Will include those engaged in industrial, manufacturing and/or commercial activities and Services and whose registered offices are located outside Karnataka.
Companies, Firms, Service or other Organizations who in the discretion of the Management Committee could be admitted as Members but could not be brought under other Classes / Categories of Membership.
Any Registered Association, Chamber, Guild, Organization, Body Corporate or Trade Body formed with objectives similar or complementary to those of the Chamber.
Clause 6 : The Annual Subscription of Members shall be as set out in the Schedule below:
|Classification of Membership
(as defined in Clause 3)
|a) Patron Member||Rs 5 lakhs|
|b) Member Category I|| Shall be related to the Members’
annual turnover as given below :
|For Annual Turnover||Annual Subscription Fee (Rs.) + GST as applicable|
|Start-Ups, less than 1 crores turnover||Rs. 3,500|
|Up to Rs. 5 crores||Rs. 9,500|
|Above Rs. 5 crores up to Rs. 10 crores||Rs. 13,000|
|Above 10 crores up to Rs. 20 crores||Rs. 19,000|
|Above 20 Crores up to Rs. 40 crores||Rs. 26,000|
|Above 40 crores up to Rs. 250 crores||Rs. 32,500|
|Above 250 crores||Rs. 35,000|
|Member Category II||Rs. 13,000|
|Associate Member||Rs. 9,500|
|Affiliate Member||Rs. 9,500|
The ENTRANCE FEE for all Category of Membership is Rs. 5,000 which is payable at the point of entry.
All Statutory levies will be extra. (GST as prevailing on the date of admission to membership will apply, which currently is @ 18%)
All Members in Category I shall report their turnover as per their latest audited accounts.
Notwithstanding the foregoing, where a Member otherwise falling in Category I does not desire to disclose his / its turnover, the annual subscription payable shall be Rs. 25,000.
Those who would have been admitted otherwise to Member Category II or as
Associate Member or as Affiliate Member will have a right to request the Management Committee to admit them in Member Category I. The Management Committee has the absolute discretion to accept or reject such request without assigning any reasons. If such request is accepted and such Member is admitted to Member Category I, then such person shall pay subscription as applicable to Member Category I.
Revision of Membership Subscription from time to time shall be authorized by the Members on the recommendations of the Management Committee.