The membership of the Society consists of two categories -subscribed membership and honorary membership, and such other categories as may be determined by the General Body from time to time. Subscribed membership further consists of ordinary, Life and Institutional memberships.

1.1 Ordinary Members : Ordinary members shall be elected by the Council and shall pay such fees and subscriptions as may be laid down in the Byelaws from time to time. Any ordinary member, on payment of such a consolidated sum as may be prescribed by the Byelaws, shall be entitled to be termed a life Member.

1.2 Institutional Membership : Institutions shall be enrolled by the Council as Institutional Members on payment of such fees and subscriptions as may be prescribed in the Bye-laws.

1.3 Patrons and Honorary Members : Patrons who make substantial contributions to the funds of the Society or render distinguished service to the Society, and other eminent persons by virtue of their knowledge or contribution to science, art or literature, may be elected as Patrons or Honorary Members. Such election shall be made by the Society on the recommendation of the Council for such period as the General Body may determine. Patrons and Honorary Members shall enjoy all the privileges of membership, but shall not be required to pay any fees or subscriptions.

2.1 The General Body shall consist of all members of the Society.

2.2 The General Body Meeting of the Society, duly and properly convened, shall be the supreme controlling authority, and in particular, shall have the power to sanction statutes with or without modifications and to add to, alter or rescind any of the rules subject to the provisions of the rules 9 and 10 infra.

2.3 An Annual General Body Meeting shall ordinarily be held in winter every year to consider the annual report which shall be prepared by the Council for this purpose, and the Accounts and to elect when necessary office-bearers and members of the Council, to appoint Auditors, and to consider any other business which may be brought forward in the manner prescribed in the regulations.

2.4 On the written requisition of not less than fifteen members of the Society, the Council shall convene a Requisition General Body Meeting for the transaction of business stated in the requisition. If within three months of the Gate of requisition the Council fails to convene a special General Body Meeting so requisitioned, the requisitionists themselves may convene a Requisition General Body Meeting to be held at the Society's headquarters for the transaction of the requisitioned business, provided that no business other than the questioned business shall be transacted at Requisition General Body Meeting.

2.5 Not less than fifteen day's notice shall be given for all General Body Meetings of the Society. Ten members present in person shall form a quorum at all General Body Meetings, except in the case of a Requisition General Body Meeting when fifteen members shall form the quorum.

2.6 However, if the quorum is not present, then on the same day next week at the same place and time, the General Body Meeting will be held, for which no quorum is necessary.

2.7 The President or, in his absence, the Vice-President shall preside at all General Body Meetings of the Society at which he may be present. If the President and the Vice-President are both absent, members present shall elect one among them to preside over the meeting.

Members who are in arrears will not be entitled to exercise any of the rights and privileges of membership while in arrears, and the Council may terminate the membership of a member, who is in arrears for more than two years, after fifteen days notice.

4.1 The Society shall have the following office-bearers: a President, a Vice-President, a Secretary, a Treasurer and a Joint Secretary. They shall be elected at the Annual General Body Meeting each year#. In the 16th Annual General Body Meeting at Tirupati held in December 1976. The Constitution was amended to provide for the creation of a new office of Chairman for a period of five years. The terms of office of the Secretary and Treasurer were increased from one year to five years under the same amendment.

4.2 The President, who shall be the head of the Society, shall be elected by the members of the Society for one year in such manner as may be prescribed by Regulations.

4.3 The President shall have the right to attend all the meeting of the councilor any of its committees and when present, shall preside over such Meetings.

4.4 Any person who may have rendered distinguished service to the Society or to the advancement of econometrics & allied subjects may be delegated as President or Vice-President by the members of the Society for one year and in such manner as may be prescribed by Regulations.

4.5 Powers and functions of the Vice-President shall be as may be laid down by Regulations from time to time.

4.6 The Treasurer shall be the official custodian of all funds belonging to the Society.

4.7 The Secretary shall be responsible for the proper administration of the affairs of the Society subject to the control of the Council. He shall represent the Society in all business and legal transactions, shall receive and disburse all funds of the Society and shall sign all necessary documents on behalf of the Society subject to the Byelaws and the direction of the Council if any. All suits instituted by, or on behalf of the Society, shall be instituted in the name of the Secretary and in all suits brought against the Society, the Secretary shall represent the Society. For such period as may be determined by-the General Body Meeting, the Secretary may also perform the duties of the Treasurer.

5.1 There shall be a Council of the Society consisting of:

a) The Office-bearers who shall be ex-officio members.

b) Not less than five and not more than eleven other members including the representatives from such institutions as may be determined by the Society at the Annual General Body Meeting.

c) Not more than two co-opted members who may be elected by the Council by a two-thirds majority of members present and voting and who shall hold office for the year or part of the year as the case may be.

5.2 The Council shall be responsible for the management of the affairs of the Society and shall have full powers to do all things that may be necessary or desirable to give effect to the objects of the Society, and generally to exercise all the powers of the Society except in regard to such powers and functions as are required under the rules to be otherwise exercised.

5.3 Without prejudice to the generality of the above powers the Council shall have the power to:

a) make, alter and rescind Statutes, Regulations and Byelaws as provided in these Rules, subject to the approval of the General Body;

b) grant leave to office-bearers and make-bearers and members of the Council during the year;

c) fill up vacancies among the office-bearers and members of the Council during the year;

d) delegate by specific resolution any of its powers to any person or persons, committees, boards or other composed wholly or partly of its own members or other members of the Society;

e) organize, establish, affiliate, carry on and maintain, dissolve, disaffiliate or give up new branches and other institutions having objects wholly or partly similar to those of the Society; and

f) institute fellowships and scholarships of different categories for professional work and prescribe regulations thereto.

5.4 Not less than seven days notice shall be required for all meetings of the Council. Five members shall form the quorum.

5.5 In the absence of the President and the Vice-President, a Chairman shall be elected at the meeting of the General Body, the Councilor a Committee.

5.6 All questions except for which other provisions exist in the Rules and Regulations shall be decided by a majority of votes.

6.1 The Council, subject to the approval of the General Body, may work in association or collaboration with any other organization or institution which already exists or which may be set up and may declare may such institution or organization as an associate institution for purpose of these rules. The Council may also rescind such declaration if and when considered desirable, subject to the approval of the General Body.

6.2 Relation between the Society and the associate institutions or organizations shall be such as may be decided by the Council from time to time, subject, however, to any statues or regulations that may be prescribed by the General Body.

6.3 The Council may at any time grant affiliation to organizations or other authority engaged in purposes or works which are wholly or partly similar to the objects of the Society and on such affiliation being given to the institution, organization or authority concerned shall be deemed as affiliated to the Society for the purpose to these rules until such affiliation to the Society for the purpose of these rules until such affiliation is withdrawn by the Council subject to ratification by the General Body.

6.4 Rights and privileges which the institutions, organizations or authorities affiliated to the Society shall enjoy, shall be as laid down by specific resolutions of the Councilor by regulations from time to time.

7.1 All properties belonging to the Society and all banking accounts, documents, securities, etc., shall stand in the name of the Society.

7.2 Banking accounts of the Society shall be operated upon and securities standing in the name of the Society shall be endorsed, transferred or otherwise negotiated by the Treasurer and the Secretary of the Society or by any other member of the Council duly authorized by the Council.

7.3 The Secretary-Treasurer is authorized to open a current account at the State Bank of India, Hyderabad Branch or at a branch of any of its associates and operate the accounts.

8.1 The Society may be dissolved through a specific resolution by a two-thirds majority of the members of the General Body present and voting.

8.2 If upon the dissolution of the Society there remain after the satisfaction of all its debts and liabilities, properties whatsoever, the same shall not be paid do to or distributed among its members or any of them, but shall be made over or distributed to such other institutions or associations having objects wholly or partly similar to those of the Society as may be determined by a two-thirds majority of members voting at a special meeting of the members to be convened for the purpose.

9.1 Proposed introduction of or changes in Statutes shall be notified to all members of the General Body not less than one month before the date of the meeting of the General Body at majority of the members present and voting.

9.2 Proposed Byelaws or changes thereto shall be notified to all members of the Central Body not less than seven days before' the date of the meeting at which they are proposed to be considered and shall be adopted upon being passed by a majority of the members present and voting.

9.3 If the President or Secretary considers that there is emergency, the Council may give effect to any new or amended Regulations or Statues before their approval subject to confirmatioI1 by the General Body.

10.1 Proposed changes in Rules shall be notified to all members of the Society not less that three months before the date of the General Body Meeting at which they will be considered and shall be adopted upon being passed by a two-thirds majority of members present and voting.

10.2 Notwithstanding anything contained in Rule 10.1, the Council may, with the approval of the President of the Society, place many proposed changes in the Rules before a General Body Meeting called with not less than one month's notice and such things being approve by a majority of those present and voting at such General Body Meeting, may give effect to.

10.3 Proposed Statues or Regulations or changes thereof shall be prescribed by Regulations and pending the adoption of necessary Regulations for this purpose may be laid down by the Council by specific resolution.

11.1 When any Rules, Statues or Regulations are added to, deleted or otherwise amended: herein before provided, the Council shall, by a resolution, decide the date from which are such changes shall come into force and shall also lay down the transitional arrangement that may be necessary for giving effect thereto, subject to ratification by the General Body.

11.2 The Council shall have power to re-number Rules, Statues and Regulations in the manner they consider necessary whenever any addition, omission or alteration is made in such changes in the reference thereto.

The Office-bearers of the Society shall ordinarily be elected at the Annual General Body Meeting once every year.