sir my friend have bought 2 shares of a listed company & the CA firm where he is doing articleship that listed company is the client so in this case whether any disqualification or PE clause with it create problems

1 answer

Ravi Staff December 19, 2018

Co Act & CA Act puts restriction on partners, there are no restrictions on article, employees, audit team members other than partners. So no problem as per laws.

If firm has internal policy not to hold such shares then firm can take internal action. But generally such policy doesnt exist, even if it exists detection and action are rarely done, so dont worry.


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