Permanent and Life Members who have completed 10 years of Membership can apply for membership of their children in the Life/Permanent Member’s category. Such children who have completed the age of 21 but are yet to complete the age of 28 years are eligible to be considered for Permanent or Life Membership of the Club and children who have completed the age of 28 years and one day but are yet to complete 35 years are eligible to be considered only for life Membership of the Club.
The application of a Member’s child shall be proposed by the parent Member except in the case where the primary member is deceased, the application shall be proposed by any other Permanent / Life member of the Club.
After the age of 35 years, an individual whose parent is a member can apply for Permanent / Life membership of the Club. He shall have to pay fees at rates prevailing for new members as per Clause 9 (A) of the Articles of Association.:
The Membership Fees for a Permanent Member shall be Rs 20,00,000/- (Rupees Twenty lakhs) and for a New Life Member Rs 30,00,000/- (Rupees Thirty lakhs) or such other amount as may be decided by the General Body from time to time on recommendation by the Club Committee. In addition, All government levies, taxes and cess as per the prevailing law will have to be paid. The Membership fees for Permanent Membership can be paid in three equal yearly installments of Rs.7.5 Lakhs per year+ All Govt Levies, taxes and cess as per prevailing law. The first installment to be paid on being elected as a member and next two installments within 12 and 24 months there from and the Membership fees for Life membership may be payable in three equal yearly installments of Rs.11 Lakhs + All Govt levies, taxes and cess as per prevailing law. The first installment to be paid on being elected as a member and the next two installments within 12 and 24 months there from. If any installment is not paid on or before due date and the default continues for a period of 30 days after due date, the membership shall stand terminated automatically on 31st Day and the money paid till then shall stand forfeited.
Once the ballot box is opened and the applicant is elected as a member, the name of the applicant shall be entered in the members register and he / she shall be issued a membership number and will be able to avail the facilities of the Club. Subsequent to this, a bill shall be raised on the said member for payment of membership fees. In case the Member does not pay the membership fees, his membership shall stand terminated as mentioned herein.The validity of the age of the applicant will be the date of submission of the application form for the membership
The amount of Membership fees and annual subscription will be applicable as on date of submission of the application form for the membership.