Are chartered accountants allowed to engage in share trading
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2011
Can CAs who hold COP engage in share day trading business?
I checked the Chareterd Accountants Regulations 1988 but found no info regarding the institute's bar on share day trading.
Any reply will be highly appreciated.
I checked the Chareterd Accountants Regulations 1988 but found no info regarding the institute's bar on share day trading.
Any reply will be highly appreciated.
19 October 2011
A Chartered Accountant in practice cannot engage in any business or
occupation other than the profession of Chartered Accountancy -
As per terms of Clause (11) of Part I of First Schedule to the CA Act , in general, a
Chartered Accountant in practice is not permitted to engage in any business or
occupation other than the profession of Chartered Accountancy.
However, there are following exceptions to it:-
A Chartered Accountant can be a director of a company (not being a managing director or a whole time director), unless he or any of his partners is interested in such
company as an auditor.
occupation other than the profession of Chartered Accountancy -
As per terms of Clause (11) of Part I of First Schedule to the CA Act , in general, a
Chartered Accountant in practice is not permitted to engage in any business or
occupation other than the profession of Chartered Accountancy.
However, there are following exceptions to it:-
A Chartered Accountant can be a director of a company (not being a managing director or a whole time director), unless he or any of his partners is interested in such
company as an auditor.
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