2. The board of directors shall admit to the professional training period a person who:
(1) (a) has successfully completed a program of studies leading to a diploma recognized by the Government the first paragraph of section 184 of the Code;
(b) holds a diploma recognized as equivalent by the board of directors; or
(c) has training that is recognized as equivalent by the board of directors;
(2) has completed an application for registration and has attached thereto all the required documents; and
(3) has paid the registration fee and the entrance fee for the activities of the professional training program.