MMA – ACSYS INVESTMENTS PVT LTD CSR ACTIVITIES A BRIEF CONCEPT NOTE
The education sector in India has evolved substantially over the years. Constitution guarantees free and compulsory education to all children up to the age of 14 years. We have made remarkable progress towards universalizing primary education. However, learning outcomes are poor: Only 35% of students in the 9th and 10th grades of government and private schools are able to read at a level expected of 4th grade students. Current attempts to address this unsatisfactory outcome mostly focus on improving primary education in government schools. The primary years are when children learn critical pre-literacy and pre-numeracy skills that lay the foundation for their future, but focus at these levels are not satisfactory. Low learning outcomes, at both primary and secondary levels, have always plagued our education system. Reasons: Lack of human resources, lack of adequate training and capacity building, lack of awareness regarding the importance of early years with regard to education, etc. There is an urgency to help children, especially first generation learners, develop school readiness through a good quality early childhood education programme. A viable strategy is required to close the learning gap, improve equity in continuous learning, and achieve full developmental potential among today’s children.
It is also important for schools to equip students with skills required in the job markets of tomorrow. Developing scientific temper among children is another aspect which requires attention. In other words, a systematic career guidance is essential; however, this does not happen in grade 10 through one test and report given to the child, rather it has to be developed over a period of 3-5 years where one needs to work with the child on goal setting, understanding themselves and their aspirations while cultivating their ambition and drive. The majority of private schools in India are small-scale, have budget facilities and charge low fees, but are seen by many parents as a better alternative to government schools. Since the pandemic and the lockdown, the job market has been ravaged, resulting in shrunken economic prospects for many sections of the population. India’s large force of daily-wage labourers is the worst hit. This has also affected several budget schools, who find themselves robbed of their crucial fee income. Low-fee schools have also seen a significant impact on revenue due to examination postponement and widespread nonpayment of fees for this period. Apart from the financial problems, schools are also struggling to conduct online classes, which remain the primary mode of tuition as educational institutes remain shut down on account of the pandemic. Since the students are from the low- and middle-income groups, they do not have access to laptops, cellphones or (mobile) data in their home. It is our endeavour to step in and make a change, revive and transform these schools to facilitate the required productive interventions for improved learning outcomes of students.
Our main focus is on improving the quality of education through our intervention and support, making good education accessible and affordable, especially to the budget, privateaided schools. Other than providing a complete solution to the affordable private schools, we would also like to support the schools financially for improving learning facilities, enhancing teaching-learning tools, and supporting deserving students with scholarships. In this context, we seek your support to ensure that quality education is made available to young bright students irrespective of their socio-economic conditions. The performance of individual schools will experience optimum growth. The overall impact will result in better student enrolment, measurable learning outcomes, teacher’s professional growth and parent’s satisfaction. We strongly believe that education is the best equalizer to support the lower strata of the society. The area of focus is indicated in the Annexure.
TABLE OF CONTENTS Sl.No
Details
1
About Madras Management Association
Annexure 1
2
Common Questionnaire to the School
Annexure 2
3
P.S. Higher Secondary School (Boys), Mylapore
Annexure 3
4
Lady Sivaswami Ayyar Girls HSS (LSGHSS),
Annexure 4
Mylapore 5
Vedavalli Vidyalaya School, Ranipet
Annexure 5
6
MMA – CSR activities in Education
Annexure 6
Area of Focus 7
Provisional Annual Budget
Annexure 7
8
Documents Relevant to MMA
Annexure 8
MMA Management Center 240 Pathari Road Chennai 600 006
Madras Management Association
044-28291133
Madras
mma@mmachennai.org
Management
Association
(MMA)
was
established
in
1956 with the objective of promoting management education, training and development activities in this part of the country.
The vision of MMA is: “To be the fountainhead of world-class management excellence in India.”
With over 8000 corporate houses, professionals, academics and executives as members, MMA fosters and nurtures management expertise by combining Indian ethos with global management thoughts and practices. Every year, MMA organizes about 750 executive
development
activities,
including
seminars
for
top
management. Over 59,000 executives and entrepreneurs have participated in MMA’s regular events.
Madras Management Association is the largest affiliate member of
All
India
Management
Association
(AIMA).
It
has
been
adjudged the Best Management Association in India by AIMA for
eleven
Award”
for
times
in
a
the
year
row.
It
2019-20.
won
the
MMA
“National
has
local
Excellence chapters
in
Ambur, Attur, Erode, Hosur, Namakkal, Salem, Sri City, Trichy and Puducherry.
Apart from corporate leaders, MMA Managing Committee also includes as members the Vice Chancellors of Madras University and Anna University, the Directors of IIT Madras and IFMR, and the Chief Secretary of Government of Tamil Nadu.
F O U N T A I N H E A D
O F
E X C E L L E N C E
Common Questionnaire to the School Scholarship Support to Bright Students from your School - Class VIII, IX and X
a. A brief note about the School indicating the following Date of Establishment Number of Children Studying in the School Is it Government Aided Medium of Instruction The Fee Structure Average Income of the Parents Is it Co-Educated – for both boys and girls
b. Number of Children Studying in Class VIII, IX and X c. Performance of the School in Class XII Board Exam d. How do you propose and recommend to identify bright young students as a beneficiary – any process available at present. e. Is there any scheme at present to support bright students and how it is done presently? f. Sports activities, indicate achievement and how can we support Students under the Scholarship scheme g. Is there any donor support at present? h. Please recommend how do we support the students under the Scholarship Scheme – For ex. Subsidised Fee, Technology Support like Laptop etc., Special Coaching Classes on area chosen like, Communication Skill, Ethics and Honesty, Entrepreneurial Development, Leadership Skills, Team Building and more.
P.S.HR.SEC SCHOOL , MYLAPORE ,CH‐4 Sub: Scholarship Support to Bright Students from P.S. Higher Secondary school – Class VIII, IX and X th This has reference to your mail dated 27 November 2020. Our reply is as under:
a) A brief note about the School indicating the following Date of Establishment : 13th Jan .1905 Number of Children Studying in School : 942 Is it Government Aided : Yes, It is a Govt. Aided School Medium of Instruction : Tamil & English The Fee Structure : Nominal fees is charged from the students. The fee structure as follows. Std. VI-X – Rs.3160/Std. XI & XII – Rs.4160/-(Non-Computer Group); Std. XI & XII – Rs.6160/-(Comp.Sci & Comp. Appns.) Average Income of the Parents : Average Income of the Parents is around 6,000/-pm(Annual Rs.72,000) Is it Co-Educated – for both boys and girls : It is a boys’ school. b) Number of Children studying in class VIII,IX and X : 447 c) Performance of the school in class XII Board Exam : 96.2% passed. d) How do you propose and recommend to identify bright young students as a beneficiary – any purpose and process available at present : The bright students are identified based on their performance in the Board and Annual exams. e&f) Is there any scheme at present to support bright students and how it is done presently? Yes , the students are supported by the school through scholarship. Rs.1.5 lakh was received from the Trust and it has been distributed to 40 students of VII – XII. g) Sports activities , indicate achievement and how can we support students under the scholarship scheme – Our students have been excelling in games like volleyball, throwball and in Track events. They are representing at the State as well as National level conducted by the SGFI and Reliance Sports Foundation. h) Is there any donor support at present ? Yes, the students are supported through a few donors.
i) Please recommend how do we support the students under the Scholarship scheme : We recommend the following ways to support our students and the School: i) To support our student with contribution for their fees. ii) Providing the school with five nos. Laptops, which would be useful for being used in class rooms with SMART Boards. ii) PSIMAC has been arranging Talks on Culture and Heritage for Senior classes (XI & XII). So classes on Communications skills, Entrepreneurial Development, Leadership Skills & Team Building will be very much useful to our students. j) List of students is also attached (Annexure – I)
Dr.K.V.S. Gopalakrishnan Hony. Secretary & Correspondent P.S. Higher Secondary School No.215, Ramakrishna Math Road, Mylapore, Chennai – 600 004.
P.S.HIGHER SECONDARY SCHOOL,MYLAPORE,CH-4
1 VIGNESHWARA PERUMAL P
SEC
S. NAME NO
CLASS
LIST OF STUDENTS FOR MMA SCHOLARSHIP FOR THE YEAR 2020-2021 FATHER'S NAME
VIII A K PALANI
Annual Income
School Fees (Rs.)
FRUIT SELLER
6/17,JUSTICE SUNDARAM ROAD,MYLAPORE,CH4. 7305896358
60000
3160
84000
3160
MOTHER'S NAME
Address & Phone Number Occupation
GUNASUNDARI
Annexure - 3
2 ABISHEK G
VIII A M GOPALASAMY
G PANEERSELVI
SECURITY
1/230,PILLAIYAR KOIL ST,THURAIPAKKAM,CH97. 9150874481
3 DEEPAK B
VIII A A BHUVANESHWARAN
S SUBBULAKSHMI
DRIVER
11/32, NARAYANASAMY THOTTAM,1 ST,R.A PURAM,CH-28. 9940117714
60000
3160
K SUMATHI
LABOUR IN PRINTING PRESS
99,GANESAPURAM,BALKRISHNA CROSS ST,MYLAPORE,CH-4. 7299103078
60000
3160
COURIER SERVICE
6111,KANNAGI NAGAR,OKHIYAM THURAIPAKKAM,CH-97. 9791131250
96000
3160
72000
3160
4 SOMASUNDRAM K 5 MADHAVAN M
VIII A K KUMAR VIII A M MANIKANDAN
M KANAGAVALLI
6 BARATH KUMAR V
VIII B K VENKATESAN
V ANANDHI
BARBER
14/24, ARUNACHALPURAM MAIN ROAD,ADAYAR,CH-20. 7550047314
7 AJAY S
VIII B S SELVA KUMAR
SRIDEVI
SECURITY
25,Q BLOCK SIVARAMAN ST,MANDAVELI,CH-28. 9790741516
72000
3160
AUTO DRIVER
25,A BLOCK P.M DARGA, LLYODS ROAD,TRIPLICANE,CH-5. 9941174912
50000
3160
AUTO DRIVER
15/13.SKP PURAM,Ist ST,GREENWAYS ROAD,CH28. 9840743616 1,00,000
3160
72000
3160
72000
3160
1,20,000
3160
8 NAVEEN KUMAR G 9 SAKTHESHWAR S
VIII B C GNANAVEL VIII B S SARAVANAN
G ANNAPOORNI S RADHA
10 ROHAN B
VIII B S BALAJI
B MEENA
PLUMBER
23 M BLOCK A M GARDEN,MANDAVELLI,CH-28. 9841637386
11 JAIKRISNAN B
IX
B SATHYA
AUTO DRIVER
64/2,NADU SUBRAMANIYAM ST,MYLAPORE,CH4 9499918395
12 SRIRAM N
IX
A R BALAJI A M NATARAJAN
N UMA MAHESHWAR TAILOR
14,MARUTHI FLATS,CHITRAKULAM NORTH ST,MYLAPORE,CH-4. 9551418707
60000
3160
13 DEEPAK A
IX
A B ASHOK KUMAR
A SAROJINI
AUTO DRIVER
149RANGANATHAPURAM,INDIRA NAGAR,CH20. 9841817376
14 SANTHOSH B
IX
A BASKAR
B GRARTHI
COMPUTER OPERATOR
37 BAZZAR ROAD,I LANE,MYLAPORE,CH-4. 9940416672
96000
3160
15 GOUTHAM S
IX
A C. S SATHISH KUMAR
S SELVI
PUNCTURE SHOP
NO.48, A2 BLOCK,P.M DARGA,TRIPLICANE,CH05. 992099803
48000
3160
OA
NO.50/1,4TH ST,PNK GARDEN,MYLAPORE,CH04. 9791007473
190000
3160
16 SATHISH KUMAR S
IX
A SASIKUMAR
S AMALA
CLASS
17 MANOJ M
IX
18 SAICHARAN M
IX
SEC
S. NAME NO
FATHER'S NAME
B R MANI B E MURALI
MOTHER'S NAME
Address & Phone Number Occupation
M KOMALA M KUMUDHA
Annual Income
School Fees (Rs.)
TEA SHOP
NO.9/1,PERIYAR SALAI,ELDAMS ROAD,TEYNAMPET,CH-18. 9840743160
60000
3160
IRON WORK
NO.7/9,H BLOCK,KOTTURPURAM,CH-85. 9444676712
50000
3160
120000
3160
19 AKASH I
IX
C V IYYAPAN
I MANJULA
CAR DRIVER
NO.15,SHANMUGA PILLAI ST,GANDHI NAGAR,MYLAPORE,CH-04. 9003094878
20 PONMANISHWARAN J
IX
C P JAYAKUMAR
J KAVITHA
SWEET SHOP
NO.30/2,NAIYANAR ST,MYLAPORE,CH-04. 9941849688
72000
3160
MAYAT
WELDING
NO123A,RANGANATHAPURAM,INDIRANAGAR,C H-20 9566007585
50000
3160
RANI S
VEGETABLE VENDOR
44/101,NAIDU ST,KOTTUR,CH-85 9025898105
60000
3160
48000
3160
21 MONISH RAJ T 22 ALAGAPPAN S
X X
A THAMBUSAMY A SARAVANAN S
23 PANDIDURAI M
X
A P MUTHU
M ALAGI
CLEANER
66/11 KUTTY GRAMINI ST, R.A PURAM,CH-28 9176738656
24 KISHORE P
X
A C PALANIVEL
P JANAKI
GURUKAL
NO 28/7 KESAVA PERUMAL SANNATHI ST,MYLAPORE,CH-4 9841661524
48000
3160
HOUSE KEEPING
P BLOCK 2 A M GARDEN,MANDAVELLI,CH-28. 7401133624
48000
3160
60000
3160
25 ANAND M
X
A S MUTHU
M GIRIJA
26 PRAVEEN P
X
B P PALANI
P RAJALAKSHMI
AUTO DRIVER
NO17/31,SHANMUGAPURAM,R.A PURAM,CH28 8925067554
27 SANJAI KAMESH S
X
B G SAMPATH
V VIJAYALAKSHMI
MECHANIC
2/2, 16TH CROSS ST,INDRA NAGAR,ADAYAR,CH20 9710461356
60000
3160
28 MANOJ KUMAR R
X
B N RAMAMOORTHY
R VIJAYALAKSHMI
MECHANIC
35/8 KAMARAJ ST,THIRUVALLUVAR ROAD,TEYNAMPET,CH-18
60000
3160
PAINTER
15, ARIMUTHU ACHARI SLUM AREA,TRIPLICANE,CH-15. 9940359344
48000
3160
60000
3160
29 KISHORE B
X
B P BALAJI
B LATHA
30 SANJAY S
X
B M SHANKAR
S MANGAYAKARASI
ELECTRICIAN
NO 4/1,NEW 7,NATTU MUTHU KUMARAPPAN ST,MYLAPORE,CH-4 9884672840
31 HARIPRASATH S
X
C D SEKAR
S GOWRI
IRON WORK
35,LALA GARDEN,MYLAPORE,CH-4 9176869189
36000
3160
32 SIDDARTH S
X
C C S SURYAMOORTHY
V S SHANTHI
CAR DRIVER
71/73 GOWDIYA MADAM ROAD,ROYAPETTAH,CH-14 9840406505
96000
3160
AUTO DRIVER
198/223,K V B GARDEN, R.A PURAM,CH-28 9789902369
72000
3160
33 RUBESH KUMAR R
X
C M RAJENDRAN
R SUMATHY
S.R.K.M.P.S.MATRICULATION SCHOOL 91. M.K. AMMAN KOIL STREET, MYLAPORE, CHENNAI‐4 S.No
Name of the Student
Std
Father Name & Occupation
Annual Income
Address & Phone Number
Annual Fees 11225
1
S.Dhanya sri
II
M. Sivakumar(Coolie)
72000
180, Ganesapuram ,Balakrishnaroad,Mylapore Chennai ‐4 ( 9840048632)
2
M.Hariharan
III
Manikandan (Coolie)
60000
No 21/20, kannagi nagar,Thuraipakkam, Chennai (9940198171)
11625
3
M.Ganasri
III
V.Muthu(Coolie)
72000
No.5, Vaaleeswarar koil street,Mylapore,Chennai‐4 (89256536686)
11625
4
M.Srija
III
Muthu kumar ( Auto driver )
84000
no.245,Rotteri Nagar,17th st,Triplicane,Chennai‐ 11625 5(9840105415)
5
C.Tarun Eswar
IV
M.Chidambaram (Auto driver)
84000
11725
6
B.Eswanth
IV
I.Balaji ( coolie)
72000
No.27/ A, Munusamy pillai street , Mylapore, Chennai ‐4 ( 9940209040) No.166,Ganeshapuram,Balakrishna road, Mylapore,Chennai ‐4 (9176043343)
7
R.Krishnan
IV
Ramamurthy ( electrician)
80000
no 19 C block ,Ambedkar bridge,Chennai‐4 (9840867677)
11725
8
N.Afreen
IV
Niza Muddin (Coolie)
60000
No.84, Shanmugam pillai street,Mylapore, Chennai ‐4 ( 9940258441)
11725
9
K.Pranitha
IV
Karthik ( Coolie)
72000
Ekamparam pillai street, ambedkar bridge, Mylapore, Chennai‐4
11725
10
S.Hemasri
V
selvam (coolie)
72000
2/3 Nadukuppam,4th street,Triplicane,Chennai‐ 5 (9941178449)
11825
11
P.Latha
V
Palani (Coolie)
72000
No. 106 Silatterpuram ,Mylapore, Chennai ‐4 11825 ( 9655690583)
11725
S.No
Name of the Student
Std
Father Name & Occupation
Annual Income
Address & Phone Number
Annual Fees
12
S.Pravinesh
V
A.Sureshkumar (Coolie)
60000
No.23, Rutharpuram, Dr.Ambedkar Bridge,Mylapore,Chennai‐4 (9094124622)
11825
13
A.Suriya
V
N.Ashok kumar (Coolie)
84000
No. 67/34,Thulasinga perumal koil street, triplicane, Chennai ‐5 ( 9003011272)
11825
14
D.Anusiya
V
Dharamalingam (House keeping)
72000
No. 40, Arumugam pillai street, Mylapore , Chennai ‐ 4 ( 9087109972)
11825
15
M.Siva
VI
Muthu (Coolie)
72000
No.182 C ‐Block,Nattan Thottam, Mylapore , Chennai‐4 ( 7353776151)
11825
16
R.Pavithra
VI
T.Rajendran (driver)
84000
No.338,Rajaannamalaipuram, Mylapore ,Chennai‐4 ( 9884835139)
11825
17
K.Tamilselvan
VI
Kabali (Coolie)
60000
No. 94, B‐Block,NattanThottam, Myapore, Chennai ‐4 (8870354975)
11825
18
E.Rithika
VI
A.Elumalai (Coolie)
72000
No. 39, Sundara Gramani Thottam, Mylapore , Chennai‐4 ( 7299896313)
11825
18
D.Sadhana
VI
Devraj (Coolie)
72000
11825
20
K.Manikandan
VI
K.Kumar (Coolie)
60000
N0. 94, B‐Block,Munusamy Street, Mylapore,Chennai‐4 (9171163111) N0.66, Balakrishna road, Ganesapuram,Mylapore,Chennai ‐4 ( 9940276126)
11825
The National Boys’ & Girls Education Society
Mylapore (Regd.) S 17/ 30-31 5, Sundareswarar Street, Mylapore, Chennai -600004. email: nbges1930@gmail.com Managing the Lady Sivaswami Ayyar Girls’ Higher Secondary School: 24642513 Sir Sivaswami Kalalaya Senior Secondary School (CBSE): 24641257 and Sir Sivaswami Kalalaya Higher Secondary School: 24957950
2nd December, 2020 To, Gp Capt R Vijayakumar (Retd), VSM Executive Director, Madras Management Association Dear Sir, Sub: Scholarship Support to Bright Students from Class VIII, IX and X At the outset, we would like to express our heartfelt thanks to the Madras Management Association for considering the deserving students of Lady Sivaswami Ayyar Girls HSS (LSGHSS) for your subject scholarship program. The first Girl’s school in South India, LSGHSS, celebrated its 150 th Anniversary in 2019. The school was founded by Sri Gajapathi Maharaja of Vizianagaram in 1869- a true visionary who espoused the cause of Women’s education in times when education was considered a male prerogative. Lady Sivaswami Ayyar Girls’ Higher Secondary School in Mylapore, witnessed management and name changes before it finally settled down to its current name in 1946 — in memory of the stellar contribution by PS Sivaswami Ayyar. The school is managed by the National Boys’ & Girls’ Education Society (NBGES), which also runs the Sivaswami Kalalaya SSS – a reputed CBSE institution in Chennai. The NBGES is governed by a Management committee that has seen notable personalities from various walks of life volunteering their valuable time towards the upliftment of girl’s education. The NBGES has consistently strived towards not just providing high quality education to the economically under-privileged girls in the society, but also focusing on their holistic development. The students of LSGHSS have consistently outperformed in various sports both at the state and national levels, winning numerous accolades for their school. (Annexure A). LSGHSS is a Government aided institution, with the infrastructure on par with many private schools, with a multipurpose auditorium, library, fully equipped computer labs and science labs etc. Under the leadership of highly dedicated headmistresses over the years, the school sees highest levels of student participation for sports days, exhibitions, seva sangam activities,
mid-day meals, medical camps, cancer awareness programs, annual days, competitions in various co-curricular fields etc. (Annexure B) 150th anniversary Celebration of Lady Sivaswami Ayyar Girls Higher Secondary School, 2019
Pic: Some of the noted alumni from the school (from left to right) : Ms. Lakshmi –actor, Ms. Vani Jayaram- Singer, Ms. V. Shanta – Chairperson , Cancer Institute Chennai - being facilitated by the then Hon. Defence Minister, Govt. of India- Ms. Nirmala Sitharaman
The table below provides further details of the LSGHSS: Type of School: Government Aided State Board institution Education Level Higher Secondary (VIth to X11th std) Date Of Establishment: 01.03.1869 Medium of Instruction: English & Tamil Total No. of Students (year 2019-2020) 986 VIth Standard 64 VIIth Standard 89 VIIIth Standard 104 IXth Standard 154 Xth Standard 146 XIth Standard 183 XIIth Standard 246 Fee Structure (Per annum): Rs.3,100 – Rs.11,020 per annum VIth Standard Rs.3,100 (Tamil) Rs. 5,100 (English) VIIth Standard Rs. 4,100 (Tamil); Rs. 5,100 (English) VIIIth Standard Rs. 4,100 (Tamil); Rs. 5,100 (English) IXth Standard Rs. 4,600 (Tamil); Rs. 5,600 (English) Xth Standard Rs. 5,100 (Tamil); Rs. 6,100 (English) XIth Standard Rs.7,420-Rs.10,520 (Depending on subjects taken) XIIth Standard RS.7,120-Rs.11,020 (Depending on subjects) Class XII th Performance (2019-2020) 98% pass Sports with state level or national level Pole Vault, Volleyball, Basket Ball, Ball Badminton, achievements: Athletics, Tennikoit, Martial Arts , Table Tennis Average Income of Parents : Rs. 6,000 per month
The overall development of the Children is achieved through merit-cum-means based scholarships, infrastructure and other investments funded by donations from individuals and organizations through the NBGES. The NBGES has also recently launched the Future Leaders Program to support deserving & underprivileged girl children across all Government & Government aided girls’ schools in Chennai. It is a comprehensive program to support girl students from the IXth standard for a period of 8 years until graduation- fully taking care of their financial, academic and all-round developmental needs.(Refer FLP Brochure for further details) . The first batch of 8 students were selected through a rigorous testing and evaluation process and mentors have been assigned to guide them through their career. They have been provided connected laptops and enrolled for curricular and co-curricular coaching classes from their homes- so their development did not get affected even during these tough Covid times. We welcome like-minded individuals/corporations/associations to partner with us on this journey to not just educate as many needy girl children in the State, but also identify potential leaders among them and give wings to their aspiration in realizing their full potential in their field of choosing. We would be happy to apply your donations for a specific program, a particular deserving child or for any of the various aspects of development. The selection process for all the scholarships are designed to be fully transparent and based purely on a merit-cum-means basis. Sponsorship Area INR Future Leaders Program-FLP (Sponsoring 1 child from 9th std to graduation) 8,00,000 Laptops + dongle for a FLP batch of 8 students 2,00,000 3-years Sports scholarship for Coaching & National Level exposure (Team) 3,50,000 3-years Sports Scholarship for Coaching & National level exposure(Individual) 1,00,000 2-year Sponsorship of Coaching Classes for a deserving LSGHSS NEET aspirant (Xth std) 1,00,000 Enrollment to need-based coaching in 1 area (leadership, entrepreneurship etc.) for 30,000 class topper (VIIIth, IXth & Xth) Laptop+ Dongle for a LSGHSS student (VIIIth, IXth & Xth) 25,000 1-year Academic scholarship (Tuition waiver) for a LSGHSS student (VIIIth, IXth & Xth) 10,000 Note: All donations are exempt u/s 80G of the Income Tax Act The above is just an indicative table of the standard sponsorship options. However, we would be pleased to customize and specifically design scholarship programs in line with the extent of support MMA would like to extend. We eagerly look forward to a long term & fruitful association with the MMA in this endeavor. Best Regards, Anand Rangachary Member, National Boys’ & Girls’ Education Society Mylapore, Chennai 600004
“If you educate a man, you educate an individual. But if you educate a woman, you educate a nation” – Old African Proverb
Annexure A Sports Achievements of girls from LSGHSS 2019-2020
•
•
SGFI NATIONAL MEDALISTS 2019-2020 th 65 NATIONAL SCHOOL FEDERATION OF INDIA ATHLETIC CHAMPIONSHIP, PUNJAB 2019-2020 : UNDER 19 CATEGORY T. SATHYA XII E POLE VAULT First Place 65th NATIONAL SCHOOL FEDERATION OF INDIA BALL BADMINTON TOURNAMENT, ANDHRA PRADESH 2019-2020 : UNDER 14 CATEGORY M. SWETHA VIII B BALL BADMINTON First Place
62nd REPUBLIC DAY STATE LEVEL SPORTS MEET 2019-2020 VENUE: KONGU ENGINEERING COLLEGE, THRICHY T. SATHYA XII E POLE VAULT First Place M. UVADHARRSHINI XII C2 POLE VAULT Second Place REVENUE DISTRICT TOURNAMENTS 2019-2020 JUNIORS BEACH VOLLEY BALL WINNERS BALL BADMINTON THIRD SENIORS VOLLEY BALL WINNERS BEACH VOLLEY BALL RUNNERS BALL BADMINTON WINNERS SUPER SENIORS BEACH VOLLEY BALL RUNNERS
CHENNAI CENTRAL ‘C’ ZONE TOURNAMENTS 2019-2020 JUNIORS VOLLEY BALL BALL BADMINTON SENIORS VOLLEY BALL BASKET BALL BALL BADMINTON TABLE TENNIS SINGLES TABLE TENNIS DOUBLES SUPER SENIORS VOLLEY BALL BASKET BALL BALL BADMINTON CARROM SINGLES CARROM DOUBLES
WINNERS WINNERS WINNERS WINNERS WINNERS RUNNERS WINNERS WINNERS WINNERS WINNERS WINNERS WINNERS
REVENUE DISTRICT SPORTS MEET – ATHLETICS
CATEGORY NAME OF THE ATHLETE JUNIORS R. SHOBANA SENIORS S. MONIKA SRI
SUPER SENIORS
STD IX D XI C1
EVENT 600 mts SHOT PUT DISCUS 1500 mts 3000 mts JAVELIN DISCUS HIGH JUMP
RESULT THIRD FIRST FIRST FIRST FIRST FIRST SECOND THIRD FIRST
M. MONISHA
XI D
T. SHIVANI
XI A
S.JAYANTHI
XI D
1. M. PARKAVI 2. SOORYA BOOPATHY 3. B. PRIYADHARSHINI 4. M. MONISHA N. SWETHA
IX A X A XI D XI D XII E
M. SONALKI
XII A
K. BHUVANADHARSHINI
XI C1
P. SRUTHI
XII C1
M. UVADHARSHINI
XI IC2
T. SATHYA
XII E
HIGH JUMP TRIPLE JUNP 100mts HURDLE 200mts 100mts 40 mts HUDLES 80 mts 400mts 400mts 400mts HURLDLE HIGH JUMP POLE VAULT POLE VAULT
S. SEETHALA DEVI
XII E
200mts
M. MAHALAKSHMI
XI C1
TRIPLE JUMP
1. 2. 3. 4. 1. 2. 3. 4.
XII E XII A XII E XII C2 XII A XI C1 XII A XII C1
4 X 100mts RELAY
THIRD THIRD SECOND SECOND THIRD SECOND SECOND THIRD SECOND FIRST FIRST SECOND FIRST THIRD SECOND FIRST
4 X 400mts RELAY
FIRST
N. SWETHA M. SONALI S. SEETHALA DEVI M. UVADHARRSHINI M. SONALI K. BHUVANADHARSHINI R. DHIVYA P. SRUTHI
4 X 400mts RELAY
OPEN TOURNAMENTS - Volleyball th
TOURNAMENT
RESULT
4 LSA SCHOOL STATE LEVEL BEACH VOLLEY BALL CHAMPIONSHIP -2020
First place
STATE LEVEL INTER SCHOOL VOLLEY BALL TOURNAMENT 2019-2020 JUNIOR NATIONAL VOLLEY BALL CHAMPIONSHIP AT ANDHRA PRADESH
First Place Third Place
REVENUE DISTRICT NEW GAMES RESULTS - SILAMBAM
CATEGORY JUNIOR
SENIORS
SUPER SENIORS
EVENT
NAME
STD
WEIGHT CATEGORY
RESULT
SINGLE STICK
S. KAVIYA
VI A
------------------
SECOND
FIGHT
V. THANUSHAA
VI A
BELOW 30kg
N. HARINI
VII A
BELOW 40 kg
D. SAIMIRTHULA
VIII A
ABOVE 40 kg
SINGLE STICK
R. SANDHIYA
X A
------------------
SECOND THIRD THIRD THIRD
FIGHT
S.V NIVEDITHA
X A
BELOW 40 kg
K. JAYALAKSHMI
IX A
BELOW 45 kg
M. SUBHASHINI
XI A
Below 50 kg
SINGLE STICK
S. SANTHOSHINI
XII C1
------------------
FIRST THIRD THIRD THIRD
DOUBLE STICK
G. PAVITHRA
XI C1
------------------
SECOND
FIGHT
D. JOTHIKA
XII C1
BELOW 45 kg
FIRST
XI C2
ABOVE 70 KG
FIRST
S. KARTHIKA
OPEN TOURNAMENTS - Basketball TOURNAMENT JUNIOR NATIONALS BASKET BALL CHAMPIONSHIP AT PATNA, BIHAR
RESULT
OPEN TOURNAMENTS – Athletics TOURNAMENT EVENT NAME STD SOUTH ZONE NATIONAL ATLETICS CHAMPIONSHIP, ADHRA PRADESH JUNIOR NATIONAL ATHLETICS CHAMPIONSHIP 2019-2020 AT ERODE RELIANCE FOUNDATION YOUTH SPORTS ATHLETICS CHAMPIONSHIP 2019-2020
Third place
RESULT
Shot-put
Monica Sri
XI C1
Shot-put
Monica Sri
XI C1 Second place
Javelin
T.Shivani
Shot-put
Monica Sri
4x100mts relay
XA
Third place
First Palce
XI C1 Second place
M.Sonali, K.Bhuvanadharshini, P.Shruthi, R.Divya
Third Place
The LSGHSS Marching Band
Annexure B Keeping pace with Technology Focus on Fine Arts & Culture
Robotics (Left), Social transformation (Center ) & ‘Sprit of Giving’(Right) workshops organized by partner NGO- Bhoomi
Breast Cancer Awareness Program Organized by ‘India Turns Pink ‘
The Akshaya Vidya Trust (AVT) (1994) Ranipet
Request to Madras Management Association for Support for Students for 2020-21
2nd December 2020
Sections in this presentation
2
1 - Background Info 2 - Current Student Sponsorship Programme 3 - Children’s Sponsorship Project for MMA 2020-21
Section 1
Background Info
Schools managed by AVT
4
Vedavalli Vidyalaya Senior Secondary School, Walaja (CBSE – KG to XII) 1994 (1310 students)
Vedavalli Higher Secondary School, Walaja (State Board - XI and XII only) 1999 (76 students)
Vedavalli Vidyalaya Nursery and Primary School Senior Secondary School, Ranipet (CBSE - KG to XII) 2003 (791 students)
Children are from varied backgrounds; 60% of the children are rural
Some background
Not for profit schools Co educational Private, not aided by Government Progressive Holistic education Known in the locality – –
5
–
For child friendliness Teacher training Teaching methodologies
Facilities and learning
6
Open classrooms Well equipped labs, library, play grounds AV education Learning by doing Exposure to people, places and ideas Seminars, projects and clubs Arts and sports are integral parts of education
Board exams
7
Schools
No. of X & No. XII Batches graduated from XII so far
Pass percentage
Remarks
Vedavalli Vidyalaya, Walaja, CBSE
Class 10 – 23 Class 12 11
203
Always 100%
Class 12 discontinued for a few years*
Vedavalli Vidyalaya, Ranipet, CBSE
Class 10 – 111 9 Class 12 - 4
Always 100%
Courses in humanities too in Plus 2
Vedavalli Higher Secondary School, Walaja, State Board
Class 12 20
Always 100% except for two batches
Offers only XI & XII
1286
*Demand then was only for State Board education to gain entry into professional courses
Section 2
Current Student Sponsorship Programme
Genesis of Sponorship Programme
9
1994 – Announcement of the school A lorry driver’s wife walked into office Wanted her kids to study in our school Felt she could not afford the school Our relatives present in the scene agreed to sponsor Five students received sponsorship in year 1 Children are supported right through their schooling
Need to continue
10
Management’s view that diversity is needed for good education
Social objective of the school
A few people willing to support
Children are identified for support through an internal identification and referral process
Schemes of support Philosophy - every child has a right to quality education
11
Initially donations for endowment
Annual sponsorships by individual donors; no corporate donors
Deficits in the programme are met by Trust funds
Merit consideration only in Class XI and XII, otherwise only based on means
Criteria Children who cannot afford the school
From working and lower middle class Motivated parents wanting good education for their
child If there is donor preference for male or female, that
is considered
12
For XI, children getting 90% and above in X std.
Profile of the parents
13
Lower middle class
Widowed mothers
Separated mothers
Sudden economic deterioration of family
Drivers, tailors, vendors, agricultural coolies, small farmers
Current identification process
Teachers/Coordinators identify children in their class
Their parents approach the School for support
Community members refer children
Fee increase prompts children to leave –
14
Part sponsorship offered to them by the management
Appraisal of applicants with interviews and home visits
Selection process
15
Identification by coordinators and community members; discussion with Principal for approval If satisfied, shortlisted Parents are asked to make a request for support Home visit made by programme in charge; if suitable for selection, salary/income certificate of parents obtained Internal Committee of Principal, Coordinator and Correspondent reviews the applications of shortlisted ones If approved, then sponsorship is offered with recommendation specifying quantum
Communication
16
Parents are informed of selection
Amount of sponsorship is communicated
There is mutual understanding on confidentiality
Privacy for the sponsored child is maintained
Offered only for one year at a time, but normally continued until child finishes school or leaves whichever is earlier
Norms for sponsorship
17
Parents normally pay part of the amount
In a few cases, whole amount is sponsored, where there is commitment from the donor for long term
Bus fees, uniform and books are normally paid for by parents
Treatment of the sponsored children
18
Equality of treatment; no discrimination or preference
Special needs and talents get attention
Privacy of sponsorship is maintained
Experience
19
Has been very good
Overall, these children do as well as others confirming our belief that the school can make a difference
Some of them are sports persons, artists, musicians, dancers
One was even a school topper
Alumni from this group seem to be doing well
Donor Engagement
20
It is only with the management
Not done directly with the child or the parent
If in need of additional support, school contacts the donor
Annual report on the child’s performance sent to the donor
Number of children
Details
21
VVW
VVR
VHS
Sponsored thus far 1569
447
867
Completed school
1489
372
860
In School
80
75
7
Status of a few of the sponsored
Students –
–
Working – – –
22
AR (F) – Second Year - B.A, Public Administration , Government Arts & Science , Salem JA (F) – B.Sc Nursing in Meenakshi Medical College , Kancheepuram
–
RB (M) – B.Tech., Petrochemical Technology- Working in Chemplast Sanmar Limited as Senior Process Manager , Coimbatore D (F) – Completed B. Tech., ECE, Working in HCL, Sholinganullar as System Analyst V (F) – Completed PG in English and Diploma in Arts - Working as freelancer GR (M) – Pursuing MBA and also doing vegetable business
Mandate to the management for future
23
Ten percent of the students to be in the scheme
Focus on Diversity
Encourage assistance in possible ways for higher education
Communicate to prospective donors
Expand the donor base
Section 3
Children’s Sponsorship Project for MMA – 2020-21
Major challenges for the school : Covid context
25
Most parents haven’t paid even the court approved first term fees of 40% Many fixed costs especially staff related On-line teaching: one device shared in the family between two or more Number of hours limited to 4 hours Unable to check attention and presence of children Assessment is difficult
Responses for children under sponsorship in covid times
26
Their part of fee payment not insisted upon Books and notebooks issued free A few were given computers for use at home to benefit from on-line classes Children requiring academic support get individualized teaching support in school Alumni and other known young college students provide teaching/tutorial support
Current no. of children
27
School
Std. VIII -X
Std. XI-XII
Vedavalli Vidyalaya, Walaja (CBSE)
273
92
Vedavalli Vidyalaya, Ranipet (CBSE)
153
77
Vedavalli Higher Secondary (State Board)
Not applicable
76
Fee structure
School Vedavalli Vidyalaya, Walaja & Ranipet ( CBSE) Vedavalli Higher Secondary (State Board)
28
Std. VIII Rs. 29700
Not applicable
Std. IX & X
Std. XI & XII
Rs. 31275
Rs. 37275
Not applicable
Rs. 31725
Project for MMA’s support
29
The project is meant for 2020-21 A huge support for our deserving children in Covid times Support the children whose parents have not been able to pay the fees in these times Children from VIII to XII are identified specially for the project “Means” or ability to pay as a criterion applied for selection In addition, merit, sports* or arts* considered for the project
*School nurtures talents in these to help children meet their potential
What support for the students will be good? (In the order of priority)
Payment of fees for students (List attached) Laptops for children Special coaching classes during annual holidays welcome for different skills and talents* – – – – –
30
Gifted children in Mathematics Sports Arts Entrepreneurship Communication, leadership & personality development and the like
*Makes better sense for this to be opened for participation by all the interested children in the school at a particular level or class to make it more meaningful
Support needed School
No. of males
No. of females
Total no. of students
Vedavalli Vidyalaya, Walaja (CBSE)
8
12
20
6,24,900
Vedavalli Vidyalaya, Ranipet (CBSE)
8
7
15
5,07,975
1
4
1,26,900
20
39
12,59,775
Vedavalli Higher Secondary (State 3 Board)
31
Total
19
Details included in the attachment
Total fee amount in Rs.
We thank MMA for giving us this opportunity; this is a project that deserves consideration for support Visit www.vedavallividyalaya.org
32
Vedavalli Vidyalaya Schools - Summary of Details
Number of Students
Male CBSE Walaja CBSE Ranipet State Board Walaja Total
8 8 3 19
Female Total Means 12 20 5 7 15 1 1 4 3 20 39 9
Means, Academics, Means and Means Means and Sports and Academics and Art Sports Art 4 3 3 2 7 1 6 4 10
Means, Academics and Sports 2 2
Total Amount in Sports Rs 5 6,24,900 3 5,07,975 1,26,900 3 5 12,59,775
Vedavalli Vidyalaya Senior Secondary School, Walaja ( Affiliated to the CBSE) Selected students for support by Madras Management Association for 2020-21 Category
S.No 1 2
Name of the Student Mano K Shamiksha
Class
Sex
Joining Year
VIII
M
2013
VIII
F
2015
Father's occupation Farmer Worker
Monthly Income in Rs 5000 7000
Mother's Occupation Housewife Housewife
Monthly Income in Rs Means Academics Sports Arts Nil Nil
3
Srikumaran
VIII
M
2013
Business
25000
Housewife
Nil
4
Dinesh Kumar
VIII
M
2014
Business
20000
Housewife
Nil
-
-
Reason for not paying fees
Annual fee payable in 2020-2021 in Rs
-
-
Crop Failure
29,700
-
No job offer
29,700
-
No business
29,700
No business
29,700
-
No business
29,700
-
-
No job offer
29,700
-
5
Varshavardhini
VIII
F
2014
Business
10000
Business
10000
-
-
6
Rithika. S
VIII
F
2013
Refridgeration service
15000
Housewife
Nil
Nil
-
-
No business
29,700
7000
-
-
Crop failure
29,700
-
-
No business
31,275
-
-
-
No business
31,275
-
-
-
Business dull
31,275
-
-
-
Business dull
31,275
No trips
31,275
-
Business dull
31,275 31,275
7
Saravanan.K
VIII
M
2015
Business
20000
Housewife
8
Srivalli.K
VIII
F
2017
Farmer
10000
Teacher
9 10
Lekha Shree
IX
F
2010
Business
15000
Housewife
Nil
Madhumitha. S
IX
F
2013
Business
15000
Housewife
Nil
11
Krishnavi K P
IX
F
2010
Business
12000
Housewife
Nil
12
Sharmila P
IX
F
2010
Business
10000
Housewife
Nil
-
-
-
-
13
Harsheethaa P
IX
F
2011
Driver
10000
Housewife
Nil
14
Anish J E
IX
M
2013
Business
20000
Housewife
Nil
15
Hariharan V
IX
M
2012
Business
15000
Housewife
Nil
-
-
-
No business
16
Vidyabharathi. B
X
F
2011
Business
20000
Housewife
Nil
-
-
-
Business dull
31,275
-
-
-
Business dull
31,275
17
Yokesh.S
X
F
2015
Milk man
18
Razzaq Ahmed S
X
M
2016
Business
19
Deepakraj. S
XI
M
2008
Sweet shop
20
Sahaana M
XI
F
2011
Provisional store
20000
Housewife
Nil
10000 Housewife
Nil
8000 15000
Housewife Housewife
-
-
-
Business dull
31,275
Nil
-
-
Business dull
37,275
Nil
-
-
Business dull
Total
Consolidated Report Means Means & Academics Means & Art Means & Sports Sports Total
5 4 3 3 5 20
37,275
6,24,900
Vedavalli Vidyalaya Nursery & Primary School Senior Secondary School, Ranipet ( Affilated to the CBSE) Selected students for support by Madras Management Association for 2020-21 S.No
Name of the Student
Class Sex Joining year Father's occupation
1
Koteeswaran. V
VIII
2
Priyadharshini. K
VIII
3
Mohammed Sameer A
IX
4
Pallin Karoleena
IX
5
Preethi B
IX
6
Priyadarshini M
IX
7
Krishna Moria Sasetharan R
X
9
Maghalakshmi U
XI
10 Kaviya B
XI
11 Samuel Raj R
XI
12 Mutharasen S
XI
13 Jenita
XI
14 Dhaanush. P S
XII
15 Kaviyan E
XII
15000
Housewife
Nil
15000
Housewife
Nil
10000
Housewife
Nil
12000
Housewife
Nil
Daily Wages
7500
Housewife
Nil
8000
Housewife
Nil
13000
Housewife
Nil
15000
Housewife
Nil
12000
Housewife
Nil
2011
Technician
M
2010
Has a petty shop
2011
Daily wagesElectrician
F
2012
Milkman
M
2009
Cook in leather company- no job for the past six months
M
2009
Mason - Hollowbricks
F
2017
Farmer
F
2012
Worker in Parry company
M
2010
Driver
6000
Housewife
Nil
2011
Security in private school
12000
Tailor
3000
Business
20000
Housewife
Nil
8000
Housewife
Nil
10500
Staff in leather company 8000
X
8
8000
F
2013
Monthly Category Income in Rs Means Academics Sports
Farmer
2010
F
Mother's Occupation
10000
Farmer
M
F
Monthly Income in Rs.
M F M M
2016 2019 2009
Daily wages Daily wages
Arts
Reason for not paying fees Crop failure
29,700
No job offer
29,700
No business
31,275
No job offer
31,275
No business
31,275
No job offer
31,275
No job offer
31,275
No job offer
31,275
Crop failure
37,275
Less Salary
37,275
No trips
37,275
No job offer
37,275
No business
37,275
No job offer
37,275
No job offer
37,275
Total Consolidated Report Means Means & Sports Means & Academics Means, Academics & Sports Means, Academics, Sports & Art Total
1 7 2 3 2 15
Annual Fee payable in 2020 2021 in Rs
5,07,975
Vedavalli Higher Secondary School, Walaja ( State Board)* Selected Students for Support by Madras Management Association for 2020-21
S.No
Name of the Student
Class
Sex
XI
M
Joining Year
Category Monthly Income Means Academics Sports Arts in Rs.
Reason for not paying fees
Annual fee payable in 2020-2021 in Rs
Nil
-
-
Business dull
09.07.2020 Business
20,000
Housewife
Nil
-
-
Business dull
31725
F
21.09.2020 Agriculture
10,000
Housewife
Nil
-
-
Crop failure
31725
M
14.05.2019 Driver
15000
Housewife
Nil
Not getting salary
31725
Total
1,26,900
2
Karthikeyan V
XI
M
3
Ishwarya J
XI
4
Pavan M
XII
08.07.2020 Sweet Shop
*Note: This school has only classes XI & XII
3 1 4
Mother's Occupation Housewife
Devarajan E
Consolidated Report
Monthly Income in Rs. 8000
1
Means Means & Art Total
Father's occupation
31725
MMA – CSR activities in Education Area of Focus
Sanitation infrastructure and WASH interventions Early childhood education Education sponsorship / scholarships STEM - Science Technology Engineering and Mathematics related interventions & remedial classes Digital education/Computer classes English improvement – oral and written Reading and libraries School / career counselling Teachers’ trainings – Train the Trainers Promoting arts, culture & heritage Promotion of sports & education through sports Strengthening of School Management Committee & school leadership development through Management Development Programme (MDP) Career counselling Self-Awareness (Discover Yourself) Intrapersonal Communication Interpersonal Skills Goal Setting Managing Emotions Stress Coping Creativity Team Working Decision Making
Leadership Problem Solving Change Management Time Management Entrepreneurial Mind-set Resilience Personal Branding Health Hygiene Etiquettes Ethics and Honesty Knowledge Management
Product Demo - Skill Development – Entrepreneurial Development Programme (EDP)
Soap Making Chocolate Making Selling Skills Other Skills relevant to Employability
Provisional Annual Budget 2020 - 2021
Sl. Particulars No. 1. P S Higher Secondary School – Fees scholarship for meritorious 100 students at the rate of Rs. 4400/- per annum per student 2. Lady Sivasami Ayyar Girls Higher Secondary School Fees scholarship for meritorious 100 Girl students at the rate of Rs. 4400/- per annum per student 3. Vedavalli Vidyalaya, Ranipet Fees scholarship for meritorious 50 students at the rate of Rs. 5000/- per annum per student 4. 24 weeks - Special Workshops / Special sessions For both P S and Lady Sivaswami Rs. 48.00 at the rate of Rs. 5,000 facilitators fee for workshop – details attached as appendix A 5. 24 – weeks Special Workshops / Special sessions For Vedavalli Vidyalaya, Ranipet Rs. 24.00 at the rate of Rs. 5,500 facilitators fee for workshop outstation 6. Train the Trainers – Teachers and Management – 12 Sessions at the rate of Rs. 10,000/- per session including refreshments – details attached as Appendix B 7. Parent Engagement programme - 6 programmes @ Rs. 15,000/details attached as appendix C 8. Infrastructure Development need based, technology support to meritorious poor children, support to outstanding Sports Person and library development Total Expenditure per annum
Amount in Remarks Rupees 4,40,000
4,40,000
2,50,000
2,40,000
1,32,000
1,20,000
90,000 7,88,000
25,00,000
Travel and Outstation fee included
Appendix - A 24 Weeks - Special Workshops / Special sessions for Students of all the three Schools: Area of Focus: STEM - Science Technology Engineering and Mathematics related interventions & remedial classes Digital education/Computer classes English improvement – oral and written Reading and libraries School / career counselling Promotion of Arts and Culture Promotion of sports & education through sports Career counselling Self-Awareness (Discover Yourself) Intrapersonal Communication Interpersonal Skills Goal Setting Managing Emotions Stress Coping Creativity Team Working Decision Making Leadership Problem Solving Change Management Time Management Entrepreneurial Mind-set Resilience Personal Branding Health Hygiene Etiquettes Ethics and Honesty Knowledge Management
Product Demo - Skill Development – Entrepreneurial Programme for Students Soap Making Chocolate Making Selling Skills Other Skills relevant to Employability
Development
Appendix – B Focus towards Teachers, Train the Trainers and School Management Intervention programs to enhance professional skills of teachers is the need of the hour and the focus of the programs aim to: Improve the quality of lesson planning and teaching practice Focusing on the strategies that teachers need to enable effective learning Improve classroom management Help teachers recognise the importance of fostering intrinsic motivation in their learners Train teachers in learner centric approaches that cater to learners’ needs, abilities, interests, intelligences and styles of learning The following are a few representative samples of the topics that will be implemented during the training programme for the Teachers:
Teaching Communicative English (Listening, speaking, reading, writing) Fostering Socio- emotional learning in the classroom Facilitating Active learning in the classroom Graphic Organisers for developing skills of ‘learning to learn’ in students Reading strategies to enhance comprehension across all subject areas Facilitating an enabling and caring learning environment Activity based methodology of Teaching Pedagogy – How knowledge and skills are important in an Educational context and considers the interactions that take place during the learning. Digital adaptation programme Child psychology
It’s our endeavour to cover the area of Trainer the Trainers under three focussed area. Preliminary level Curriculum: Transforming into a facilitator of active learning; For Whom? For new teachers and also experienced teachers who want to learn strategies to become effective 21 st century facilitators of active learning.
Key Takeaways The program helps teachers understand important aspects of planning, delivery, assessment, socio- emotional skill etc., to engage their learners effectively through the following topics. Facilitating a nurturing and positive classroom environment. Planning for a learner-centric classroom Graphic Organizers for learning to learn. Literacy Across Curriculum Learner-centric activity based strategies for Reading and Writing Effectively in All Subjects. Questioning Skills to develop an Inquiring Mind. Assessment 'as', 'for' and 'of' Learning. Fostering Socio emotional learning. Advanced level Programme: Transforming as a reflective practitioner of active learning For Whom? For educators with experience who want to upgrade their skills, dive deeper into topics and become more insightful facilitators. Key Takeaways The program helps experienced teachers gain a deeper understanding of their roles as facilitators in a classroom and delve deeper into various strategies to make learning spaces more enjoyable, learner centric, learner- determined, and compassionate environments through the following topics. You as a Teacher - Teacher's role and identity. Diving into Discipline and Authority Questioning fear, instilling care and autonomy Teacher as a Leader Child Development and Learning (For ages 3 to 18years). Theory of Multiple Intelligences Making learning inter-disciplinary and trans-disciplinary. Experiential Learning Project Based learning and Inquiry Based learning Collaborative learning. Advanced Assessment Techniques - Running records, portfolios and more.
MUCH to enable social change Mindfulness, Understanding, Conscious Consumerism and Heartfulness. Gender and Sexuality Education. Special Sessions to focus on the functioning of the School to transform the culture and climate of schools For Whom? For any school /educator who wants insights into these topics. Key Takeaways: This program enhances organisational capabilities, climate and culture of a school. These modules help schools to reflect on their policies, processes and procedures, align with or re-think their beliefs and mission to transform into highly effective, caring and enabling institutions through the following topics. Providing a safe School environment Effective Stakeholder Communication for the 21st century educator Enabling Leadership among Students Growth Vs Fixed mindset Trauma Responsive Classrooms Teacher Wellbeing Strategies for online teaching, learning and assessing Administration and Office Management
Appendix – C
Parents Engagement Programme Parents involvement is critical for the success of CSR initiative in the field of education. Successful parent involvement improves not only students behaviour and attendance but also positively affects student’s achievements in education. It is felt that Schools often don’t engage parents because they don’t think they can and feel constrained. It is also our belief that one thing that keeps parents from being involved is the discomfort with schools. And that discomfort often stems from parents not knowing how to be involved. Schools with the commitments to the parent’s involvement take an active role in helping parents learn variety of ways to be involved. The schools involved in the parent engagement programme have seen a reduction in discipline problems and increase in attendance rates and also notice better achievements by the students. A few focussed areas are:
a. Digital Learning of Children b. Program on parenting – Health and hygiene c. Skills for parents – Particularly for mothers to be a Mompreneur - teach them simple skills for earning from home to support their families.
Madras Management Association
MEMORANDUM AND RULES OF ASSOCIATION (as amended upto 5 July 2019)
Madras Management Association MMA Management Center No.240, Pathari Road (Off Anna Salai) Chennai – 600 006. Ph : 2829 1133 / 4863 2711 Email : mma@mmachennai.org Web : www.mmachennai.org
1
CERTIFICATE OF REGISTRATION OF SOCIETIES ACT XXI OF 1860 S. No: 77 of 1956. I hereby certify that ‘THE MADRAS INSTITUTE OF MANAGEMENT’ has this day been registered under the Societies’ Registration Act XXI of 1860. Given under my hand at MADRAS, this SIXTEENTH day of JULY, One Thousand Nine Hundred and Fifty Six.
Seal of The Registrar of Madras Chingleput District
Sd./ District Registrar, Madras-Chingleput District
From Letter No. F. Dis. 13807-B5/66 dated 18-8-1966 received from Sri S. Devasigamani, B.A., District Registrar, Madras Chingleput, Madras-1 addressed to the Honoary Secretary, Madras Management Association. I write to inform you that your Society’s name has been changed into MADRAS MANAGEMENT ASSOCIATION.
Sd/For District Registrar 22-8-1966
2
MADRAS MANAGEMENT ASSOCIATION (Registered under the Societies Registration Act XXI of 1860) S.No. 77 of 1956 MEMORANDUM 1. The name of the Association shall be the MADRAS MANAGEMENT ASSOCIATION 2. The Registered Office of the Association shall be in the city of Madras: (presently at) MMA Management Center No.240, Pathari Road (Off Anna Salai) Chennai – 600 006. 3. The Madras Management Association shall be a public charitable (Educational) Institution having for its objects: (i) To undertake the promotion of research and development of education in professional management on scientific lines. (ii) To promote the exchange of knowledge, experience and ideas of sound management education, its principles and practices. (iii) To stimulate thought and efforts towards the promotion and development of the management education movement in India more particularly in South India through lectures, conferences, seminars and other media. (iv) To make available the benefits of its management educational activities and facilities to the public at large, without restricting the same only to the Members of the Association. 3
(v) To associate with and assist the Educational and Research Institutions in developing schemes of instruction in Management Education, principles and practices. (vi) To collaborate with such institutions in stimulating amongst the public, active participation in Management Education. (vii) To accept and receive subscriptions, fees, gifts, donations and grants in cash, or kind provided that the conditions, if any, attached thereto are not inconsistent with the above objects. (viii) To establish and maintain a library of Management books, periodicals and papers for use in Management education and training. (ix) To publish journals, newsletters, and such other publications on developments and trends in Management Education. (x)
To institute and establish scholarships, grants and similar incentive schemes to encourage the study and practice of modern management methods as a part furthering Management Education.
(xi) To organise training courses in the different branches of management studies and to award certificates and diplomas. (xii) To provide expert advice and service in specialised fields of management as a part of promoting management education. (xiii)To maintain liaison with all organisations interested in Management Education such as Trade Associations, Chambers of Commerce, All India Management Association (AIMA), and its Regional 4
Councils, local management associations and similar professional bodies. (xiv) To do all such other things as may be necessary or incidental or conducive to the attainment of the above objects.
Property, Income & Expenses:
4. The income and property of the Association, from whatever sources derived, shall be applied solely for the promotion of the objects of the Association as set forth in this Memorandum of Association and no portion thereof shall be paid or transferred directly or indirectly by way of dividend, bonus, or otherwise or by way of profit to the members of the Association. Provided that nothing herein contained shall prevent the payment in good faith to any officer or other staff of the Association, or other person not being a member of the Management Association in return for any services actually rendered to the Association, carrying out or giving effect to any of the objects comprised in or referred to in Clause 3 of this Memorandum, or the payment in good faith of out of pocket expenses of delegates appointed by the Managing Committee to attend meetings, conferences, seminars, etc., of other Association/Institutions of bodies as representatives of the Association.
Addition Etc. 5. No addition or alteration or amendment shall be made to this Memorandum or Association without the same being filed before the Registrar of Societies as per the Tamil Nadu Societies Registration Act, 1975, Tamil Nadu Act No. 27 of 1975 and the Tamil Nadu Societies Registration Rules, 1978 and duly approved and certified by him. 5
First Managing Committee Dr Sir A L MUDALIAR Vice-Chancellor University of Madras Madras-5. Mr S L T WHITE Staff & Industrial Relations Manager Burmah-Shell Madras-1. Mr N K AIYER Secretary & Commercial Manager T I Cycles of India Ambattur, Madras. Mr V RAMACHANDRAN Industrial Relations Officer Burmah-Shell, Madras-1. Mr S ANANTHARAMAKRISHNAN Chairman, Simpson & Co Ltd Madras-2. Mr E F G HUNTER Director Binny & Co (Madras) Ltd Madras-1. Mr G V KRISHNA RAO Head of the Dept. of Business Administration University of Madras Madras-5. 6
Mr A M M MURGAPPA CHETTIAR Director, State Bank of India Madras-1. Mr N V NAYUDU Custodian, Prithivi Insurance Co. Madras-1. Mr T ROGERS Managing Director, Best & Co (Private) Ltd Madras-1. Mr K SADAGOPAN Chief Administrative Officer Integral Coach Factory Madras-38. The signatories below are desirous of forming the MADRAS MANAGEMENT ASSOCIATION. ---------------------------------------------------------------------------------------------Sl. Name Designation Name of Employer No. -----------------------------------------------------------------------------------------------------1. S L T White Staff & Industrial Burmah-Shell Relations Manager Madras 2. N V NAYUDU Custodian Prithivi Insurance Co. Ltd., Madras 3. S Anantha- Chairman Simpson & Co Ltd. ramakrishnan Madras 4. K Sadagopan Chief Administrative Integral Coach Officer Factory, Madras 5. G V Krishna Rao Head of the Dept. University of of Business Madras Administration
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6.
T Rogers
7. N K Aiyer
Managing Director Best & Co (P) Ltd Secretary & T I Cycles of Commercial India, Madras Manager
8. E F G Hunter Director 9.
Binny & Co. (Madras) Ltd
A M M Muru- Director State Bank of India gappa Chettiar Madras
RULES 1. The Association shall have Nine Classes of Membership as follows:
(i) Honorary Members Distinguished persons connected with business management, industrial administration, Government of International organisations, and who have rendered outstanding service in the field of management may be invited to be Honorary Members for life by the President of the Managing Committee of the Association.
(ii) Institutional Members (a)
Any firm, Corporation, Government, enterprise, or other institution interested in the development and progress of Professional Management shall be eligible to be an Institutional Member.
(b)
Combined Institutional Members Institutional Members of MMA shall have the option of becoming combined institutional members of the 8
AIMA by paying such subscription or any other charges as mutually agreed upon between MMA and AIMA. (c)
Any firm or corporation, which is subsidiary to or in the Managing Agency or control of another firm or corporation shall not be entitled to benefits of membership by virtue of the fact that its parent or controlling firm or corporation or Managing Agent is a member of the Association in its own right.
(d)
At the Annual General Meeting of the Association each Institutional Member will have TWO votes.
(iii) Individual Members (a) Any person engaged in management in any industry, business or government enterprises or engaged in teaching management subjects in institutions shall be eligible to be an individual member of the Association, subject to the approval of the Committee and provided the total number of Individual members shall not at any time exceed 200% of the total Institutional Members. (b)
At the Annual General Meeting of the Association each Individual Member will have ONE VOTE.
(iv) Association Members Chambers of Commerce and Educational Institutions which are of non-profit making nature and department of Universities or of educational Institutions affiliated to University which impart training in management skills. They shall however have no voting rights and shall not be eligible to be elected to the Managing Committee. 9
(v) Student Members
They shall be persons who have attained the age of 18 years and are enrolled as Students in an institution teaching Management subjects or of the AIMA for its Diploma Examination or of Management Association/ Institution for its professional examinations shall be eligible for student membership. Application for Student membership shall be sponsored by the Head of the Association/Institution in which the candidate has enrolled himself/herself as a student. No such member shall remain student member after reaching the age of 28 years except those who are pursuing the AIMA Diploma in Management. They shall, however, have no voting rights and shall not be eligible to be elected to the Managing Committee.
(vi) Professional Individual Members/ Combined Institutional Members
The All India Management Association has introduced from 1979 Professional Individual Membership all over the country. This professional Membership was approved at the Sixth National Management Convention held in April 1978 at Madras. The AIMA Professional Membership has three categories, namely Fellow (FIMA), Member (MIMA) and Associate (AMIMA). The full details of this Membership are available in the brochure issued by the All India Management Association together with the code of conduct applicable to all members.
Professional Individual Members & Institutional Members of All India Management Association affiliated to Madras Management Association may participate in all the activities of the Association, but will not be entitled to vote at any General Meeting of the Association or to contest election as a Member 10
of the Managing Committee or as an Office-Bearer of the Association.
A portion of the entrance fee and subscription will be remitted by the All India Management Association to MMA on mutually agreed terms in commensurate with the membership fee levied by MMA from time to time.
(vii) Patrons
Any individual organisation in the private, public or joint sector, engaged in industry, trade or commerce, which shall donate to MMA a lumpsum, shall be appointed a “Patron� of the association. Such appointment and donations will be decided by majority of members of the committee present at a meeting of the committee. The committee will also by a simple majority of committee members present at a committee meeting, decide any question as to any other form of recognition which it might consider necessary to give to patrons.
(viii) Visiting Members
Visiting Members shall be individuals visiting India who shall have been admitted by the committee as Visiting Member for a period not exceeding two months.
(ix) Associate Members
Any person engaged in any industry, business or government enterprise, teaching in an academic institution or consultancy, who wishes to participate in the activities of specific interest groups of MMA i.e. professional/business development forums, women managers forum, young managers forum, etc. shall be eligible to become an Associate Member, subject to the approval of the Managing Committee. 11
They shall be admitted in accordance with Rule 4. They shall have no right of attendance at the general meeting of the Association nor shall they have voting rights. They shall also not be eligible to be elected to the Managing Committee. However, they shall be eligible for all other privileges extended to Members as specified in Rule 6(a) to (c) Rule 6(e).
2. Regional Council
The Association shall be represented on the Regional Council of the AIMA constituted as per clause 9.1 of the AIMA Constitution. The Association shall work in close collaboration with other LMAs in the Region.
3. Membership Fees
The Entrance fees and Annual subscription payable by all the Members to the Association shall be as follows: Institutional Members (Annual Turnover) Entrance Fee Subscription
Category I: Over Rs.100 crores Rs.10,000
Rs.30,000
Category II: Over Rs.25 crores upto Rs.100 crores Rs.5,000 Rs.12,000
Category III: Over Rs.5 crores upto Rs.25 crores Rs.2,500 Rs.6,000
Category IV: Upto Rs.5 crores Rs.1,000 Rs.3,000 (based on Annual Report or Chartered Accountant’s Certificate)
Association (Non-profit seeking) Rs.1,000 Rs.3,000
Individuals
Rs.800
Rs.2,000
Associates
Nil
Rs.1,500
Students
Nil
Rs.500
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The Association, however shall have the right to change the rate of subscription and entrance fees from time to time with the approval of the general body.
4. Admission a.
b.
c.
Every application for membership shall be forwarded to the Association in the prescribed form, duly supported by at least two Members of the Association of the same class or category and accompanied by the appropriate entrance and subscription fees. However in the case of Associate Members, their application for membership in the prescribed form, may be supported by institutional or individual members or members of their own class. While applying, they shall pay only the subscription fee and no entrance fee shall be payable by them. The Managing Committee shall have the right to consider and if thought fit accept application for membership and shall also have the right to refuse Membership to any applicant without assigning any reason whatsoever. A Register of Members shall be maintained by the Association.
5. Payment of Fees and Subscription a.
b.
In the event of the application not being accepted the entrance fee paid by the applicant shall be refunded to him. In the case of admission to membership after the 30th day of September in any year, only half of that year’s subscription shall be payable to the Association. The entrance fee, however, shall be paid in accordance with the scheduled rates as set forth in Rule No 3 irrespective of the date of application. 13
c. d.
No fee or subscription shall be refundable after the applicant has been duly accepted by the Managing Committee to any category of Membership. Annual subscriptions, subject to these provisions, shall be due and payable in advance on the first day of April each year.
6. Privileges of Members a.
Members shall be entitled to attend Conferences, Seminars, Symposia, Lectures, Film-Shows etc., organised by the Association subject to such rules as are issued in connection therewith.
b.
Members shall have access to the MMA Library and Reading Room, subject to the rules of the Library and Reading Room.
c.
Members are entitled to a free copy of MMA’s house organ and other similar services.
d.
At any meeting of the association and on every occasion in which matters for consideration have to be decided by votes, each representative of the institutional members and each individual member shall have one vote, provided when an institutional member desires to exercise both the votes available to him under Rule 1(ii) (d) through a single representative he may specially authorise in writing to do so.
No member will be entitled to participate in the election process (including voting, proposing and seconding of nominations or contesting as a candidate) unless he has completed 12 months as a member of the Association on the last date fixed for filing of nominations for the election.
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e.
Rights and Privileges of Members of different Categories shall not be transferable or interchangeable among the different categories inter se.
7. Cessation of Membership a.
b.
c.
d.
e.
A member may resign his membership by a written communication to the Honorary Secretary, who shall, if all his dues have been paid, refer resignations to the Managing Committee for its acceptance. In case of a member whose current year’s subscription remains unpaid after three months from the close of the immediately preceding accounting year the member shall be informed that the question of cessation from membership due to default in payment of membership subscription will be put up before the Managing Committee and unless the arrears are cleared within 30 days of the date of letter, he shall be removed from the membership of the association. Any member, who has resigned his membership or who has been removed from membership for default in payment of subscription or ceases to be a Member for any reason other than Rule 7(d) would be eligible for re-admission at the discretion of the Managing Committee. In such cases, waiver of the payment of entrance fees shall be at the discretion of the Managing Committee. If any member is adjudicated bankrupt or shall enter into a scheme or arrangement under the Bankruptcy Act, such member shall thereupon cease to be a member of the Association. A majority of three fourths of the members present at a special meeting and entitled to vote and voting may be by a resolution, remove from the list of members the name of any member. Such member, from the passing of such resolution, shall cease to be 15
a member of the Association and shall have no claims whatever to the return of the money paid by him to the Association as a member thereof.
8. Managing Committee a.
The Management of the Association shall be vested in a Managing Committee of not more than Twenty One Members of whom the Chief Secretary or his nominee at the level of Commissioner and Secretary, Government of Tamil Nadu, Vice Chancellor or his nominee of the University of Madras, Vice Chancellor or his nominee of Anna University, Director I.I.T or his nominee, Director of Academy for Management Excellence (ACME), or his nominee may be invited to join the Committee as ex-officio members.
b.
The remaining Managing Committee Members shall be elected in the following proportion. Representatives of the Institutional Members - 12 Represented by Category 1 - 6 Category 2 - 2 Category 3 - 2 Category 4 - 2
Any vacancy arising during the year will be filled by the respective categories of institutional members, if remain unfilled, will pass on to the next higher categories of institutional members.
Individual Members
Provided however that more than one representative from the same institution shall not be nominated for election to the Managing Committee.
c.
No member shall be eligible for election to the Managing Committee unless he has been duly
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proposed and seconded by two other members of the Association of the same class or category, duly incorporating the consent in writing by the member proposed for election.
Notwithstanding anything contained in Rule 7(b) no member shall be eligible for being proposed for election to the Managing Committee unless he, his proposer and his seconder have paid the subscription to the Association for the current year before the last date fixed for filing the nominations.
d.
A member eligible for election as aforesaid can be elected only by his own class of members i.e. Representative of an Institutional Member by Institutional Members and an Individual Member by Individual Members.
The election shall be by postal and/or by hand delivery ballots. There shall be no canvassing by candidates during the election of Members for Managing Committee. Candidates involved in such activity will liable to be disqualified.
e.
Members elected to the Managing Committee shall hold office for a term of two years and will be liable to retire by rotation or by his office being vacated under the other provisions of these rules.
f.
Out of the elected members, eight members shall retire annually consisting of six representatives of institutional members and two individual members.
Members to retire shall be those who have been longest in the office since their last election but as to the persons who become members of the committee on the same day, the question as to who is to retire shall be determined by the Managing Committee by drawing lots and such retirement shall be announced 17
and nominations for elections called for one month before the date fixed for commencement of elections. g.
The elections to be held shall also be for filling up the vacancies which had arisen during a year, and for which vacancies had been filled up temporarily by cooption by the Managing Committee.
h.
No member, individual or the representative of an institutional member will be eligible for re-election as a member of the Managing Committee if he had been already a member of the Managing Committee for three terms. However, the provision will not be applicable in the case of persons holding office of President, Vice President, Secretary or Treasurer at the time of retirement.
No member, individual or the representative of an institutional member can seek nomination for more than one vacancy.
No office-bearer shall hold the same office for more than two consecutive years.
i.
Annual General Meeting of the Association shall normally be held within three months from the close of the accounting year. The process of the election to the Managing Committee will commence by the second week of the first month of the new accounting year and the election process shall be completed before the end of the second month of the accounting year and the results of the elections shall be announced. The new Committee will take over immediately after the Annual General Meeting and will hold office until the conclusion of the next Annual General Meeting.
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9. Vacancy – Cessation of Membership (a)
If any member of the Managing Committee absents himself from three consecutive meetings of the Managing Committee without leave of absence, he shall cease to be a member thereof.
(b) If any office-bearer of the Association vacates his office for any cause during the term of his office, the members of the Committee may elect a new office bearer either from among themselves or co-opt from among the members, but from the category/class of membership to which the retiring Committee Member belongs. (c)
Any vacancy in the Managing Committee otherwise than by retirement at an ordinary General Meeting shall be filled by the Managing Committee as soon as convenient by co-option. Such co-opted members shall remain in office till the next Annual General Meeting without prejudice to his right to seek election if otherwise eligible.
(d) All acts done by the Managing Committee shall, notwithstanding that it be afterwards discovered that there was some defect in the appointment of any members of the Committee or merely because there was a vacancy in the committee, be as valid as if every such member was duly appointed and qualified.
10. Office Bearers (a) The Managing Committee shall be elected among themselves the following office-bearers: (i) President (ii) Two Vice Presidents (iii) One Honorary Secretary (iv) One Honorary Treasurer 19
(b)
The Office-bearer elected as above shall hold office for the year for which they are elected, without prejudice to the right to be re-elected.
11. Powers and Duties of Managing Committee (a) The Managing Committee shall have the following powers in addition to any other powers conferred by these presents: (i)
To get the Association registered under the Societies Registration Act or Chartered by Parliament.
(ii) To institute and confer honorary membership, degrees, diplomas and certificates; (iii) To accept or sanction donations, grants, endowments and loans; (iv)
To invest the funds of the Association in the best manner deemed fit and as set forth in the Memorandum of Association;
(v)
To publish Annual Reports and Accounts;
(vi) To purchase, hold and dispose of property and deal with all matters relating to properties belonging to the Association; (vii) To make, repeal and/or amend such bye-laws not inconsistent with these Rules as considered necessary or expedient for the internal management and or the well being of the Association and to place before the next ordinary General Meeting for ratification. (The bye-laws made by Managing Committee shall be operative and binding upon all members of the Association until repeated or changed at a General Meeting of the Association). 20
(viii) To operate accounts with the Association’s Bankers by authorising joint operation by the Treasurer and Secretary or an officer of the Association, in the event of absence of any one of the office-bearers among these three, any office bearer viz. the President, Vice Presidents, shall operate the account, with the Secretary, Treasurer or officer who is present; (viii)(a)The Managing Committee shall also have the power to authorize the following to operate the bank accounts of the Association with respective drawing limits as under: Upto Rs.5,000 – Head of Finance & General Manager Upto Rs.25,000 – Head of Finance & Executive Director Upto Rs.100,000 – Executive Director & President or Treasurer More than Rs.100,000 – President or Treasurer & one of the Office-Bearers (ix) To decide all matters relating to publicity, publication of books, conduct of Conferences, Seminars, Symposia, Lectures, Plans for opening Libraries, Reading Rooms, Museums and Laboratories and other Service Departments and appointment, discharge and other conditions of employment of Professors, Lecturers, Editors, Agents, etc. (x) To enter into an arrangement or agreement upon such terms and subject to such conditions as the Committee may deem desirable for working in coordination with any body or association organised for similar purposes or with like objects. (xi) To perform any act or acts as, in the opinion of the committee, will in any way promote the best interests of the Association. 21
(xii) To borrow money, if necessary, for the purpose of the Association in such form and manner as shall be specified by a resolution duly passed at a meeting of the Managing Committee; (xiii) To co-opt not more than four Members as and when necessary for any specific purpose conducive to the objects of the Association, without power of voting; (xiv) To elect patrons and patron-in-chief. (xv) To nominate from among the Committee Members and/or from the General Members, where necessary, Sub-Committees and delegate to them such powers as it may think fit to prescribe in the terms of reference; (xvi) To establish a Secretariat and or other administrative office as considered necessary for carrying out the business of the Association; (xvii) To invite experts including non-members to assist the Managing Committee in its duties if in the opinion of the Managing Committee it is desirable to do so. Special invitees shall not have voting rights at the M.C. Meeting.
12. Powers and Duties of Office-Bearers (a) President
The President shall be the first official head of the Association and shall preside over all meetings of the Managing Committee, at all annual and extraordinary general meetings and lead all deputations. The President, shall also, at any time, when he shall deem proper, communicate to the Association or to the Managing Committee such matters and shall make such suggestions as may, in his opinion, tend to safeguard the property and promote the welfare and increase the usefulness of the Association, and shall 22
perform such other duties, as may be incidental to the office of the President. He shall have an original and in case of equality of votes a casting vote at all meetings.
(b) Vice President
Any one of the Vice Presidents, in the absence of the President, shall have the powers to perform the duties of the President. In the absence of the President and both the Vice Presidents, any other member of the Managing Committee nominated by the President shall have the powers to perform the duties of the President.
(c) Honorary Secretary (i)
The Honorary Secretary shall be responsible for the custody and control of the properties belonging to the Association and of all the books, papers and documents of the Association. He shall be responsible for organizing and convening meetings and for financial and general administration of the Association. He shall be responsible to keep accurate record of proceedings of the Association and of the Managing Committee and to direct the collection of the subscription and the preparation of accounts in cooperation with the Honorary Treasurer.
(ii) He shall hold and operate an imprest fund through the Executive Director or any other official of MMA Secretariat as authorised by the Managing Committee for defraying petty and other emergent expenses. Such petty expenses shall be finally approved by the Managing Committee, through the quarterly accounts.
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(d) Honorary Treasurer (i)
The Honorary Treasurer shall be the custodian of the finances and accounts of the Association and shall operate the accounts of the Association with the scheduled banks or co-operative societies or Government Treasury, etc. as provided in Rule 11 (viii) above.
(ii) The Honorary Treasurer shall be responsible for preparing and presenting the annual budget for approval of the Managing Committee, and also for preparation of quarterly accounts showing statement of income and expenditure for approval of the Managing Committee. He shall also be responsible for preparation of income and expenditure accounts and Balance Sheet of the Association for each year. (iii) He shall be responsible for collection of monthly/ annual subscriptions, special fees, donations and other income due to the Association from the members or others. He shall arrange for prompt payment of approved bills of the Association. (iv) He shall also perform such duties as the Managing Committee may determine from time to time.
13. Managing Committee Meeting (a) The Managing Committee shall ordinarily meet atleast once a quarter to consider and approve the activities of Association and accounts of previous months and also to direct the following quarter’s activities. Any special subject may also be discussed in such quarterly meetings. (b) The Honorary Secretary or the President or in their absence either of the Vice-Presidents, or in their absence any other Member of the Managing 24
Committee acting on instructions of the President, may at any time convene a meeting of the Managing Committee. (c)
The quorum for any Managing Committee Meeting shall be FIVE members present, of whom not less than TWO shall be representative of institutional members.
No quorum is necessary for the meeting of the SubCommittees.
(d) Questions arising at meetings shall be decided by a majority of votes. (e)
A resolution in writing signed by all the Members of the Managing Committee shall be valid and effectual as if it had been passed at a duly convened meeting of the Managing Committee.
(f)
No resolution passed at any meeting of the Managing Committee shall be rescinded at any subsequent meeting unless notice of the intention to propose such rescission shall have been given in the circular convening the meeting.
(g) The Secretariat or the Hony. Secretary under the directions of the President, shall send at least seven days’ notice of every Committee Meeting to each member of the Committee and the notice shall contain the time, date and place of the meeting and details of the business to be transacted at the meeting. However, an emergent meeting may at the discretion of the President, be called by a notice shorter than seven days.
14. Finance (a)
The accounting year of the Association shall be from April to March of the year. 25
(b) A budget shall be tabled by the Honorary Treasurer before the Managing Committee for their approval in their first meeting soon after taking over the Association’ management from the previous committee. This budget shall cover expected business activities of the Association during the official year in question showing the income and expenditure. (c) The Association’s expenditure shall be subject to budget sanctioned. Where an expenditure falls outside the sanctioned budget at any time, prior approval of the Managing Committee shall be normally obtained. (d) Investment of funds: All the monies/funds of the Associations shall be invested in: (i)
Immovable properties; or
(ii) In securities of Government or in National Savings Certificate or other securities of the Government of India; or (iii) In “Units” issued by the Unit Trust of India; or (iv) In Securities of undertakings of the State Government or the Government of India. (v) In other investments as per Section 11(5) of the Income Tax Act, 1961 In respect of any portion of its funds not immediately required, shall be deposited in: (i)
Post Office Savings Bank account or;
(ii) In a special account opened by the Association for the purpose in any banking company as defined in the Banking (Regulation) Act, 1949 (Central Act, X of 1949) or; (iii) Corresponding new bank as defined in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (Central Act 5 of 1970) or; 26
(iv) Society registered or deemed to be registered under the Tamilnadu Co-operative Societies Act, 1961 (Tamil Nadu Act 33 of 1961) the primary object or principal business of which is the transaction of banking business. (e)
Payment against purchases and other services (except the service of the association and payments made from the imprest Fund) exceeding Rs.50 in each shall be made by crossed cheques.
(f) No expenditure shall be incurred by any Sub Committee as may be nominated except with the previous approval of the Managing Committee, either in the form of budget or otherwise. (g)
A statement of income and expenditure with a Cash/ Bank reconciliation Statement shall be placed every quarter by the Honorary Treasurer for the approval of the Managing Committee. A balance sheet for the official year shall be placed by the Honorary Treasurer before the Managing Committee for approval and then be certified by a statutory auditor. Such audited financial accounts only shall be presented to the Members for adoption in their Annual General Meeting.
15. Audit (a)
Once in every year, the accounts of the Association shall be audited by an Auditor who shall be Member of the Institute of Chartered Accountants of India, constituted under the Chartered Accountants Act, 1949 (Central Act XXVIII of 1949).
(b). An Auditor shall retire at the Annual General Meeting following his appointment, but shall be eligible for re-election. The nomination of Auditors shall be 27
submitted by the Managing Committee to the Annual General Meeting. Members, if they so desire, may also make additional nomination or nominations by giving 10 days notice in writing to the Honorary Secretary together with the acceptance in writing of the person proposed. In the event of no Auditor being appointed at such meeting or any adjournment thereof, the Managing Committee shall appoint a properly qualified Auditor in his place. (c)
No member of the Association shall be eligible for election as an Auditor.
(d)
The Auditor’s Report shall be read together with the Report of the Managing Committee at the Annual General Meeting.
16. General Meetings (a) Annual General Meeting shall normally be held within three months of the close of the financial year, for the following purposes: (i)
Adoption of the Annual Report together with the audited income and expenditure statement and Balance Sheet for the preceding year.
(ii) Recording the election of the Members to the Managing Committee. (iii) Appointment of an Auditor. (b) The Managing Committee may whenever it thinks fit, convene an Extraordinary General Meeting and it shall, on a requisition in writing signed by one half of the total members or 100 members whichever is less of whom at least 50% should be representing the institutions, who are not defaulters in any manner to the association convene an Extraordinary General 28
Meeting within one month of the receipt of such requisition. Any such requisition shall express the specific business proposed to be transacted at such meeting and shall be delivered to the Honorary Secretary at the registered office of the association. (c)
An Extraordinary General Meeting of the Association shall be called within one month from the date of receipt of their requisition in writing from the number of members specified in Rule 16(b) of the Society. The provisions regarding notice of general meeting to the members shall apply to an extraordinary general meeting also. (d) Provided that, except in case of a motion of “No Confidence� in the Managing Committee, the Managing Committee may at their discretion, refrain from convening such Extraordinary General Meeting if an Annual General Meeting is to be convened within three months from the date of receipt of the requisition by Association. This shall be intimated in writing to the signatories of the requisition. (e). If, at any Annual or Extraordinary General Meeting the entire business could not be transacted, for any reasons whatsoever, the President may with the consent of the meeting, adjourn the meeting to a future date and announce the same thereat but no business shall be transacted at any stage of the adjourned Meeting other than the business left unfinished at the Meeting from which the adjourned meeting took place. (f) No notice of such adjourned meeting shall be required to be given. No quorum shall be required for such an adjourned meeting and the persons present shall themselves form a quorum. 29
17. Notice of Meetings
Notice of general meeting of association shall be given to the members atleast twenty one days before the day appointed for such meeting; the notice shall be sent to members by one or more of the following modes namely: (a) by local delivery; or (b) by post; or (c) by circulation among the members; or (d) by publication through press The notices shall also be affixed to the notice board of the society.
18. Electorate and Quorum (a)
The electorate for the election of the Members of the Managing Committee shall consist of persons who are eligible to vote as per Rule 6(d).
The Quorum for all general meetings shall be one half of the total members or thirty, whichever is less, of whom at least 50% should be representing the institutions.
(b). If, at any Annual or extraordinary General Meeting, a quorum be not present within fifteen minutes after the time appointed for the meeting, the meeting shall be dissolved by the Chairman, and be adjourned by him to such future date, not exceeding 14 days later and at such time and place as he may appoint, but it shall not be necessary to give notice of such adjourned meeting. If, at such and adjourned meeting, a quorum again be not present within fifteen minutes of the time appointed, the Members present shall form a quorum and may transact the business for which the meeting was called. 30
19. Procedure of Meeting (a) All questions at General Meetings shall be decided by a majority of votes. Every Institutional Member present in person or by proxy shall have two votes and every individual member one vote. On demand of a poll at any time by not less than fifty per cent of Members present, the same shall be taken in such manner as the President directs and results of such poll shall be deemed to be the resolution of the Association in the General Meeting. (b) The Chairman of the General Meeting at which the poll is demanded shall appoint two Scrutineers who shall open the voting papers and report to the Members present the result of the voting and this report shall be conclusive evidence of the result of the poll. A poll shall not be taken as to the appointment of Chairman or of Scrutineers or the adjournment of the meeting. The demand for a poll shall not prevent the continuance of meeting for the transaction of any business other than that for which the poll was demanded. A demand for poll may be withdrawn.
20. Indemnity
No member of the Managing Committee shall be liable for the acts, receipts, neglects or defaults of any other Member of the Committee or for any loss or expenses happening to the Association through the insufficiency or deficiency of title to any property acquired by or on behalf of the Association or for the Association for the insufficiency or deficiency of any surety in or upon which any of the monies of the Association shall be invested or for any loss or damage arising from the bankruptsy, insolvency, or tortuous act of any person with whom any monies, securities, or effects shall be deposited or for any loss or error of 31
judgement, omission, default or oversight on his own part or any other loss, damage or misfortune whatever which shall happen in relation to the execution of the duties of his office or in relation thereto unless the same happen through his own wilful default or neglect.
21. General (a) All communications, correspondence, reports, minutes and other papers and documents relative to the admission, or advancement of members, including the Report of the Examining Committees, or the forfeiture of Membership of any Member shall be privileged and confidential and shall not be passed out of the custody of the proper officer nor shall any of the contents be disclosed outside the Managing Committee. (b)
At any time, if it is found that the affairs of the Association cannot be carried on either because it has outlived its usefulness or because sufficient funds or support are not forthcoming or for any other unforeseen cause or reason, the Managing Committee, may, by a majority of three-fourths of its total members recommend the winding up of the Association at an Extraordinary General Meeting specifically called for that purpose. The Association shall not be wound up except by a clear majority of three-fourths of its General Members present and voting at the Extraordinary General Meeting.
(c) In the event of such winding up, any net assets whatsoever belonging to the Association shall not be distributed among its members but shall be donated to some other organisation having similar objects to 32
be determined by votes of not less than three fourths of the Members of the Association present at a Special Meeting called for that purpose. (d) No member of the Managing Committee shall be permitted to have an interest directly or indirectly in any contract with the Association. (e) These rules shall only be added to, repealed or amended by a resolution of the Members passed by a majority of not less than three-fourths of the Members as are present in person at an Annual General Meeting or at an Extraordinary General Meeting convened for the purpose. (f)
The Managing Committee is the sole authority for the interpretation of these Rules. The decision of the Managing Committee upon any matter affecting the Association and not provided for by these Articles or by the Rules, shall be final and binding upon all Members.
(The above Memorandum and Rules of Association of the MMA as amended at the Annual General Meeting held on 25 June 1999 was filed before Sub Registrar of Societies, Madras Central on 23 September 1999 as per the Tamil Nadu Societies Registration Act of 1975 and has been duly certified by them).
33
Letter from the Tamil Nadu Government ABSTRACT Acts and Rules – Tamil Nadu Societies Registration Act, 1975 – Madras Management Association, Madras – Exemption from the provisions of Section 15(3) of the Act – Granted.
INDUSTRIES DEPARTMENT G.O. Ms. No. 3 Dated 2.1.84 Ruthrothkari Margazhi 18 Thiruvalluvar Aandu 2014 Read: (i) From the Executive Director, Madras Management Association, Madras Lr. MMA/EST/83, dated 18.6.83. (ii) From the Executive Director, Madras Management Association, Madras Lr. No. MMA/EST/83, dated 30.6.83. (iii) From the Inspector General of Registration Lr. No. K. Dis. 43090/11/83, dated 18.7.83. ORDER: The Madras Management Association was registered under the Societies Registration Act, 1860 in 1956. This is an associated body with the All India Management Association. The All India Management Association has issued certain guidelines to enable different Management Association to have more or less a common pattern of management. 34
The Executive Director of the above Association has stated that in order to evolve a uniform pattern of Constitution for all local management associations affiliated to All India Management Association, the Madras Management Association has passed certain amendments to its existing memorandum and Rules. When these amendments were sent to the District Registrar, Madras North, for registration, he has accepted all the amendments except Rule 7(a) of its Rules since it is contrary to provisions of Section 15(3) of the Tamil Nadu Societies Registration Act, 1978. The Executive Director has also stated that the proposed amendment does not make any basic changes in the existing rules and that it was felt that representation at Chief Secretary’s level and Vice Chancellors’ level would be more appropriate and in keeping with similar provisions being sought to be made at other States. He has therefore requested the Government to exempt the Madras Management Association from the operation of Section 15 of the Tamil Nadu Societies Registration Act, 1975 to enable them to have its ex-officio members of the Managing Committee. The Inspector General of Registration has been consulted in the matter. He has stated that rule 7(a) of the said Association both existing and the amendment proposed therefore not in accordance with the provision in Section 15(3) of the Tamil Nadu Societies Registration Act, 1975. He has, therefore, requested that the Government may be pleased to grant exemption to the Society so that the amendment to rules can be filed by the District Registrar, Madras (North). The Government accept the recommendation of the Inspector General of Registration.
35
In exercise of the powers conferred by Clause (1) of Section 54 of the Tamil Nadu Societies Registration Act, 1975 (Tamil Nadu Act 27 of 1975). The Governor of Tamil Nadu hereby exempts the Madras Management Association, Madras, from the provisions of sub-section (3) of Section 15 of the said Act so as to enable the said association to appoint the exofficio members in the Managing Committee. (BY ORDER OF THE GOVERNOR) V.SELVARAJ, Commissioner & Secretary to Government. To The Executive Director, Madras Management Association, 22; Dr B N Road, T Nagar, Madras-17. The Inspector General of Registration, Madras-1. Copy to: B Section Copy to: SF/SC /Forwarded by Order/ 21-1-84
Sd./
Section Officer s.v.s.1. (True copy)
36
Fountainhead of Excellence
Madras Management Association
Income & Expenditure for the year ended 31 March, 2018 Schedule No. Year ended Year ended INCOME 31.03.2018 31.03.2017 Rs. Rs.
8
13,022,944 13,513,083
Journals (Business Mandate)
695,455 877,313
Events and Conventions
Programme Activities
9
7,834,058 8,400,069
Interest 8,292,899 10,734,373 Subscriptions 10 8,584,683 7,529,889 Contribution to MMA Activities
4,000,000 500,000
Total 42,430,039 41,554,727
Schedule No. Year ended Year ended EXPENDITURE 31.03.2018 31.03.2017 Rs. Rs. Events and Conventions
11
Journals (Business Mandate)
6,784,388 6,482,036 569,899 533,135
Programme Activities
12
4,187,825 4,952,217
Other Activities
13
997,904 745,379
Administrative Expenses
14
16,355,071 16,174,294
Depreciation 4 1,339,378 269,019 Total 30,234,465 29,156,080 Surplus of Income Over Expenditure Transferred to General Fund
12,195,574 12,398,647
42,430,039 41,554,727 Accounting Policies and Notes (Schedule (15) The accompanying schedules form an integral part of the Financial Statements.
Place : Chennai Date : 06.06.2018
Kavitha D Chitturi President
C V Subba Rao Hon. Treasurer
Bhavani Balasubramanian
(continued...)
Annual Report 2017-18
20
Fountainhead of Excellence
Madras Management Association
Income & Expenditure for the year ended 31 March, 2018 Year ended Schedule INCOME 31.3.2018 No. Rs.
Year ended 31.3.2017 Rs.
8 9
Events and Conventions Annual Convention 4,804,426 5,645,108 Women Managers Convention 1,792,438 2,232,477 Management Students Convention 3,039,505 3,097,727 Other Events 3,386,575 2,537,771 Total 13,022,944 13,513,083 Programme Activities Chennai 7,431,941 7,779,244 Other Chapters Salem 34,164 119,435 Hosur 13,043 13,947 Erode 108,988 121,546 Puducherry 80,675 129,287 Namakkal 81,806 166,839 Ambur - Trichy 83,441 69,771
10
Total 7,834,058 8,400,069 Subscription Chennai 7,820,748 6,786,594 Other Chapters Salem 71,520 80,260 Hosur 23,240 90,876 Erode 129,921 108,314 Puducherry 101,456 182,981 Namakkal 148,564 96,350 Ambur 1,786 55,600 Trichy 287,448 128,914 Total
8,584,683 7,529,889
Year ended Schedule EXPENDITURE 31.03.2018 No. Rs.
Year ended 31.03.2017 Rs.
11 12
Events and Conventions Annual Convention 1,693,795 1,686,334 Women Managers Convention 1,167,468 1,446,001 Management Students Convention 1,537,651 1,652,464 Other Events 2,385,474 1,697,237 Total 6,784,388 6,482,036 Programme Activities Chennai 3,854,102 4,361,677 Other Chapters Salem 31,920 118,629 Hosur - 7,849 Erode 75,729 90,058 Puducherry 86,428 148,552 Namakkal 74,175 138,992 Ambur - Trichy 65,471 86,460
13
Total 4,187,825 4,952,217 Other Activities Joint Staff Development Programme 39,860 41,527 AIMA Affiliation Fee 318,114 286,385 EDC Programmes 119,985 41,525 General Programme 519,945 375,942
14
Total 997,904 745,379 Administrative Expenses Annual General Meeting 235,185 564,492 Establishment (Includes PF Contributions, Incentive, Gratuity Provision etc.) 11,690,878 10,914,223 Office Maintenance 2,610,188 2,626,552 Miscellaneous 1,818,820 2,069,027
Annual Report 2017-18
Total
21
16,355,071 16,174,294
Fountainhead of Excellence
Madras Management Association
Balance Sheet as at March 31, 2018 Schedule No. As at As at LIABILITIES 31.03.2018 31.03.2017 Rs. Rs.
General Fund Endowment Funds Current Liabilities & Provisions
1 2 3
373,739,619 358,910,570 3,720,001 5,320,001 8,812,461 6,529,899
Total 386,272,081 370,760,470 ASSETS Fixed Assets Tangible Fixed Assets 4 239,325,869 229,047,215 Capital Work-in-Progress 62,151,978 8,782,349 Current Assets 5 11,851,095 9,046,787 Loans, Advances & Deposits 6 1,312,608 627,895 Investments 7 71,630,531 123,256,224 Total 386,272,081 370,760,470 Accounting Policies and Notes (Schedule 15) The accompanying schedules form an integral part of the Financial Statements.
Place : Chennai Date : 06.06.2018
Kavitha D Chitturi President
C V Subba Rao Hon. Treasurer
Schedule
Schedule Particulars No.
Bhavani Balasubramanian
As at 31.03.2018 Rs.
As at 31.03.2017 Rs.
1
General Fund General Fund Opening Balance b/f 358,910,570 346,033,709 Add: Transfer from Building Fund 2,100,000 Add: Transfer from Income & Expenditure A/c 12,195,574 12,398,646 Entrance Fee 349,000 332,128 Infrastructure Development Grant (KAS) 184,475 146,087 Total 373,739,619 358,910,570
2
Endowment Funds Building Fund - 2,100,000 Women Managers Corpus Fund 50,000 50,000 K Eswaran Memorial Endowment Lecture Fund 1,550,000 1,550,000 Dr KCG Verghese Endowment Lecture Fund 1,000,000 1,000,000 Shri Raghu Pillai Endowment Lecture Fund 500,001 500,001 Add: Addition During the year 500,000 1,000,001 MMA & MOP Dr K Nirmala Prasad Endowment Prize 120,000 120,000 Total
3
Total
5
8,812,461 6,529,899
Current Assets Interest Accrued on Fixed Deposits 308,132 2,027,864 Cash & Bank Balances: Cash on Hand 1,812 3,229 Balances with Scheduled Banks 4,596,391 1,602,802 Other Receivables 6,944,760 5,412,892 Total 11,851,095 9,046,787
6
3,720,001 5,320,001
Current Liabilities & Provisions Konrad-Adenauer-Stiftung Project Advance 2,084,902 1,388,546 Other Payables 2,542,960 1,100,836 Library Deposit 312,500 309,000 Advance Subscription / Entrance Fees 2,231,897 2,278,600 Provision for Employee Benefits 1,640,202 1,452,917
Loans, Advances and Deposits Loans and Advances 22,900 31,000 Deposits 1,289,708 596,895
Annual Report 2017-18
Total
22
1,312,608 627,895
Fountainhead of Excellence
Schedule 4 (in Rs)
Madras Management Association
Fixed Assets Opening Balance as on 01.04.2017 A
Particulars
Land
Additions
Deletions
B
C
Total D
Depreciation for the year
WDV as at 31.03.2018
E
(D-E)=F
227,861,320 - - 227,861,320 - 227,861,320
Building 75,000
- 75,000
Furniture & Fittings
340,720 3,383,459
- 3,724,179 225,055 3,499,124
Office Equipments
541,224 4,940,655 162,863 5,319,016 652,439 4,666,577
Computers including Softwares
122,201 156,334
Audio & Video Equipments
143,549
Total
3,382,998
67,500
- 278,535 176,460 102,075
38,201 - 14,002
Air Conditioners
7,500
143,549
24,199 24,199
-
3,382,998 253,725 3,129,273
229,047,215 11,938,446 320,414 240,665,247 1,339,378 239,325,869
Previous year
229,072,643
243,591
- 229,316,234 269,019 229,047,215
Schedule 7 (in Rs)
Investments
Investments at Cost As at As at 31.03.2018 31.03.2017 Rs. Rs.
Fixed Deposits 7,500,000
7,500,000
Housing Development Finance Corporation Ltd
25,000,000
30,000,000
Sundaram Home Finance Ltd
28,500,000
28,500,000
1,700,000
Karur Vysya Bank Ltd
5,500,000
130,531
33,556,224
PNB Housing Finance Ltd
8,000,000
12,000,000
Axis Bank Ltd
2,500,000 4,500,000
City Union Bank Ltd
State Bank of India
Canara Bank (Building Fund)
71,630,531
Place : Chennai Date : 06.06.2018
Annual Report 2017-18
Kavitha D Chitturi President
C V Subba Rao Hon. Treasurer
23
123,256,224
Bhavani Balasubramanian
Fountainhead of Excellence
Madras Management Association
Significant Accounting Policies and Notes Schedule 15
Background: 1 Madras Management Association (“The Association”) was registered on 16th July 1956 under the Societies Registration Act 1860. The Association is a not for profit organisation and does not operate with respect to specific industry. The Association conducts management activities and events for its members and to general public. Significant Accounting Policies: 2 Income and Expenditure are accounted for on accrual basis except sponsorship fee which is accounted on cash basis in view of uncertainty of realisation. 3 a) Fixed Assets are stated at cost less depreciation b) Depreciation is provided on Written down value method at rates and in the manner prescribed under the Income Tax Rules. 4 Capital work-in-progress - Projects under which tangible fixed assets are not yet ready for their intended uses are carried at cost, comprising direct cost and related incidental expenses. 5 Long Term Investments are stated at Cost and provision for diminution is made if the decline in value is of nature other than temporary. 6 Employee Benefits: 1. Defined Contribution plan: Fixed monthly Contributions to Provident Fund, Family Pension Fund paid to Regional PF Commissioner are charged to Income and Expenditure account. 2. Defined Benefit Plan: The liability for Gratuity to employees, as at Balance Sheet date determined on actual basis as per the Payment of Gratuity Act 1972 is provided for. Liability for long term compensated absences is determined on actual basis and is provided for. 7 Endowments received for specific purposes are kept in the respective funds. 8 Foreign Currency Transactions: All foreign contributions received are recorded at the rates prevailing on the date when the credit is given by the bank, to the Association’s account. Other significant information: 9 Previous year’s figures have been reclassified wherever necessary to conform to current year’s classification.
Place: Chennai Date : 06.06.2018
Annual Report 2017-18
Kavitha D Chitturi President
24
C V Subba Rao Hon. Treasurer
Fountainhead of Excellence
to the
Independent Auditors’ Report Members of Madras Management Association
Report on the Financial Statements We have audited the financial statements of MADRAS MANAGEMENT ASSOCIATION (“the Association”), a society registered under the Societies Registration Act XXI of 1860, which comprise the Balance sheet as at 31st March 2018 and the Income and Expenditure Account for the year ended 31st March 2018 and a summary of the significant accounting policies and other explanatory information. Management’s Responsibility for the Financial Statements The Association’s Management is responsible for the preparation of these financial statements that give a true and fair view in conformity with the accounting principles generally accepted in India. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. Auditors’ Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with the ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatements. An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in the financial statements.The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers the internal controls relevant to the Association’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Association’s internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the Management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give a true and fair view in conformity with the accounting principles generally accepted in India of the state of affairs of the Association as at 31st March, 2018, and the excess of income over expenditure for the year ended on that date.
For DELOITTE HASKINS & SELLS Chartered Accountants (Firm’s Registration No. 008072S) Bhavani Balasubramanian Partner Membership No.22156
Place : Chennai Date : June 06, 2018
Annual Report 2017-18
25
Chartered Accountants
Deloitte Haskins & Sells
ASV N Ramana Tower 52, Venkatnarayana Road T. Nagar
Chennai - 600 017 Tamil Nadu, India Tel: +91 44 6688 5000 Fax: +91 44 6688 5050
INDEPEN DENT AUDITORS' REPORT .TO THE MEMBERS OF MADRAS MANAGEMENT ASSOCIATION
Opinion We have audited the financial statements of MADRAS MANAGEMENT ASSOCIATION (the "Association"), which comprise the Balance Sheet as at March 31, 2Ot9, and the Income and Expenditure Account fcr the year then ended, and a summary of significant accounting policies.
In our opinicn and to the best of our information and according to the explanations given to us, the aforesaid financial statements give a true and fair view of the financial position of the Association as at March 31, 2019, and of its financial performance for the year then ended in accordance with the Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI).
Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (SAs) issued by ICAI.
Our responsibilities under those "standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Association in accordance with the Code of Ethics issued by ICAI and we have fulfilled our other ethical responsibilities in accordance with the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.
Responsibilities of Management and Those Charged with Governance for the Financial Statements Association's Management is responsible for the preparation of these financial statements that give a true anci fair view of the state of affairs of the Association and results of operations of the Association in accordance with the accounting principles generally accepted in India. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Association's ability to continue as a going concern, disclosing, as applicable, matters
concern basis of accounting unless management either intends to liquidate the Association or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Association's financial
related
to going concern and using the going
reporting process.
n b
Deloitte Haskins & Sells Auditor's Responsibilities for the Audit of the Financial Stut.-.nt,
t
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level.of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggreg'ate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
t
As part of an audit in accordance with SAs, we exercise professional judgment and maintain' professional skepticism throughout the audit. We also:
ll
t
. I
I
I i
.
I I
. l
.
Identify and assess the risks of material misstatement of the financial. statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting froin fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order'to dd6ign audit procedures that are appropriate in the circumstances, but .not for the purpose of expressing an opinion on the effectiveness of the Association's internal control. Evaluate the appropriateness of .accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Association's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Association to cease to continue as a going concern.
For DELOITTE HASKINS & SELLS Chartered Accountants (Firm Registration No. 0080725)
etL\"-a--_3â&#x201A;Ź< Bhavani Balasubramanian Place: Chennai Date: June 5, 2019
*\"' ."\
/.=-
Partner Membership No. 22156
lt MAPRAS MANAGEMENT ASSOCIAilON sAthNCE SHEET AS AT MARCH 31, 2019 LIABILITIES
As
Schedule No
at March 31,
Geleraf Fund
ffii jF"
As at March 31,
)o1c
2018
382,L26,48L
373,739,6L9
Endowment Funds
2
3,72O,OOL
3,720,OO1
Current Liabilities & Provisions
3
8,565,736
8,8!2,467
394,4L2,218
386,272,081
306,013,631
239,325,869
Total ,
ASSETS
lF" Fixed Assets
Tangible Fixed Assets
['.
l
62,L51,978
Capital Work-in-Progress
Current Assets
5
87,574,173
83,481,626
Loans, Advances and Deposits
o
88/.,4L4
1,3L2,608
394,4L2,21,8
386,272,08L
Total
n
\ccounting Policies and Notes (Schedule (15) The accompanying schedules form an integral part of the Financial Statements' In terms of our report attached for Deloitte Haskins & Sells
L fr'
Chartered Accountants Ir)
I
rlace: Chennai )ate:June 5, 2019
0/5ubW Rao
CVSubba
Hon, Treasurer
'
â&#x201A;¬6;-r:'=*fu*9c*ett Bhavani Balasubramanian Partner
* JVTANTTG EM
&
ENT ASSOCTATTON
EXPENDITURE FOR THE YEAR ENDED MARCH
INCOME
3L,20L9 Year Ended
Schedule No
3tj2otg
rvtarch
7
8,990,936
876,078 Activities
8
Year Ended
March 31,2018 L3,022,944 695,455
78,624,096
7,934,059
5,339,952
8,292,899
8,610,947
8,584,693
9,8oo,0oo
4,000,000
52,24L,OO9
42,43O,039
[,ro8ram Interest iubscriptions
9
,.Contribution to MMA Actiivities
Total
EXPENDITURE T
Events and Conventions
Year Ended
Year Ended
March 31, 2019
March 31, 2018
4,ggg,g55
6,784,388
Schedule No
10
Journals (Business Mandate)
468,56L
569,899
Program Activities
tL
L0,L69,734
4,L87,825
bther Activities
!2
396,429
997,904
Administrative Expenses
13
Depreciation
4
t
Total
18,938,269
16,355,071
9,452,299
L,339,378
44,424,247
30,234,465
7,8t6,762
12,L95,574
52,24L,OO9
42,430,O39
Surplus of lncome Over Expenditure transferred to General
:und
Accounting Policies and Notes (Schedule (15) The accompanying schedules form an integral part of the Financial Statements. In terms of our report aftached
for Deloitte Haskins & Sells Chartered Accountants
, iln
lll
YL--;Y-'-'---^
Place: Chennai Date: June 5,20L9
L
Ramkumar President
nta
h
Qt5ubb*V*
Racr-l:-
C V Subba Hon. Treasurer
ffi
%'qg*=e.o*Ea-$r..4Bhavani Balasubramaniar
Partner
[', MTADRAS wQANAGEM ENT ASSOCIATION
ii'liidules
F
Schedule
Particulars
No
As at March 31,
As at March 31,
2019
2018
ll 7
Fl''
General Fund General Fund Opening Balance
rilri
2,100,000
Add: Transfer from Income & Expenditure A/c
$: ff,
Entrance Fee
tnfrastructure Development Grant TOTAL
(KAS)
7,816,762
12,795,574
405,600
349,000
164,5(x)
LU,475 373,739,6t9
382,t26,48L
z Endowment Funds
Women Managers Corpus Fund K Eswaran
Dr
;
KCG
Memorial Endowment Lecture Fund
Verghese Endowment Lecture Fund
Shri Raghu Pillai Endowment lecture Fund Add: Addition During the year MMA & MOP Dr K Nirmala Prasad Endowment Prize
m
50,000
50,000
1,550,000
1,550,000
1,000 000
1,000,000
1,000,001
500,001
120,000
500,000 120,000
Current liabilities & Provisions 2,t87,389
z,O8r'.,902
Other Payables
698,014
2,542,960
Library Deposit
324s00
3r2,500
3,170,L56 2,t85,677
2,23r,897 r,640,202
Konrad-Adenauer-Stift ung Project Advance
l$
Advance Subscription
lI
/
Entrance Fees
Provision for Employee Benefits
Current Assets Interest Accrued on Fixed Deposits
8,812,46L
8,565,736
TOTAT 5
3,720,@t
3,72O,00t
TOTAL J
i$'
35&910,570
373,739,6t9
b/f
Add: Transfer from Building Fund
34,Ut
308,r32
989 2,677,48O 80,000,(x)0
4,596,39L 7L,630,53t
Cash & Bank Balances: Cash on Hand
lll
Balances with Scheduled Banks Investment in Banks (Schedule 14)
6,944,760
48O1,663
Other Receivables
83,481,626
87,5t4,173
TOTAT
I
T,8L2
6 Loans, Advances and Deposits Loans and Advances
F
Deposits TOTAT
I
29,980
22,900
854,434
L,289,708
884,4t4
1,312,608
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[4DR4S MANAGEM ENT ASSOCTATTON
bheiules
2)
7
r
March 31,2019
Events and Conventions
Annual Convention
3,Lst,184
Women Managers Convention Managements Student Convention
t,4gg,o23
Other Events
4,804,426 1,792,438 3,039,505 3,386,s75
2,696,969 L,643,760 g,ggo,g35
TOTAI-
8
Year Ended March 31,2018
Year Ended
INCOME
13,022,944
Program Activities Chennai
18,168,683
7,43L,941
82,46t
34,164
9,823
108,988 80,675 81,806
Other chapters Salem
13,043
Hosur Erode
50,577 97,929 159,505 55,118
Puducherry Namakkal
Attur Trichy
9
83,44r 7,934,059
18,624,096
TOTAL
Subscriptions Chennai
g,o6t,92g
7,822,534
110,592 8,200 13,900 18,100 110,968 134,000 153,258
7t,520
Other chapters Salem
Hosur Erode
Puducherry Namakkal
Attur Trichy TOTAT
23,240
129,92r 101,456 148,564 287,448 8,51O,947
ffi
8,584,683
MANAGEMENT ASSOCIATION
p,h.edy!e
,r.
Year Ended March 31,2018
Year Ended
EXPENDITURE
No;i':
March 31,2019
l
;,1, ,, ..1
Events and Conventions Annuai Convention Women Managers Convention Managements Student Convention Other Events
1.10
I
I Program Activities I I I
I
Chennai
4,ggg,g55
6,784,388
9,68L,U1
3,854,r02
72,617
3t,920
Other chapters Salem
Hosur Erode
26,47L 50,712
75,729
Puducherry Namakkal
LL?,O47
74,\75
Attur
162,873
TrichY
86,428
65,47r
62,237
rorAt t2
t,t67,468 1,537,65L 2,385,474
1,169,065
TOTAI
tt
1,693,795
1,816,198 350,652 1,662,940
4,787,825
10,169,734
Other Activities Joint Staff Development Programme AIMA Affiliation Fee EDC Programmes General programme
78,839
39,860
317,59O
318,114 119,985 519,945
396,429 13
997,904
Administrative Expenses Annual General Meeting Establishment (lncludes PF Contributions, Incentive, Gratuity Provision etc) Office Maintenance Miscellaneous TOTAT
305,504
235,185
t3,652,919
rt,690,878
2,749,951 2,229,995
2,610,L88 1,818,820 18,938,269
ffi
16,355,071
Schedule 14
M4onns MANAGEMENT AssoclATloN
(in
lnvestments with Banks and lnstitutions
Rs)
'ri.r
As at March
t:
4,500,000
3t'a0Lg
2,5o0,ooo 130,531
(Building Fund) rCanara Bank r'City Union Bank Ltd
Housing Development Finance Corporation Ltd .t
PNB Housing Finance Ltd
Sundaram BNP Paribas Home Finance Ltd
3,500,000
7,500,000
25,000,000
25,000,000
17,000,000
8,ooo,ooo
30,000,000
28,500,000
In terms of our rePort attached
for Deloitte Haskins & Sells Chartered Accountants
D
l
CVSubba Rao Hon. Treasurer
l
l l I
l
l I
t I
t t
'
Madras Management Association
SIGNIFICANT ACCOUNTING POIICIES AND NOTES
SCHEDULE
15
Background:
1
Madras Management Association ("The Association") was registered on L6th July, 1-956 under the Societies Registration Act 1850. The Association is a not for profit organisation and does not operate with respect to specific industry. The Association conducts management activities and events for its members and to general public.
Significant Accounting Policies:
2
Income and Expenditure are accounted for on accrual.
3
a)
Fixed Assets are stated at cost less depreciation
b) Depreciation is provided on Written down value method at rates and in the manner prescribed under the lncome Tax Rules.
4 5
Capital work-in-progress - Projects under which tangible fixed assets are not yet ready carried at cost, comprising direct cost and related incidental expenses. Investments are stated
for their intended uses are
at Cost and provision for diminution is made if the decline in value is of nature other than
temPorary.
6
Employee Benefits:
a.
Defined Contribution plan:
Fixed monthly Contributions
to
Provident Fund, Family Pension Fund paid to Regional PF Commissioner are
charged to Income and Expenditure account.
b.
Defined Benefit Plan: The liability for Gratuity to employees, as at Balance Sheet date determined on actual basis as per the payment of Gratuity Act 1972 is provided for. Liability for compensated absences is determined on actual basis and is provided
for. Endowments received for specific purposes are kept in the respective funds Foreign Currency Transactions: All foreign contributions received are recorded at the rates prevailing on the date when the credit is given by the bank, to the Association's account. Previous year's figures have been reclassified wherever necessary to conform to current year's classification.
.lr
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Place: Chennai Date: June 5,2019
Aâ&#x201A;Ź-Y4,q_ r''
CVSubbaRao Hon. Treasurer
tr*lcitte
il{sskimx & 5etrls
Ch6Rsred Ac{buntenis Ag? N *amana Ter Br 52, \tsnkatnsrsyahe Raad T' Nager
{lrenilal - 6t* Gl? Tafilt Nads. Indla Tel;
+gl
44 668E
50*t
raxl i91 44 56&8 9n5o
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MADRAS MANAGEMENT ASSOCIATION
Opinion We have audited the financial statements of MADRAS MANAGEMENT ASSOCIATION (the "Association"), which comprise the Balance Sheet as at March 3I, 2020, and the Income and Expenditure Account for the year then ended, and a summary of significant accounting policies.
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give a true and fair view of the financial position of the Association as at March 3!,2020, and of its financial performance for the year then ended in accordance with the Accounting Standards issued by the Institute of Chaftered Accountants of India (ICAI). Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (SAs) issued by ICAI.
Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Association in accordance with the Code of Ethics issued by ICAI and we have fulfilled our other ethical responsibilities in accordance with the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.
Responsibilities of Management and Those Charged with Governance for the Financial Statements Association's Management is responsible for the preparation of these financial statements that give a true and fair view of the state of affairs of the Association and results of operations of the Association in accordance with the accounting principles generally accepted in India. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is responsible for assessing the Association's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Association or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Association's financial reporting process.
fficfi*Ift*e Seskisum
& $w$Hx
Auditor's Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As paft of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
.
. . .
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Association's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Association's ability to continue as a going concern. If we conclude that a material unceftainty exists, we are required to draw attention in our auditor's repoft to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's repoft. However, future events or conditions may cause the Association to cease to continue as a going concern, For DELOITTE HASKINS & SELLS Chartered Accountants (Firm Registration No. 0080725)
ag\_-.-1fuo=Qo
qd
Bhavani Balasubramanian Place: Chennai Date: May 29,2020
Paftner Membership No.22155 U Dl N
:
2002215644444P5090
q\'}
MADRAS MANAGEMENT ASSOCIATION BATANCE SHEET AS AT MARCH 3t,2O2O
Schedule No
UABIUTtES
As at March 31,
Year Ended March 7.1
)'l1q
'n)n
General Fund
L
39,t2,2t,tto
38,21,26,481
Endowment Funds
2
37,aO,OO1
37,20,OOt
:urrent Liabilities & Provisions
5
89,48,43L
85,65,735
40,38,89,542
39,M,L2,218
Total ASSETS
Fixed Assets
Tangible Fixed Assets
29,78,52,360
30,60,13,631
Capital Work-in-Progress
Current Assets
5
10,5L,04,248
8,75,r4,173
Loans, Advances and Deposits
5
9,32,934
8,84,414
40,38,89,542
39,M,t2,218
Total
\ccounting Policies and Notes (Schedule (15) The accompanying schedules form an integral part of the Financial Statements.
n.
t
w
I
^ f{'\J^ff^U^--^J 'lace: Chennai )ate:May 29, 2020
A VENKATARAMANI
President
SURESH
MMAN
Hon, Treasurer
ln terms of our report attached for Deloitte Haskins & Sells Chartered Accountants
@ Bhavani Balasubramanian Partner
@ryQ
M
MADRAS MANAGEMENT ASSOCIATION
INCOME
Schedule No
Events and Conventions
7
Journals (Business Mandate) Program Activities
d
Interest Subscriptions
9
Contribution to MMA Actiivities Total
Year Ended March 31,2020
Year Ended March 31.2019
7O,94,493
89,90,936
5,42,783
8,76,078
2,07,38,561
1,86,24,096
7o,1g,o6g
53,38,9s2
91,15,499
86,r0,947
45,00,000
98,00,000
4,90,09,393
Events and Conventions
5,22,47,O09
38,23,219
Journals (Business Mandate)
49,98,855
4,69,847
4,68,667
Program Activities
t7
1,03,83,530
7,07,69,734
Other Activities
!2
3,79,284
3,96,429
Administrative Expenses
13
t,70,7t,493
r,89,38,269
Depreciation
4
94,42,970
94,52,299
Surplus of Income Over Expenditure transferred to General Fund Policies and Notes (Schedule (15 The accompanying schedules form an integral part ofthe Financial Statements.
ln terms of our report attached
for Deloitte Haskins & Sells Chartered Accountants
A'\d+,-ta^^-r
@*
VIADRAS MANAGEMENT ASSOCIATION
ichedules Schedule
Particulars
No
As at March 31,
As at March 31,
2020
20t9
General Fund
7
General Fund Opening Balance
b/f
38,2L,26,482
J7,37,39,619
Add: Transfer from Building Fund :
Transfer from Income & Expenditure A/c
Entrance Fee
8439,0s1
78,t6,762
4,75,900
structure Development Grant
(KAS)
4,O5,600
t,79,677
TOTAT
r,64,500 39,rz,zr,LLO
38,2L,26,487
z Women Managers Corpus Fund K Eswaran
Memorial Endowment Lecture Fund
Dr KCG Verghese Endowment Lecture Fund Raghu Pillai Endowment Lecture Fund
Addition During the year IMMA & MOP Dr K Nirmala Prasad Endowment Prize I
I J
50,000
50,000
15,50,000
15,50,000
10 00,000
10,00,000
10,00,001
10,00,001
Liabilities & Provisions Konrad-Adenauer-Stift ung Project Advance
lCurrent
L,20,OOO
1,20,000
TOTAT
37,20,00t
37,20,OO1
23,35,481
2L,87,389
I
lOther Payables
8,33,030
6,98,014
Library Deposit
3,33,99s
3,24,sOO
30,36,474
3t,70,Ls6
24,09,455
2L,85,577
Advance Subscription
/
Entrance Fees
Provision for Employee Benefits TOTAL
Current Interest Accrued on Fixed Deposits
89,48,43s
8s,65,736
4,37,739
34,04r
t,72L
989 26,77,480 8,00,00,000
Cash & Bank Balances: Cash on Hand Balances
with Scheduled Banks
Investment in Banks (Schedule 14) Other Receivables
80,20,s78 9,30,00,000 36,44,2L0
48,0L,663
to,s'-,u,248
TOTAL
8,75,L4,773
Loans, Advances and Deposits Loans and Advances
Deposits TOTAT
78,500
29,980
8,54,434
8,54,434 9,32,934
8,84,4L4
MADRAS MANAGEMENT ASSOCIATION Schedules Schedule
INCOME
No
7
Year Ended
March 31,2019
Events and Conventions
Annual Convention Women Managers Convention Managements Student Convention Other Events
3r,5L,784
2g,gg,gg3 8,30,L02 23,16,377
14,99,023 26,96,969 16,43,760
r0,48,021
rOTAt 8
Year Ended
March 31,2020
gg,go,g36
70,94,493
Program Activities 2,02,56,857
Chennai
1,81,68,683
Other chapters Salem Hosur
745
Erode
Puducherry Namakkal
1,30,584 L,Ot,628
Attur
1,32,O78
Trichy
9,823 50,577 97,929 1,59,505
11,393
55,118
t,86,24,096
2,07,38,567
TOTAT 9
82,46!
1,05,185
Subscriptions 85,43,182
80,6r,929
Salem Hosu r
57,606
r,10,592
2,OOO
Erode
8,200 13,900
Chennai
Other chapters
Puducherry
18,500 1,51,500
Namakkal
L,42,OOO
Attur
87,600 1,13,000
Trichy TOTAL
fT\
*[
uritNNAl-r/ CHENNAI.lT
a\
J* V)
I
-Xe ACCAY
18,100
1,10,968 1,34,000 L,53,258 91,15,499
86,r0,947
MADRAS MANAG EM ENT ASSOCIATION Schedules Schedule
10
March 31,2020
Events and Conventions Annual Convention Women Managers Convention Ma nagements Student Convention . Other Events
18,16,198
14,28,935 1,25,240 13,92,354 8,76,689
3,50,652 16,62,940 11,69,065
49,98,855
38,23,2L8
rOTAt
L1"
Year Ended March 31,2019
Year Ended
EXPENDITURE
No
Program Activities Chennai
98,79,979
96,8r,847
96,198
72,613
Other chapters Salem
Hosur 16,649 12,595 L,37,006 L,Ol,2O4 L,26,739 13,150
Amabttur Erode
Puducherry Namakkal
Attur Trichy
Other Activities Joint Staff Development Programme AIMA Affiliation Fee EDC Programmes General programme
50,712
t,r3,047 1,62,8L3 62,237
L,0t,69,734
1,03,83,530
rOTAL IZ
26,477
78,839
37,833 3,4L,451
3,77,590
3,96,429
3,79,284 13
Administrative Expenses AnnualGeneral Meeting Establishment (lncludes PF Contributions, Incentive, Gratuity Provision etc) Office Maintenance Miscellaneous TOTAL
.ffi k#
71,734
3,05,504
1,32,35,494
1,36,52,979
25,36,184 L2,28,08L
27,49,95r 22,29,89s
t,70,7L,493
L,89,38,269
f*s
w
MADRAS MANAGEM ENT ASSOCIATION
Schedule 14
Investments with Banks and Institutions INVESTMENTS AT COST
(in As at March 31,
Rs)
As at March 31,2020
2019
INVESTMENTS
Axis Bank Ltd
45,oo,ooo
Canara Bank (Building Fund) City Union Bank Ltd
90,00,000
35,oo,ooo
Housing Development Finance Corporation Ltd
2,50,00,000
2,50,00,000
PNB Housing Finance Ltd
,.,7O,OO,OOO
2,00,00,000
Sundaram BNP Paribas Home Finance Ltd
3,00,00,000
3,00,00,000
LIC Housing Finance Ltd
1,00,00,000
9,30,00,000
8,00,00,000
In terms of our report attached
for Deloitte Haskins &
Sells
Chartered Accountants
Place: Chennai
Date;May 29,2O2O
A'\*^L^-^J A VENKATARAMANI
@ Bhavani Balasubramaniar
President
Partner
f\ *[
CHENNAI.lT
J*
S"=-1t
SIGNIFICANT ACCOUNTING POLICIES AND NOTES SCHEDULE 15
Background:
1
Madras Management Association ("The Association") was registered on 16th July, 1956 under
the Societies Registration Act 1860. The Association is a not for profit organisation and does not operate with respect to specific industry. The Association conducts management activities and events for its members and to general public.
Significant Accounting Policies:
2 Income and Expenditure are accounted for on accrual. 3 a) Fixed Assets are stated at cost less depreciation b) Depreciation is provided on Written down value method prescribed under the Income Tax Rules.
4
at rates and in the
manner
Capital work-in-progress - Projects under which tangible fixed assets are not yet ready for their intended uses are carried at cost, comprising direct cost and related incidental expenses.
5
Investments are stated at Cost and provision for diminution is made if the decline in value is of nature other than temporary.
6
Employee Benefits:
a. b.
7 B 9
Defined Contribution plan: Fixed monthly Contributions to Provident Fund, Family Pension Fund paid to Regional Commissioner are charged to Income and Expenditure account.
PF
Defined Benefit Plan: The liability for Gratuity to employees, as at Balance sheet date determined on actual basis as per the payment of Gratuity Act 1972 is provided for. Liability for compensated absences is determined on actual basis and is provided for.
Endowments received for specific purposes are kept in the respective funds Foreign Currency Transactions: All foreign contributions received are recorded at the rates prevailing on the date when the credit is given by the bank, to the Association's account. COVID 19 Disclosure: The Association is a not for profit organisation and does not operate with respect to specific industry. The Association conducts management activities and events for its members and to general public. In assessing the recoverability of its assets, the association has considered internal and external information up to the date of approval of these financial statements. The assets of the association are of such nature that there recoverability will not be significantly impacted by the present situation on COVID Pandemic. The impact of the global health pandemic may be different from that estimated as at the date of approval of these financial statements and the association will continue to closely monitor any material changes to future economic conditions.
10 Previous year's figures have been reclassified wherever necessary to confirm to current year's classification.
Place: Chennai Date: May 29 2O2O
L*j
A VENKATARAMANI
President
J""uW
SURESH RAMAN
Hon. Treasurer
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(Amended)
Government of India
Form GST REG-06 [See Rule 10(1)]
Registration Certificate Registration Number :33AAATM5522B1Z7 1.
Legal Name
MADRAS MANAGEMENT ASSOCIATION
2.
Trade Name, if any
Madras Management Association
3.
Constitution of Business
Society/ Club/ Trust/ AOP
4.
Address of Principal Place of Business
New No. 240, Management Centre, Pathari Road Off. Anna Salai, Mount Road, Chennai, Tamil Nadu, 600006
5.
Date of Liability
01/07/2017
6.
Date of Validity
From
7.
Type of Registration
Regular
8.
Particulars of Approving Authority
15/09/2017
To
NA
Signature Name Designation Office Date of issue of Certificate
09/05/2018
Note: The registration certificate is required to be prominently displayed at all places of Business/Office(s) in the State.
This is a system generated digitally signed Registration Certificate issued based on the deemed approval of application on
Annexure A Details of Additional Place of Business(s)
GSTIN
33AAATM5522B1Z7
Legal Name
MADRAS MANAGEMENT ASSOCIATION
Trade Name, if any
Madras Management Association
Total Number of Additional Places of Business(s) in the State
0
Annexure B
GSTIN
33AAATM5522B1Z7
Legal Name
MADRAS MANAGEMENT ASSOCIATION
Trade Name, if any
Madras Management Association
Details of Members of Managing Committee 1
Name
VENKATARAMANI ANANTHARAMAKRISHNAN
Designation/Status
HONORARY TREASURER
Resident of State
Tamil Nadu