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Information Regarding different Categories of Membership of Ludhiana Management Association


1. Institutional Membership :
Eligibility:-

Any firm, Corporation, Govt. Enterprise, Chamber of Commerce/Industries, Educational Institutions, or such Institutions interested in the development & progress of Management movement, Industrial / Commercial / Financial / Service organizations, Consultants, Practitioners & like are eligible for Institutional membership.

Three Categories of Institutional Membership:-

Category – I:

Organizations with more than 250 OR more employees and workers are enrolled in this category. They are authorized to nominate Four Representatives at LMA.

Admission Fee : Rs. 25,000/-
Annual Membership Charges : Rs. 24,000/-
*Plus GST 18%


Category – II:

Organizations with 51- 250 employees and workers are enrolled in this category. They are authorized to nominate Two Representatives at LMA.

Admission Fee : Rs. 12,000/-
Annual Membership Charges : Rs. 15,000/-
*Plus GST 18%

Category – III:

Organizations upto 50 employees and workers, and self employed professionals such as practicing Chartered Accountants, Company Secretaries, Consultants, Medical Practioners, Taxation Advisors, and Labour Laws Consultants etc etc are entitled for membership in this category. They are authorized to nominate Self OR One Representative at LMA.

Admission Fee : Rs. 7500/-
Annual Membership Charges : Rs. 6000/-
*Plus GST 18%


2. Individual/ Associate Membership :

Executives in Industrial/ Financial/ Commercial/ Service organizations both in Public & Private sector who are engaged in the profession of Management in a position of responsibility; Academicians in the area of Management & allied disciplines; Officers in defence services are eligible for Associate membership.

*Associate members after three years are promoted as Professional Individual members.

Admission Fee : Rs. 1500/-
Annual Membership Charges : Rs. 4500/-
*Plus GST 18%

3. Student Membership :

MBA Students; M.Com Students; BBA Final Year Students; and B.Com Final Year Students from different Management Institutes/Colleges in and around Ludhiana are eligible for Student Membership of LMA only for the period of their studentship, on the recommendation of their respective Colleges/Institutes.

Admission Fee : NIL
Annual Membership Charges : Rs. 500/- (Inclusive of GST)

Notes :

1. Above mentioned Membership fee is applicable for a period of 1 year i.e 1 April - 31 March every year.

2. Individual Membership Invoice is on Name of Individual only.

3. Institutional Membership invoice is on name of the firm.

4. New Membership Fee is effective 01.01.2024 for all New membership and Renewals.