KunalKunal asked 1 year ago
1 Answers
RaviRavi Staff answered 1 year ago

Partners holding Substantial Interest is covered in Cl 4
Relative holding Substantial Interest is covered in Council Guidelines 2008 
So CA will be guilty in both situation, if he gives opinion
 

2nd schedule clause 4 part 1 states only ca himself his firm or a partner in his firm has substantial interest and if then also he expresses an opinion will be held guilty.if relatives of ca are Substantially interested in business will the ca be held guilty?

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