16 December 2013
As per CODE OF ETHICS Chartered Accountants cannot pay any share out of his emoluments:
Professional Misconduct in relation to Members of the Institute in Service: Clause (a) - Member in employment of a company, firm or person prohibited from paying or allowing or agreeing to pay or allow directly or indirectly to any person any share in his emoluments.
I want to know that, I being a CA not holding COP if goes to employment consultancy, I am required to pay a part out of my first salary as commission after I got job from that consultancy, Whether such payment by me will be considered as misconduct as per above clause?