Regarding being an insurance agent
This query is : Resolved
24 August 2011
I just want to ask one thing that a CA who has cleared his final can become an Insurance agent if he does not want to do practise?
And if yes are there any requirements which we have to submit or declare to the ICAI?
And if yes are there any requirements which we have to submit or declare to the ICAI?
24 August 2011
A CA cannot act as a Insurance Agent except for the limited purpose of receiving the Renewal Commission
24 August 2011
But in CA Professional Ethics its given a CA in practise can act as a Insurance Agent except for the limited purpose of receiving the Renewal Commission nothing has been mentioned about CA who is a just a member of ICAI doing job
24 August 2011
Please Refer PART II Clause (1) of the Professional Ethics,
It is Applicable for a member whether in practice or not.
It is Applicable for a member whether in practice or not.
24 August 2011
SECOND SCHEDULE - PART II Clause (1) of the Professional Ethics
CONTRAVENTION OF REGULATION 190-A
CONTRAVENTION OF REGULATION 190-A
24 August 2011
Could you please post exactly what is written in Part II Clause (1) of the Professional Ethics.
24 August 2011
Part II Clause (1) said that CA cannot be a insurance agent but it can be insurance broker and also takes renewal commission as a agent if he having insurance agency before completing CA.
24 August 2011
I saw it now that you told contravention of 190A which is as follows:
190A. Chartered Accountant In practice not to engage in any other business or occupation
“A chartered accountant in practice not to engage in any other business or occupation other
than the profession of accountancy except with the permission granted in accordance with a
resolution of the Council”.
Here its written only in practise
190A. Chartered Accountant In practice not to engage in any other business or occupation
“A chartered accountant in practice not to engage in any other business or occupation other
than the profession of accountancy except with the permission granted in accordance with a
resolution of the Council”.
Here its written only in practise
24 August 2011
A CA can start agency business or for that matter any other business of any kind if he is not in practice.
Regulation 190A applies for CA in practice.
Regulation 190A applies for CA in practice.
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