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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
