Management Consultancy Services include those services which are sensitive and therefore if CA performs such services he shall be deemed to be in practice.. Then why portfolio management services are not included in MCS as it is also a sensitive job to manage funds of public?

Questions › Category: CA-Final Prof Ethics › Management Consultancy Services include those services which are sensitive and therefore if CA performs such services he shall be deemed to be in practice.. Then why portfolio management services are not included in MCS as it is also a sensitive job to manage funds of public?

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Jasmine Kaur asked 7 years ago

Question Tags: MCS

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Ravi Staff answered 7 years ago

CA in practice cannot perform portfolio management services, as it involves taking huge money from client , carrying risk of money and investments, many a times if expectations of client are not fulfilled then portfolio managers get bad name, to avoid profession to get bad name ca in practice cannot provide portfolio management services.
if any ca stills wants to do it, surrender COP and then they can do it