The AVC Finance Committee Meeting was held on March 5, 2005 in Shanghai of China.

The meeting under chairmanship of AVC FC Chairman Mr. Essa Hamza made several proposals to AVC Board of Administration after detailed and serious discussion. The meeting heard a report on FIVB Committee meeting from Mr. Essa Hamza who is also a member of FIVB Finance Committee. He reported that Dr. B. Sivanthi Adityan, AVC Central Zonal Executive Vice-President, is appointed as the President of FIVB Finance Committee, and AVC new has two positions in FIVB F/C.

The meeting has a lively discussion on the new FIVB financial regulations and decides to follow FIVB's decision as below:

The National Federations have the obligation to pay punctually their annual FIVB affiliation fees to their respective Confederations.

The payment of the fee after 1st July entails a fine of CHF 100.00 charged to the NF, the payment of annual fee plus fine must be paid to the Confederation no later than 31st December.

In case of delay, if the payment is not received before 31st December, the NFs which are not in good order will be immediately suspended from any FIVB activities and assistance.

The resumption of activity will be permitted as soon as the arrears are paid.

The Confederations have to inform the FIVB twice a year, first time on 10th July and second on 10th January of the following year on the situation of the affiliated NFs.