law: Cost and Works Accountants Act, 1959 
  26. Companies not to engage in cost
  
  accountancy 
  (1) No company, whether incorporated in India
  
  or elsewhere, shall practice as cost accountants.
  (2) Any contravention of the provisions of
  
  sub-section (1) shall be punishable on first conviction with fine which may
  
  extend to one thousand rupees, and on any subsequent conviction to five
  
  thousand rupees.