law: Cost and Works Accountants Act, 1959 
  3. Incorporation of the Institute 
  (1) All persons whose names are entered in the
  
  Register at the commencement of this Act and all persons who may hereafter have
  
  their names entered in the Register under the provisions of this Act, so long
  
  as they continue to have their names borne on the said Register, are hereby
  
  constituted a body corporate by the name of the Institute of Cost and Works
  
  Accountants of India, and all such persons shall be known as members of the
  
  Institute.
  (2) The Institute shall have perpetual
  
  succession and a common seal, and shall have power to acquire, hold and dispose
  
  of property, both movable and immovable, and shall by its name sue or be sued.