Membership

INSTITUTIONAL MEMBERS 

Such Institutions, Government Departments, Educational Institutions, Public Bodies, Organisations, Enterprises and Companies which have been in the opinion of the Governing Council, engaged in the administration of the buildings or work connected with the construction and maintenance of buildings or with the manufacture or sale or development and promotion of materials and equipment used in connection with the construction or repairing and maintenance of buildings as may be elected Institutional Members of IBC by the Executive Committee to be subsequently ratified by the Governing Council. Each such body shall be represented at any time by only one nominee.

ENTRANCE FEE 

An entrance fee shall be payable by Institutional member on the following scale: 

Institutional Members :  Rs.5,000.00

 

SUBSCRIPTION 

1. An yearly subscription shall be payable by Institutional member on the following scale: 

Indian & SAARC Country Associations, Societies, Research Institutes., Teaching Institutions, Government. Departments and Private Firms or Companies with annual budget/turnover

 

 a)

Upto Rs.100 crores

Rs. 5,000.00

 

 b)

More than Rs.100 crores and upto Rs.500 crores

 

Rs.10,000.00

 c)

More than Rs.500 crores and upto Rs.1000 crores

 

Rs.25,000.00

 d)

More than Rs.1000 crores

Rs.50,000.00

 e)

Smaller units of major organisations who are institutional members of IBC

 

Rs. 5,000.00

 f)    Organisations of other countries                US $1,000.00



2. A year shall for the purpose of Yearly subscription, be the first day of April until the last day of March following. Subscription shall be due on election and on the first day of April of every year following that date while a person continues to be a member of IBC. 

 

3. Institutional members whose subscriptions are not in arrears may compound their future annual subscription by a single payment in accordance with the Table below:                            

 

   Annual Turnover  Compounded Subscription

 a) 

Upto Rs.100 crores

Rs. 40,000.00

 

 b) 

More than Rs.100 crores and upto Rs.500 crores

 

Rs. 80,000.00

 c)

More than Rs.500 crores and

upto Rs.1000 crores

Rs.2,00,000.00

 

 

 d) 

More than Rs.1000 crores

Rs.4.00,000.00

 

 e) 

Units of organisations who are Iinstitutional members of IBC

 

Rs. 40,000.00

New Institutional Members may also pay the one time Compounded fee as per table above, if they so desire.

Note : Service tax at prevailing rate is to be paid extra on total fee.