Jayanta basujayanta basu asked 7 months ago
1 Answers
RaviRavi Staff answered 7 months ago

before becoming CA, person sells insurance policies which have periodical premium. after becoming CA , person takes COP and clause 11 gets applicable, now he cannot sell new policies, he will remain agent just to get commission on renewal premium paid on old policies. In short he will be agent but for limited purpose, not for selling new policies.
CAs are not allowed to do act as agents , dealers , franchisee , so academically having team for insurance will be doing these activities indirectly and he will be guilty. Practically it will be difficult to prove so all fine.