There shall be the following classes of Members of the Society:
The entry fee for new members and annual subscription for the existing as well as new members of various categories of shall be as under:
|Category of Member||Entry fee in INR in lakh*||Annual subscription in INR in lakh*||Voting Rights (No. of Votes)|
|Corporate: Group A||150||15||150|
|Corporate: Group B||100||10||100|
|Corporate: Group C||30||3||30|
* plus applicable GST (currently 18%)
The qualification criteria for the various categoires of members shall be as below:
Any corporate body in the Petroleum Industry incorporated in India with annual turnover of INR 250 crore and above shall qualify to become a Corporate Member of the Society.
There shall be three categories of Corporate Members.
GROUP A: Companies having turnover of over INR 5000 crore.
GROUP B: Companies having turnover of INR 2500 crore to INR 5000 crore.
GROUP C: Companies having turnover of INR 250 crore to less than INR 2500 crore.
All India registered Associations of Industry, Trade, Commerce, Transporters etc., either dealing and/or connected with hydrocarbon products or its users and any other associations which the Governing Council shall decide may be made Associate Members.
Any corporate body related to the Petroleum Industry with weighted average of NFA and turnover of less than INR 250crore and any individual/organisation would qualify to become an Ordinary Member of the Society. The organisations like bulk users, major equipment manufacturers and suppliers etc. interested in the Objects and Incidental Objects of the Society maybe admitted as Ordinary Members. A foreign corporate body may also become an Ordinary Member of the Society. All such cases would be considered subject to the approval of the Governing Council of the Society.
New entrants in CGD business, service providers, start-up companies engaged in petroleum or related industry with weighted average of NFA and turnover of less than INR 250 crore and/or any other organization as decided by the Governing Council would qualify to become an Introductory Member of the Society.
Introductory membership would be offered to an organization on one-time basis only.
Those who would join FIPI as an Introductory Member will enjoy membership for four years. At the end of the introductory period, the member has to apply for FIPI’s membership either under ‘Ordinary Membership’ category or one of the ‘Corporate Member’ categories.
The criteria for institution members shall be as decided by the Governing Council from time to time.
Persons of eminence, both Indian and foreign nationals, connected to the Petroleum Industry including related research institutions may be taken as Emeritus Members by the Governing Council. However Emeritus Members shall not be persons holding Public offices. The Governing Council may induct Emeritus Members for a period of two years and they shall be eligible for re-appointed for one additional term. Emeritus Members shall have right to resign. Each non-individual member shall be represented in the General Body Meeting by its chief executive or its nominee.
Admission of Members: The procedure and guidelines for the enrolment of membership including the number of members will be decided by the Governing Council from time to time. The Governing Council shall be exclusively authorized to admit members.