Section 21: Penalty for falsely claiming to be a member, etc. A person shall, without prejudice

21. Penalty for falsely claiming to be a member, etc. A person shall, without prejudice to his liability to any disciplinary measure prescribed under section 34, be punishable, on first conviction, with fine which may extend to one thousand rupees, and, on any subsequent conviction, with imprisonment which may extend to six months, or with fine which may extend to five thousand rupees, or with both if he__ (1) not being a member of the Institute, represents that he is a member of the Institute, or uses the designation of Cost and 2[Management Accountant or the letters A.C.M.A., F.C.M.A.]; or (2) being a member of the Institute but not having a certificate of practice, represents that he is in practice or practices as 2[a cost and management accountant], cost accountant or works accountant or in some similar profession in the field of cost and 3[management accounting].

Effective date: 1966-01-01

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