Penalty for falsely claiming to be a member, etc . —A —Any person who, — — THE COST ACCOUNTANTS ACT, 1959

24. Penalty for falsely claiming to be a member, etc . —A —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 cost 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 cost accountant; 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.

Section 24