50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
3
all such acts, deeds and things as may be necessary, proper
or expedient to give effect to this resolution.”
6. AD-VALOREM FOR GENERIC PROMOTION OF GEMS
AND JEWELLERY
“RESOLVED THAT
Ad-Valorem to be collected by the
Council, for the purpose of promotion of diamonds only, shall
be at a rate of 0.02% inclusive of all kinds of taxes, based
on the import value of rough diamonds as declared in KP
Certificate by the members.”
“RESOLVED FURTHER THAT,
Ad-Valorem would be
collected during issuance of KP certificate only.”
“RESOLVED FURTHER THAT,
the non-members be made
to complete their KYC formalities with GJEPC My KYC
before applying for KP Certificates in absence of which the
applications would be delayed pending the KYC registration.”
“RESOLVED FURTHER THAT
separate bank accounts
should be created for collection of such funds so that the
money can be only used for p romotion of individual products
such as rough diamonds, colored gem stones, diamond
Jewellery, etc, for which they are collected.”
7. MARKETING CAMPAIGN OF THE DIAMOND
PRODUCERS’ ASSOCIATION
“RESOLVED THAT
the Council will participate in the “REAL
IS RARE” worldwide Diamond promotion program of 2017
initiated by the Diamond Producers’ Association (DPA),
based on the Memorandum of Understanding signed
between the Council and DPA in 2016,as a Partner and for
this purpose contribute an amount of USD$ 20,00,000 (USD
Two millions only).”
8. RULES AND REGULATIONS OF THE TRADE
DISCIPLINARY AUTHORITY
“RESOLVED THAT
the Gem & Jewellery Export Promotion
Council (GJEPC) will be a part of the Trade Disciplinary
Authority formed together by the Bharat Diamond Bourse
(BDB) and the Mumbai Diamond Merchant Association
(MDMA), and the rules and regulations formulated thereof
by the authority from time to time would be binding on the
members of the Council.”
“RESOLVED FURTHER THAT
pursuant to the provisions of
the Article 1.1(p) of the Articles of Association of the Council,
the Council hereby approves and adopts the rules and
regulations of the trade disciplinary authority which will be
binding on all the Members of the Council.”
For & on behalf of the Committee of Administration
Sd/-
Shri Praveenshankar Pandya
Chairman
DIN: 00316843
Date: 01/12/2016
Place: Mumbai
NOTES:
General Instructions for Members (Associate & Ordinary):
1. In case of any queries with respect to the accounts, the
members can send it to the Council at least 72 hours prior to
the commencement of the 50th Annual General Meeting as it
would enable the management to compile/collect information
about the same.
2. If there is no quorum at the time fixed for the meeting, the
meeting shall stand adjourned for half an hour from the time
appointed for the meeting. If after the expiration of half an
hour, the requisite quorum is not present then the meeting
shall stand adjourned to the same day after one week at the
same time and place or to such other day and at such other
time and place as the Committee may determine.
3. The copy of the Articles of Association of the Council is
available at the registered office of the Council. Any member
interested may, subject to submission of a written request
addressed to the Executive Director of the Council, inspect
the same on any working day during its working hours
between 11.00 a.m. to 04.00 p.m.
4. The explanatory statement as required under section 102
of the Companies Act, 2013, relating to special business to
be transacted at the Meeting is annexed herewith.
Venue of 50th AGM
E-voting Process and Instructions (only for Ordinary
Members):
5. In compliance with Section 108 of the Companies Act,
2013 and Rule 20 of the Companies (Management and
Administration) Rules, 2014, as amended from time to time,
the Company is pleased to provide its Members with facility
to exercise their right to vote at the 50th Annual General
Meeting by electronic means and the business may be
transacted through remote e-Voting services provided by
National Securities Depository Limited (NSDL) from a place
other than the AGM venue.
6. The facility for voting through e-voting system shall be
made available at the venue of the AGM and the members
attending the meeting who have not cast their vote by remote
e-voting shall be able to exercise their right to vote at the
meeting through e-voting system.
7. The members who have cast their vote by remote e-voting,
prior to the AGM, may also attend the AGM but shall not be
entitled to cast their vote again.
8. The remote E-voting period commences on December
16, 2016 (10:00 a.m.) and ends on December 19, 2016
(5:00 pm). During this period, members of the Council as
