INDIAN COMMERCE ASSOCIATION

MINUTES OF THE ANNUAL GENERAL BODY MEETING OF THE INDIAN COMMERCE ASSOCIATION HELD ON OCTOBER 13, 2017

The Annual General Body Meeting of the Indian Commerce Association was held on October 13, 2017 at 4.30 pm in the Conference Hall (Dome) IIS University, Jaipur, under the chairmanship of ProfessorArvind Kumar, President of ICA. The following decisions were taken unanimously:

Item 1Considered the minutes of the last meeting of the General Body of the ICA held on November 12, 2016 at 4.30 pm in the University of Lucknow, Lucknow

RESOLVED to approve the minutes of the last General Body Meeting of the ICA.

Item 2Considered the Secretary’s Report for the year 2017as approved by the Executive Committee of the ICA

RESOLVED to approve the Secretary’s Report for the Year 2017.

Item 3Considered the recommendation of Executive Committee regarding audited accounts of the ICA for the year 2017 and the Managing Editor’s Report.

RESOLVED to approve the audited accounts of the ICA for the year 2016-17 and

the Managing Editor’s Report

Item 4To report the progress of Constructing Boundary Wall of ICA House at Noida

In the Annual General Body Meeting of ICA held on November 12, 2016 the recommendation of the Executive Committee of ICA held on April 16, 2016 at Mumbai was approved which said that a Committee of President ICA, Immediate Past President, Treasurer, Secretary and Conference Secretary be authorised to get the boundary wall for the ICA building constructed and take related decisions in this regard.

The committee requested Dr. Subhash Garg, Conference Secretary to coordinate this activity with the help of the resource base, infrastructural provisions and expertise in this regard available in his institution. Dr. Subhash Garg, with the consent of all other members, floated tenders through email for the construction of boundary wall. In this regard, four quotations were received from the below mentioned parties:

1.M/s Sunshine Construction Company Limited

2.M/s Shrey Infrastructure Projects

3.M/s Shrwan Lal & Company

4.M/s Designers Guild.

From the quotations received, a comparative statement was prepared to help arrive at a decision. A meeting of this committee to take the decision for assigning tender was held on June 9, 2017 at 12 pm at Rajasthan House, New Delhi. The Committee examined all the quotations and unanimously decided to grant the contract in favour of M/s Sunshine Construction Company Limited as the price quoted by them was the lowest. The award of contract was supported by a Contract Note in favour of M/s Sunshine Construction Company Limited. The contractors were given the additional work of construction of ramp of the entrance, gate, etc. costin Rs.61000. The contractors have completed the work and a final payment of Rs. 663750(GST to be paid 79650) has been made to them

Item 5To consider the recommendation of the Executive Committee regarding the decision of general body of ICA at Hazaribagh with respect to supply of hard copy of journal

RESOLVED to send hard copies of the Indian Journal of Commerce to all the Life members who opt for the same. The Secretary of the ICA was authorised to send the hard copy of the letter to all the Life members regarding their consent to receive hard copy of the Journal. This letter should also be sent by email and the Life members should be required to fill their current postal address on which they wish to receive the hard copy of the IJC, email id on which soft copy of the IJC should be sent, and mobile number on which they wish to get SMS and WhatsApp messages. They may send the duly filled in form in either the hard copy or by electronic form. The purpose of this communication should be to collect complete and updated data for the purpose of preparing directory of Life members of ICA.

Item 6To report the progress related to All India Commerce and Management Talent Search Examination (AICMTSE)

Resolved to organize the next All India Commerce and Management Talent Search Examination on the first Sunday of Feb. i.e., Feb. 3, 2018. Resolved to print hard and soft copies of the poster for the said examination and should be handed over to all the members of the EC in Dec. 2017. Resolved to appoint all the members of the EC of ICA as State Coordinators of AICMTSE and additional State Coordinators will be appointed by the Office Bearers based on the nominations received from EC members. Dr. S. Ramesh informed that the International Skill Development Corporation (ISDC) has agreed to sponsor top three winners of 2018 of AICMTSE for a trip to United Kingdom. Resolved to authorize Prof. Ram Chandra Gowda to coordinate with Rajasthan Youth Association regarding the sponsorship of Rs.10 Lacs for giving scholarship and rewards to the top performers.

Item 7To consider the recommendation of EC of ICA for constituting different Standing Committees for various purposes

Resolvedto constitute Various Standing Committees like Website and Conference PaperSubmissions Management, Management of Accounts and Audit etc. for which Office Bearers were authorized to do the needful.

Item 8To report the recommendations of the Executive Committee of the ICA that the General Body be given opportunity to elect the hosts of 71stICA Conference and they be informed about the institutions from where the proposals have come along with the proposed Conference Secretary’s name and elections be held by mentioning these details in the ballot papers. Each voter shall be given only one preference.

The proposals received are as follows:

  1. Jamia Millia Islamia

Prof. Abdul Aziz Ansari, Conference Secretary
Deptt. of Commerce & Business Studies,
Jamia Millia Islamia
New Delhi

  1. Osmania University

Prof. H. Venkateshwarlu, Conference Secretary

Professor of Commerce and Special Officer,

Osmania University Centenary Celebrations,

Department of Commerce, Osmania University,

Hyderabad

Item 9Consideredthe recommendation of Executive Committee of ICA regarding appointment of Returning Officer for 2018 ICA elections.

The EC of ICAauthorised the President of ICA to appoint Returning Officer for the ICA Elections for the year 2018. Prof. P. Purushotam Rao was appointed the Returning Officer by President of ICA for conductingElections scheduled to be held during the 71stAll India Commerce Conference in 2018.

Item 10Consideredthe recommendation of Executive Committee of ICA regarding appointment of auditor.

RESOLVED that Prof. Ajay Kumar Singh be authorised to do the needful regarding the appointment of the new Auditor and finalise Audit Fees.

Item 11To confer the honor of the Fellow of the Indian Commerce Association to the Chairpersons of the various Sessions of the 70th All India Commerce Conference and the new members of the EC of the ICA for their contributions made to the ICA in particular and academics in general in terms of the Resolution No 10 of the General Body Meeting of the ICA held on December 28, 2004 at Indore.

Prof. Bhagaban Das / Head & Dean, P.G. Dept. of Business Management, Fakir Mohan University, Balasar, Odisha
Prof. M. Sulochna / Formerly with Dept. of Commerce, Osmania University, Hyderabad, Telangana
Prof. V. K. Shrotiya / Department of Commerce, Delhi School of Economics, University of Delhi, Delhi
Prof. Jaspal Singh / Head, Dept. of Commerce, Guru Nanak Dev University, Amritsar
Prof. Prashant Kumar / Department of Commerce, Banaras Hindu University, Varanasi
Dr. M.S. Subhas / Vice Chancellor, Vijayanagara Sri Krishnadevaraya University, Bellary, Karnataka
Dr. Bimal Jaiswal / Professor, Dept of Applied Economics, Lucknow University, Lucknow
Dr. B.M.S. Bhadoria / Professor, Govt. M.L.B. Girls PG College, Bhopal
Prof. M. Jayappa / Principal, RBANMS First Grade College, Ulsoor, Bangalore
Prof. D. Chennappa / Professor, Department of Commerce, UCC & BM, Osmania University, Hyderabad, Telangana
Dr. Laxman Singh / Associate Professor, P G Department of Commerce, Jai Prakash University, Chapra
Dr. Kuldip Sharma / Assistant Professor, K.P.B. Hinduja College of Commerce, Mumbai
Dr. Sanjay S. Kanode / Principal, Vidyabharti College, Seloo, Dist. Wardha, Maharashtra

Item 12Considered the recommendations of the EC of the ICA regarding the topics for the Seminar session, four Technical Sessions and MM Shah Research Gold Medal Session to be held at the time of 71stAnnual Conference of the ICA.

RESOLVED that committee comprising of the office bearers of the ICA and Past Presidents present in 70th AICC shall finalise the topics for the Seminar Session, Four Technical Sessions, and M. M. Shah Research Gold Medal Session to be held at the time of the 71stAnnual Conference of the ICA. These shall be based on the suggestions received from the General Body of the ICA.

Item 13Considered the recommendations of the EC of the ICA regarding the names of the Chair persons, Co-chair persons for the Seminar session, four Technical Sessions and MM Shah Research Gold Medal Session and SMICARSA Sessionto be held at the time of 71th Annual Conference of the ICA

RESOLVED that committee comprising of the office bearers of the ICA and Past Presidents present in 70th AICC shall finalise the Sectional Chairpersons/Co-chairpersons for the Seminar Session, Four Technical Sessions and M. M. Shah Research Gold Medal Session to be held at the time of the 71st Annual Conference of the ICA. These shall be based on the suggestions received from the General Body of the ICA.

Item 14RESOLVED to approvethe recommendations of the EC of the ICA that Prof. Subhash Garg, Dean and Director, Center for Research, Innovation and Training, IIS University, Jaipur be elected as President of the ICA for the next term i.e. upto the conclusion of the 71st Annual Conference of the ICA

October13, 2017 Balwinder Singh

Secretary, ICA

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