Payments shall be made in Cash or by Bank draft, Telegraphic Transfer, Postal Order or local Bank cheque. Payment by Bank Cheques will only become effective after it has been cleared by the bank and money credited to the account of the Board. An applicant who fails to pay the prescribed registration fees and annual subscription fees within sixty (60) days shall have his approval revoked. Registered contractor will be issued with a Registration Certificate within two weeks after making payment.