Festive Savings Are Here. Get 10% OFF on All CCI Pro Plans. Subscribe Now!

Are chartered accountants allowed to engage in share trading

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2011 Can CAs who hold COP engage in share day trading business?

I checked the Chareterd Accountants Regulations 1988 but found no info regarding the institute's bar on share day trading.

Any reply will be highly appreciated.

praveen sisodia

praveen sisodia (Expert)

19 October 2011 A Chartered Accountant in practice cannot engage in any business or
occupation other than the profession of Chartered Accountancy -
As per terms of Clause (11) of Part I of First Schedule to the CA Act , in general, a
Chartered Accountant in practice is not permitted to engage in any business or
occupation other than the profession of Chartered Accountancy.
However, there are following exceptions to it:-
A Chartered Accountant can be a director of a company (not being a managing director or a whole time director), unless he or any of his partners is interested in such
company as an auditor.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now