Corporate Sponsored Membership

Eligibility

Any Corporate organisation in India (hereafter called the 'Organisation') having an established Internal Audit activity/department with at least two employees and desirous of enrolling them, and their substitutes from time to time, each of whom must be eligible for admission as member of IIA-I under its existing categories of individual membership viz., ("Member" or "Associate Member") is eligible to apply under the CSM scheme.

Any Corporate organisation in India (hereafter called the 'Organisation') having an established Internal Audit activity/department with at least two employees and desirous of enrolling them, and their substitutes from time to time, each of whom must be eligible for admission as member of IIA-I under its existing categories of individual membership viz., ("Member" or "Associate Member") is eligible to apply under the CSM scheme.

Applications for Membership

The organisation desiring to sponsor its eligible individual nominees for membership under the CSM category shall submit their applications in duplicate in the prescribed form, which is available from the chapters of IIA-I, the applicable admission fee and the first annual subscription to the chapter of IIA-I (currently there are five Chapters at, in order of their formation, Mumbai, Bangalore, Delhi, Kolkata and Chennai) of which it desires those individuals to be members, and specify the addressee to whom all communications for the sponsoring organisation as well as the nominated individual members should be addressed by IIA-I.

The Chapter of IIA-I to which the application is made, in liaison with the office of IIA-I as required will process the application and record the membership of the eligible sponsored individuals and commence providing them (through the organisation) the services available to members.

Corporate Membership Fees:

Fee Structure for Membership Fees for CORPORATES / EMPLOYER SPONSORED GROUP OF INDIVIDUALS (ESGI) for the financial year 2016-17
(01st April, 2016 to 31st March, 2017) is as under:
Corporate Membership Fees:
 
Fee Structure for Membership Fees for CORPORATES / EMPLOYER SPONSORED GROUP OF INDIVIDUALS (ESGI) for the financial year 2016-17
(01st April, 2016 to 31st March, 2017) is as under:
 
Category 1 to 5 members (Total fees) 6-10 members 11-15 members 16-30 members Above 30 members
           
Application fee (applicable only in the first year of membership) Rs. 10,000/- Rs. 10,000/- plus Rs. 1900/-per member above 5 Rs. 19,500/- plus Rs. 1800/-per member above 10 Rs. 28,500/- plus Rs. 1700/-per member above 15 Rs. 54,000/- plus Rs. 1700/-per member above 30
Annual Membership Fee Rs.15,000/- Rs. 15000/- plus Rs. 2,850/- per member above 5 Rs. 29250/- plus Rs. 2,700/- per member above 10 Rs. 42750/- plus Rs. 2,550/- per member above 15 Rs. 81,000/- plus Rs. 2,550/- per member above 30
Initial Discount if any 0 5% of annual fees 10% of annual fees 15% of annual fees 20% of annual fees
DISCOUNTED FEES APPLN : 10000 APPLN : 10000 + 1900 PER MEMBER ABOVE 5 APPLN : 19500 + 1800 PER MEMBER ABOVE 10 APPLN : 28500 + 1700 PER MEMBER ABOVE 15 APPLN : 54,000 + 1700 PER MEMBER ABOVE 30
ANNUAL : 15000 ANNUAL : 14250+2700 PER MEMBER ABOVE 5 ANNUAL : 26325+2430 PER MEMBER ABOVE 10 ANNUAL : 36340+2170 PER MEMBER ABOVE 15 ANNUAL : 64800+2040 PER MEMBER ABOVE 30
NOTE : SERVICE TAX @ 14%, SWACHH BHARAT CESS @ 0.5% & KRISHI KALYAN CESS @ 0.5% applicable on TOTAL FEES
Substitution of Sponsored Members by the Organisation

An organisation desiring to withdraw the name of any of its nominee and substitute its by that of another eligible individual employee may do so, and such substitution shall take effect from the start of the next accounting year of IIA-I following the receipt of such intimation, without payment of further admission fee for such substitute, provided the organisation had submitted the substitute's application form referred to in para 2 along with the declaration referred to in a para 1(2) and a transfer registration fee of Rs.50 in respect of each such substitution.

Membership Certificate

IIA, through the concerned chapter, will issue only one membership certificate to the organisation, with an accompanying list of individual members and their respective membership numbers.

Reduction in Number of Nominated Individuals

Deletions (without substitution) of names of nominees will be effected on written intimation by the organisation, but no refund of annual subscription will be made.

Increase over Maximum Number of Nominies under each Sub Category

When an organisation nominates an individual for membership over the maximum number under its then applicable Sub-Category, so as to come under some other Sub-Category, the organisation shall pay the excess of the admission fee payable under that other Sub-Category over that earlier paid.

All mail to one address Intimated by the Organisation

All communications and mail, including publications, intended for individual members admitted under the CSM category will be sent to one addressee designated by the organisation which shall solely responsible for forwarding its nominated individual members unless otherwise specified in the application.

Status of Individual Member on withdrawl of Sponsorship by the Organisation

An individual nominated by an organisation and admitted to membership shall cease to be a member if his nomination is withdrawn, whether or not substituted by that of another eligible individual, but he may apply to IIA-I to continue as an individual member, in his own right, by paying appropriate admission fee and subscription.

Amendment of these Terms & Conditions

IIA-I and its chapters reserve the right to amend the Terms & Conditions of its CSM Category Membership as and when they think fit; provided that not such amendment that adversely affects rights vested in an organisation of its sponsored individual members subsisting at the time should have retrospective effect.

For any queries email contact@iiaindia.org