C.A. as Insurance agent

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This query is : Resolved

CA.Mitul Dholakiya (Querist)

27 February 2008 Hi I am CA, cleared in Nov 2007.I have been working as Insurance agent from August 2007. Now I have a doubt that can I, as a CA, continue my agency of insurance or not? Whether professional etics is applicable? Or if I want to continue my agency, then Can I get membership number or COP?

Hoping early reply.
Thanking you.

Regards,
CA Mitul Dholakiya

Jitender

Jitender (Expert)

27 February 2008 if u are doing job , then cop will not be allotted.

CA.Mitul Dholakiya

CA.Mitul Dholakiya (Querist)

27 February 2008 I want to do job.But my main question is whether Chartered Accountant can become Insurance agent? Is it allowed as per Professional Ethics?

CA Saurabh Maheshwari

CA Saurabh Maheshwari (Expert)

27 February 2008 THERE IS NO PROBLEM IN GETTING MEMBERSHIP NUMBER ,BUT TO DO PRACTICE YOU SHOULD NOT WORK AS INSURANCE AGENT

CA Saurabh Maheshwari

CA Saurabh Maheshwari (Expert)

27 February 2008 I THINK WITH THE JOB THERE IS NO PROBLEM

CA.Mitul Dholakiya

CA.Mitul Dholakiya (Querist)

27 February 2008 Thank u Sir.

R.V.RAO

R.V.RAO (Expert)

27 February 2008 TO DO INSURANCE AGENCY,THE PROFESSIONAL EHICS AND CODE OF CONDUCT UNDER C.A REGUALATIONS IS APPLICABLE IF YOU ARE A PRACTICING C.A MEMBER.
BUT IF YOU ARE IN JOB AND DO NOT OFFICIALLY DECLARE YOUR OTHER OCCUPATIONS LIKE INSURANCE, THERE IS NO PROBLEM.
I FIND A FEW C.As taking up such jobs in the name of their spouses or mother or father or sister or brother.
if possible in your case, do that. then there will be no MENTAL botheration of a clash of professinal and personl interest.
R.V.RAO

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