My question is Suppose some person want to start a company named ABCD consultancy and services pvt ltd in india (ABCD Group is reputed one).So because of their reputation they procure many big big clients.Director,MD Is CA but neither in practice nor in service.There are small 4 ca firm that A& CO, B& CO, C& CO, D& CO. Company give works to all 4 CA firm by a agreement of 30% of professional fees. (1) Can it be possible in india? (2) Is the company violated company act? (3) Will any of section of of CA act appllies to company? (4) Will 4 CA firm will be guity for this?
Need Early and positive reply.
CAclubindia
