06 July 2024
A Chartered Accountant (CA) holding a Certificate of Practice (COP) in India is subject to the professional code of conduct and regulations set by the Institute of Chartered Accountants of India (ICAI). These regulations aim to ensure that CAs maintain their professional independence and integrity.
ICAI Regulations and Guidelines:
1. Code of Ethics: • The ICAI Code of Ethics specifies that a CA in practice should not engage in any business or occupation other than the profession of accountancy unless it is permitted by the ICAI. 2. Regulation 190A: • According to Regulation 190A of the Chartered Accountants Regulations, 1988, a CA holding a COP can engage in other activities only with the prior permission of the ICAI. The regulation lists certain activities which are generally permitted, but direct marketing or similar roles are not typically included in this list.
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