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business by HUF of a person who is a CA

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(Querist)
24 September 2008 can HUF of a person who is a chartered accountant by profession in practice do business other than profession of CA. Can he be a sleeeping partner or an working partner in for example a trading in steel, cement business etc in the representative capacity as Karta of HUF
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Jitender

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Jitender (Expert)
24 September 2008 no ,he can't engage himself in any other business.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
24 September 2008 He has to obtain permission from the Institute under Regulation 190A of the CA regulations.
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