Our Constitution


  • The Name of this investment club is PiNergy

The aims of PiNergy are:

  • Educating members about new industry trends,
  • Educating members about our well researched and identified investment opportunities
  • Educating members to help make wise investment decisions.

Membership is open to all who:

  • Have an interest in property and real estate’s investment
  • Want to have access to our identified and researched property investments
  • Support charitable projects proposed by the investment club
  • Supports the aims and objectives of PiNergy
  • Membership will begin as soon as a Welcome email has been received.
  • There will be an annual membership contribution which will be agreed at the Annual General Meeting (AGM) and will be payable by all members.
  • A list of all members will be kept by the membership secretary.

Ceasing to be a member

  • Members may resign at any time in writing to the secretary.
  • Any member who fails to pay his/her membership fee in one year will be contacted by the committee, who will then decide if the member is deemed to have resigned.
  • Any offensive behaviour, including racist, sexist or inflammatory remarks, will not be permitted.
  • Any offensive behaviour or breaking the equal opportunities policy may result in suspension from further meetings or resignation from the group, especially if an apology is not given or the behaviour is repeated.
  • The individual concerned shall have the right to be heard by the management committee, accompanied by a friend, before a final decision is made.

Equal Opportunities

  • PiNergy does not discriminate on the grounds of gender, race, colour, ethnic or national origin, sexuality, disability, religious or political belief, marital status or age.

Officers and committee

The business of the Club will be carried out by a Board of Trustees. The officers’ roles are as follows:

  • Chair Board of Trustees, who shall chair both general and committee meetings
  • Club General Secretary and Trustee, who shall be responsible for the taking of minutes and the distribution of all papers
  • Member Trustee, who shall be responsible for keeping records of members
  • Treasurer who shall be responsible for maintaining accounts
  • Any committee member not attending a meeting without apology for three months will be contacted by the committee and asked if they wish to resign.
  • The Committee meetings will be open to any member of PiNergy wishing to attend, who may speak but not vote.


  • An Annual General Meeting (AGM) will be held within twelve months of the previous AGM.
  • All members will be notified in writing at least 3 weeks before the date of the meeting, giving the venue, date and time.

At the AGM:

  • The Committee will present a report on the work of PiNergy over the year.
  • The Committee will present the accounts of PiNergy for the previous year.
  • The officers and Committee for the next year will be elected.
  • Any proposals given to the Secretary at least 7 days in advance of the meeting will be discussed.

Special General Meetings

  • The Secretary will call a Special General Meeting at the request of the majority of the committee or other members giving a written request to the Chair or Secretary stating the reason for their request.
  • The meeting will take place within thirty days of the request.
  • All members will be given two weeks’ notice of such a meeting, giving the venue, date, time and agenda, and notice may be by telephone, email or post.
  • The quorum for the Special General Meeting will be 10% of the membership or 10 members, whichever is the greater number.

General Meetings

  • General Meetings are open to all members and will be held at least once every 3 months or more often if necessary.
  • All members will be given two weeks’ notice of such a meeting, giving the venue, date, time and agenda, and notice may be by telephone, email or post.
  • The required member for a General Meeting shall be 10% of the membership or 5 members, whichever is the greater number.

Committee Meetings

  • Committee meetings may be called by the Chair or Secretary. Committee members must receive notice of meetings at least 7 days before the meeting.
  • The quorum for Committee meetings is three Committee members.

Rules of Procedure for meetings

  • All questions that arise at any meeting will be discussed openly and the meeting will seek to find general agreement that everyone present can agree to.
  • If a consensus cannot be reached a vote will be taken and a decision will be made by a simple majority of members present. If the number of votes cast on each side is equal, the chair of the meeting shall have an additional casting vote.


  • An account will be maintained on behalf of the Association at a bank agreed by the committee. Cheque signatories will be nominated by the Committee (one to be the Treasurer).  The signatories must not be related nor members of the same household.
  • All payments will be signed by two of the signatories.
  • For cheque payments, the signatories will sign the cheque.
  • For other payments (such as BACS payments, cash withdrawals, debit card payments or cash payments), a requisition note will be signed by two signatories, and held by the treasurer.
  • Records of income and expenditure will be maintained by the Treasurer and a financial statement given at each meeting.
  • All money raised by or on behalf of PiNergy is only to be used to further the aims of the group, as specified in item 2 of this constitution.

Amendments to the Constitution

  • Amendments to the constitution may only be made at the Annual General Meeting or a Special General Meeting.
  • Any proposal to amend the constitution must be given to the Secretary in writing. The proposal must then be circulated with the notice of meeting.
  • Any proposal to amend the constitution will require a two thirds majority of those present and entitled to vote.


  • If a meeting, by simple majority, decides that it is necessary to close down the group it may call a Special General Meeting to do so. The sole business of this meeting will be to dissolve the group.
  • If it is agreed to dissolve the group, all remaining money and other assets, once outstanding debts have been paid, will be donated to a local charitable organisation. The organisation will be agreed at the meeting which agrees the dissolution.

This constitution was agreed at the Inaugural General Meeting of the PiNergy  on: –

Date ………/…………/…………….

Name and position in group ………………………………………….

Signed ………………………………………….

Name and position in group ………………………………………….

Signed ………………………………………….


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