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
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