Pharmexcil’s ‘CoA’ elections to be held on 24 March 2014

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The much delayed elections to 16-member Committee of Administration (CoA) of the Pharmaceuticals Export Promotion Council of India (Pharmexcil), will be held between 22-24th of March 2014.

Before that the e-mail ballots will be sent to all the enrolled candidates on 21st March 2014. The candidates will be allowed to vote using electronic voting system till 5.30 pm on 24th March and the counting and declaration of results will also be completed by evening on the same day. Interested members from the pharma, biotech and other related sectors should file their nomination on or before 14th March 2014. On the same day the council will announce the names of the contesting candidates. Last date for withdraw of nominations is 20th March 2014.

In fact the council was expected to conduct elections for its administrative body in August 2013, but as the Ministry of Commerce intervened and suggested several changes in the composition of CoA and criteria of elections, the council postponed the election schedule to December 2013.

But again the changes in the rules for elections and broadening of CoA required some amendments to the Articles of Association, because of which the council had sought some time. Now in a recently held general meeting on 12-02-2014 the council has approved all the amendments and has finally notified the election schedule in March 2014.

“As suggested by the Commerce department, the Pharmexcil has made necessary changes accordingly and all the statutory requirements are in place to hold the elections during March 2014. We invite all the members’ pharma and biotechnology to enrol as ordinary members and participate in the voting to chose the right candidates for CoA,” informed Raghuveer kini, Executive Director, pharmexcil.

It is expected that the elections for entire CoA having 16 seats will be held in the 3rd or 4th week of March 2014. So far council has already enrolled 600 members as voters or contestants in the elections. The enrolment process is still continuing and the council is seeking more members from the pharma, biotechnology and Ayush to register and become eligible voters for electing CoA members.

The main eligibility criteria for the companies to become ‘Ordinary Member” is that, the members should have at least completed three years membership with the Council and should have been renewed their membership for the year 2013-14. Moreover the member companies should also have had at least Rs.  25 lakh as its export turnover and in case of SSI units, an export turnover of Rs. 10 lakhs is mandatory to be registered. Elections will be held through electronic voting system, for which the members should send in their authorized e-mail IDs to whom electronic voting link will be sent for exercising voting.

The members can enroll themselves online as ordinary members till 10th March 2014.

Source: PharmaBiz


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