Cost and Works Accountants Act, 1959
5. Qualifications for fellowship
For purposes of sub-section (4) of section 5
an Associate who, for a continuous period of not less than five years
immediately before the date of his application has held a position as Chief
Cost Accountant or an equivalent appointment, by whatever name designated, in
an organization approved for the purpose by the council shall be deemed to have
experience equivalent to the experience acquired as a result of continuous
practice for a period of five years as a Cost Accountant.