Can chartered accountant not holding "Certificate of Practice" provide Investment Advisory Services
This query is : Resolved
28 December 2023
Mr X and Mrs X wants to set up Wealth Solutions LLP. Description of services of LLP include
a) Investment Advisory (Financial Planning, Portfolio Management)
b) Mutual Fund Distribution (Mutual Fund Selection and Advice)
Mr X is non-CA and Mrs X is CA "not holding COP".
a) Can Mrs X, CA not holding "certificate of practice" become a partner in Wealth Solutions LLP where the other partner is non - CA
b) Can Mrs X chartered accountant not holding "Certificate of Practice" provide Investment / Wealth Advisory Services to the clients or Mr X can provide it.
c) Whether code of conduct of ICAI allows it or not
d) Whether any permission should be obtained by Mrs X from ICAI for becoming an Certified Investment Advisor
a) Investment Advisory (Financial Planning, Portfolio Management)
b) Mutual Fund Distribution (Mutual Fund Selection and Advice)
Mr X is non-CA and Mrs X is CA "not holding COP".
a) Can Mrs X, CA not holding "certificate of practice" become a partner in Wealth Solutions LLP where the other partner is non - CA
b) Can Mrs X chartered accountant not holding "Certificate of Practice" provide Investment / Wealth Advisory Services to the clients or Mr X can provide it.
c) Whether code of conduct of ICAI allows it or not
d) Whether any permission should be obtained by Mrs X from ICAI for becoming an Certified Investment Advisor
28 December 2023
a) yes as it's not a CA firm.
b) yes.
c) yes as not holding COP and not practicing as CA.
d) Not required as not holding COP.
b) yes.
c) yes as not holding COP and not practicing as CA.
d) Not required as not holding COP.
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