Any member(other than a Fellow or Institutional Member) desirous of retiring from the Institute shall give notice in writing of his/her desire in that behalf to the Chief Executive Officer and he/she shall be deemed to have ceased to be a member from the date of such notice. In the case of a Fellow or an Institutional member such notice shall be given to the President of the Institute and he/she, as the case may be, shall not be entitled to give such notice unless his/she subscription has been paid for the year in which the notice of his/her retirement is received.