Section 15: Rules as to articles, practising fees, etc.

(1) The Council may make rules-
(a) for the training with chartered accountants of suitable persons in accountancy methods and practice;
(b) for the supervision and regulation of the engagement, training and transfer of such persons; and
(c) for the provisions of articles.
(2) The Council may also make rules-
(a) prescribing the amount and due date for payment of the annual subscription and for such purpose different amounts may be prescribed by the rules according as the member of the Institute is a fellow, an associate or a registered accountant and according as the fellow or the associate is in practice as an accountant or not;
(b) prescribing the form of licence to practise to be issued annually or, if the Council thinks fit, by endorsement on an existing licence;
(c) restricting the right to practise as an accountant in default of payment of the amount of the annual subscription where the default continues for longer than such period as may be prescribed by the rules;
(d) restricting the right to practise as an accountant if the qualification granted outside Nigeria does not entitle the holder to practise as an accountant;
[1972 No. 30.]
(e) prescribing the period of practical training in the office of a chartered accountant in practice to be completed before a person qualifies for enrolment or a licence to practise as an accountant.
(3) Rules when made shall, if the chairman of the Council so directs, be published in the Federal Gazette.