I'm confused.
a 50W bulb? In a 40W fixture? And?
What type of bulb? Regular incandescent? (or a 'real' CFL watt rating?)
Keep in mind all of the ratings are undersized for safety.
Secondly, heat dissipation is a key item in the ratings.
(I work on European machinery and they under size the gauge of the wire, up upsize the temp of the insulation) This is the key. (not unlike over clocking a CPU) Keep it cool (aka:at the temp of the rating or lower) and you will be OK.
Now your home owners insurance may think otherwise.... As will NEC or CSA depending on where you at.