LAHORE: The Lahore Chamber of Commerce and Industry on Monday dismissed Muhammad Yousaf Shah from the Executive Committee for not renewing the membership within the time stipulated by law.
Muhammad Yousaf Shah failed to renew the membership of his company Al Yousaf Enterprises within the stipulated time due to which he is no longer a member of the Lahore Chamber of Commerce and Industry and at the same time, his eligibility as a member of the Executive Committee also ended. The decision will be applicable from March 31, 2023.
It should be noted that in the Lahore Chamber of Commerce and Industry, the registration and membership is obtained by a company or business concern, not by any individual man. On the basis of that company, etc., any individual becomes a member of the Lahore Chamber of Commerce and Industry and accordingly he is elected as Executive Committee Member, President, Senior Vice President or Vice President through the election process. If a person does not complete the first basic task i.e. renewal of the company, etc. on the basis of which, he is a member of the Lahore Chamber of Commerce and Industry, then he ceases to be a member of LCCI. As a result, he ipso facto ceases to be a member of the Executive Committee of the LCCI, if he is an elected EC member too.
President LCCI Kashif Anwar, who is also Chairman of the LCCI Executive Committee Implemented the Rules 11 (3), (4) and (5) of the Trade Organizations Rules, 2013. According to Article 13 and 22 (xv) (e) of the Articles of Association, Muhammad Yusuf Shah has also ceased to be a member of the Executive Committee of the Lahore Chamber of Commerce and Industry automatically.
LCCI Secretary General Shahid Khalil has issued a formal notification in this regard. In the context of this decision, Muhammad Yousaf Shah is not even eligible to vote in the next year's election because if a company does not renew its membership by March 31, the company or the business concern is debarred from exercising the right of vote for the next year. Moreover, the Lahore Chamber has requested the Director General Trade Organization (DGTO) to provide directives regarding any other possible disqualifications in consequence of non-renewal of the membership.
Copyright Business Recorder, 2023