Chartered Accountants Act : Companies not to engage in accountancy. Indian Bare Acts :

Chartered Accountants Act,1949

Act No : 38

Section : Companies not to engage in accountancy.

25. Companies not to engage in accountancy. (1) No company, whether incorporated in India or elsewhere, shall practise as chartered accountants. (2) If any company contravenes the provisions of sub-section (1), then, without prejudice to any other proceedings which may be taken --------------------------------------------------------------------- 1 Ins. by Act 15 of 1959, s. 21 (w.e.f. 1-7-1959). 21 against the company, every director, manager, secretary and any other officer thereof who is knowingly a party to such contravention shall be punishable with fine which may extend on first conviction to one thousand rupees, and on any subsequent conviction to five thousand rupees.