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ICAI Advised Practising CAs On Coaching Business

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Pooja Mehra

(@pooja-mehra)

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Joined: 8 years ago

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Topic starter 22/05/2017 9:48 am

This is a discussion on AfterGraduation's new article "ICAI Advised Practising CAs On Coaching Business And Advertising Their Association".

The Institute of Chartered Accountants of India (ICAI) prohibited Chartered Accountant’s from promoting their association with Teaching Activities/ Coaching Business through Hoardings, Posters, Banners etc. As per ICAI rules, a practising CA (Chartered Accountant) shall not engage in any business or occupation other than the profession of accountancy.

V. Sagar, Secretary of ICAI wrote in an announcement dated May 18th,2017 that, members are advised to abstain from advertising their association with Coaching Business /teaching activities through hoardings, posters, banners and by any other means, failing which they may be liable for disciplinary action, as per the provisions of Chartered Accountants Act, 1949 and Rules /Regulations framed thereunder.

Regulation 190A of the Chartered Accountants Regulations, 1988 provides that a chartered accountant in practice shall not engage in any business or occupation other than the profession of accountancy, except with the permission granted in accordance with a resolution of the Council.

Link to Full Article on AfterGraduation

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