23 September 2018
PLEASE CLARIFY MY DOUBTS AS SOON AS POSSIBLE .THESE ARE MAKING MY MIND CLUMSY.PLZ DO REPLY FAST SINCE EXAMS ARE NEAR.
1.Can CA with COP a.start any business with ICAI permission? b.Start a Trust? c.become a member in Political party? d. be an employee in any firm or company in capacity as ca or not. e.be a partner of business firm f.use prefix CA anywhere without restrictions g.Display direction boards to ca firm h.say the firm name he worked in the past in interview I.put hoarding or big pic in newspaper by his friend congratulating for silver jubliee celebrations of ca firm or achieving rank in ca
2. All above questions incase of holding part-time COP 3.All above questions incase of just passed CA not holding any COP but in full time employment in a company
12 July 2024
Certainly! Let's clarify your doubts regarding the permissions and restrictions for Chartered Accountants (CAs) under different scenarios:
### For a CA with COP (Certificate of Practice):
1. **Can a CA with COP:** - **a. Start any business with ICAI permission?** - Yes, a CA with COP can start any business after obtaining permission from the Institute of Chartered Accountants of India (ICAI). This permission is necessary to ensure there are no conflicts of interest or violations of professional ethics.
- **b. Start a Trust?** - Yes, a CA with COP can start a Trust. Chartered Accountants often engage in activities related to trusts, including formation, management, and audits, among others.
- **c. Become a member of a Political party?** - Yes, a CA with COP can become a member of a political party. However, they should adhere to ethical guidelines and avoid any actions that may compromise their professional integrity.
- **d. Be an employee in any firm or company in the capacity as a CA or not?** - Yes, a CA with COP can be employed in any firm or company in the capacity of a CA or in any other role. There are no restrictions on employment, provided it does not interfere with their obligations as a CA.
- **e. Be a partner of a business firm?** - Yes, a CA with COP can be a partner in a business firm, subject to compliance with partnership laws and professional ethics.
- **f. Use the prefix 'CA' anywhere without restrictions?** - Yes, a CA with COP can use the prefix 'CA' to denote their professional qualification.
- **g. Display direction boards for a CA firm?** - Yes, a CA with COP can display direction boards for their CA firm, subject to any local regulatory requirements.
- **h. Mention the firm name they worked for in the past in an interview?** - Yes, a CA with COP can mention the names of firms they worked for in the past during interviews or professional engagements.
- **i. Put up a hoarding or a big picture in a newspaper by their friend congratulating for silver jubilee celebrations of a CA firm or achieving a rank in CA?** - Yes, a CA with COP can have such hoardings or announcements in newspapers, provided they comply with advertising guidelines and ethical considerations.
### For a CA holding Part-time COP:
- All the permissions and restrictions would generally align with those of a CA with full-time COP, but they might have certain limitations on the extent of practice or engagements they can undertake due to the part-time nature of their COP.
### For a Just Passed CA not holding any COP but in Full-time Employment:
- A CA who has just passed but does not yet hold COP and is in full-time employment: - Cannot engage in any practice requiring a COP. - Can work as an employee in a firm or company, even if it's not in a CA capacity. - Generally, should refrain from using the CA designation or engaging in activities requiring a COP until they obtain it.
### Important Note: - The specifics of permissions and restrictions may vary based on local laws, regulations, and specific circumstances. It's always advisable to consult with the ICAI or a qualified professional for precise guidance tailored to individual situations.
Understanding these distinctions will help you navigate the professional and regulatory landscape effectively. If you have further questions or need clarification on any specific point, feel free to ask!
CAclubindia
