FBCCI tribunal rejects petition For cancelling June 12 EGM
Star Business Report
The FBCCI arbitration tribunal has rejected a petition filed by a general member who challenged the notice to hold extraordinary general meeting (EGM) on June 12 and sought an injunction on the notice. "The petition is rejected," said Abdul Awal Mintoo, president of FBCCI and chairman of the tribunal, in the order. "The petitioner may take recourse to law if he so desires." He said since direction has been issued by the government to amend the FBCCI Memorandum of Articles of Association and the federation has to convene an EGM to do that, the tribunal is of the opinion that "it should not interfere in the matter." Mohammad Jalal Uddin, a member of the FBCCI, filed the petition and served a legal notice on this matter to the Director of Trade Organisation, FBCCI president and the joint secretary of commerce ministry who issued the order on May 17. The commerce ministry earlier directed the FBCCI president to incorporate a clause in its Memorandum of Articles of Association that would enable the members of its board to remove the president or the vice-president if their conducts are deemed as detrimental to the interest of the federation. Following the ministry directive, a board meeting of the FBCCI on May 21 decided to hold an EGM on June 12.
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