation's debts and liabilities, shall, in view 
	  of the like objects of the  Foundation and the Society, be transferred to the Society.   Provided,
	  however, that in the event of the dissolution of the Society prior to the dissolution of the
	  Foundation, the surplus aforesaid shall be transferred as provided in Clause 22 of the Deed of Trust 
	  to such other organization having objects similar to those of  the Foundation as determined by the
	  Board of Trustees at or before the time of the Foundation's dissolution.

	6. In view of their common objectives namely promotion of the science of immunology, the Foundation
	  and the Society pledge to work in harmony for the achievements of their common/parallel objectives.