(a) shall have been elected or admitted to be Members by the Council in accordance with these presents or the bye-laws, and also

(b) shall, by writing under their respective hands in such form as shall from time to time be approved by the Council, have applied to be admitted to Membership and agreed to be bound by the Memorandum and Articles, and

(c) shall have paid the prescribed fees.

5. The Members of the Institute (other than Honorary Members hereinafter mentioned) shall consist of two classes, namely, Fellows and Associates.

Fellows

6. The subscribers of the Memorandum of Association shall be Fellows of the Institute. No person (except as otherwise provided by these presents) shall be eligible for admission as or to become a Fellow of the Institute unless he: -

(a) has attained the age of thirty years,

(b) has been an Associate of the Institute, or a full member of one of the accountancy bodies or other professional bodies as recognised by the Council, for at least five years,

(c) has proved to the satisfaction of the Council of his experience in the field of taxation for a period of not less than nine years,

and in all cases satisfies the Council as to his general character and suitability.