Full Member | |
(i) |
Any firm, company or corporation willing to become a member shall submit an application in the prescribed form to the Management Board. |
(ii) |
Every application shall be proposed by two (2) existing members |
(iii) |
All admissions of members shall be decided by the Management Board. Every applicant for admission shall satisfy the Management Board of his eligibility and the Management Board may require the production of such evidence as the Management Board shall deemed necessary. The Management Board shall circulate the names of all applications to the existing members for their comments (if any) for a period of two (2) weeks. If there are comments from existing members, the Management Board shall consider such comments with care. However, the decision to approve or refuse admission of an applicant shall lie solely in the absolute discretion of the Management Board whose decision shall be final. |
(iv) |
Every firm or company upon becoming a member shall be bound by these Rules and Constitution in force at the time of his admission or which may thereafter from time to time be made. |
(v) |
On admission a member shall pay the Association an entrance fee of Ringgit Malaysia Four Thousand (RM4,000-00) or such other amount as the Management Board may decide from time to time. |
(vi) |
The admission of any firm or company as a member shall be void unless the entrance fee is paid within two months of such admission. |
(vii) |
Every member shall also pay to the Association a monthly subscription. The subscription shall be based on the tonnage of processed palm oil manufactured by the member for the month and shall be calculated at a rate of not more than RM1/- per metric tonne or such other rate as the Management Board shall from time to time in its absolute discretion determine. |
(viii) |
Every member shall pay the subscription monthly in arrears on the 15th. day of each calendar month. Any member who has not paid its subscription within sixty (60) days after it has become due shall be liable to pay such interest as the Management Board may decide. |
Associate Membership | |
(i) |
Any firm, company or corporation which is connected with the oils and fats trade, but not directly carrying on the business of processing, refining and fractionating of palm oil shall be eligible to be admitted as an Associate Member of the Association. |
(ii) |
a) Any firm, company or corporation willing to become a member shall submit an application in the prescribed form to the Management Board. |
(iii) |
a) On admission an Associate Member shall pay the Association an entrance fee of Ringgit Malaysia Two Thousand (RM2,000-00) or such other amount as the Management Board may decide from time to time. |
(iv) |
a) An Associate Member shall be entitled to attend the Annual General Meeting of the Association as an Observer but shall not be entitled to vote thereat. The Associate Member shall not be considered for purposes of Rule 10 (iv) and Rule 11 (ii) (b). |
(v) |
An Associate Member shall cease to be a member after the expiry period of thirty (30) days from the date of notice of its intention to resign from the Association. |
(vi) |
The Management Board may expel any Associate Member from the Association who :- A. B. C. |
(vii) |
Any dispute concerning the status, rights or obligations of Associate Members which have not been provided for by these provisions shall be referred to the Management Board whose decision shall be final and binding. |