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Membership
Membership with the IACC brings with it untold benefits. Members will be
able to interact with people who are both from their own area of interest and
outside. IACC will be a window to opportunities and a network that is otherwise
not easily available. There are various kinds of memberships offered, the details
of which are provided below.
Eligibility
for Membership
All Indian and American Citizens,
Firms and Corporations interested in the objects of the Chamber shall be eligible
for Patron or Ordinary Membership.
All individual executives of Indian
and American firms and Corporations, who are already Ordinary members, are eligible
for Additional Membership.
The membership application form has to be
approved in their respective Regional & Branch Council Meeting.
TYPES OF MEMBERSHIP AND FEE STRUCTURE
| Patron
Member (One Time Payment) : | | Privileges | | I.
From India : | Limited period of 10 years | Rs.
2,00,000 | All the rights and privileges
including the right to vote or hold office in the Chamber's Council | | | Lifetime | Rs.
5,00,000 | | II. Overseas : | Limited
period of 10 years | US $ 6,000 | | | Lifetime | US
$ 15,000 |
| Ordinary
Member : | | Privileges | | I.
From India : | | | Full
voting rights | | Category
A: | Sole Proprietorship and Consultants with turnover
upto Rs. 5 crores p.a. | Rs. 5,000 p.a. | | Category
B: | Firms/Corporations with turnover of less than
Rs. 20 crores p.a. | Rs. 10,000 p.a. | | Category
C: | Firms/Corporations with turnover between Rs.
20 crores and Rs. 100 crores p.a. | Rs. 15,000
p.a. | | Category D: | Firms/Corporations
with turnover of over Rs. 100 crores p.a. | Rs.
25,000 p.a . | | II.
Overseas : | Corporate | US
$ 1,000 p.a. | | | Individual | US
$ 500 p.a. | |
| Additional
Member : | Rs. 3,000 p.a. | An
Additional Member shall be entitled to the same rights and privileges as an Ordinary
Member including the right to hold an office on a Regional Council or a Committee
of the Chamber but he shall not have the right to vote or to be a Member of the
Executive Council or to hold the office of the Regional President. | |
| Association
Member : | Rs. 10,000 p.a. | An
Association Member shall enjoy all rights and privileges of an Ordinary Member
including the right to nominate a representative to hold an office on a Regional
Council or a Committee of the Chamber, but shall not have the right to vote or
to be a Member of the Executive Council or to hold the office of the Regional
President. | |
Admission Fee: Rs.
5,000 for new members (One time payment) New members are enrolled on
financial year basis (1st April to 31st March)
Any organization admitted between
October and March will only have to pay half year's subscription.
Information
/ Document to be furnished along with completed membership form:
Memorandum & Articles of Association or By Laws Annual Report
(Latest) / Balance Sheet or Turnover Statement Any other brochure
/ literature about the applicant Membership certificate of any
other Chamber Two references of Value
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