3. Section 6 of the principal enactment is hereby amended as follows: -
| (1) by the repeal of subsections (2) and (3) of that section and the substitution therefor of the following new subsections: -
| | '(2) Any member of the Institute who satisfies the Council that he has been in continuous practice as an accountant for not less than five years,; whether before or after the appointed date, or partly before and partly after that date, or, who has completed ten years as a member of the Institute, shall on application made to the Council in that behalf on or before December 31, 1985 and on payment to the Council of a prescribed fee be registered by the Council as a Fellow of the Institute and shall be entitled to use the addition " F.C.A. " after his name to indicate that he is a Fellow. | | |
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| (3) Any member of the Institute who is not eligible for registration by the Council as a Fellow of the Institute in terms of subsection (2) shall be eligible for registration by the Council as a Fellow of the Institute on passing the Fellowship Examination to be : conducted by the Council and on application made to the Council in that behalf and on payment to the Council of a prescribed fee. Such member shall upon registration by the Council as a Fellow of the Institute be entitled to use the addition " F.C.A. " after his name to indicate that he is a Fellow. |
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| (4) Every member of the Institute who is not registered under subsection (2) or subsection (3) as a Fellow of the Institute shall be an Associate Member and shall have the right to use the addition " A.C.A." after his name to indicate that he is an Associate Member.'; and (2) by the renumbering of subsection (4) of that section as subsection (5). |
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Sri Lanka Consolidated Acts