This clause is applicable to all CAs, whether holding COP or Part Time COP or Not Holding COP (Job / Business / Nothing etc)
If this clause is applicable to all, then how a non COP holder can represent himself as FCA as only a CA in practice(whether part time or full time) can be FCA?
No, it is not correct that only a CA in practice can be FCA. Even ‘ a member who has been an associate for a continuous period of 5 years and who possesses such qualifications as may be prescribed by the council with a view to ensuring that he has experience equivalent to the experience normally acquired as a result of continuous practice for a period of 5 years as a CA’ can be entitled to use the letters F.C.A. after his name.