PROPRIETARY
1. Any party interested in becoming a member of the Club must first file an application with the Membership Committee to purchase a proprietary membership certificate. A deposit of the applicable transfer fee shall be required from the applicant. It will be refunded to him without interest in the event his/her application is rejected for any reason whatsoever, minus the applicable processing fee as prescribed by the Board of Directors.
(Pursuant to Section 2, Article VI of the Club’s Amended By-Laws, every applicant for the purchase of a proprietary membership certificate and for associate, life, courtesy, and special guest membership shall be nominated and seconded by a proprietary member qualified to vote, provided, however, that no such proprietary member shall nominate or second the nomination of more than two applications during any given fiscal year of the Club.)
2. The name of each prospective applicant for membership will be posted in the Club for a period of four (4) consecutive weeks.
3. The applicant shall be subject to a credit and court case investigation.
4. The applicant shall be interviewed personally by three (3) members of
the Membership Committee prior to the endorsement of his/her application to
the Board of Directors. It is required that prior to the interview, the
applicant's proposer or seconder must communicate with any two (2) of the
three (3) assigned interviewers. These interviews must be accomplished
within the prescribed period. If the applicant fails to comply with this
requirement, the Committee shall consider the application abandoned and
cancel the same.
5. After compliance with the interview requirement, acceptance by the Membership Committee and approval by the Board of Directors, if the applicant has not yet purchased a proprietary membership certificate, the applicant should purchase a proprietary membership within three (3) months of the approval.
6. The applicant shall be accorded the privilege of using club services and facilities only after his/her application has been accepted by the Membership Committee and approved by the Board of Directors and the share is transferred to his name.
7. The transfer will not be recognized by the Club without a clearance issued by the Club’s Treasurer to the resigning member acknowledging full payment of his obligations.
8. Following Club tradition, the applicant is then required to meet the Members of the Board of Directors and the Membership Committee, together with his/her spouse, proposer and/or seconder, during a cocktail meeting.
NOTE: Should the application be withdrawn, the amount of Five Thousand Pesos (Php5,000) processing fee will be deduction from the deposit applicable to transfer fee.
OTHER REQUIREMENTS FOR MEMBERSHIP APPLICATION
1. Accomplishment of the Application Form to pre-qualify for purchase of proprietary membership certificate.
2. Two (2) 2” x 2” colored picture of applicant, his/her spouse, and each of his/her dependents.
3. Php_____________________ deposit, applicable to transfer fee, payable to the Manila Polo Club, Inc.
TRANSFER FEES
Regular Rate: Php 425,000.00
Transfer from member to his son/daughter/spouse/parent: 106,250.00
Transfer from member to another member’s son/daughter/spouse/parent: 212,500.00
Transfer from deceased member to widowed spouse: 12,750.00
4. A copy of the applicant’s marriage certificate (if applicable).
5. A copy of the birth certificate/s of the applicant’s children. (NSO copy, if applicable)
IF APPLICANT IS RECOMMENDED FOR MEMBERSHIP BY THE MEMBERSHIP COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS, THE APPLICANT MAY PURCHASE A PROPRIETARY MEMBERSHIP CERTIFICATE. TO EFFECT THE TRANSFER, THE APPLICANT SHOULD SUBMIT THE FOLLOWING:
1. Capital Gains/Documentary Stamp Tax receipt and certification issued by the BIR.
2. Notarized Deed of Sale. (If the transferor is represented by an agent or attorney-in-fact, notarized special power of attorney or authority of the agent to sell the proprietary membership share).
3. Letter of resignation by the resigning member/ Surrender of ID Cards of resigning member and his/her dependents.
4. Original Proprietary Certificate of the resigning member endorsed in favor of the transferee-applicant.
5. Accomplishment of Release (notarized), proxy and waiver forms.
6. Copy of clearance issued by the Club’s Treasurer to the resigning member acknowledging his/her full payment of all his/her obligations.
7. A signed copy of the Share Transfer Release Form.
