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".