Manager - Finance & Accounts
58384 Points
Joined June 2010
Hey Pramod, congrats on qualifying! Here’s a quick rundown on your queries about being a Part-time COP holder:
1. Visiting card and letterhead in your name as Part-time COP?
Yes, you can have your own visiting card and letterhead mentioning your Part-time COP status. Just ensure you clearly indicate “Part-time COP” to avoid any misrepresentation.
2. Can you attend IT/GST department on client’s behalf?
Yes, as a Part-time COP, you can represent clients before Income Tax, GST, and other tax authorities for matters like assessments, appeals, and compliance.
3. Participate in audit (not signing) in the firm where you are/will be a partner?
Yes, you may participate in the audit work but you cannot sign the audit report. Also, ensure no conflict of interest arises per ICAI regulations.
4. Prepare proposals for Bank loans/CC/OD/LC/BG limits on behalf of clients?
Yes, you can prepare financial proposals, business plans, and documents for banks and financial institutions as part of advisory or consultancy work.
5. Other scopes of work you can do individually?
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Tax advisory and compliance
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GST consultancy
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Corporate secretarial work (except signing as full COP)
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Financial analysis and due diligence
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Management consultancy
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Training and workshops
Important Notes: