Cost And Works Accountants Act, 1959

Section - 25 - Penalty for using name of the Council, awarding degrees of cost accountancy, etc

Penalty for using name of the Council, awarding degrees of cost accountancy, etc.

25. (1) Save as otherwise provided in this Act, no person shall,-

(i)	-	use a name or a common seal which is identical with the name or the common seal of the Institute or so nearly resembles it as to deceive or as is likely to deceive the public;
(ii)	-	award any degree, diploma or certificate or bestow any designation which indicates or purports to indicate the position or attainment of any qualification or competence in cost accountancy similar to that of a member of the Institute; or
(iii)	-	seek to regulate in any manner whatsoever the profession of [cost accountants].

(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 imprisonment which may extend to six months or with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees or with both on first conviction], and on any su .... To read the full section download the app from Google Play store