Section 5: Associates and fellows
The Cost and Management Accountants Act, 1966 · Labour Laws · in_force
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5. Associates and fellows.__ (1) Save as otherwise provided in the Act, the members of the Institute shall be divided into two classes designated as fellows and associates. (2) A person, other than a person mentioned in subsection (3), shall, on his name being entered in the Register, be an associate and, so long as his name remains so entered, shall be entitled to use the letters 1[A.C.M.A.] after his name to indicate that he is an associate of the Institute. (3) The name of a person who was, immediately before the commencement of this Act, a fellow of the dissolved company shall be entered in the Register as a fellow of the Institute and such person, so long as his name remains so entered, shall be entitled to use the letters 2[F.C.M.A.] after his name to indicate that he is a fellow of the Institute. (4) A person who has been an associate for a continuous period of not less than five years and who possesses such qualifications as the Council may prescribe, may apply to the Council for admission as fellow; and if the Council grants his application his name shall be entered in the Register as a fellow. Explanation.__ In computing the continuous period during which a person has been an associate of the Institute there shall be included any continuous period d uring which he has been an associate of the dissolved company immediately before he became an associate of the Institute. (5) The decision of the Council on an application under subsession (4) shall be final.
Effective date: 1966-01-01
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Version cost-and-management-accountants-act-1966~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.