MEMBERSHIP RULES AND REGULATIONS
A).Eligibility : Following will be eligible to become the member of the Council :
Council member:
Council member by invitation are restricted to persons which had outstanding contributions to SME worldwide or intends to make significant contributions to WFSME .Council members have the right to participate in the activities of WFSME, they may had the right to vote.
Associate member:
Local and National, Commercial, Industrial Individual firms and corporate bodies engaged in small and medium business activities in a member country are eligible for associate membership. Associate members have the right to participate in the activities of WFSME but they will not have voting rights
iv)Honorary members co-opted by the Governing Board.
b)Grant of Membership : All applications for membership shall be considered by the Governing Board at its meeting and on approval of membership, the Council shall inform the applicants accordingly. The membership shall commence from the date of approval of membership by the Board.
c)Privileges of Members : Every member of the Council shall be entitled to the following privileges subject to the payment of annual membership fee in time :
i) To receive gratis all the publications of the Council.
ii)To attend, speak and vote in any general meeting of the Council.
iii) To propose or second or vote at any election held by the Council.
iv)To stand for election as a member of the Governing Board or any Executive Committee or other Sub-Committee of the Council.
v)To receive special privileges in the activities of the Council as may be decided by the Governing Board from time to time in accordance with the kind of Membership.
vi) To receive Balance Sheet and accounts of the Council.
d) Withdrawal of Privileges : Every member shall be liable to have all or any of the rights and privileges allowed by the Council withdrawn from him for any of the following reasons by a resolution of the Governing Board passed at a meeting where the subject is specifically listed in the Agenda for consideration provided always that in the case of withdrawal of any or all the rights be given effect with 1/5 of the members present, who shall not be less than one fourth of the total strength of the Governing Board.
i)Neglecting or refusing to abide by or carry out any order of the Governing Board made in conformity with the Bye-laws of the Council.
ii)Any misconduct in his dealings with or in relation to the Council or any committee thereof or any member/members thereof, of which complaint is made to the Governing Board by one or more members of the Council and the Governing Board considers it to be good or sufficient reason for the purpose.
iii)Knowingly violating or disregarding any of the Bye-laws of the Council.
iv)Failure to pay any difference or arbitration or appeal fee when due or any non-payment of any penalty imposed on him pursuant to the Bye-laws or failure to pay subscription or any other payment due from him under the Bye-laws.
The member affected shall have the right to appeal to the General Body against the decision of the Governing Board.
KINDS OF MEMBER AND MEMBERSHIP FEES
a) Associate Member : Local and National, Commercial, Industrial Individual firms and corporate bodies and individuals engaged in small and medium business activities in a member country are eligible for associate membership. Associate members have the right to participate in the activities of WFSME but they may not vote.
b) Council Member: Council member by invitation are restricted to persons which had outstanding contributions to SME worldwide or intends to have significant contributions to the WFSME Council.
Council members have the right to participate in the activities of WFSME and the right to vote.
c) Donor Member: Anybody qualified by donating a sum of USD$20000 shall be eligible to be a donor member of the Council without further payment of any fees for the life time. Such member(s) will receive special privileges in the Council as may be decided by the Governing Board from time to time.
d) Founder Member : Anybody who are the founding member of the council and register on the founders list .Such member will be a permanent member(s) on the Governing Board .
e) Honorary Member : The Governing Board may confer honorary membership of the Council to distinguished, eminent personalities from worldwide abroad and renowned International agencies who have contributed to the growth and development of SME Sector, Such members shall be accorded necessary courtesies as decided by the Governing Board. The total number of honorary members shall not exceed 50.
f) Refund of Membership fee : The membership fee shall not be refunded under any circumstances.
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