Amendment status not verified — confirm the current text below against the official source.
(1) No person other than a member of the Institute shall sign any document on behalf of a 1 [chartered accountant in practice] or a 2 [firm of such chartered accountants] in his or its professional capacity. 3 [(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 4 [ one lakh rupees] but which may extend to 5 [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 6 [two lakh rupees] but which may extend to 7 [ten lakh rupees] or with both.]