AGM Notice and Agenda

INDIAN SINGERS' RIGHTS ASSOCIATION

2208, Lantana, Nahar Amrit Shakti, Chandivali, Andheri (E), Mumbai 400 072


NOTICE


NOTICE is hereby given that the Meeting of the General Body of the Society will be held at "Mainland China", Near Infinity Mall, Andheri Link Road, Andheri (W), Mumbai 400 053 on Monday, 29th September, 2014 at 3 pm to transact the following business:

ORDINARY BUSINESS:


  1. To receive, consider and adopt the Audited Balance Sheet as on 31st March 2014, Income and Expenditure Account for the year ended on that date, together with Reports of Directors and Auditors thereon, as approved by the Board of Directors /Governing Council for the period ending 31st March, 2014
  2. To appoint a Director in place of Mr. Sonu Nigam (DIN: 01255528) who retires by rotation and is eligible for re-appointment.
  3. To appoint a Director in place of Mr. Suresh Wadkar (DIN: 02328736) who retires by rotation and is eligible for re-appointment.
  4. To appoint a Director in place of Mr. Sanjay Tandon (DIN: 05317473) who retires by rotation and is eligible for re-appointment.
  5. To consider and, if thought fit, to pass with or without modification(s), the following resolution as an Ordinary Resolution:-

    "RESOLVED THAT M/s. Kothari Mehta & Associates, Chartered Accountants, Mumbai, being retiring Auditors of the Company, be and are hereby re-appointed as Auditors of the Company to hold the office from the conclusion of the ensuing Annual General Meeting until conclusion of the sixth Annual General Meeting, on such fess as may be determined by the Board of Directors in consultation with the Auditors, in addition to reimbursement of service tax and all out of pocket expenses in connection with the audit of the Accounts of the Company."

  6. SPECIAL BUSINESS:

  7. To receive, consider and adopt the Budget Estimates along with programme of action as approved by the Board of Directors/Governing Council for the year 2014-15.
  8. To place the following documents for being received, considered and approved by the members of the Society:
    1. The Register of Performer's and Other Owners of Performer's Right maintained by ISRA as provided in Rule 64(i) of the Copyright Rules, 1958 together with an up-to-date list of the Performers and other Owners of Performer's Rights for which ISRA has been authorized to issue or grant licenses that are so recorded in the said Register.
    2. The Tariff Scheme and the Distribution Scheme or any other Scheme including the decision of the Copyright Board on the said Schemes, if any
    3. The agreements if any entered with foreign copyright societies under Section 34(2) of the Copyright Act, 1957
    4. Any changes made in the instrument of registration of ISRA

By order of the Board/Governing Council

For The Indian Singers' Rights Association


Sd/-


Sanjay Tandon

Managing Director


Place: Mumbai

Date: 30th August, 2014


Notes:

  1. The relative Explanatory Statement, pursuant to Section 102 of the Companies Act, 2013, in respect of the business under Item Nos. 6 & 7 is annexed hereto.
  2. The Register of Members of the Company will be closed from Saturday, 20th September, 2014 to Saturday, 27th September, 2014 (both days inclusive).
  3. In case of deceased Members, their respective legal heirs will be entitled to participate and vote at the Annual General Meeting.
  4. Members desirous of obtaining any information concerning accounts are requested to send their queries to the registered office of the company at least seven days before the date of the AGM. In case of receipt of query at any time less than seven days before the AGM, such query will not be answered at the AGM but will be dealt with separately by the Company.
  5. Members are requested to notify the Company about their change of address, if any.

Corporate Office

413, Samarth Vaibhav, New Link Road, Lokhandwala, Andheri (W), Mumbai 400 053
Tel : 022 667 14666
Email : info@isracopyright.com
Website : www.isracopyright.com

Explanatory Statement

(Pursuant to the provisions of Section 102 of the Companies Act, 2013)

As required by Section 102 of the Companies Act, 2013, (hereinafter referred to as "the Act") the following Explanatory Statement sets out all material facts relating to the business mentioned under Item Nos. 6 & 7 of the accompanying Notice dated 30th August, 2014.


Item No. 6: Budget Estimates

As per Copy Right Rules 2013, and Articles of Association of the Society the Budget Estimates and the action programme is to be placed before the members of the society for their approval. The Board after consideration of the practicalities, opposition to the acceptance of rights by users, and many anticipated legal matters presents the Budget Revenues and Expenditure for the year 2014-2015 together with the action programme is as follows:


Particulars Rs. Rs.
     
Expenses    
Meeting Expenses 500,000.00  
Travelling Expenses 1,000,000.00  
Legal Expenses 1,500,000.00  
Salary 750,000.00  
Staff Welfare    
Website Expenses 100,000.00  
Repairs & Maintenance 30,000.00  
Telephone Expenses 120,000.00  
Printing & Stationery 100,000.00  
Postage Expenses 60,000.00  
Books & Periodicals 10,000.00  
Electricity Expenses 60,000.00  
Conveyance 60,000.00  
Entertainment 50,000.00  
Office Rent 600,000.00  
    5,000,000.00

The above expenses shall be met 1st from any Royalties collected from Users during the year. Any shortfall will be met by the Members through individual contributions


The Programme of Action for 2014

1. Increase Membership
2. Extend relations with Foreign Societies
3. Start Licensing activities by particularly licensing Radio, TV & Mobile

Item No. 7: Documents to be presented in the annual General Body meeting:


As per Copy Right Rules 2013, and Articles of Association of the Society and in order to have transparency in the management of the activities, following documents are presented in the annual general meeting and placed before the members of the society for their consideration and approval.
  1. The Register of Performer's and Other Owners of Performer's Right maintained by ISRA as provided in Rule 64(i) of the Copyright Rules, 1958 together with an up-to-date list of the Performers and other Owners of Performer's Rights for which ISRA has been authorized to issue or grant licenses that are so recorded in the said Register.
  2. The Tariff Scheme and the Distribution Scheme or any other Scheme including the decision of the Copyright Board on the said Schemes, if any
  3. The agreements if any entered with foreign copyright societies under Section 34(2) of the Copyright Act, 1957
  4. Any changes made in the instrument of registration of ISRA.

By order of the Board/Governing Council

For The Indian Singers' Rights Association


Sd/-


Sanjay Tandon

Managing Director


Place: Mumbai

Date: 30th August, 2014