Initial Subscription Amount Calculation

The amount to be deposited along with the application for members is to be calculated as follows:

Ordinary Member

ItemValueExample
(LEADERS Member / BARCFV Staff)
Example
(Non-Member & Non-Staff)
Admission Fee505050
Value of 1 Share100100100
Number of Shares subscribedn11
Total share value100 x n100 x 1 = 100100 x 1 = 100
LEADERS Subscription ValueY0950 for Group A Staff
Monthly DepositZ500600
Total= 50 + (100 x n) + Y + Z6501700

Nominal Member

Admission Fee: 500
Monthly Deposit: 500

Total = 500 + 500 = 1000

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