Wednesday, June 14, 2017

Important decisions were taken at the annual general meeting of the Council to promote the export of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) India, which took place on December 20, 2016, according to a report gjepc.org.
In addition to the approval of changes in its code of ethics needed to complete the integration process GJEPC as a member of the World Federation of Diamond Bourses (WFDB), the meeting was also approved the establishment of the Disciplinary Board of Trade (Trade Disciplinary Committee, TDC), together with the Indian Diamond Exchange (Bharat diamond Bourse, BDB) and the Association of diamond dealers and diamond Bombay (Mumbai diamond merchants Association, MDMA) .
The TDC, which consists of 21 members, will consider the issues of illegal activities related to trafficking in precious stones and jewelry, classified as fraud, as well as to transactions with undisclosed synthetic diamonds. Discussions will also be false and incorrect marking of precious stones and jewelery; non-compliance and / or violation of business practices (including financial disputes), customs and ethics; questions relating to the bankruptcy of persons in the trade; and other problems that are related to the field of TDC activity, and that the new body jewelry industry sees fit to discuss.
Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) also proposes to use the demonetization as an opportunity to gems and jewelery industry of India was able to work in an organized manner and to introduce a system of non-cash payment.
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1 comment:

Pearl Necklace said...

The Annual General Meeting of Shareholders of "ALROSA" (PAO) will be held June 30, 2016. The company said this in a press release issued on Thursday. ALROSA's Supervisory Board at the last meeting of the recently adopted the agenda of the Annual General Meeting of shareholders, which, inter alia, included: approval of the annual report and annual financial statements; distribution of profits, approval of the amount of the order, the method and timing of payment of dividends on shares of the company; Election of members of the Supervisory Board and the Audit Committee of ALROSA; approval of auditors.
In particular, the Supervisory Board approved the recommendations on the distribution of the net profit of the company for 2015. It recommended to the shareholders to pay dividends 15.382 billion rubles, at the rate of 2.09 rubles per share with par value of 50 cents. The date on which define the persons entitled to receive dividends is 19 July 2016.
ALROSA Supervisory Board recommended the AGM to approve the joint-stock company "PricewaterhouseCoopers Audit" as the auditor for the 2016 financial (accounting) statements of ALROSA, prepared in accordance with Russian law, and the consolidated financial statements of ALROSA Group prepared in accordance with IFRS.
The list of persons entitled to participate in the Annual General Meeting of shareholders of ALROSA, which will be held at the Republic of Sakha (Yakutia), Mirny str. Lenina, 6, drawn up on the basis of the company's register of shareholders as of May 12, 2016.