1. Each
applicant shall upon being accepted as a member of the Association
pay to the Association an initial subscription fee which shall
be determined by the Executive of the Association and confirmed
at the Annual General Meeting of the members from time to time.
This initial subscription fee shall be non-refundable and should
be paid in full prior to the applicant being admitted into the
register of members for the Association as a member. The initial
subscription fee may be varied from time to time and shall be
deemed to be a debt due to the Association from the applicant
on admission as a member.
2. All members of the Association shall pay an annual subscription
fee which shall be determined by the Executive of the Association
and confirmed at the Annual General Meeting of the members. Such
annual subscription fee may be varied from time to time and shall
be deemed to be a debt due to the Association and shall be due
30 days after the holding each year of the Annual General Meeting
of the Association.
3. If any member shall fail to pay its initial subscription fee
aforesaid on or before the 60th day after it became due, notice
shall be mailed to that member by the Secretary of the Association
calling the member's attention to its failure to pay and if payment
is not received within 30 days from the date on such notice is
sent to that member by registered post the Executive of the Association
may terminate the membership of such member.
4. Collective Licensing Customs
Binding Fees
a. Subject to the provisions of paragraph (b) of this sub-clause
4 each member shall bear its pro-rata share of the costs of maintaining
any Customs Licensing Bond facilities issued to the Commissioner
of Customs and undertaken by the Association on behalf of its
members . This cost to be bourne by each member shall be an additional
membership fee which shall be non-refundable and shall be paid
to the Association as and when directed by the Executive. In
the event that the cost of maintaining any such aforesaid Customs
Licensing Bond facilities shall increase each member shall immediately
pay to the Association by way of a non-refundable fee such sum
as represents such as represents such member's pro rata share
of the additional cost of maintaining such Customs Licensing
Bond facilities
b. The provisions of this Constitution and any canons as regards
the Collective Licensing Customs Bond and Fees payable in relation
thereto shall not apply to any member who shall have given to
the Executive evidence, satisfactory of the Executive, that he
has posted his own bond.
5. General Matters
All fees paid to the Association
shall be non-refundable and when due and payable shall constitute
debts owing to the Association. All title and property to any
fees and moneys due to the Association by any member shall belong
to the Association absolutely and not be returned to any member
in the event of the termination of the membership of such member.
The Association shall be entitled to take such actions as it
think fit for obtaining any amounts due and owing to it by any
member and every member shall refrain from using its voting rights
and other powers of control in relation to the Association to
prevent or delay any such action being taken by or on behalf
of the Association.
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