banner_ad

Professional Ethics

Final 1013 views 3 replies

HI everyone,

I am a bit confused. I ve a question in Audit (Professional Ethics). Can anyone help me??

Can a CA enter into Partnership with any other non CA or member of any other Professional body for work other than practicing Chartered Accountancy???
(Professional Ethics: Clause 4 of Part1 of I schedule)

There was a case law asked in May 1998:

A practising CA Enters into partnership with his uncle for textile business. Is he guilty of professional Misconduct or not??

in compiler it is given that there are various viewpoints as to clause 4 is applicable only for practising Accountancy work or for any work other than accountancy??

plz help...thank u...

Replies (3)

GUILTY as held in this case law - 

Where a Chartered Accountant entered into partnership for export of garments without obtaining permission from the Institute. Held that he was inter alia guilty of professional misconduct under
Clause (11) of Part I of First Schedule to the Chartered Accountants Act, 1949.

(Mrs. Vimla Manchanda vs. Ashok Kumar Malik - Page 38 of Vol.IX-2A-21(4) of Disciplinary Cases – Council’s decision dated 11th to 14th September, 2002)

Under clause 4  a CA can be partner with a non CA if he is a member of another professional body like CS, ICWA, Architect .. but he is guilty for professional misconduct in this case of being partner with a uncle who is a non professional member


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details