Membership >> Eligibility to become Member

Eligibility & Procedures to become Member of the Association:-

I) Membership Eligibility Criteria :-

1) Member:- For Manufacturers of Textile Machinery, Parts & Accessories fulfilling any one of the following conditions

a) Minimum average turnover in textile machinery, parts & accessories during the preceding 3 years should be Rs.1.50 crores i.e. Rs.50 lacs per year
Or
b) The capital investment including working capital should be Rs.1crore and above

2) Associate Member:- For Traders of Textile Machinery, Parts & Accessories

II) Procedures to become a Member:-
The applicant should submitthe application form duly filled in,proposed and seconded by any two of the existing members of the Association together with Rs.1000/- (non refundable) as admission fee payable either by Cheque/Demand Draft in favour of “Textile Machinery Manufacturers Association (India)” at the office address: 53, Mittal Chambers, Nariman Point, Mumbai 400 021.or by Bank Transfer NEFT to Current Account No. 1123057643 Bank Name : Central Bank of India Branch: Nariman Point, Mumbai 400 021. IFSCode : CBIN0281067.

The application will be placed or circulated to the Executive Council members (Governing Body) of the Association for their approval and the applicant will be duly informed about the enrolment along with the subscription payable. After the receipt of subscription payment the applicant will be enrolled as amember of the Association from the respective financial year or subsequent quarters of the financial year.

The yearly subscription payable for the all the three categories for the financial year 2016-17 are as per below:-

MEMBER : (Manufacturer of Textile Machinery, Parts & Accessories)

Subscription for 2016-17

Service Tax @ 14.00%

Swachha Bharat cess @ 0.50%

Krishi Kalyan Cess @ 0.50%

Total Service Tax @ 15%

Total

 

Rupees

Rupees

Rupees

Rupees

Rupees

Rupees

(As per the annual turnover of preceding financial year 2015-16)

 

 

 

 

 

 

Up to Rs.1 Crore

21020

2943

105

105

3153

24173

More than Rs.1 Crore and upto Rs.2.5 Crore

42020

5883

210

210

6303

48323

More than Rs.2.5 Crore and upto Rs.5 Crore

56030

7844

280

280

4404

64433

More than Rs.5 Crore and upto Rs.7.5 Crore

70040

9806

350

350

10506

80546

More than Rs.7.5 Crore and upto Rs.10 Crore

91050

12747

455

455

13657

104707

More than Rs.10 Crore and upto Rs.25 Crore

105060

14709

525

525

15759

120819

More than Rs.25 Crore and upto Rs.50 Crore

123270

17258

616

616

18490

141760

More than Rs.50 Crore and upto Rs.100 Crore

140070

19610

700

700

21010

161080

More than Rs.100 Crore and upto Rs.250 Crore

210110

29415

1051

1051

31517

241627

More than Rs. 250 Crore and upto Rs.500 Crore

330000

46200

1650

1650

49500

379500

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

385000

53900

1925

1925

57750

442750

More than Rs.1000 Crore

440000

61600

2200

2200

66000

506000

Associate Members: Traders of Textile Machinery, Parts & Accessories

15000

2100

75

75

2250

17250


Note:-Annual increase in the membership subscription will be as per the decision of the Executive Council .

To Download Application form please click here