50
th
ANNUAL REPORT 2015-2016 THE GEM & JEWELLERY EXPORT PROMOTION COUNCIL
28
Based on the introduction of the Companies Act, 2013 and
the directions issued by the Ministry, certain amendments
were made to the Articles of Association. Some key highlights
of the amendments are mentioned below:
In order to stand for elections, the candidate or the entity rep-
resented by him must have to her/ his/ its credit, exports of
not less than the following amounts:-
l
Diamond Panel: Average Export Turnover of not less
than Rs.1 crore of diamonds, in preceding three years;
l
Gold Jewellery& Other precious Metal Jewellery Panel:
Average Export Turnover of not less than (excluding
silver) Jewellery, in preceding three years Rs.1 crore of
Gold Jewellery & Other Precious Metal
l
Coloured Gemstones Panel and Pearls Panel Fashion
Jewellery Panel and Sales to Foreign Tourists Panel:
l
Average Export Turnover of not less than Rs.1 crore of
coloured gemstones, pearls, fashion jewellery, as the
case may be, in preceding three years.
l
For Sales to Foreign tourist, average turnover of not less
than Rs.1 crore in preceding three years.
l
Silver Jewellery Panel: Average Export Turnover of not
less than Rs.1 crore of Silver Jewellery in preceding
three years.
l
Regional Chairmen: Export Turnover of Rs.2 crores of
any product in every year for preceding three years
No Ordinary Member who has served as a Regional Chairman
for 3 (three) continuous terms of 2(two) years each, shall
be eligible for re-election or re-appointment as a Regional
Chairman or as a member of a Panel of the Committee or Vice
Chairman or Chairman at the next election for the subsequent
term of two years.
Provision has been made for an exclusive seat for SEZ within
Jewellery Panel, a new seat has been created for Silver
Jewellery Panel in the CoA.
Where an elected member of the Committee has served
continuously for 6 [six] years, such elected member shall be
deemed to be retired and shall not be eligible for re-election
or re-appointment to the Committee, whether as panel
member or regional chairman or vice chairman or chairman,
for a period of two years immediately after completion of such
six years.
Any person having held the post of Chairman and/or vice
chairman shall be eligible to file nomination as vice chairman
only after a gap of not less than four years, immediately upon
completion of his term as prescribed in 7.1 or 7.2, as the case
may be. However, such person may file nomination for Panel
Member or Regional Chairman after a gap of two years upon
completion of his term of Chairman.
The election of Chairman shall be via Vice Chairman route
only. On completion of his term of two years, the vice chairman
shall succeed to be the Chairman of the Council unless he is
unwilling to accept Chairmanship or has incurred any of the
disqualifications enumerated in Article 8.1 of the Articles of
Association of the Council or in any other circumstances, he
is not able to succeed as Chairman.
Western Region comprising of Maharashtra, Goa, Daman,
Dadra Nagar Haveli, Daman & Diu and Madhya Pradesh was
newly created.
If the turnover of any serving member of the Committee of
Administration falls below the turnover as specified in 4.2
(c), vide which he/she has gained the eligibility of getting
elected in CoA, or loses his ordinary membership status at
any financial year, that member will duly retire at the end of
the concerned financial year and the election for the post
will be held at the immediately next election with other seats
falling vacant.
As per Articles 9.1 & 27.7 (a2) of the Articles of Association of
the Council, one-third members elected from the Panels will
automatically retire by rotation on the completion of two years
whereas under Article 27.7 (a3) where an elected member of
the Committee has served continuously for 6 [six] years, such
elected member shall be deemed to be retired and shall not
be eligible for re-election or re-appointment to the Committee
for a period of two years immediately after completion of such
six years.
KEY AMENDMENTS IN THE ARTICLES OF ASSOCIATION & ELECTION
RULES OF THE COUNCIL
