Renewal of Membership
The membership of a trade organization shall be granted for a period of one year and shall expire on the 31st day of March each year irrespective of the date of grant of membership.
(5) The membership shall be renewable on annual basis subject to fulfilment of following conditions, namely
(a) Payment of prescribed subscription within the time stipulated in the memorandum, which shall not be later than the 31st of March; and
(b) Proof of filing return of income tax and sales tax, if applicable, for the preceding year.