4.
| (1) Subject to the provisions of section 15, the following persons shall be eligible for membership of the Institute: -
| | (i) a person who passes the qualifying examinations for membership of the Institute to be conducted by the Council under this Act and completes practical training under a practising accountant approved by the Council and for such period as may be prescribed by the Council; | | |
| | (ii) a person who is a member of any society or institute of accountants by whatever name called and approved by regulations made by the Council as being in the opinion of the Council an association of equivalent status to the Institute: | | |
| | (iii) a person who was, at the appointed date, registered as an A0uditor under the Companies' (Auditors) Regulations, 1941. | | |
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| (2) Any regulations made by the Council prescribing practical training for the purpose of paragraph (i) of subsection (1) may contain such special provisions as the Council may deem expedient declaring that a person who had commenced prior to the appointed date and completed or completes, whether prior to or after that date, training under a practising accountant for such period as may be specified in the regulations shall be deemed to have completed the training prescribed for the purposes of the aforesaid paragraph (i). |
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| (3) Any regulations made by the Council by which any society or institute is approved for the purposes of paragraph (ii) of subsection (1) may provide, as a condition of such approval, that a member of such society or institute shall not be eligible for membership of the Institute of Chartered Accountants of Ceylon, unless he has undergone such training under a practising accountant approved by the Council for such period as may be specified or described in the regulations. |
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Sri Lanka Consolidated Acts