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Preeti PahujaPreeti Pahuja asked 1 year ago

In clause 11 part 1 schedule 1  there is amendment that a member can acquire interest in family buss and provide evidence and he should be not active so my doubt is in Jan 21 question paper new syllabus Q6c there is a question that he is a sleeping partner and not actively involved in family In clause 11 part 1 schedule 1 there is amendment that a member can acquire interest in family buss and provide evidence and he should be not active so my doubt is in Jan 21 question paper new syllabus Q6c there is a question that he is a sleeping partner and not actively involved in family 
So now the ans will be he is not guilty rigjt na sir?
Because icai sugg ans he is guilty but after amendment he will not be guilty

1 Answers
RaviRavi Staff answered 1 year ago

they have just elaborated it, this point existed even before. there is no change in position, interest in family business was allowed earlier also, no active involvement + prior permission
he is declared guilty because he has not taken prior permission

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