MONTHLY BULLETIN June 2020 For Members ONLY


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NOMINATIONS FOR THE ELECTION OF
BOARD OF DIRECTORS - 2020/2021

According to Rule No. 64 of the Koperasi. A member who is qualified to stand for election to a post shall cause a nomination paper to be submitted to the Foreman of the Panel of Scrutineers by 12.00 noon on 31 of March of each
year. A member may stand for election to one post only.

The Panel of Scrutineers has decided that even under the outbreak of the current coronavirus disease (COVID-19) and the Movement Control Order by the Government, the nomination for the election of Board of Directors for the
year 2020/2021 will still be closed at 12.00 noon on 31 March 2020 as according to Rule No. 64.

On 13.5.2020 when the office reopened, the Foreman of the Panel of Scrutineers announced that the following candidates would be contesting in the election of Board of Directors- 2020/2021 when nomination closed at 12.00 noon on 31.3.2020.





  POST
 CANDIDATES
 No. OF VACANCIES


Board of Directors
1. Sdr. Yeap Theam Oon

  FOUR




2. Sdr. Lim Seong Hoon



3. SdrI. Betty Wong



4. Sdri. Wong Chui Ping







As there were 4 vacancies for the post of Directors and the number of candidates received
 was not in excess of the vacant posts available, the 4 candidates shall be deemed elected unopposed
as declared by the Panel of Scrutineers.





88th ANNUAL GENERAL MEETING

The External Auditors Messrs Norhashimah & Partner had completed the audit of the Koperasi account for financial year ending 31 December 2019. The said accounts will be submitted to Suruhanjaya Koperasi Malaysia for approval. Attached herewith a copy of the Balance Sheet / Profit & Loss and the Laporan Berkanun Anggota Lembaga for your information. Those who wish to view the full set of accounts are requested to go to our Website@www.ptcs.com.my.

According to Suruhanjaya Koperasi Malaysia, all Koperasi are allowed to make payment of Dividend to its members upon receiving the approval of the audited accounts without having to hold the Annual General Meeting. The 88th Annual General Meeting which is supposed to be held on 28.6.2020 has to be deferred to a date to be decided later as it is still not allowed. The SKM is not able to give us any direction as to when we can hold our Annual General Meeting. However, the date of holding the 88th Annual General Meeting will be announced as soon as we obtain approval from Suruhanjaya Koperasi Malaysia.






ANNUAL DINNER

The Annual Dinner which is supposed to be held on 4 July 2020 will have to be postponed accordingly also due to the COVID-19 pandemic. The date for the Annual Dinner is usually one week after the Annual General Meeting. Watch out forfurther announcementto be made at a later date.




TOURS

All tours announced earlier will have to be cancelled accordingly. It is very unlikely for the Koperasi to make plan for tours in the year 2020.