Section 24: Penalty for falsely claiming to be a member, etc.

Q: What does Section 24 of The Cost and Works Accountants Act, 1959 (TCWAA) deal with?

Section 24 TCWAA pertains to "Penalty for falsely claiming to be a member, etc.". It is part of the The Cost and Works Accountants Act, 1959, a legislation enacted by the Parliament of India. Section 24 of The Cost and Works Accountants Act, 1959 (TCWAA) prescribes penalty for falsely claiming to be a member, etc. As verified on 21 May 2026.

Q: Is Section 24 TCWAA still in force?

Yes, Section 24 of the The Cost and Works Accountants Act, 1959 is currently in force across the Republic of India.

Q: What is धारा 24 TCWAA?

धारा 24 TCWAA is the Devanagari Hindi reference for Section 24 of the The Cost and Works Accountants Act, 1959. Section 24 of The Cost and Works Accountants Act, 1959 (TCWAA) prescribes penalty for falsely claiming to be a member, etc. As verified on 21 May 2026.

Q: What is Dhara 24 TCWAA?

Dhara 24 TCWAA is the Roman Hindi reference for Section 24 of the The Cost and Works Accountants Act, 1959. "Dhara" means "Section" in Hindi. Section 24 of The Cost and Works Accountants Act, 1959 (TCWAA) prescribes penalty for falsely claiming to be a member, etc. As verified on 21 May 2026.

Q: How to cite Section 24 of The Cost and Works Accountants Act, 1959?

Cite as: "Section 24, The Cost and Works Accountants Act, 1959 (TCWAA)" in legal briefs. For academic writing, use the BlueBook format: The Cost and Works Accountants Act, 1959, 1959, § 24 (India).

Law on Tips Editorial Board

Any person who,—

not being a member of the Institute—
represents that he is a member of the Institute; or
uses the designation cost accountant; or

being a member of the Institute, but not having a certificate of practice, represents that he is in practice or practices as a cost accountant;

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. 1 Subs. by Act 12 of 2022, s. 63, for “one thousand rupees” (w.e.f. 10-5-2022). 2. Subs. by s. 63, ibid., for “five thousand rupees” (w.e.f. 10-5-2022).