Legality of Cricket Club of India’s Rs200cr panel questioned

Controversy is not new to one of the country’s oldest and most well known cricket clubs —Cricket Club of India.

Yet the latest one questioning the legal validity of the appointment for the Rs200 crore plus South Mumbai money spinner’s executive
committee members is bound to lead to many red faces.

Member Robin Jaisinghani says some members have been constrained to move court and explained to DNA why they are questioning the legal validity of the executive committee.

He said, “The current system of conducting elections by ballot is in violation of the Companies Act. The Act permits elections by ballot only in case of companies which do not do business for profit and
prohibit payment of

dividend to their members are the only ones who are allowed to have an election and that too only if articles of association of such a company provide for election of all its directors in each AGM.”

“Since the articles of the club don’t provide for this all such appointments are logically void,” added.

When contacted, the president Sevanti Parekh scoffed, “These are
baseless charges. Let those who are unhappy go to court and we will fight it out there. I doubt if the courts will even entertain any of their issues.”