Clause 4 of part-i of first schedule to ca act

ca final student

Can anyone explain what is the meaning of BOLD LETTERS PART of below sentence: Clause 4 of part 1 of sch I to CA Act: " A CA in practice is deemed to be guilty of professional misconduct if he enters into partnership with any person other than ca in practice or member of any other professional body having prescribed qualification INCLUDING A RESIDENT WHO BUT FOR HIS RESIDENCE ABROAD WOULD BE ENTITLED TO BE REGISTERED AS A MEMBER U/S 4(i)(v) ........ "
Student CA Final

Section 4(i)(v) of CA act,1949 Reproduced below:

persons shall be entitled to have his name entered in the Register:

any person who has passed such other examination and completed such other training without India as is recognized by the Central Government or the Council as being equivalent to the examination and training prescribed for members of the Institute:

PROVIDED that in the case of any person who is not permanently residing in India, the Central Government or the Council, as the case may be, may impose such further conditions as it may deem fit.


persons covered above may be entitled to become indian CA Subject to conditions specified therein. Even with that person also CA in practice shall not enter into partnership.

Hope it clarified your Query.




Please re check the conclusion given by you. I think it's wrongly concluded.


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