23. (1) No company, whether incorporated in Bangladesh or elsewhere, shall practise as cost and management accountant in Bangladesh. (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 other officer of such company who is knowingly a party to such contravention, shall be punishable, on first conviction, with fine which may extend to one thousand taka, and, on any subsequent conviction, to five thousand taka.