IntroductionIn the oil industry, we had two societies namely Petrotech Society and Petroleum Federation of India (PetroFed).
The Petrotech Society was conceptualized in 1993 and its biennial International Oil & Gas Conference & Exhibition, Petrotech was launched in 1995. Petrotech Society has also been holding regular national/international conferences, seminars and study tours in India and abroad for regular exchange of information for the benefit of oil & gas industry.
The Petroleum Federation of India (PetroFed) was registered in 2002 with a wide range of activities which include lectures, workshops and seminars to promote the interest of the petroleum industry besides maintaining a healthy and strong interface with Government, legislative agencies and regulatory bodies.
In an effort to give impetus to the Indian Hydrocarbon sector, a major historical announcement was made on 7 December, 2016 about the amalgamation of two important entities in the sector namely Petroleum Federation of India (PetroFed) and Petrotech Society.
The new body named ‘Federation of Indian Petroleum Industry’ (FIPI) is expected to be better placed to serve as a strong facilitator of continuous dialogue between various stakeholders of the upstream, midstream & downstream sectors of the Indian petroleum industry including global suppliers, technology providers, service providers, academic entities and relevant agencies for protecting and upholding the interest of Indian petroleum industry.
The significant announcement was made by Sh. D.K. Sarraf, Chairman & Managing Director, ONGC in the presence of Sh. Arun Jaitley, Hon’ble Union Minister of Finance and Sh. Dharmendra Pradhan, Union Minister of Petroleum and Natural Gas amongst other dignitaries during the Valedictory Session of Petrotech 2016 Conference.
Both the entities i.e PetroFed & Petrotech Society had several commonalities in their stated objectives and activities. Many corporate members as well as members of the Governing Council of the two societies were common. Therefore, the Governing Councils and General Bodies of both the societies thought that it would be prudent, efficient and effective to amalgamate these two societies into a single entity which would better represent the Indian Petroleum Industry.
The amalgamated Federation would multiply their current capabilities, reduce the overlapping activities and bring to the forefront a synergized society which would take India’s oil & gas sector to newer heights of professional excellence.
Core Purpose Statement
To be the credible voice of Indian hydrocarbon industry enabling its sustained growth and global competitiveness.
Shared Vision
- A progressive and credible energy advisory body stimulating growth of Indian hydrocarbon sector with global linkages.
- A healthy and strong interface with Government, legislative agencies and regulatory bodies.
- Create value for stakeholders in all our actions.
- Enablers of collaborative research and technology adoption in the domain of energy and environment.
- A vibrant, adaptive and trustworthy team of professionals with domain expertise.
- A financially self-sustaining, not-for-profit organization.
Extracts from the Bylaws pertaining to the Membership of FIPI
There shall be the following classes of Members of the Society:
1. Corporate Members 2. Associate Members 3. Ordinary Members 4. Institutional Members 5. Emeritus Members
Entrance Fee & Annual Subscription
The entry fee for new members and annual subscription for the existing as well as new members of various categories of shall be as under:
Provided that:
- The entrance fee and annual subscription fee shall be non-refundable
- A member admitted to membership from 1st April to 30th September for a financial year shall pay the full annual subscription in respect of that financial year and the one admitted to membership between 1st October and 31st March of the financial year shall pay 50% of the annual subscription in respect of that financial year.
- The Governing Council shall have the power to revise the entrance fee and the annual subscription of the members as also the basis for determining the same, from time to time, including revision during the course of a year of the Annual Subscription fixed for the year.
- Corporate members who shift from lower category to higher category shall pay the differential amount of entrance fee/annual subscription. However, there shall be no refund on members shifted from higher category to lower category.
- Every application for membership of the Society or renewal thereof shall be made in writing and be accompanied by the fee prescribed above. Such application shall be considered by the Governing Council whose decision thereon shall be final. Where an application is rejected the amount deposited with the application shall be refunded to the applicant within a period of one month from the date of rejection.
- If the name or the legal constitution of member changes the membership of that member shall continue under the changed name or legal constitution, as the case may be, for the remaining term of that member
The qualification criteria for the various categoires of members shall be as below:
CORPORATE MEMBERS
Any corporate body in the Petroleum Industry incorporated in India with annual turnover of INR 250 crore and above shall qualify to become a Corporate Member of the Society.
There shall be three categories of Corporate Members.
GROUP A: Companies having turnover of over INR 5000 crore. GROUP B: Companies having turnover of INR 2500 crore to INR 5000 crore. GROUP C: Companies having turnover of INR 250 crore to less than INR 2500 crore.
ASSOCIATE MEMBERS
All India registered Associations of Industry, Trade, Commerce, Transporters etc., either dealing and/or connected with hydrocarbon products or its users and any other associations which the Governing Council shall decide may be made Associate Members.
ORDINARY MEMBERS
Any corporate body related to the Petroleum Industry with weighted average of NFA and turnover of less than INR 250crore and any individual/organisation would qualify to become an Ordinary Members of the Society. The organisations like bulk users, major equipment manufacturers and suppliers etc. interested in the Objects and Incidental Objects of the Society maybe admitted as Ordinary Members. A foreign corporate body may also become an Ordinary Member of the Society. All such cases would be considered subject to the approval of the Governing Council of the Society.
INSTITUTIONAL MEMBERS
The criteria for institution members shall be as decided by the Governing Council from time to time.
EMERITUS MEMBERS
Persons of eminence, both Indian and foreign nationals, connected to the Petroleum Industry including related research institutions may be taken as Emeritus Members by the Governing Council. However Emeritus Members shall not be persons holding Public offices. The Governing Council may induct Emeritus Members for a period of two years and they shall be eligible for re-appointed for one additional term. Emeritus Members shall have right to resign.
Each non-individual member shall be represented in the General Body Meeting by its chief executive or its nominee
Admission of Members: The procedure and guidelines for the enrolment of membership including the number of members will be decided by the Governing Council from time to time. The Governing Council shall be exclusively authorized to admit members.
The Society shall duly keep and maintain a Register of its members which shall contain the names and addresses and such other particular(s) as may be decided by the Governing Council and in which all changes of membership which have from time to time taken place shall be recorded.
General Body shall meet at-least once a year
FIPI Journal - October - December 2018
Contact
Federation of Indian Petroleum Industry (FIPI)
3rd Floor, PHD House, 4/2, Siri Institutional Area, August Kranti Marg, New Delhi - 110 016
Tel: +91-11-26535697 Fax: +91-11-26964840 Email: dg.sectt@fipi.org.in
Website: www.fipi.org.in