Icsi guidelines
This query is : Resolved
Law Aspire
(Querist)
26 December 2011
I am a member of ICSI. As per Institute's rules :
1. Can I be a partner in a partnership firm having business in dairy farming and manufacturing & marketing of dairy products?
2. If the answer is No, will it differ, if I am not looking into day to day affairs of the firm's business and this fact is noted in the partnership deed?
3. What if, I am partner in the firm before I became member of the Institute.
Kindly advise.
1. Can I be a partner in a partnership firm having business in dairy farming and manufacturing & marketing of dairy products?
2. If the answer is No, will it differ, if I am not looking into day to day affairs of the firm's business and this fact is noted in the partnership deed?
3. What if, I am partner in the firm before I became member of the Institute.
Kindly advise.
CS Pawan Kumar Baid
(Expert)
06 January 2012
Answer to all of your queries is - You can do this business if you are not in practice. If you are in practice, then you can do this business subject to approval of Council.
Regards
Regards
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