Membership Fees
The fees to be collected as contribution from the members and associates at the time of admission and on renewal every year as prescribed herein below.
Few Membership categories are based on Asset Under Management (AUMs).
Membership Category |
Fees in Rs. | |||||
---|---|---|---|---|---|---|
Entrance Fees | Annual Fees | Total | CGST 9% | SGST @ 9% | Total Fees | |
Trustee Member
AUMs - above Rs 1000 crores |
5,00,000
|
1,500
|
5,01,500
|
45,135
|
45,135
|
5,91,770
|
Patron Member AUMs – Between Rs.500 and Rs.1000 crores |
3,00,000
|
1,500
|
3,01,500
|
27,135
|
27,135
|
3,55,770
|
Founder Member
AUMs – Between Rs.100 and Rs.500 crores |
1,00,000
|
1,500
|
1,01,500
|
9,135
|
9,135
|
1,19,770
|
Life Member
AUMs – Between Rs 50 and Rs 100 crores |
50,000
|
1,500
|
51,500
|
4,635
|
4,635
|
60,770
|
General Member
AUMs – below Rs.50 crores |
2,500
|
1,500
|
4,000
|
360
|
360
|
4,720
|
Authorized Representative |
-
|
1,500
|
1,500
|
135
|
135
|
1,770
|
Associate – Individual |
2,500
|
1,500
|
4,000
|
360
|
360
|
4,720
|
Associate – Non Individual |
1,00,000
|
1,500
|
1,01,500
|
9,135
|
9,135
|
1,19,770
|
Association / Society / Body of Individuals |
1,00,000
|
**1,500
|
*
|
*
|
*
|
*
|
*Total fees will be ascertained depending upon the number of members of association/society/body of individuals.
**1,500 Per Member of the Association who is not a direct member of the Foundation
( Note : If member is Outside Maharashtra instead of CGST/SGST, IGST @ 18% will be applicable. )
( Note : New members enrolling on or after the 1st of October of the relevant year shall be liable to pay half of the annual fees for that year. The entrance fees will remain the same. )
Annual Fees
Membership Category |
Fees in Rs. | |||
---|---|---|---|---|
Annual Fees | CGST @ 9% | SGST @ 9% | Total Fees | |
Trustee Member |
1,500
|
135
|
135
|
1,770
|
Patron Member |
1,500
|
135
|
135
|
1,770
|
Founder Member |
1,500
|
135
|
135
|
1,770
|
Life Member |
1,500
|
135
|
135
|
1,770
|
General Member |
1,500
|
135
|
135
|
1,770
|
Authorized Representative (Vide article no. 21) |
1,500
|
135
|
135
|
1,770
|
Associate – Individual (Vide article no. 22) |
1,500
|
135
|
135
|
1,770
|
Associate – Non Individual (Vide article no. 22) |
1,500
|
135
|
135
|
1,770
|
Association / Society / Body of Individuals |
1,500 Per Member
|
*
|
*
|
*
|
*Total fees will be ascertained depending upon the number of members of association/society/body of individuals
( Note : If member is Outside Maharashtra instead of CGST/SGST, IGST @ 18% will be applicable. )
Membership fees / Annual Fees can be paid online through "Join/Renew Memberships" or in the alternative by NEFT/RTGS to the bank account with Axis Bank – details of bank account given in the website
Payments made through Cheques/DD should be drawn in favour of "Foundation of Independent Financial Associates" payable at Mumbai.