Section - 26 - Unqualified persons not to sign documents
Unqualified persons not to sign documents.26. (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 than [two lakh rupees] but which may extend to [ten lakh rupees] or with both.]
51. Inserted by the Chartered Accountants (Amendment) Act, 1959, w.e.f. 1-7-1959.
52. Substituted by the Chartered Accountants (Amendment) Act, 2006, w.e.f. 8-8-2006. Prior to its substitution, sub-section (2) read as under : "(2) Any person contravening the provisions of sub-section (1) shall, without prejudice to any other proceedings which may be taken against him, be punishable with fine which may extend on first conviction 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."
52a. Substituted for "five th .... To read the full section download the app from Google Play store
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