What is the agreement betweeen ey and s.r baltiboi & co?

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

31 August 2016 Hi,

Would like to know the agreement between EY & S.R Baltiboi & co.
What enables EY to do business in India? Is it some type of Consulting agreement.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

31 August 2016 There is NO bar for doing any consulting business in india. Are you concerned about doing CA profession?

Querist : Anonymous

Querist : Anonymous (Querist)

31 August 2016 Sir,
I know the fact that there is no bar in doing consultancy business. But a foreign entity is not allowed to do Legal and Accounting Business in India as FDI in accounting and Legal Services are not allowed.
This is the reason why the big four's have agreed into an agreement with the Indian CA Firms. So i would like to what is the agreement that they have entered.
Further a CA is deemed to have conducted professional misconduct if he
pays or allows or agree to pay, any share, commission or brokerage in the fees or profits of his professional business to any other person other than a member of the institute.

So how has EY entered into an agreement with S R Baltiboi & Co. & What is the type of agreement between them.

Thanks.

Upgrade to CAclubindia Pro. Subscribe Now!

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

31 August 2016 both the entities work independently. There is NO any agreement as such to that effect

Querist : Anonymous

Querist : Anonymous (Querist)

01 September 2016 I'm sorry sir. But i dont think your answer is correct. S.R Baltiboi and Co is under EY same is the case with BSR & Associates with KPMG. You can check on the internet for Newspaper clippings etc..

Thank you for your time.