Please clarify the meaning of recovery consultant (clause 11) and debt recovery service (clause 10 reg.192)?

1 answer

Ravi Staff January 29, 2018

As per First Schedule Part 1 Clause 11 Regulation 190A — CA in practice can be Recovery Consultant in Banking Sector
As per First Schedule Part 1 Clause 10 Regulation 192 — CA in practice can charge fees on percentage basis on debt recovery services
 
So that means one clause allows to become consultant and other clause allows to charge fees on percentage basis
earlier becoming consultant  was allowed but charging percentage basis was not allowed, now with change in 192 this contradiction is resolved

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