Can anyone give me mnemonics to remember clauses of SH1 and SH2 of ca act in sequential order (professional ethics).
plesae please please
Sanjay S
(Chartered Accountant)
(1375 Points)
Replied 12 September 2012
Jairam J
(CA, B.COM(Hons.))
(382 Points)
Replied 13 September 2012
PART 1 of SCHEDULE 1: KEY:
“Nana Patekar Asks Partner Shilpa Shetty About C.A. Prospectus Being in South”
Clause: 1 Nana - Name
Clause: 2 Patekar - Pays
Clause: 3 Asks - Accepts
Clause: 4 Partner - Partnership
Clause: 5 Shilpa - Secures
Clause: 6 Shetty - Solicits
Clause: 7 About - Advertises
Clause: 8 C. - Communicating
Clause: 9 A. - Ascertaining
Clause: 10 Prospectus - % of Profit
Clause: 11 Being in - Business or Profession
Clause: 12 South - Sign on his behalf
PART 1 of SCHEDULE 2: KEY:
“Don’t Cheat Friends it May Make Good Intention Go Bad”
Clause: 1 Don’t - Disclosure
Clause: 2 Cheat - Certifies
Clause: 3 Friends - Forecast
Clause: 4 Partner it - Partnership Substantial Interest
Clause: 5 May - Material Fact
Clause: 6 Make - Material Misstatement
Clause: 7 Good - Grossly Negligent
Clause: 8 Intention - Sufficient Information
Clause: 9 Go - Generally Accepted
Clause: 10 Bad - Separate Bank Account
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