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Eligibility & Charges (Effect on 1st April, 2008)

  • Merchants, bankers, ship-owners, representatives of commercial, transport or insurance companies, brokers and persons engaged in commerce, agriculture, mining or manufacture and persons engaged in or connected with art, science or literature may be admitted as members of the Chamber.
  • There shall be four classes of members of the Chamber,
    • General Member
    • Life Member
    • Silver Member
    • Gold Member
    • Diamond Member
  • General Members shall pay an admission fee of Rs. 1000/- and annual subscription of Rs. 500/- within the first month for which the same is due.
  • Life Members may be admitted on payment of Rs. 5000/- at a time without any admission or any subscription fee.
  • Silver Members may be admitted on payment of Rs. 11,000/- at a time without any admission or any subscription fee.
  • Gold Members may be admitted on payment of Rs. 21,000/- at a time without any admission or any subscription fee.
  • Diamond Members may be admitted on payment of Rs. 51,000/- at a time without any admission or any subscription fee.
  • Any individual, firm, company or corporation being a candidate for election as a member of the Chamber shall send with the proposal form, provided for by Article 9 of the Articles of Association presents a declaration that he or it is eligible for election as a member of this Chamber.
  • Any person interested to be a member shall submit an application in the prescribed Form. Such application, complete with all supporting documents as specified in the form.
  • The Committee shall decide any question which may arise as to the eligibility or otherwise of a candidate for admission as a member of the Chamber and their decision shall be final and they shall not be bound to assign any reason for their action.
  • A firm, Joint Stock Company or other corporation shall not cease to be a member of the Chamber upon any change being made in the conventional or corporate name of the firm, company or corporation.
  • In the case of a merger or other form of amalgamation the old membership may be continued under the new name with the approval of the Committee of the Chamber.
  • A firm shall not cease to be a member by reason only of a change in the constitution of the firm occasioned by the admission, retirement or death of a partner provided the business of the firm is continued in the conventional name in which such firm was elected as a member.
  • Any member may withdraw from the Chamber by giving two months notice in writing to the Secretary of the intention of such member to do so and upon the expiration of the notice; such member shall cease to be a member of the Chamber.
  • A member shall cease to be a member of the Chamber:
    • In case a member is an individual, if he is an un-discharged insolvent or if he is adjudged by a competent court to be of unsound mind or if he is convicted of an offence involving moral turpitude.
    • In case of a firm if it is dissolved or adjudged insolvent or the partners are convicted of any offence involving moral turpitude.
    • If the member is in default in paying the yearly subscription for two successive year.
    • In case of a company, if it is wound up.

The committee may whenever they think fit levy by way of additional subscription a surcharge of such amount on such members or class of members as they deem fit.

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