19th April 2023
To: Ordinary Members of the Council
Sub: Notice of the EGM – 6th May 2023 at 2:00 pm
Dear Sir,
Notice is hereby given that an Extraordinary General Meeting of the Members of the Synthetic and Rayon Textiles Export Promotion Council, SRTEPC will be held on 6th May 2023 (Saturday) at 2:00 pm at the Registered Office of the Council at Resham Bhavan, 78, Veer Nariman Road, Mumbai – 400 020
SPECIAL BUSINESS
ITEM No.1: Election of Vice Chairman (Appointment)
“RESOLVED THAT pursuant to the Articles of Association of the Council, and as per the applicable provisions of the Companies Act, 2013, E-voting for the election of Vice-Chairman is to be done by the eligible voters (Ordinary Members) of the Council, as per the implementation of para 2.92 of the Handbook of Procedures of FTP2015-20.
‘FURTHER RESOLVE THAT’ whoever been elected as Vice-Chairman will be the Vice-Chairman of the Council up to the remaining term of present Chairman and the elected Vice-Chairman will automatically become Chairman on the completion of the term of the present Chairman as per the Clauses no. 27.1 & 27.2 of the Articles of Association of the Council.
By Order of the COA
For SRTEPC
Executive Director cum Secretary
The Synthetic & Rayon Textiles Export Promotion Council
Resham Bhavan, 78 Veer Nariman Road,
Churchgate, Mumbai 400 020
Place: Mumbai
NOTES:
- Explanatory Statement pursuant to Section 102(1) of the Companies Act, 2013 with respect to the special business is attached hereto.
- E-Voting – Members who are eligible (Ordinary Members) to vote can vote through E-Voting facility. The details will be emailed separately to all ordinary Members eligible for E-Voting.
- The last date for nomination for filling of nomination form for post of Vice-Chairman. The Council will communicate the candidates list separately by email. Thus, as per para 2.92 of the Handbook of Procedures of FTP2015-20 the election will be held through e-voting (scheduled for 13th to 15th May 2023) by the eligible voters (Ordinary Members) of the Council.
EXPLANATORY STATEMENT PURSUANT TO SECTION 102(2) OF THE COMPANIES ACT, 2013
ITEM NO.1
- According to FTP (2015-20), EPCs acting as Registering Authorities and issuing RCMCs can continue the same till 31st March 2016, after which the EPCs will have to comply and fulfil the conditions as specified in paragraph 2.92 of the Handbook of Procedures to continue the same. If the EPCs do not follow this directive from the Central Government; they will be debarred from acting as Registering Authorities / issue RCMC.
- E-Voting has been made mandatory for Election to the post of Vice-Chairman as per Para 2.92 of the Handbook of Procedures of FTP (2015-20) and directions of the Central Government E-Voting for the post of Vice-Chairman should be done by all members eligible to vote irrespective of sub-divisions or panels.
- The Council has complied with all the directives of the Central Government including the E-Voting for the post of Vice-Chairman.
- As per MOC letter No.12/2/2013-E&MDA dtd. 7.12.2015, the minutes of the meeting held on 27.10.2015, Point No.19 (ix) “Any election to the posts of Executive Committee and Vice-Chairman, held after the announcement of FTP without following the above provisions will not be recognized by the Department of Commerce and fresh elections following these provisions will have to be held in order to make the EPC eligible under (i) above)”.
The Vice-Chairman is to be elected for a period of two years through e-voting by the eligible voters (Ordinary Members) for the EGM to be held on 6th May 2023.
The COA recommends the Resolution set-forth in Item No.1 for the approval of members.
By Order of the COA
For SRTEPC
Executive Director cum Secretary
The Synthetic & Rayon Textiles Export Promotion Council
Resham Bhavan, 78 Veer Nariman Road,
Churchgate, Mumbai 400 020
19th April 2023
