Objectives of the PIN
a) To promote, advance and develop the application of Polymer Science, Engineering and Technology in the Polymer and Allied Industries in Nigeria and elsewhere.
b) To act as a professional body, promoting the professional integrity and status of all persons engaged in Polymer Science, Engineering and Technology; prescribing standard of experience and efficiency as essential to the election of members, thereby conferring upon the, a recognized status by virtue of membership of the Institute.
c) To promote research and education in all facet of Polymer Science, Engineering and Technology.
d) To diffuse among its members information on all matters affecting Polymer Science, Engineering and Technology and to print, publish, issue and circulate such papers, periodicals, books, circulars, and other literary materials as may seem conducive to the attainment of any of these objects.
e) To undertake in collaboration and with approval from relevant governmental agencies, the accreditation of manpower training programmes in Polymer Science, Engineering and Technology.
f) To improve and elevate the technical and general knowledge of Polymer Science, Engineering and Technology through the delivery of lectures and the holding of classes and with approval from relevant Government agencies and institutions, and to award certificates and distinctions and to Institute and establish scholarships, grants, rewards and other benefactions.
g) To originate and promote the enactment of state of legislation in respect of all of the above objects.
h) To purchase, have, hold, dispose of subject to the provisions of the companies Act, buildings for use as an Institute, college or lecture rooms, or nay other properties, real or personal, for the advancement of the objectives of the Institute or nay one of them.
i) To do all such other lawful things as are incidental or conducive to the attainment of the above objects or any of them. Provided that the Institute shall not support with its funds or impose on its members or endeavors to procure the observance of any regulation which if an objects to the Institute would make it a trade union.
j) To invest and deal with the monies of the Institute not immediately required upon such securities and in such manner as may from time to time be determined by the Institute and to place any such monies on deposit with bankers or financial or mercantile houses or companies.
k) To borrow or raise and give security by the issue of or upon Bonds, Debentures, debentures stocks, bills of exchange, promissory notes or other obligations or securities of the company or by mortgage or charge upon all or any of the property of the Institute.
l) The income and property of the Institute shall solely towards the promotion of its objects so set forth the memorandum of association, and no portion thereof shall be paid or transferred directly or indirectly as dividend, bonus or otherwise by way of profit to the members of the Institute. Provided that nothing herein shall prevent the payment of remuneration to any officer or servant of the Institute or to any member of the Institute in return for services actually rendered to the Institute or prevent the payment of interest at the rate not exceeding five percent per annum on money lend, reasonable and proper rent for premises demised or let by any member tot the institute or any officer of the Institute paid by fees, and that no remuneration or other benefit in money’s worth shall be given by the Institute to any member of such body except repayment of out of pocket expenses and interest at the rate aforesaid on money lend or reasonable and proper rent for premises demised or let to the institute.
m) If upon the winding up or dissolution of the institute, there remains, after the satisfaction of all its debt and liabilities, any property whatsoever the same shall not be paid to or distributed among the members of the institute but shall be given or transferred to some other institution or institutions having objectives similar to that of the institute, to be determined by the Board of Directors of the institute at or before the time of dissolution, or in default thereof by such judgment of a competent court as may have or acquire jurisdiction in the matter.
n) The Institute shall have power by a special resolution passed and confirmed in accordance with the provisions of section 16 of the companies act to add, alter or amend any of all the regulations on the article of association herewith appended, provided by the Registrar of the companies and provided also that such alterations or amendment shall not have the effect that Institute shall cease to be a company to which section 20 of the companies act, 1968 applies.
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