law: Cost and Works Accountants Act, 1959 
  24. Penalty for falsely claiming to be a
  
  member, etc. 
  Any person who- 
  (i) not being a member of the Institute- 
  (a) represents that he
  
  is a member of the Institute; or
  (b) uses the
  
  designation, cost accountant; or
  (ii) 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 one thousand rupees, and on any subsequent conviction
  
  with imprisonment which may extend to six months, or with fine which may extend
  
  to five thousand rupees, or with both.