24Penalty 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.