Surrender of cop
This query is : Open
22 November 2013
If a CA having COP and he is working with the existing practioner CA, and he is getting professional fees not salary, whether the CA has to surrender the COP or not.
And whether any concept of full time practicing CA and part time practicing CA. If yes can anybody give info on that.
Plz answer my query asap..
And whether any concept of full time practicing CA and part time practicing CA. If yes can anybody give info on that.
Plz answer my query asap..
22 November 2013
Clearify whether working as partner or employee of other practising CA?
23 November 2013
no need to surrender the COP. in any case you can continue as a paid consultant.
23 November 2013
he is working as an employee bt getting professional fees nt salary..
23 November 2013
clause 2 of part I of 1st schedule to ca act,1949 gets attracted and employee is guilty of professional misconduct.
23 November 2013
Dear Tushar,
how does it attached clause 2 of Part I? You are very much allowed to hold COP and be a paid assistant. `
how does it attached clause 2 of Part I? You are very much allowed to hold COP and be a paid assistant. `
23 November 2013
paid assitant is different from sharing of fees with non practicing ca so it will attract.
23 November 2013
no where in the query the querist has talked about sharing of profits.
23 November 2013
READ 2 ND LINE...it says professional fees and not salary clearly written.
23 November 2013
professional fees doesnt amount to sharing of revenue/profit!!!
23 November 2013
but when expressly written " not salary" then>?????
23 November 2013
doesn't matter friend. I can very well work with a practicing CA on professional fee and continue to hold COP.
Other practicing CAs can verify or correct me.
Other practicing CAs can verify or correct me.
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