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- There shall be three classes of members viz.
- Founder Member
- Executive Member
- Ordinary Member
- The Executive Committee may at any time and from time to time create
and pescribe the procdure and regulatiions for admittance of Members,
the entry fee and subscription payable by them and the rights and privileges
attached to such member.
- The following individuals will be admitted as the Founder Members
after incorporation of the Company upon payment by them of the entrance
fees prescribes in that behalf
- Ashwinikumar Prabhakar Pandit, Age 34, Nashik
- Swati Ashwinikumar Pandit, Age 33, Nashik
- The executive committee member is a selected member who has been associated
with the company at-least for the period of two years and has been involved
in the activities of the company hole heartedly.
- The executive committee will consist of total nine members consisting
of two founder members and seven selected Executive/Ordinary members.
- The executive committee is an election body. Every year, FOUR members
of existing Executive Committee will be replaced by new members from
the available list of Executive/Ordinary Members selected by Founder
Members.
- The founder members are permanent members of the Executive Committee
and will keep functioning same as other committee member.
- The Executive Committee will select the office bearers amongst the
nine Committee Member by way of selecting unanimously or by way of draw
of lots. The tenure of the office bearers will be minimum of One year
& maximum offour years. At the end of their tenure, the office bearers
will hand over the chare to the Executive Committee Members selected
unanimously OR by way of draw of lots.
- A) Any individual devoted to the sports in India according the rules
and regulations prescribed by the executive committee from time to time
in that behalf shall only be entitle to become ordinary member of the
company.
- B) A member shall cease to be a member of the Company if
- He is declared by court or competent authority as insolvent
- He is found guilty by competent authority of any offence including
moral turpitude.
- Upon death of a member.
- He voluntarily offers his resignation.
- The procedure and the regulations for the admittance to the membership
of the company shall be in the manner / conditions as may be prescribed
by the Founder Members. The Founder Members shall be entitled to its
absoulte discetion either to admit or to reject any applicant for membership
of the Company without assigning any reason for such admittance or rejection.
- Every member is entitle to one vote.
- The ExecutiveCommittee may invite persons of distinction to become
partrons-in-chief, patrons or vice-patrons of the Company.
- On the admission as a member, secretary shall notify in writing to
the applicant.
- It shall be condition of becoming a member of the company that any
dispute or protest arising out of the decision of any member or other
body by what ever name called in any sports events shall be subject
to an appeal to the executive committee and any party aggrieved by such
decision may prefer an appeal therefrom to the Executive Committee.
The Executive committee shall appoint the special committee of minimum
of one and maximum of three members who are any legal representatives
or respectable persons who may not be members of the company shall hear
and dispose of such appeal in such manner with such time and subject
to such conditions as may from time to time be prescribed by the executive
committee in accordance with their general competition rules. The decision
of the Special committee will be reported to executive committee and
the final decision will be given by executive committee.
- The company can become a member of other Companies, Associations,
Body, Federations, Groups etc who also has a same interest in sports,
company can appoint any member or members from executive committee to
attend, vote, speak or represent on behalf of company.
- The executive committee which includes Founder Members has right to
terminate any member whose interest, motto, behavior is found to be
destructive for the benefit of the sports and or has no interest, responsibility
in working for the company. Company will give notice to such member
and will terminate the membership by settling the financial account
of that member.
- If the ordinary member or any Executive Member is terminated or resigned
from the Executive Committee then the vacant post will be replaced by
taking unanimous decision of the remaining executive committee or by
draw of lots amongst the interested eligible Executive/Ordinary Members.
- The Founder Members does not want to remain active in the Company
due to unforceen circumstances they can appoint a nominee who in turn
will become the Founder Member and will have all the rights of the Founder
Members.
- The entrance fees for all classes of members mentioned in Article
of Association Shall be Rs.500/-
- The security deposit for various classes of members shall be as
follows: -
- Founder Rs.10000/-
- Executive Rs.3000/-
- Ordinary Rs.1000/-
- On termination of Excuteive Member and Ordinary Member these
security deposits will be refunded. No interest will be paid
on these deposits.
- The annual subscription of Rs.300/- shall be paid by all members
before 1st March of Every Financial Year.
- The Annual General Meeting of the company shall be held once at least
in every year at such times mot more than 15 months after the holding
of the last preceding General meetings. All General meetings other than
Annual General meeting shall be called extra-ordinary general meetings.
Every such general meeting shall be called by the executive committee
for a time during the business hours on a day that is not a public holiday
and shall be held either at the registered office of the company or
some other place within the city, town or village in which the registered
office is situated. Notice of not less than twenty-one days shall be
given for holding of the general meeting.
- (i) The executive committee shall whenever it thinks fit or on requisition
made in Writing by such number of members as have not less than one
– fifth of the total of all the members at that date call an Extra–Ordinary
General meeting.
- (ii) The requisition shall set out the matter for the consideration
of which the meeting is to be called, shall be signed by the requisitionist
and shall be deposited at the Registered office of the Company.
- (iii) On receipts of any such requisition the committee shall forthwith
proceeds to call an Extra-ordinary General Meeting. If it does not proceed
with in 21 days from the date of the requisition being so deposited
to call a meeting on a day not later than 45 days from the date of the
deposit of the requisition, the requisitionist may themselves call a
meeting. But any meeting so called shall be held within three months
from the date of deposit of the requisition.
- All meetings of the company shall be convened by a circular sent
by the secretary or Authorized person to each one of its members either
by register post, courier, facsimile or email. Non receipts of notice
by any member shall not invalidate the proceedings of such meeting.
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- No business shall be transacted by any General Meeting unless
a quorum of Members is Present at the time when the meeting proceeds
to business.
- Same as herein otherwise provided, three members present shall
be a quorum.
- If within half an hour from the time appointed for holding the
meeting, a quorum is not present, the meeting if called upon by
the requisition of members shall stand dissolved.
- In any other case the meeting shall stand adjourned to same day
in the next week at the same time and place or to such other day
and at such other time and place as the executive committee may
determine.
- If neither at the adjourned meeting quorum is present within half
an hour from the time appointed for the meeting the members present
shall be a quorum.
- The president of the company or in his absence Secretary of the company
shall preside as chairman at every General Meeting of the Company. If
there is no such president or secretary or if any of them is present
within fifteen minutes after the time appointed for holding the meeting
or is unwilling to act as Chairman of the meeting the Executive Committee
members present shall elect one of their members to be Chairman of the
meeting.
- If at any meeting no executive committee member is willing to act
as Chairman or if no Executive Committee member is present within 15
minutes after the time appointed for holding the meeting, the members
present shall elect one of them to be chairman of the meeting
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- The chairman may with the consent of any meeting at which the
quorum is Present and Shall, it so directed by the meeting adjourn
the meeting from time to time and from place to place.
- No business shall be transacted at any adjourned meeting other
than the business left unfinished at the meeting from which adjournment
took place.
- When a meeting is adjourned for 30 days or more, notice of the
adjourned meeting shall be given as in the case of an original meeting.
- Save as aforesaid, it shall not be necessary to give any notice
of an adjournment or of the business to be transacted at the adjourned
meeting.
- In case of an equality of votes by show of hands, the Chairman of
the meeting at which the poll is demanded shall be entitled to second
or casting votes.
- Any business other than that upon which a poll has been demanded may
be proceeded with pending the taking of the poll.
- All business to be transacted at an Extra-orideinary General meeting
and all business to be transacted at Annual General meeting with the
exception of the consideration of accounts, Balance sheet and Annual
Report of Executive committee. The report of the auditors and the appointment
and remuneration of auditors shall be deemed special.
- No member can appoint a proxy or representative for the any purpose
of business of the Company.
- The Company can have voting only in matters arising out of business
transactions. No appointment of a member will be done by way of elections
or by way of secret ballot voting.
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