Membership

Article 2 – Membership

2.1. The number of Members with which the Association proposes to be registered is limited to 100, but the Executive Committee may, from time to time in order to further the interests of the Association, increase the number of members appropriately.

2.2 Members of the Association shall be designated in order of seniority as follows-
a) Patron Members
b) Ordinary Members
c) Associate Members
d) Honorary Members

2.3 Qualification criteria for Patron, Ordinary and Associate Members and certain aspects relating thereto, are set out as under-

Patron Member : A manufacturing entity having annual Production value of Rs.10 Crores in cutting tools classified under Group I.

Ordinary Member : A manufacturing entity having annual production value of above Rs. 1 crore in cutting tools classified under Group I. A manufacturing entity having annual production value of above Rs.5 crore in products classified under Group II. A manufacturing entity having annual production value of above Rs.10 Crore in products classified under Group III Indian subsidiaries or marketing arms of Multinational Companies Having manufacturing facilities outside India and a minimum Indian Turnover exceeding Rs.20 crores for Group I products.

Associate Member : Any entity manufacturing, marketing or otherwise dealing with Products under Group I, II or III or as approved by the Executive committee.

Individuals & Professionals:  Individuals & Professionals with significant experience in cutting Tool industry and related industry as approved by the Executive committee.

CLASSIFICATION OF INDUSTRIES FOR THE PURPOSE OF MEMBERSHIP

GROUP I – Manufacturers of Tungsten Carbide Tools, Milling Cutters, Drills and other cutting tools and Indexable inserts.
Manufacturers of Solid Carbide Tools like Drills, End Mill, Reamer and other tools. Manufacturers of CBN, PCD inserts and round tools. Manufacturers of Cutting Tools made out of ceramics, cermets based indexable Inserts and round tools.

GROUP II –  Manufacturers of HSS Tools, Milling, Drilling, Tapping, Hobs and Broaches. Manufacturers of Grinding Wheels, various abrasive type of tools. Manufacturers of Diamond CBN , Grinding Wheels and Dressers. Tool holding systems like CNC adaptors and tool holders, tap holders Tool re-sharpening and /or coating services

GROUP III – Manufacturers of industrial cutting fluids Manufacturers of Lubricants Manufacturers of accessories other than those covered under Group II

• NOTE- a) Annual Production value will be considered for the financial year ended 31^st March, as per the latest available audited accounts, which shall be less than 12 months old.
• b) In case accounts are not publically available, the production value may be certified by a Chartered Accountant, preferably the Statutory Auditors of the entity. The value of production to be considered should exclude all taxes and levies.
• c) In case of doubt regarding classification, the decision of the Executive Committee is
• d) Application for Membership shall be accompanied by following documents for consideration of the Membership Committee-

1. Certificate of Turnover . Where, an entity applying for Membership is unable to furnish latest Audited Financial Statements, such entity may furnish particulars relating to its activity, turnover of the year just concluded etc.; certified by Chartered Accountant who shall preferably be the Statutory Auditors of the entity.
2. Certified Copy of the Memorandum and Articles of Association where the entity is a Limited Company/ Deed of Partnership where the entity is a Partnership/ LLP/ Document evidencing the Registration of the Firm like License issued under Factories Act in case of Proprietorship.
3. If an MSME- Certificate of Registration
4. Copy of PAN Card/ GST Registration Certificate
5. Application Form duly filed in along with Fee towards one time entrance fee as applicable to Category of Membership and fee towards annual membership.
6. Membership Committee will scrutinize the applications received along with documents. All application/s for Membership will be proposed by existing Member and seconded by another member.
7. Membership Committee will scrutinize application/s received before recommending the applicants eligibility for being admitted as Member to the Executive Committee for final approval. Each committee Member will sign the application form before the same is forwarded to the Executive Committee. In case the Membership Committee finds that the entity who has applied for Membership does not fulfill the criteria laid down and hence cannot be admitted as a Member, it shall record the same by way of note with its recommendation to the Executive Committee.
8. Executive Committee will upon receipt of recommended application/s, approve/ reject the Application for Membership and Executive Committees decision will be final.
9. Membership Committee will be headed by one of the Executive Committee Member and two other Executive Committee Members. Secretary of the Association will be the Secretary to the Committee.

2.4. A member may choose to take up a lower category of membership than warranted by qualification criteria, but may not take up a higher category of Membership than warranted by qualification criteria.

Explanatory Note

1. An applicant qualifying for Patron Membership may choose to take up Ordinary or Associate Membership.
2. An applicant qualifying for Ordinary Membership may choose to take up Associate Membership but cannot take up Patron Membership.
3. An applicant qualifying for Associate Membership cannot take up Patron or Ordinary Membership.
4. An applicant admitted as Ordinary / Associate Member will not be eligible to become member in the next higher grade automatically. Such Member, will be upgraded after a period of 2 years subject to assessment relating to such Member’s contribution to the cause of the Association.

2.5. An existing Member (subject to fulfillment of condition as per 2.4.d ) desiring to take up a membership category higher than currently held, shall be liable to pay the differential entrance fee existing on date the such change in category is approved.

2.6 In case of any change in circumstances whereby a Member no longer fulfills the qualification criteria for a higher category of Membership, such Member shall be re-designated to such lower category as it qualifies for or choses. In such cases, entrance or any other fees already paid shall not be refunded. However, if such Member regains the previous qualification criteria within 2 years, and desires to be recognized accordingly, the differential fee for change in Membership category shall not be payable by such Member. The decision of the Executive Committee on any such question under this sub-clause shall be final and binding.

Eligibility for Membership

3.1. Any Person, Firm, Association, Body Corporate, incorporated or registered under any law or regulation for the time being in force, engaged in manufacturing, repairing or assembling Cutting Tools or carrying out any trade or business related or associated with Cutting Tools and/or any parts, assemblies or sub-assemblies and accessories thereof, or dealing in the same shall be eligible to become a Member provided that, such Person, Firm, Association or Body Corporate is either domiciled or has a place of business in India , subject to fulfilling the qualification criteria set out inn Annexure 1.

3.2 The Executive Committee shall decide any question which may arise as to the eligibility or otherwise of an applicant for admission as a Member of the Association and its decision, shall be final and conclusive and it shall not be bound to assign any reason for its decision on any matter or question relating to the eligibility of any applicant to Membership of the Association.

3.3 If the business of any Member (transferor) is acquired by any other eligible entity (transferee) as a going concern with all assets, liabilities, goodwill and name of the business of the said transferring Member as a going concern, the Executive Committee may allow such transferee to continue as a Member in place of such transferor. The Executive Committee shall be the sole judge in this behalf and shall not be bound to assign any reason for its decision.

 

FEES

Category of Membership	Entrance Fees	Annual Subscription
PATRON	Rs. 50, 000	Rs.20, 000 plus GST 18%
ORDINARY MEMBER	Rs. 25,000	Rs. 15,000 plus GST 18%
ASSOCIATE MEMBER	Rs. 10,000	Rs. 5,000 plus GST 18%
INDIVIDUAL MEMBERS	Rs. 5,000	Rs. 3,000   plus GST 18%