1. Dr. Jaydipsinh Dodiya, President, Saurashtra University Teachers' Association and a Life Member IACS, in his application dated 03/02/2005 to the Assistant Charity Commissioner Vadodara has pleaded for an inquiry into the financial misappropriations of the Life Membership Fees collected by the Office Bearers. These fees have not been deposited in the Indian Bank Fatehgunj Vadodara account No. 6376 since 1998. It is estimated that IACS has collected at least Rs. 4,00,000.00 (four lakhs) from about 200 members. This amount has neither been deposited in Indian Bank Vadodara nor has it been reflected in the audited accounts of IACS.
This application is pending for order of the Assistant Charity Commissioner Vadodara.
2. The Charted Accountants who audit the accounts have not been changed since 1994 when they charged a fee of Rs. 10,00o for auditing a grant of approximately CND 80,000 and now they are charging Rs. 60,000 for auditing a grant of about CND 20,000. Except for last year their appointment was not done at the Annual General Body Meeting, whis is always held on the last day of the 4 day conference in the evening when most of the members are in a hurry to return.
3. According to an estimate IACS EC has spent about 2.5 lakhs on fighting a legal case that it has lost. The legal cost of the Appeal is yet to be added to this.
4. It is estimated that 40% of grant is spent on administration including litigation and air travel of the caucus and EC meetings.
5. The same publisher and printer has been publishing the Newsletters with the same editor and IJCS for the last 15 years. No open quotations are invited for these publications.
This application is pending for order of the Assistant Charity Commissioner Vadodara.
2. The Charted Accountants who audit the accounts have not been changed since 1994 when they charged a fee of Rs. 10,00o for auditing a grant of approximately CND 80,000 and now they are charging Rs. 60,000 for auditing a grant of about CND 20,000. Except for last year their appointment was not done at the Annual General Body Meeting, whis is always held on the last day of the 4 day conference in the evening when most of the members are in a hurry to return.
3. According to an estimate IACS EC has spent about 2.5 lakhs on fighting a legal case that it has lost. The legal cost of the Appeal is yet to be added to this.
4. It is estimated that 40% of grant is spent on administration including litigation and air travel of the caucus and EC meetings.
5. The same publisher and printer has been publishing the Newsletters with the same editor and IJCS for the last 15 years. No open quotations are invited for these publications.
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