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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).
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