(Know Your Ethics) Can a member in practice be a sleeping partner in family business concern?

Questions › Category: CA-Final Prof Ethics › (Know Your Ethics) Can a member in practice be a sleeping partner in family business concern?

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Santosh Choudhary asked 6 years ago

Question Tags: Know Your Ethics

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Ravi Staff answered 6 years ago

Yes, a member in practice can be a sleeping partner in a family business concern provided he takes specific and prior permission from the Council in terms of Regulation 190A of Chartered Accountants Regulations, 1988.