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The meeting was called to order by Secretary Shri. Mahendra Barde at 11 am. As the quorum was not full, it was adjorned for half an hour. During this time, members introduced themselves.At 11.30 meeting started. Shri. Mahendra Barde requested the President to chair the session.

President moved the resolution of Condolensces for the sad demise of Prof. M. P. Deval, Prof. A. A. Khadekar and Prof. C. V. Kunte. Prin. Dr. Bapat paid tributes to Late Prof. Deval and described him as and enthusiastic .Shri. Deepak Shinde narrated qualities of Late Prof. Khandekar as highly methodical the excellent teacher. Shri. Khadilkar, Prof. H. U. Kulkarni, Dr. S. M. Kulkarni, Prof. N.D. Bapat, Dr. Ranade expressed their feelings and paid tributes to departed souls.

Mahendra Barde read out the proceedings of the last meeting held on Sept 2002. and the minutes were approved.Statement of accounts and balance sheets were presented by Prof. A. G. Inamdar and they were approved.

Regarding fixed deposits, there was discussion about where the money should be deposited. President mentioned the problem that the interest rates are low in banks and there is risk in keeping money with co-op societies.

Deepak Shinde opposed the idea of keeping the money in societies and it is not safe. Prof. J. G. Kulkarni explained that Walchand College Employees Society is running good and there is no danger of loan not being repaid as the money is deducted from salary. More over this helps college staff to get loans. It was decided that present deposit with WCE society should be increased subjected to the capping limit to 4 lakhs.

For remaining amount it was decided that appropriate decision will be taken in consultation with CA of APS. The 3 year’s financials would be verified and certified by the CA of APS to understand the safety for our decision to keep Rs 4 lac.

Dr. Ranade described the activities of APS. The major work was
• Establishment of central office
• Computer database updation
• Bound books of all forms
• New forms filled from WCE staff, MSEB,Waranali and MJP in Sangli & similar other departments where our friends, past students and members are working.
• Launching of alumni website, www.walchandalumni.com

He expressed the view that APS should concentrate on strengthening itself rather than paying all the money to college for infrastructural facilities. This, he said, can be done after the association collects sizable funds and increases membership significantly.

He informed the members that the website is sponsored by Dnyandeep Infotech Pvt. Ltd. on the basis that adequate advertisements are recived to meet the cost. However there was no response for advertisement appeal. President Shri. Deshpande reminded that he had promised that he will reimburse the cost if there is loss. Shri. Deepak Shinde emphasised that nothing can be achieved free of cost and strongly remarked that we shall go for extensive activities through internet for the major communications with interactive global presence and necessary chages should be paid for the website and other essentials as may be required.