law: Cost and Works Accountants Act, 1959 
  38. Reciprocity 
  (1) Where any country, specified by the
  
  Central Government in this behalf by notification in the Official Gazette,
  
  prevents persons of Indian domicile from becoming member of any institution
  
  similar to the Institute established under this Act or from practicing the
  
  profession of cost accountancy or subjects them to unfair discrimination in
  
  that country, no subject of any such country shall be entitled to become a
  
  member of the Institute or practice the profession of cost accountancy, in
  
  India.
  (2) Subject to the provisions of sub-section
  
  (1), the Council may prescribe the conditions, if any, subject to which foreign
  
  qualifications relating to cost accountancy shall be recognized for the
  
  purposes of entry in the Register.