Companies not to engage in cost accountancy :
Section – 26. (1) No company, whether incorporated in India or elsewhere, shall practise as cost accountants.
[Explanation.—For the removal of doubts, it is hereby declared that the “company†shall include any limited liability partnership which has company as its partner for the purposes of this section.]
(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.