MEMBERSHIP AND CONTRIBUTIONS
The IIM Indore Alumni Association (IIMIAA) was formally established as a Section 8 of the Companies Act, 2013, company in India with a registered address at the IIMI campus in Indore. This is a not-for-profit company, and any surplus will be used solely to promote the activities of the Alumni Association and to accomplish the objectives of the Alumni Association as stated in the Memorandum of Association. The company was registered in August 2020. It has its Certificate of Incorporation, PAN registration, GST registration, and bank account and follows all compliances required for a company of this nature.
The Association is foremost managed by the Alumni Chair of the Institute, the Alumni office and governed by its own Board of Directors. These office bearers are assisted by a group of volunteer alumni and the student Alumni committee. Each of the city and international/regional chapters is represented by volunteer alumni at the central coordination level for the IIMIAA. For details of organization structure and office bearers please click (√) here.
Eligibility to become a member of IIM Indore Alumni Association
In order to be a member, as of now, the person must have successfully completed at least one of the below courses from IIM Indore:
- FPM (Industry)/EFPM
- PGPMX (Dubai)
- PGP (HRM)
- PGP (Mumbai)
- PGP (Dubai)
Process for enrollment
- Complete online application form: The online application is available on the following link:
- Pay membership fees & contribution: The association bank with State Bank of India (SBI), and they have provided their payment gateway service. The same will be used for the payment of fees & contributions. The members can use Debit Card/Credit Card, NEFT, UPI etc., to make the payment.
- Approval of enrollment: Once the above steps are completed, the alumni office will confirm the alumni’s eligibility and the alumni office / membership committee or GEC will approve the membership.
Note: For participants graduating in Academic year 2021-22 (i.e., in convocation held in 2022) and subsequent years, the institute shall share 25% of the alumni fees collected by the institute. Thus, all students who successfully graduate after that will be auto-enrolled into the IIMIAA and won’t need to separately apply or pay membership fees. They are, however, welcome to donate/contribute any amounts they would like or join as silver/gold/platinum patrons.
Membership & Contribution structure
- IIM Indore Alumni Association members shall be charged a one-time membership fee for enrolling on the Alumni Association.
- The IIMIAA will collect this fee, and the utilization of these funds will be approved by the Association as per the articles and direction of the IIMIAA board.
- The purpose of the corpus, for now, is to fund admin and compliance expenses from interest on the corpus and preserve/build a corpus for developmental activities in future.
Membership Committee has identified the following list of benefits to be offered to the alumni as of now. The categories of benefits are:
- Discounts/ access to alumni association and chapter events (in person and online)
- IIMIDR email id for senior members
- Certain institute-related services and access are made easy through the Alumni portal managed by the Student Alumni Committee
- Exploration of bundling options like memorabilia or media/ content bundling deals
The membership fee of the Association shall be Rs.3,500.00 (inclusive of GST, transaction fees for payment gateway, etc.). If you are graduated before 2022, you need to pay membership fee of Rs. 3,500/-.
Contributions & Patronship
Alumni are welcome to make contributions over and above the membership fee. These donations/voluntary contributions (inclusive of GST, transaction fees for payment gateway, etc.) will be used for the objectives mentioned in the Memorandum of Association of the IIM Indore Alumni Association. It is compulsory to pay the membership fees/become a member of the Alumni Association to be eligible to contribute. Based on the donations, members would be designated as Patrons of IIMI AA as follows:
|Benefits||Silver Patron||Gold Patron||Platinum Patron|
|Donation/Voluntary Contribution (inclusive of GST, transaction fees for payment gateway, etc.)||Rs. 25,000||Rs.50,000||Rs.75,000|
|Name listed on Vaave & Alumni Portal||Yes||Yes||Yes|
|Preferred Membership Number||Yes||Yes||Yes|
|Merchandise (credit/gift card)||Rs. 2,500 & ongoing discounts||Rs. 5,000 & ongoing discounts||Rs. 10,000 & ongoing discounts|
|Alumni Association Events||Reduced charges||Early Access & Reduced charges||Early Access & Reduced charges|
|Social Media mention||IIMIAA will post about Platinum members (LinkedIn)|
Note: All above amounts include GST, transaction fees for payment gateway, etc. The GST and payment gateway charges are borne by IIM Indore Alumni Association.
If any alumnus wants to contribute a larger amount, they may do so, and GEC will decide on an appropriate title for such a patron.
For Foreign citizens, the institute will only be taking the application at this point of time, these will need special regulatory approvals, and hence collection(s) will be done after the approval is received. Thus, there be will batch-wise processing for the foreign citizen alumni who wish to become members or patrons.
Refund, Cancellation & Chargeback policy
Refunds will be returned using the original method of payment – for example, if a membership fee has been paid by credit card, the refund will be credited by the same mode of Channel to a same credit card by the Merchant, and this goes for all Pay Modes from which the customer will make the Payment.
Also, suppose the membership/contribution is wrongly paid, or membership/contribution is declined by the Association due to any reasons; in that case, alumni can revert to the email@example.com with transaction details within ten working days, and the refund will be processed as per IIMIAA/Banks TAT/norms.
Once the membership fee/contribution is paid by the alumni and acknowledged by the IIMIAA and receipt is generated successfully, then no request/demand to cancel the membership fee/contribution will be entertained.
Several situations qualify for requesting a chargeback, such as fraud or unauthorized payment.
In case of any chargeback request raised by the alumni/user, he/she will need to submit a copy of the successful transaction receipt to defend the chargeback within three working days. He/she will require to provide the following information:
Name: _______________ Mobile No.: _____________ Email:_______________________
|Transaction Date||Merchant Name||Transaction Amount (Rs.)||Disputed Amount (Rs.)|
He/She will also require to declare that I am disputing the transaction(s) listed above for the reason as follows:
In case of fraudulent transactions, providing a copy of FIR or details of the de-activation of the card used for payment would be mandatory to support the chargeback claim.
The courts of Indore alone will have the jurisdiction to try any matter, dispute or reference between the parties arising out of the above-referred transactions.