The Indian Performing Right Society Limited

Tariff Details- BO : BANKS AND OFFICES

Scope of Tariff

This Tariff Applies to the Public Performance of Music at the Premises either for the Staff Members or for the General Public.

General Conditions

This Tariff is subject to the Society’s General Conditions Applicable to Tariffs and Licences.

Royalty rates

The following Royalty Rates shall apply :

(A) For Performing / Playing of Music by way of Radio and / or Tape and/or any other Audio Medium:

FLOOR AREA	ROYALTY RATE
Upto 2000 Square Feet	Rs. 2,500/- p.a.

For each additional 1000 Square Feet or part thereof will be charged Rs. 1,250/-p.a.

(B) For Performing / Playing of Music by way of T.V. and / or Video and / or any other Video Medium, the Royalty shall be Rs. 2,500/- per Monitor / Set.

(C) The Minimum Royalty under this tariff shall be Rs.2,500/-

Applicability of Tariff

This Tariff replaces all previous versions and comes into force from 1st October, 2006 and applies to all royalties falling due on or after that date.

"Non-Compliant Licensees who seek to regularize past infringements / violations / breach of Society’s rights and licenses (including non-compliance with agreements, usage without license, vexatious litigation, etc), a penalty of 30% over the existing tariff shall be applied at the discretion of Society, where as compliant licensees will be charged license fees at a rate discounted at 5% at the discretion of the Society".

On each anniversary of this Tariff there will be an upward revision by 10%.

All Royalties are exclusive of all VAT / taxes / levies and are charged as advance for the period of twelve months and are to be paid at the beginning for the period.

Floor Area/Square Feet of the Premises means the Wall to Wall Area/Carpet Area of the Premises.

For General Terms and Conditions Click here

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