19 October 2011
A Chartered Accountant in practice cannot engage in any business or occupation other than the profession of Chartered Accountancy - As per terms of Clause (11) of Part I of First Schedule to the CA Act , in general, a Chartered Accountant in practice is not permitted to engage in any business or occupation other than the profession of Chartered Accountancy. However, there are following exceptions to it:- A Chartered Accountant can be a director of a company (not being a managing director or a whole time director), unless he or any of his partners is interested in such company as an auditor.
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