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Professional Ethics for Chartered Accountants
A profession brings with it a special reponsibility. This is because, a ‘profession’ is characterised by application of special knowledge, alongwith certain reponsibilities. A profession is opposed from business, because when we speak of a ‘profession’, it means that firstly, … Continue reading
5 Responses to Professional Ethics for Chartered Accountants
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Simple Rules for Query or Comment
thanx for the article.
The essence revealed in a brief manner. One should understand the spirit and learn to maintain ethics.
Whether a CA can hold the licence as LIC agent
There is some difference between IRDA (Insurance Brokers) Regulations, 2002 and IRDA (Licencing of Insurance Agents) Regulations, 2000
A Practicing CA can provide insurance advisory under the first one in corporate form. However he cannot be an agent under the second one.
Also, ICAI says – that CA can hold “life insurance agency licence for limited purpose of getting renewal commission”. I guess in terms of practicality this hardly means anything – as CA cannot solicit for new policies.
As such having insurance agency is a business – and a practicing CA cannot do business.
Read the details at: http://icai.org/post.html?post_id=1132
Excellent article. Thank you.