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Section 24: Penalty for falsely claiming to be a member, etc · Complied AI

Chapter 7
Section 24

Section 24Chapter 7

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 1 [one lakh rupees], and on any subsequent conviction with imprisonment which may extend to six months or with fine which may extend to 2 [five lakh rupees], or with both.

1. Subs. by Act 12 of 2022, s. 28, for “one thousand rupees” (w.e.f. 10-5-2022).

2. Subs. by s. 28, ibid ., for “five thousand rupees” (w.e.f. 10-5-2022).

Section 23 Section 24 Section 24A