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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
