Ajinkya Sawrikar asked 3 years ago
Regulation 192 allows a CA to charge fees on % basis of debts recovered in case of provision of debt recovery services.
There was question in May 2020 RTP which said that a PVT Ltd company appointed a CA to provide debt recovery services and consequently he charged fees on % basis.
But this is in contravention to what we have already seen in MCS u/s 2(2)(iv) of CA Act, 1949. CAs are allowed to provide debt recovery services only for banking sector.
Kindly clarify Sir. Thank you.
Ravi Staff answered 3 years ago
this question was asked in
May 20 RTP
May 17 RTP
it was never asked in exams.
yes there is flaw in question, such consultancy is allowed in banking sector.
they forgot to consider, prescription given in management consultancy service
may be thats why it is not yet asked in exams yet