Step 1. Receipt of Application letter from the proposed member
Step 2. Receipt of duly filled and signed IMI Membership Form along with the supporting documents
Step 3. Receipt of Annual Membership Fee based on average annual turnover of 3 previous years
as follows:
Membership Fee Structure
| Annual Contributionto IMI (Please ref.# | Member Turnover (any 1 out of 3 previous years) | |
|---|---|---|
| MAJORS | Rs.50 Lacs per annum | ≥ Rs.100 Cr. |
| MINI-MAJORS | Rs. 25 Lacs per annum | Rs.25 Cr. to < Rs.100 Cr |
| Non-Majors: | Rs. 2,50,000/- Rs. 1,50,000/- Rs. 50,000/- Rs. 20,000/- Rs. 10,000/- | Rs.15Crore to < Rs.25Crore Rs.5Crore to < Rs.15Crore Rs.1Crore to < Rs.5Crore Rs.50Lacs to < Rs.1Crore < Rs.50Lacs |
Step 4. Approval from the committee.
Step 5. Post approval by the committee, pass the necessary resolutions for Admission of proposed member at the next board meeting.
# Restriction on Voting Rights:
With effect from financial year 2023-24, Members shall be ineligible to vote at the general meetings of the association in the event of non-payment of annual membership fee within a period of six months from the date of issue of invoice.
For further queries regarding membership, please write to info@indianmi.org