Punjab association to register as a company

Tue, Jul 27 10 12:52 PM

Chandigarh, July 26 -- In what could be a major decision in sports administration, the Punjab Cricket Association (PCA) has sought permission from the Ministry of Corporate Affairs to register itself under the Companies Act. The association is presently listed under the Societies Act and if the permission comes through, PCA will become a non-profit company. Confirming the news, PCA joint secretary GS Walia said, the Companies Act is more exhaustive then the Societies Act, which is what prompted the decision. "We applied for permission about a month ago and have completed formalities. There will be no change in the name of the association but it will certainly help us in running the association in a more professional manner," he said. The process of clarifications has started and I am sure we will get the permission to convert, he said, adding that it will also streamline the financial workings of the association.

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