24. Penalty for falsely claiming to be a member, etc
Any person who,—
(i)
not being a member of the Institute,—
(a)
represents that he is a member of the Institute; or
(b)
uses the designation Chartered Accountant, or
(ii)
being a member of the Institute, but not having a certificate of practice, represents that he is in practice or practices as a chartered accountants, shall be punishable on first conviction with fine which may extend to [one lakh rupees], and on any subsequent conviction with imprisonment which may extend to six months or with fine which may extend to [five lakh rupees], or with both.
Amendment notes (2)
- Subs w.e.f. 10-5-2022 . Subs. by Act 12 of 2022, s. 28, for “one thousand rupees” (w.e.f. 10-5-2022).
- Subs w.e.f. 10-5-2022 . Subs. by s. 28, ibid., for “five thousand rupees” (w.e.f. 10-5-2022).