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Can ca own commericial vehicle

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 April 2012 Can Non-Practicing Chartered Accountant own a commercial vehicle and take a loan on that even if he doesn't use it but give it on lease to somebody else???
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
28 April 2012 Yes, he can do so. no restriction on that.

If a member does not hold COP, there is no restriction to do any business or service.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
09 May 2012 with COP - No
Without COP - Yes

But is this the standard of CA that he is to own a commercial vehicle?
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