Annual Subscriptions

++25(a) Members shall pay to the Institute annual subscriptions which shall comprise of:

(i) Annual Membership Fees; and
(ii) Contributions to Building Fund.

(b) Contributions to Building Fund received or receivable from Members shall be paid into and credited towards a Building Fund which shall be used by the Institute for the sole purpose of purchase of real property for the use of the Institute and all incidental costs of fitting, equipping, renovating and improving the real property purchased.

(c) The Institute shall by Ordinary Resolution in General Meeting decide from time to time the amounts of Membership Fees and Contributions to Building Fund payable by Fellows and Associates.

26. In addition to the sums mentioned in Articles 23 and 24 a full year's subscription shall be payable on admission, unless the day of admission be later in any year than 30th June, in which event only a half year's subscription shall be payable.

27. Each Associate, on being admitted as a Fellow, shall pay, as the additional subscription due from him as a Fellow for the current year, the difference between his yearly subscription as an Associate and as a Fellow.

28. All subscriptions, other than fees payable on admission, shall be payable in advance on the first day of January in each year, on which day the financial year of the Institute shall commence.

+ 28A. An Associate or a Fellow of the Institute shall be eligible to make an application, subject to approval by the Council, to pay the annual subscription at 25% of the normal membership subscription rate, if he:-

(a) has attained the age of 65 years, and

(b) has retired from practice or employment.

A retired member shall only be eligible for a reduced annual subscription rate for the ensuing calendar year and thereafter, but not for the calendar year during which the application is made.

Inspection of Registers

29. The Secretary shall allow to Members, between the hours of ten in the forenoon and twelve at noon, such inspection of the Register or other registers as is provided by the Ordinance.

Retirement From or Forfeiture of Membership

30. The privileges of a Member shall not be transferable and shall cease on his death, but without prejudice to the rights of the Institute to claim from such person on his estate any subscription or other sums due from him to the Institute at the date of his death.

31. Any member wishing to resign his membership shall tender written notice to the Council, and on its acceptance, but not before, his membership shall cease accordingly. Any member giving notice in accordance with the provisions of this Article shall remain liable to pay any subscription or other sums due from him at the date of such notice, but shall not become liable for a further year's subscription solely by reason of the fact that the Council's acceptance of such notice takes place after the end of the year in which it is tendered.

32. Any Member shall ipso facto cease to be a Member in the event of his annual subscription or any other sum or sums payable by him to the Institute being in arrear for four months from the date on which such subscriptions or other sum or sums respectively became payable, but shall, nevertheless, be liable to pay the amount of such year's subscription and any other arrears of subscription or other sum due by him to the Institute, and shall be liable otherwise on the footing that his Membership continued until the date when all such subscriptions, arrears and other sums were fully paid. The Council shall have power to suspend the operation of this clause in any case in which they are of opinion that it is reasonable to do so. In the case of a person, who has ceased to be a Member under this Article or under Article 31 hereof, the Council may, at their discretion, by Resolution passed by three-fourths at least of those present at a meeting of the Council, re-admit him to Membership upon such conditions and terms as they may think fit.

33. If any Member shall become bankrupt, or shall either individually or as a partner in a firm make or agree to make an assignment for the benefit of his creditors, or shall make any arrangement or composition with his creditors, or execute any similar deed or agreement, or shall take or attempt to take the benefit of any statutory provision for arrangement with his creditors, he shall cease to be a Member, but the Council may, at their discretion, by Resolution passed by three-fourths at least of those present at a meeting of the Council, readmit him to Membership upon such conditions and terms as they may think fit.

+ As amended by Special Resolution passed on 28th January 1999
++ As amended by Special Resolution passed on 31st October 2000