Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

Can a COP holder take a job offer in a company?

Priyanka (NA) (82 Points)

29 April 2010

Hi,

Can a COP holder take a job offer in a company without relinquishing the COP status?

What are the implications if the COP status is maintained?

regards,

Reply
Follow
Share

5 Replies

CA Ravi Sisodia (CA,CS,CMA) (32226 Points)
Replied 29 April 2010

Not possiable dear its misconduct under CA Act,1949.

Upgrade to CAclubindia Pro. Subscribe Now!

Rahul Gupta (Project Controller ACA MBA(Fin.)) (8019 Points)
Replied 05 May 2010

Agreed . It is a misconduct. However, it is not compulsory to surrender the COP to institute, you can keep your COP with you and just intimate to the ICAI about taking up your job.

In that case your COP will be held as Part Time COP but then you are not allowed to do attestation and certification.

Prateek (B.Com(H) PGDBA CA Final) (436 Points)
Replied 09 June 2010

Practicing CA can't work as Director or Consultant for a Public or Pvt Ltd Company

CA.Amit lath (Asst. Manager(Finance)) (52 Points)
Replied 14 June 2010

2 type COP are issued by institute i.e part time and full time . a person emloyed else where can take part time COP .Furthermore permission of institute is required in some cases

Praveen Sharma (Chartered Accountant) (2045 Points)
Replied 20 January 2011

I don't agree with mr. Prateek, A full time COP holder can take assignment of a company as a consultant charge fees as professional fees. He can become a director in a company . Public Opinion is required...