Job and business

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2013 Hi everybody !!

I am a CA and working full time with a MNC in India. Can I also run a business on my name ?

Please suggest as to how can I do it if it is permissible by ICAI ?

Thanks.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

16 July 2013 Yes. you can run a business, but you cannot take any professional works as practicing members

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2013 Hi Ramesh !! Thanks for your reply.

Can you tell me if I have to take any permission for the same from ICAI if any for the same?

If yes how should i do it ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

22 July 2013 No such intimation to do the business unless you are carrying capacity of director of the business. you can update the membership update form available in the website

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2013 Thank you so much Mr. Ramesh.

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2013 So does that mean I can start carrying business as a Sole Proprietor ?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

22 July 2013 Yes. you can run proprietorship business of your, no restriction for that. when you are taking directorship or employment in your own company or others need to intimate to the institute with due course

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