CAN A CHARTERED ACCOUNTANT TAKE INSURANCE AGENCY
This query is : Resolved
02 April 2016
Can a chartered accountant take insurance agency for selling life insurance with practising chartered accountant if not please provide circular for that
03 April 2016
No, as per code of ethics Chartered Accountant permitted to insurance financial advisory services. They are not permissible to do any kind of marketing and business procurement for any insurance company. There service limited to professional services in the Form advisory or consultancy services.
03 April 2016
Thanks sir for information but if a CA is doing INSURANCE BUSINESS THEN WHAT R THE DRAWBACKS FOR HIM PLEASE AWARE US ABOUT ACT AND DRAWBACKS OF THAT
03 April 2016
As per professional ethics set by ICAI CA can not become agent for insurance company. I don't think CA will directly act has agent for insurance company.
03 April 2016
Sir please send ETHICS SET BY ICAI CA
03 April 2016
I will share in my files
03 April 2016
I will share in my files
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03 April 2016
No.he can't.. he can take agency if commission received for only and only renewal.. not for new business..
05 April 2016
Code of ethics is now available for download in share file
05 April 2016
Even your HUF can't become agent.. if any one prove that you are actively associate with agency then it will be treated as violations of code of ethics.. two or three cases are there in which CAs find guilty..
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