Section 23Companies not to engage in accountancy

s. 23

23. Companies not to engage in accountancy (1) No company, limiting the liability of its members, whether incorporated in Bangladesh 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 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.