Categorization of Membership for Election

Ref: SEC/MEM/1657                                                        19th August, 2015

TO ALL MEMBERS OF THE COUNCIL

IMPORTANT

Dear Sir,

Sub: Categorization of Membership for Election

As you are aware, the Council has two categories of members Viz. Associate and Ordinary.  Only an Ordinary member has the right to vote or to offer self as a candidate at Elections to various positions in the Council.

In order to be eligible for Ordinary Membership, a firm must satisfy the following requirements:

I.    a.  The firm must have been an Associate Member of the Council for at least three years.

2. The firm must have to its credit, during the three financial years immediately     preceding, average exports in respect of Synthetic & Rayon Textile items     (Products falling under the purview of the Council) not less than the amount mentioned below:

1. Small Scale Industries                        : Rs.10 lakhs
2. Others                                                 : Rs.25 lakhs

                                                           OR

2. The firm must have to its credit during the immediate preceding year, export performance of Rs.20 lakhs for SSI and Rs.50 lakhs for others in respect of the products with which the Council is concerned.

Pursuant to the above, the categories of members are likely to change every year on the basis of their past export performance in Synthetic & Rayon Textile items. Keeping in view the forthcoming elections to the Committee of Administration of the Council in September, 2015; we are in the process of finalising the eligibility of members to be considered as Ordinary members as stated above.    

In this regard, we are sending herewith a  specimen proforma which should be filled in and returned to the Council at the earliest. The Proforma should be made on your Company's Letterhead and duly certified by a Chartered Accountant. The F.O.B. value of exports in Synthetic & Rayon and Blended Textile items (excluding Ready-made Garments) which fall under the purview of this Council only should be furnished in the statement in Sr.No.7 in the Proforma.

We request you to submit the information as per the enclosed Proforma at the earliest; but not later than 31st August, 2015.  Please do note that members who do not furnish the above information will not be eligible for inclusion in the category of Ordinary members for the purpose of Election.

Thanks,

Yours faithfully,

V.ANIL KUMAR
EXECUTIVE DIRECTOR & SECRETARY

Encl: Proforma (download)