CHAPTER VII

Penalties

24. Penalty for falsely claiming to be a member etc.

Subject to the provisions of section 7, any person who,

(a) not being a member of the Institute,--

(i) represents that he is a member of the Institute; or

(ii) uses the designation Company Secretary; or

(iii) uses the letters A.C.S. or F.C.S. after his name; or

(b) being a member of the Institute, but not having a certificate of practice, represents that he is in practice or practises as a Company Secretary,

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.

Note:

1. Subs by Act 12 of 2022, s. 96, for “one thousand rupees” (w.e.f. 10-5-2022).

2. Subs by, s. 96, ibid., for “five thousand rupees” (w.e.f. 10-5-2022).