1. The members of the Institute shall be of two classes designated respectively as associates and fellows.
2. Every person shall, on his name being entered in the Register, become an associate member or the Institute and be entitled to use the letters A.C.A. after his name to indicate that he is an associate member of the Institute.
3. A person who has completed five (05) years as an associate shall, on payment of the prescribed fee, become a fellow and his name shall be entered in the Register, and such person shall be entitled to use the letters F.C.A. after his name to indicate that he is a fellow of the Institute.