Section 24: Penalty for falsely claiming to be a member, etc.
The Chartered Accountants Act, 1949Central Act · Act 38 of 1949
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.