Cost and Works Accountants Act, 1959
28B. Grad. CWA
(1) A person who has passed the qualifying examinations of the
Institute may, before he is admitted as an Associate Member, apply to the
Council for being enrolled as a Graduate of the Institute, and on such
enrolment, he shall be entitled to use the descriptive letters "Grad.
CWA", subject to his payment of annual subscription of Rs. 75, to indicate
that he has qualified in the Final Examination of the Institute.
(2) If a Grad. CWA has paid his annual subscription for a year,
and is admitted as an Associate during that year, he shall, notwithstanding
anything contained in sub-regulation (3) of Regulation 7, pay Rs. 25 only as
annual membership fee for that year, irrespective of his date of admission as
an Associate.
(3) Non-payment of annual subscription before 30th September of
every year will disentitle a person the use of the descriptive letters
"Grad, CWA".