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Section 26

Unqualified persons not to sign documents

(1)
No person other than a member of the Institute shall sign any document on behalf of a chartered accountant in practice or a firm of such chartered accountants in his or its professional capacity.

(2) Any person who contravenes the provisions of sub-section (1) shall, without prejudice to any other proceedings, which may be taken against him, be punishable on first conviction with a fine not less than one lakh rupees but which may extend to five lakh rupees, and in the event of a second or subsequent conviction with imprisonment for a term which may extend to one year or with fine not less two lakh rupees but which may extend to ten lakh rupees or with both.

Notes, amendments & references (7)

1. Subs. by Act 15 of 1959, s. 22, for chartered accountant (w.e.f. 1-7-1959).

2. Subs. by s. 22, ibid ., for firm of chartered accountants (w.e.f. 1-7-1959).

3. Subs. by Act 9 of 2006, s. 23, for sub-section (2) (w.e.f. 8-8-2006).

4. Subs. by Act 12 of 2022, s. 31, for "five thousand rupees" (w.e.f. 10-5-2022).

5. Subs. by s. 31, ibid ., for "one lakh rupees" (w.e.f. 10-5-2022).

6. Subs. by s. 31, ibid ., for "ten thousand rupees" (w.e.f. 10-5-2022).

7. Subs. by s. 31, ibid ., for "two lakh rupees" (w.e.f. 10-5-2022).