2. (1) In this Ordinance, unless there is anything repugnant in the subject or context,-(a) “associate” means an associate member of the Institute;(b) “cost and management accountant” means a person who is an associate or a fellow of the Institute;(c) “Council” means the Council of the Institute;(d) “dissolved Institute” means the Institute as defined in the Cost and Industrial Accountants Act, 1966 (XIV of 1966);(e) “fellow” means a fellow member of the Institute;(f) “Institute” means the Institute of Cost and Management Accountants of Bangladesh constituted under this Ordinance;(g) “prescribed” means prescribed by regulations made under this Ordinance;(h) “President” means the President of the Council;(i) “Register” means the Register of members of the Institute maintained under this Ordinance;(j) “Vice-President” means the Vice-President of the Council. (2) Save as otherwise provided in this Ordinance, a member of the Institute shall be deemed “to be in practice” when, individually or in partnership with one or more members of the Institute in practice, he, in consideration of the remuneration received or to be received,-(a) engages himself in the practice of cost and management accounting; or(b) offers to perform services involving the costing or pricing of goods or services, or the preparation, verification or certification of cost accounting and related statements, or holds himself out to the public as a cost and management accountant; or(c) renders professional service or assistance in or about matters of principles or detail relating to the cost and management accounting procedures, or the recording, presentation or certification of costing facts or data; or(d) renders such other services as, in the opinion of the Council, are or may be rendered by a cost and management accountant in practice;and the words “to be in practice”, with its grammatical variations and cognate expressions, shall be construed accordingly. Explanation.- An associate or fellow who is a wholetime salaried employee of any person shall not be deemed “to be in practice” within the meaning of this sub-section.