Section 5: Fellows and Associates

(1)

The members of the Institute shall be divided into two classes designated respectively as associates and fellows.

(2)

Any person other than a person to whom the provisions of sub-section (3) apply shall, on his name being entered in the 1 [Register of members], be deemed to have become an associate member of the Institute and so long as his name remains so entered, shall be entitled to use the letters 2 [ACMA] after his name to indicate that he is an associate member of the 3 [Institute of Cost Accountants of India].

(3)

Any person who was a fellow of the dissolved company and who is entitled to have his name entered in the 1 [Register of members] under clause (i) of sub-section (1) of section 4, shall be entered in the 1 [Register of members]as a fellow of the Institute.

(5)

Any person whose name is entered in the 1 [Register of members] as a fellow of the Institute and so long as his name remains so entered, shall be entitled to use the letters 7 [FCMA] after his name to indicate that he is a fellow of the 3 [Institute of Cost Accountants of India].

1. Subs. by Act 12 of 2022, s. 43, for "Register" (w.e.f. 10-5-2022).

2. Subs. by Act 10 of 2012, s. 4, for "AICWA" (w.e.f. 1-2-2012).