AFVOA Newletters of Year 2005

Page 52 of 75 Members present and voting in the AGM immediately before the election. – Existing Para 9.1 is very clear on this aspect. No amendment was warranted. (iii) Every Executive Committee Member should sign the minutes recorded by the Secretary and dissent if any, to be recorded in detail. – Existing Para 11.6 is clear on the subject. Minutes of the previous meeting are read out by the Secretary in the presence of all Members present and Members sign the attendance slip. The minutes are finally approved by the President. Hence no amendment is considered necessary. The above decisions were proposed to be passed by Maj Gen N Viswanathan and seconded by Col Shashi Bhushan. 18. Points from Members . With permission of the Chair Maj VV Chandrasekharan raised the following points:- (a) It is ‘customary’ that the Annual Report rendered by the Secretary about the activities of the Association during the preceding year is also to be passed by the General Body. – The suggestion was accepted by the President and the same was passed by the General Body. (b) The requirement for submission of IT Return should be re-examined in the light of Sec 11 of the IT Act. The President requested the Member to submit his observation in writing to enable the Committee examine its applicability to the AFVOA which he did A detailed discussion with the Chartered Accountant was held by the Executive Committee wherein it was clarified that Sec 11 of IT Act applies only to Religious and Charitable Associations. AFVOA being an Association with no taint of commerciability applicability of the said Sec 11 does not arise. (c) In the proposed amendments to the Bye Laws of AFVOA, Para II indicating the Scope of the Association has the word ‘Military’ preceding Officers from Army, Navy and Air Force. This word should be replaced by ‘Retired/Released’. The President requested the Member to submit his observation in writing to enable the Committee to examine it which he did. The point was discussed by the Executive Committee and it was decided that in view of Para 3.2 of the Bye-Laws the word 'Military’ can be replaced by ‘Retired/Reieased’. 19. Vote of Thanks . The Secretary thanked the GOC, ATNK&K Area for providing the facilities at the Palm Grove Ecological Park & Sports Complex and the Officers Commanding the Area Sig Coy, Sup Dep, Stn Wksp and Pro Unit for their administrative support. He thanked all the Members who were present for making the AGM a success. 20. Talk by Dr. (Mrs.) Srilata Zaheer . Dr (Mrs.) Srilata Zaheer, an alumnus of IIM (A), and the Sloan School of Management, MIT, USA, has been teaching International students in the US, Europe, China and India She spoke briefly after the AGM on the relative strengths and weaknesses of the Indian and Chinese Economies. She also quoted statistics to show how both are poised for a greater role in the World market provided the concerns of poverty, infrastructure are addressed properly and investments are made appropriately. She also made a case for both the countries to join hands for mutual benefit instead of considering each other as rivals. At the end of her talk there was a lively question and answer session with an enlightened audience. Ability is of little account without opportunity ~ Napoleon Bonaparte