A Public Private Limited Company, Nationalised Banks, State Bank of India and its subsidiaries, Private Banks, Financial Institutions, Foreign Banks, Insurance Companies and Public Sector Undertakings having an office or factory in the State of Karnataka with the paid up capital of not less than Rs. 3 Crores shall be eligible. Such Membership shall entitle the Corporate Member to nominate three of its bona fide Directors/Senior Executives for use of the facilities provided by the Club. The Club shall have authority to reject a nominee if it considers him / her unsuitable. The Corporate Membership of such Company / Organisation shall stand automatically terminated upon the expiry of 15 years from the date of election, or earlier in the event of a change in status of the Company/ Organisation, under which it ceases to exist by reason of its amalgamation with another organisation, its liquidation or otherwise. Corporate Members may however, apply for re-election if they are eligible to do so and their said application for re-election shall be considered immediately, if they apply for such Membership not less than six months before the date on which their existing Membership ceases. The non-refundable membership fee is Rs. 15.00 lakhs for three nominees for 15 years.