My query pertains to Clause 4 of Schedule I to Chartered Accountants Act as amended by Chartered Accountants (Amendment) Act, 2006. Amendment provides that a CA in practice should not enter in to partnership with any person other than CA in practice or any other person who is member of any other professional body having such qualification as may be prescribed.
I want to know whether any such other professionals have been prescribed for the purpose of partnership.
04 October 2007
This pohibition applies not only to accounting related profession but also to any kind of profeesion/business. case law :Natin S. Sauly Vs ICAI.
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