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N O T I C E

The 81st Annual General Body Meeting of The Textile Association (India) will be held onSaturday, 19th December 2020 at 11.30 a.m. by Video Conferencing on Zoom.

A G E N D A

[a] To read the notice convening the meeting

[b] To read and confirm the minutes of the 80th Annual General Body Meeting held on 18thSeptember 2019 at 04.30 P.M. at Century Bhavan, Dr. A.B. Road, Worli,Mumbai 400 030.

[c] Adoption of 81st Annual Report

[d] Adoption of 81st Annual Statement of Accounts & Balance Sheet for the year ending31st March 2020.

[e] Appointment of Auditor for the year 2020-2021.

[f] Such other business as may be placed before the meeting with the permission of theChair.

Mumbai17th October, 2020

[H. B. Parekh] Hon. Gen. Secretary

NB: [1] In case of no quorum, the adjourned meeting will be convened at thesame place after 30 minutes.

[2] Audited Accounts & Balance sheet from 1st April 2019 to 31st March 2020 will beavailable in respective unit office. Members are requested to collect the same.

THE TEXTILE ASSOCIATION (INDIA)CENTRAL OFFICE

(Registered under the Society’s Registration Act XXI of 1860 and under Bombay Public Trust Act XXIX of 1950)Vishnu Prasad Building, Room No. 1, Opp. Ovenfresh, Shivaji Park, Dadar (W), Mumbai - 400 028

Tel: 022-24461145/24474971, E-mail: taicnt@gmail.com Website: www.textileassociationindia.org(Subject to Mumbai Jurisdiction)

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Dear Members,On behalf of the Governing Council of the Textile Association (India), I have thepleasure in submitting the Annual Report for the year ending 31st March, 2020.(1) Governing Council Members:

The Governing Council consists of members as shown below in addition toImmediate Past President.

(2) TAI Members (Status) :

The total membership as on 31st March, 2020 stands as 24974. I solicit your fullsupport & co-operation to enroll Corporate, Life and Patron membership to TheTextile Association (India).

During the year 2019-20, 219 new members were enrolled, out of which 158 werenew Life Members. Life Member’s strength as on 31-3-2020 is 23307.During thisyear we have enrolled 25 Corporate Member and 36 Patron Members (Lifemembers converted their membership to Patron members).

81st Annual Report for the year from 1-4-2019 to 31-3-2020

THE TEXTILE ASSOCIATION (INDIA) – CENTRAL OFFICE(Registered under the Society’s Registration Act XXI of 1860 and under Bombay Public Trust Act XXIX of 1950)

Vishnu Prasad Building, Room No. 1, Opp. Ovenfresh, Shivaji Park, Dadar (W), Mumbai - 400 028Tel: 022-24461145/24474971, E-mail: taicnt@gmail.com Website: www.textileassociationindia.org

(Subject to Mumbai Jurisdiction)

Sr.No Unit Nos Sr.No. Unit Nos

1 Ahmedabad 08 15 Mumbai 082 Baroda 01 16 Odisha 013 Chennai 01 17 P. H. C. 014 Delhi 06 18 Rajasthan 015 Erode 02 19 Salem 016 Gwalior 01 20 Saurashtra 017 Haryana 02 21 Solapur 018 Hinganghat 01 22 South Gujarat 029 Ichalkaranji-Miraj 02 23 South India 0310 Jalandhar 01 24 Uttar Pradesh 0111 Karnataka 01 25 Vidarbha 0212 Khandesh-Jalgaon 01 26 West Bengal 0113 Madhya Pradesh 04 27 Co-opted 0414 Marathawada 01

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(3) Governing Council Meetings :

The Governing Council met two times during the year as mentioned below:

[i] Mount Abu – 10-04-2019[ii] Bhilwara – 17-08-2019[iii] Chandigarh – 14-11-2019

TAI has introduced ONLINE Membership Registration format on TAI websitewith payment provision. So far 6 members registered during this financial year.

Delhi Unit [68 new members], South India Unit [48 new members], P.H.C. Unit[32 new members], Madhya Pradesh Unit [18 new members] and Ahmedabad[11 new members] enrolled maximum number of new members.

Total strength of members as on 31-3-2020 is given below:

I take this opportunity to express my sincere thanks to the Office Bearers and themembers of the Managing Committee of the above Units, for having extendedtheir kind invitations to hold the Governing Council Meeting and for providing allthe facilities to the Governing Council Members. My sincere thanks are also dueto all Governing Council Members for their co-operation in conducting the affairsof the association to the best satisfaction of all the members.

(4) Websites:

TAI Website www.textileassociationindia.org is performing very satisfactory alongwith several informative wings which has reached with remarkable visitors trafficmore than 1,13,20,500 hits since its re-launch back in June 2015 from acrossthe Indian textile industry as well as globally. It is regularly updating and uploadingon website.

With the country Flag Counter on the website have been visited more than 1,57,400visitors from most of the global players in this industry across 172 countries with232Country Flags. Website is friendly user “RESPONSIVE”, compatible with MobilePhones, Tablets, and Laptops etc.All Social Media like Facebook, Twitter, Linked-

As on 31.3.2019 As on 31.3.2020 Increased

[i] Corporate Members 131 156 25[ii] Patron Members 1475 1511 36[iii] Life Members 23146 23307 158

24755 24974 219

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in &YouTube etc. are connected. Search Engine Optimization (SEO), has improvedand increased website ranking remarkable. At present SEO Global Ranking is5,64,000 and within India is 33,200. Most of our Important Keywords are on FirstPage of Google Search.

TAI started Monthly e-newsletter and sending it to the approximate 6800 mailersmonthly. There is a plenty of scope to improve our website, by updating withvarious Modules and the Apps/ Software which are available at cost. This mayfurther improve the visitors’ traffic and may generate the revenue.

Textile Department of SGGSIE&T,Nanded and TAI Marathwada Unit haveprepared a TEXTILE DIGITAL LIBRARY, where more than 450 Video web linksof Spinning, Weaving, Processing, Garment etc. are available. It will be useful fortextile students, faculty members and learners. Link to open is https://taimu.org/digital-library/

(5) Journal of the Textile Association (JTA):

Our Journal is a prestigious peer reviewed bi-monthly textile technical journal.Each received manuscripts are sent to three reviewers for their suggestion, editionor addition.

After getting the suggestions, remarks from the reviewers, we publish the articlewith the consent of respective author. Presently Impact Factor of our Journal is ata satisfactory level of more than 2.182.JTA is available in digital format from theyear 2010 onwards as e-journal on TAI website www.textileassociationindia.org/journal. Link of e-journal is sent to approximate 6200 mailers.

(6) Professional Awards Committee (PAC):

The Textile Association (India) conducted the annual examinations ATA & GMTAto grant Diploma/Degree courses of competency to the persons working inTextile Industry by examination or by applications. In December 2019Examination, 65 candidates were registered for ATA & 20 students forGMTA.

On the TAI website in PAC, ATA & GMTA Exam Results and Exam Schedules ofeach years are uploaded. Also ATA / GMTA Exam Question papers of previousyears from 2012 & onwards are uploaded. Candidates, willing to appear Exams,may make study & practice of solving such papers. Also respective TAI Unitsmay guide the candidates in advance.

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(7) Activities:

(i) TAI Celebrated its 80 years Anniversary

It was 9th April 1939, the foundation of the Textile Association (India), laid to facethe host of challenges. The vision created by Founders, Technocrats and leadersfrom small and big industries came together on a common platform that wouldbring laurels to not only industry but to the country at the large.

80th Years Anniversary Celebration of The Textile Association(India) with oneday conference on “Global Textile, Changing Scenario in current Times”.The Textile Association (India) celebrated its 80 years Anniversary, hosted by TheTextile Association (India)- Ahmedabad Unit on 09th April, 2019 at Dinesh Hall,Ahmedabad. Chief Guest of the function was Dr. Jaynarayan Vyas and Dr.Chandan Chatterjee was the Guest of Honor.

The Textile Association (India) presented various awards during 80 Yearsanniversary celebration &conference to the eminent personalities who haverendered their services to The Textile Association (India) and in the textile industryin various fields with their outstanding professional and Technical Expertise.

Bhishma Pitamaha Award to Shri M. K. Mehra, Past President of TAI; ShriSuresh G. Vaidya, Trustee of TAI; & Shri D. G. Naik, Past President of TAI-AU

Professional Excellence Award to Shri Devraj R. Mehta,Past President ofTAI

Industrial Excellence Award to Shri Subhash Bhargava,MD - Colorant Ltd.

Technical Excellence Award to Shri Manjit Singh Saini, CEO & ExecutiveDirector, Paramount

Academic Excellence Award to Dr. Navin Sheth, Vice Chancellor, GujaratTechnological University; Prof. Parimal H. Vyas, Vice Chancellor, MSUniversity, Baroda & Prof. Ashwin Thakkar, HoD - Textile Technology, L. D.College of Engineering, Ahmedabad

Best Employee of TAI award to Shri Vithal Phondke, Office Manager of TAI-Central Office

Also Shri Hasmukhbhai S. Patel, Member of Parliament, Lok Sabha, Gujaratand the President of The Textile Association (India) – Ahmedabad Unit has beenhonored and felicitated him with the Memento by hands of Shri Ashish Bagrodia,Guest of Honour.

(ii) Election of new Office Bearers for the term 2019-2021 was conductedon 14th November, 2019 at Chandigarh. Following Office Bearers has beenelected.

President : Mr. Ashok Juneja Vice President : Mr. R. K. Vij

Chairman : Mr. V. D. Zope Vice Chairman : Mr. Ashok Veda

Hon. Gen. Secretary : Mr. Haresh B. Parekh Hon. Jt. Gen. Secretary : Mr. M. G. Patel

Hon. Jt. Gen. Secretary : Mr. S. Sivakumar Hon. Treasurer : Mr. Virendra Jariwala

(iii) 75th Platinum Jubilee All India Textile Conference

After its enormous success in 2001 & 2006, The Textile Association (India) –PHC Unit successfully organized 75th Platinum Jubilee All India TextileConference at Chandigarh on “Indian Textile Industry – A Paradigm Shift”on 15th & 16th November, 2019 at Hotel The Lalit, IT Park, Chandigarh which waswell attended and appreciated.

At the inaugural session, His Excellence Shri V.P.S. Badnore - Governor of Punjaband U.T. Administrator was the Chief Guest of the function. Shri Ashish Bagrodia– Chairman and Managing Director – Winsome Textile Industries Pvt. Ltd. wasthe Guest of Honor.

During the inaugural session The Textile Association (India) PHC Unit felicitatedShri Rajiv Garg MD, Garg Acrylics Ltd. with Industrial Excellence Award for hisoutstanding contribution to Textile Industry. Shri MukeshTyagi, M.D, BST TextileMills Pvt. Ltd., was awarded with Rising Entrepreneur Award by hands of ChiefGuest His Excellence Shri V. P. S. Badnore – Governor of Punjab and U. T.Administrator.

During the inaugural session The Textile Association (India) felicitated thepersonalities for the recognition of their Meritorious Services and significantcontribution to the Industry and the Association. (Dr.) P. G. Patil, Director, CIRCOT,Mumbai was conferred with Honorary F.T.A. for his significant contribution in theacademic field.

Mr. V. D. Zope has been awarded with Service Gold Medal (Instituted in memoryof Hon. Maj. R. P.Poddar), for the recognition of his services to the Association.Mr. K. K. Agarwal has been awarded with Service Memento (Instituted by Shri H.A. Shah) and Mr. Rajeshkumar J. Shah has been awarded with Service Memento(Instituted by Shri J. J. Randeri), for their services to the Association at Unit level.

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Also the Best Unit trophy was awarded to Delhi Unit from the group of largerUnits. There was no nomination received from smaller Unit having less than 1000member strength.

I heartily congratulate to all those dignitaries for their achievements and activeinvolvement in the association activities.

(8) Proposed Activities for Future:

76th All India Textile Conference which was scheduled to be organizedduring October 2019 by South Gujarat Unit at Surat has been postponed dueto pandemicCOVID-19. It is proposed to organize by Madhya Pradesh Unitat Indore during February 2021, if the situation is favourable normal, reviewwill be done in middle of January 2021.

The Covid-19 pandemic has caused widespread disruption to organizations largeand small, across the globe. The Textiles and Clothing Industry has been noexception to the pandemic shocks, leaving each of us crystal gazing andreimagining what the business ecosystem would look like in the era of socialdistancing, masks and sanitizers.

Let us all hope to get the situation normal at the earliest possible.

I am also thankful to all members, my TAI colleagues, Office Bearers of all Unitsand the Office Staff of the Central Office and Mumbai Unit for wholehearted supportand co-operation extended.

On behalf of the Governing Council.

[HARESH B. PAREKH]Hon. Gen. Secretary

Mumbai17th October, 2020.

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BHARAT MADLANIFCA

B. MADLANI & ASSOCIATESChartered AccountantsB/8, Nemi Krishna, Vasanji Lalji Road,Kandivali (W), Mumbai-400 067Tel.: 28086986 / 28086987E-mail: ca.bmadlani@gmail.com

STATUTORY AUDITORS’ REPORT FOR THE YEAR ENDED ON 31-03-2020

We have audited the attached Balance Sheet of THE TEXTILE ASSOCIATION (INDIA),CENTRAL OFFICE, Mumbai as on March 31, 2020 and also the Income and ExpenditureAccount annexed thereto for the year ended on that date. These financial statements arethe responsibility of the Association’s Management. Our responsibility is to express anopinion on these financial statements based on our audit.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation of these financial statements that give atrue and fair view of the financial position and financial performance of the Trust in accordancewith the Accounting Standards prescribed by Institute of Chartered Accountant of India(ICAI). This responsibility includes the design, implementation and maintenance of internalcontrol relevant to the preparation and presentation of the financial statements that give atrue and fair view and are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on ouraudit. We conducted our audit in accordance with the Standards on Auditing issued by theInstitute of Chartered Accountants of India. Those standards require that we comply withethical requirements and plan and perform the audit to obtain reasonable assurance aboutwhether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on the auditors’judgment, including the assessment of the risks of material misstatement of the financialstatements, whether due to fraud or error. In making those risk assessments, the auditorconsiders internal control relevant to the Trust’s preparation and fair presentation of thefinancial statements in order to design audit procedures that are appropriate in the

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ToThe Textile Association (India),Central Office,MUMBAI.

circumstances. An audit also includes evaluating the appropriateness of accounting policiesused and the reasonableness of the accounting estimates made by management, as wellas evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to providea basis for our audit opinion.

Opinion

In our opinion and to the best of our information and according to the explanations given tous, the financial statements give the information required by the Bombay Public Trust Actin the manner so required and give a true and fair view in conformity with the accountingprinciples generally accepted in India :

(a) in the case of the Balance Sheet, of the state of affairs of the Company as at March31, 2020 and

(b) in the case of the Income and Expenditure Account, of the Deficit for the year endedon that date.

Report on Other Legal and Regulatory Requirements

1. We have obtained all the information and explanations which to the best of ourknowledge and belief were necessary for the purpose of our audit.

2. To the best of our knowledge and belief, the attached Balance Sheet contains a trueaccount of the funds and liabilities and of the properties and assets of the Association.

3. The Balance Sheet and Income and Expenditure Account dealt with by this reportare in agreement with the books of account.

For B. MADLANI & ASSOCIATESChartered Accountants

(Firm Registration No. 115694W)Sd/-

B.M. MADLANI(Proprietor)

Membership No.100068

Place : MumbaiDate : 11th August, 2020

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The TextileCENTRAL OFFICE

BALANCE SHEET AS AT

FUNDS & LIABILITIES Current YearRs. P. Rs. P.

Trusts Funds or Corpus :

Balance as per last Balance Sheet 0.00Adjustment during the year (give details) 0.00 0.00

Other Earmarked Funds :

(Created under the provisions of the trustdeed of scheme or out of income)Depreciation Fund (Deducted per contra) 0.00Sinking Fund 0.00Reserve Fund 0.00Any other Funds (Schedule “A”) 21980247.22 21980247.22

Loans (Secured or Unsecured) :

From Trustees 0.00From Others 0.00 0.00

Liabilities :

For Expenses - (Schedule “B”) 1127260.00For Advances - JTA Advertisement 0.00For Rent & Other Deposit 150000.00For Sundry Credit Balances 0.00 1277260.00

Income & Expenditure Account :

Balance as per last Balance Sheet (2945220.94)Add : Surplus (Deficit) as per Income and (771548.84) (3716769.78)Expenditure Account

As per our report of even dateFor B. MADLANI & ASSOCIATES

Chartered AccountantsB.M. MADLANI

Proprietor

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19549737.44

Place : MumbaiDate : 11th August, 2020

Association (India)MUMBAI31ST MARCH, 2020

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FOR THE TEXTILE ASSOCIATION (INDIA), CENTRAL OFFICE

19549737.44

PROPERTY & ASSETS Current YearRs. P. Rs. P.

Immovable Properties : (At Cost)Balance as per last Balance Sheet 9192500.00Additions during the year 0.00Less : Sales during the year 0.00

Depreciation upto date 0.00 9192500.00

Investments : (At Cost)Note : The market value of the aboveinvestments is a Rs. 8130639/-(Schedule “C”) 8130639.00 8130639.00

Furniture & Fixtures & Other Fixed AssetsBalance as per last Balance Sheet 61348.00Additions during the year 0.00

61348.00Less : Sales during the year 0.00

Depreciation upto date (Schedule “D”) 8476.00 52872.00

Loans (Secured or Unsecured) Good/DoubtfulLoans Scholarship 0.00Other Loans 0.00 0.00

Inventories : (Schedule “E”) 400900.00 400900.00

Advances :To TrusteesTo Employees 238000.00To ContractorsTo LawyersTo Others (Schedule “F”) 15282.00 253282.00

Income Outstanding :Rent 0.00Interest 220363.00Other Income (Schedule “G”) 1144997.50 1365360.50

Cash & Bank Balances :(a) In Current/Savings/F.D. Accounts with Banks 153775.39

(Schedule “H”)(b) With the trustee 0.00(c) With the manager 408.55 154183.94

V. D. ZOPE HARESH B. PAREKH VIRENDRA P. JARIWALA Chairman Hon. Gen. Secretary Hon. Treasurer

The TextileCENTRAL OFFICE

INCOME & EXPENDITURE ACCOUNT

EXPENDITURE Current YearRs. P. Rs. P.

As per our report of even dateFor B. MADLANI & ASSOCIATES

Chartered AccountantsB.M. MADLANI

Proprietor

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2742367.00

To Expenditure in respect of Properties :Rates, Taxes, Cesses 27333.00Repairing / Society Maintenance 22899.77Brokerage - Rent 0.00 50232.77

To Establishment Expenses :(Schedule-I) 1825084.81

To Remuneration to TrusteesTo Remuneration (in case of a math) to the head of the

math, including his household expenditure, if anyTo Legal Expenses and Professional Fees 176300.00To Audit Fees 20000.00To Contribution and Fees 0.00To Amount written off :

(a) Bad Debts 0.00(b) Loan Scholarship 0.00(c) Irrecoverable Rents 0.00(d) Other Items 0.00 0.00

To Miscellaneous Expenses 3504.46To Depreciation 8476.00To Amount transferred to Reserve or Specific Funds 517850.00

(Provision for Gratuity)To Expenditure on objects of the Trust :

(a) Religious 0.00(b) Educational 0.00(c) Medical relief 0.00(d) Relief to Poverty 0.00(e) Other Charitable Objects (Schedule II) 912467.80 912467.80

To Surplus carrried over to Balance Sheet (771548.84)

Place : MumbaiDate : 11th August, 2020

Association (India)MUMBAIFOR THE YEAR ENDED ON 31ST MARCH, 2020

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FOR THE TEXTILE ASSOCIATION (INDIA), CENTRAL OFFICE

2742367.00

INCOME Current YearRs. P. Rs. P.

By Rent (accrued)(realised) 470360.00 470360.00

By Interest (accrued)(realised)

On Securities / Units / Bonds 184000.00

On Income Tax Refund 25460.00

On Bank AccountFixed Deposits (Gross) 431913.00S.B. Accounts 9377.00 650750.00

By Dividend 0.00

By Donations in cash or kind 0.00

By Grants 0.00

By Income from other sources(In details as far as possible)(Schedule III) 1621257.00

By Transfer from Reserve 0.00

By Deficit carried over to Balance Sheet 0.00

V. D. ZOPE HARESH B. PAREKH VIRENDRA P. JARIWALAChairman Hon. Gen. Secretary Hon. Treasurer

The Textile Association (India)CENTRAL OFFICE, MUMBAI

INCOME & EXPENDITURE ACCOUNT FOR THE YEAR

ENDED 31ST MARCH, 2020

SCHEDULES FORMING PART OF INCOME & EXPENDITURE ACCOUNT FOR THE

YEAR ENDED 31.3.2020

SCHEDULE-I

ESTABLISHMENT EXPENSES

Governing Council Conveyance & Travelling 721111.50Salaries & Bonus 777050.00Printing & Stationery 24754.00Postage & Courier Charges 10008.00Telephone Expenses 17396.53Office Welfare Expenses 44588.00Conveyance Charges 67155.00Bank Charges 4970.80Office Shifting Charges 13025.00Repairs & Maintenance 5500.00Electricity Charges 12680.00LIC and Mediclaim to staff 46418.00Professional Tax 5200.00Computer Expenses 10027.98Membership and Subscription 3000.00Printing of Annual Report 23200.00PPF to Staff 39000.00

1825084.81

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PARTICULARS Current YearRs. P. Rs. P.

SCHEDULE-II

EXPENDITURE ON OTHER CHARITABLE OBJECTS

Expenditure for Journal of Textile Association

Despatch Charges 42630.00Editors Remuneration 120000.00Printing Expenses 231398.60Publishers Commission 79373.00 473401.60

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PARTICULARS Current YearRs. P. Rs. P.

The Textile Association (India)CENTRAL OFFICE, MUMBAI

Expenditure for PAC

Honorarium Expenses 144098.00Meeting Expenses 14925.00Postage and Courier 14996.00Printing & Stationery 44067.00Opening Stock of Materials 428400.00Less: Closing Stock of Materials 400900.00 245586.00

Website Maintenance Charges

Website Advertisement Commission 12000.00Website Development Expenses 128500.00 140500.00

Award Expenses 52980.20

912467.80

PARTICULARS Current YearRs. P. Rs. P.

The Textile Association (India)CENTRAL OFFICE, MUMBAI

FOR THE TEXTILE ASSOCIATION (INDIA), CENTRAL OFFICE

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SCHEDULE-III

INCOME FROM OTHER SOURCES

JTA INCOME

JTA Levy 17050.00Conference Levy 25000.00JTA Advertisement 474600.00JTA Subscription 23340.00 539990.00

PAC INCOME

Sale of Syllabus & Study Material 76400.00Examination Fees 317000.00Award Fees 27500.00 420900.00

WEBSITE INCOME

Website Advertisement 255000.00

Conference Levy 400000.00

OTHER INCOME

Miscellaneous Income 5367.00

1621257.00

V. D. ZOPE HARESH B. PAREKH VIRENDRA P. JARIWALAChairman Hon. Gen. Secretary Hon. Treasurer

SCHEDULE FORMING PART OF

BALANCE SHEET AS AT 31-3-2020

SCHEDULE – “A”

EARMARKED & OTHER FUNDS

CENTRAL RESERVE FUND

Per Last Accounts 1733949.62Add : Entrance Fees Received during the Year 17956.00 1751905.62

LIFE MEMBERSHIP FUND

Per Last Account 7199447.60

Add : Received during the year

Life Membership Fees 108296.00Patron Membership Fees 33600.00LM to PM Fees 4400.00Corporate Membership Fees 125000.00 7470743.60

CONFERENCE FUND

Per Last Accounts 4388323.00Add : Transferred to General Reserve Fund 4388323.00 – –

GENERAL RESERVE

Per Last Account 8378275.00Add :Transferred from Conference Fund 4388323.00 12766598.00

21989247.22

PARTICULARS Current YearRs. P. Rs. P.

The Textile Association (India)CENTRAL OFFICE, MUMBAI

FOR THE TEXTILE ASSOCIATION (INDIA), CENTRAL OFFICE

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V. D. ZOPE HARESH B. PAREKH VIRENDRA P. JARIWALAChairman Hon. Gen. Secretary Hon. Treasurer

The Textile Association (India)CENTRAL OFFICE, MUMBAI

PARTICULARS Current YearRs. P. Rs. P.

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FOR THE TEXTILE ASSOCIATION (INDIA), CENTRAL OFFICE

SCHEDULE – “B”CURRENT LIABILITIES & PROVISIONS

JTA EXPENSES PAYABLEEditors Salary Payable 120000.00Publisher Commission Payable 9355.00Printing Expenses Payable 24419.00 153774.00

GENERAL EXPENSES PAYABLELegal & Prof. Fees Payable 20000.00Audit Fees Payable 20000.00Salary Payable 57500.00GST Payable 50570.00 148070.00

Provision for Gratuity 750000.00Membership Fees Payable to Units 74376.00TDS 1040.00

1127260.00SCHEDULE – “C”INVESTMENTS (AT COST)

8% GOVERNMENT OF INDIA TAX FREE BONDPer Last Account 2300000.00

IN FIXED DEPOSIT WITH UNION BANK OF INDIAPer Last Account 2864522.00Add : Reinvested during the year 3042239.00

5906761.00Less : Matured during the year (2864522.00) 3042239.00

BANK OF MAHARASHTRAPer Last Account 3250004.00Add : Invested During the Year 1013298.00

4263302.00Less : Matured During the Year (1475002.00) 2788300.00

SHARE CRTSTAL SOCIETYPer Last Account 100.00

8130639.00

V. D. ZOPE HARESH B. PAREKH VIRENDRA P. JARIWALAChairman Hon. Gen. Secretary Hon. Treasurer

PARTICULARS Current YearRs. P. Rs. P.

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FOR THE TEXTILE ASSOCIATION (INDIA), CENTRAL OFFICE

The Textile Association (India)CENTRAL OFFICE, MUMBAI

SCHEDULE – “D”

FURNITURES & FIXTURES

Per Last Account 18407.00Less : Depreciation @ 10% 1841.00 16566.00

REFRIGERATOR

Per Last Account 2684.00Less : Depreciation @ 15% 403.00 2281.00

COMPUTERS

Per Last Account 772.00Less : Depreciation @ 40% 309.00 463.00

FAX MACHINE

Per Last Account 405.00Less : Depreciation @ 15 % 61.00 344.00

AIR CONDITIONER

Per Last Account 15327.00Less : Depreciation @ 15% 2299.00 13028.00

TELEPHONE SYSTEM

Per Last Account 161.00Less: Depreciation @ 15% 24.00 137.00

MOBILE PHONE

Per Last Account 23592.00Less : Depreciation @ 15% 3539.00 20053.00

52872.00

V. D. ZOPE HARESH B. PAREKH VIRENDRA P. JARIWALAChairman Hon. Gen. Secretary Hon. Treasurer

The Textile Association (India)CENTRAL OFFICE, MUMBAI

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FOR THE TEXTILE ASSOCIATION (INDIA), CENTRAL OFFICE

PARTICULARS Current YearRs. P. Rs. P.

SCHEDULE – “E”INVENTORIES (AT COST)PAC Materials 400900.00(As Verified Valued and certified by Office Bearers)

400900.00

SCHEDULE – “F”LOANS, ADVANCES & DEPOSITSGST Input Credit 766.00GST Input Receivable 486.00Electricity Deposit – Crystal Plaza 2030.00Telephone Deposits 12000.00

15282.00

SCHEDULE – “G”OTHER INCOME OUTSTANDINGJTA Advertisment Dues 243068.50

TDS ReceivableTax Deducted at Source (Y.E 2015-16) 227191.00Tax Deducted at Source (Y.E 2016-17) 132485.00Tax Deducted at Source (Y.E 2017-18) 191212.00Tax Deducted at Source (Y.E 2018-19) 148810.00Tax Deducted at Source (Y.E 2019-20) 127935.00Tax Deducted at Source (Y.E 2020-21) 75296.00 901929.00

1144997.50SCHEDULE – “H”BANK BALANCESBALANCE IN SAVING ACCOUNT WITH BANKThe Cosmos Co.op Bank Ltd. 22920.80ICICI Bank Ltd. 13027.42Bank of Maharashtra 117827.17

153775.39

V. D. ZOPE HARESH B. PAREKH VIRENDRA P. JARIWALAChairman Hon. Gen. Secretary Hon. Treasurer

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NOTICE

Notice of Special General Body meeting.

Special General Body of The Textile Association (India) will be held on Saturday, 19th December2020 by Video Conferencing on Zoom at 12.00 p.m. to consider following amendment in rulesand regulations in the constitution of The Textile Association (India) recommended by theGoverning Council Members in the Governing Council meetings held on 19th December 2013,26th January 2017, 15th April 2017, 19th August 2017 & 1st February 2018.

Recommended Changes

Apart from the presently approvedtravelling fare and considering the timeand expenses of travelling and stay, It wasresolved in the Governing Council meetingheld at Surat on 19th Dec.2013 that theelected Governing Council members fromunits shall be paid travelling & incidentalexpenses to attend Governing CouncilMeeting. They will get Rs.3000/- (RupeesThree Thousand only) from Central Officeand the equal amount of Rs.3000/-(Rupees Three Thousand only) will be paidby respective unit. This recommendedchange will be applicable from 1st January2014. The Central part is paid only to theGC Members of Unit’s whose audited/approved annual Balance Sheet Reportreceived by the Central Office.

It was discussed in VI th GoverningCouncil meeting held at Delhi on19th August 2017, Keeping the currentcase of aggrieved members contention aswell as the judgment of the civil court ,it isresolved to follow the rule No. 80 asunder:

Bar of jurisdiction :-

“Save as expressly provided in this Act,

Existing Rules & Regulation

The elected Governing Councilmembers from units shall be paid50% of IInd A/c sleeper orRajdhani second A/c sleeperreturn railway fare for attendingGoverning Council meeting fromhis place of residence to theplace of meeting and the balanceshall be paid by the unit at itsdiscretion. Whereas full IInd A/csleeper or Rajdhani second A/csleeper railway fare will be paidto all co-opted members, specialinvitees. A unit represented by asingle Governing Councilmembers will also be paid IInd A/csleeper or Rajdhani second A/csleeper railway fare, provided theunit sends its audited Annualstatement of Accounts & Balancesheet every year.

AGENDA

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THE TEXTILE ASSOCIATION (INDIA)CENTRAL OFFICE

(Registered under the Society’s Registration Act XXI of 1860 and under Bombay Public Trust Act XXIX of 1950)Vishnu Prasad Building, Room No. 1, Opp. Ovenfresh, Shivaji Park, Dadar (W), Mumbai - 400 028

Tel: 022-24461145/24474971, E-mail: taicnt@gmail.com Website: www.textileassociationindia.org(Subject to Mumbai Jurisdiction)

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no Civil Court shall have jurisdiction todecide or deal with any question whichis by or under this Act to be decided ordealt with by any officer or authority underthis Act, and in respect of which thedecision or order of such officer orauthority has been made final andconclusive.”

TAI, President informed all GoverningCouncil Members that as per the recentamendment approved by AGM all matersagainst TAI can be only referred toCharity Commissioner, Mumbai as perthe guidelines of Maharashtra Publictrust Act. It was also resolved to formGrievance Cell as per the decision takenat Governing Council Meeting held atBhopal on 26th January 2017.

It was unanimously approved by membersof Governing Council at the GoverningCouncil meeting held at Bhopal on 26th Jan2017 that The Textile Association (India)constitute a ”Grievance Cell” so that anyissue pertaining to complaint, grievance/appeal can be addressed by the cell andthe report of the grievance cell can beplaced before the Governing Council fortaking suitable decision/action withfollowing members:

Member Trustee of the Textile Association(India) –Central Office - 01Unit President – any - 01Current President of the Textile Association(India) – Central Office - 01

The Grievance Cell will function as perfollowing terms & conditions.

Grievance Cell will be active for threeyears, new grievance Cell will be formedafter completion of duration.

Grievance Cell can review eachgrievance received and put forth theirfinding with recommendation to GoverningCouncil.

Expenditure regarding conducting inquiryand review the grievance will be takencare by TAI Central Office.

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Any grievance /complaint /appeal will beaddressed within three months andfindings shall be placed before theGoverning Council during immediate nextGC meeting. The Member’s grievancesshould be submitted through theirrespective Unit only.

Regarding the procedure for the Electionof President & Vice President, it wasresolved in the Vth Governing Councilmeeting held at Coimbatore on 15th April2017 that second copy of filing nominationpaper will be marked to Returning Officer/Central Office”. At Central office boxshould be created with lock and key andall the letters arriving should be properlymarked and should be entered into aparticular register. Office Manager will betotally responsible for the safety andmaintaining procedure properly during theelection process. It is also advised that allthe units must send nomination papers 2/3 days in advance by courier or post inorder to avoid any unforeseen delays. It was resolved in 1st Governing CouncilMeeting held at Nagpur on 1st February2018, to have Corporate membership ofRs.15000/- (existing) instead of twomembers there will be four people’srepresentatives to attend the TAI events.They do not have voting rights as perBye laws.

It was resolved in 2nd Governing Councilmeeting held at Indore on 23rd June 2018that instead of one GC Member for every400 additional new TAI members in a TAIUnit, 1(one) governing council member ispermitted for every 500 new additional

Corporate Membership

This membership will be open tothe Textile units, Fibremanufacturers, Textile machi-nery manufacturers, Dyes,Chemicals and Auxiliarymanufacturers etc., connectedwith the Textile Industry andTextile Research Institutions andLaboratories. The CorporateMembership shall be for tenyears and its fees shall be asper bye-laws. Such Corporatemembers will have a right todepute two persons forparticipating in the activitiesorganised by the Association.Such Nominees will enjoy all thefacilities of Life Membership.

For every 400 members strengthof affiliated unit on 1st April, therewill be one representative subjectto maximum representative fromany unit shall not been excee-ding to Eight. In calculating such

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members. This will be effective after theexisting duly elected term of 2019-21 only.

Regarding classification of TAI as an Asso-ciation or Trust as required by the IncomeTax authorities, the Governing CouncilMembers resolved in the 2nd GoverningCouncil meeting held at Indore on 23rd June2018 that being a non-profitableorganisation The Textile Association (India)will continue as an Association instead ofTrust as advised by TAI’s Auditors M/s. B.Madlani & Associates.

It was resolved in the 1st GoverningCouncil meeting held at Nagpur on1st Feb.2018, The Immediate Past Presidentwill be entitled to get allowance and invitedto attend Governing Council meetingHowever, if required the presentPresident/Hon. Gen Secretary can(witha consent of the Office Bearers) invite any Past President as a ‘Special Invitee’.All the allowances and fare will be paidas per the rules and regulation of theAssociation.

representative, fraction exce-eding to 400 members up to nextslab of 400 members shall beignored.

The respective affiliated unit willelect one member less as arepresentative to GoverningCouncil and the Hon. Secretaryof the respective unit shall beautomatically become the memberof the council and represent theunit in the Governing Council. Incase the unit has only onerepresentative on the GoverningCouncil, its Hon. Secretary shallrepresent on the GoverningCouncil. In his absence hisrepresentative will attend themeeting of the Governing Councilprovided Managing Committee ofthe respective unit has soauthorised his to attend.

The Governing Council may at itsdiscretion to co-opt not more thantwo members. In addition to thisthe Chairman of the OfficialCommittees constituted as perbye-laws shall be co-opted in theGoverning Council. If they are notthe members of the GoverningCouncil. Moreover, all PastPresidents of the TextileAssociation (India) will be specialinvitees in the Governing Councilmeetings. All co-opted membersand special invitees as saidabove will have the same statusin the Governing Council as theelected members except votingrights.

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