Requirements for Public Practice
In order to
ensure the professional interest of members, the following should be kept
in view:
- Trade
names
for practicing members shall be after the name of the members
in practice in the case of a sole proprietor or in the name or
names of the partners in the case of a firm. (This restriction
shall not apply in the case of a succession in which case the
continuation of the name of the previous firm is permissible).
- Adoption
of foreign names (See Section
Index 4.06 - Members Handbook Vol-I).
- Inanimate
or abstract names partaking of the designatory character of services
to be rendered are not allowed in order to avoid disguised attempts
at publicity.
- The
members should not represent to the public at large that their
firm has partners who in fact are not Chartered Accountants in
practice within the meaning of Chartered Accountants Ordinance,
1961.
- Same
partners of a firm of chartered accountants are not permitted
to constitute another firm under a different name.
- A
member in practice intending to join a partnership may associate
with two firms only. However,
a sole proprietor can join only one partnership.
- Arrangement
by a member with another member for looking after his branch
office is not allowed. Such an arrangement, if it has
to take place, should be only through a regular partnership deed
(under the Partnership Act), a copy of which should be filed with
the Institute. Any other arrangement will not be accepted.
- No
person other than a member of the Institute shall sign any document
on behalf of a chartered accountant in practice or a firm of such
chartered accountants in his or its professional / Capacity.
- Where
a chartered accountant in practice or a firm of such chartered
accountants has more than one office each one of such offices
shall be in the separate charge of a member of the Institute who
ordinarily resides in the area served by such offices; provided
that the Council may in suitable cases exempt any chartered accountant
in practice or a firm of such chartered accountant from the operation
of this condition.
- Every
chartered accountant in practice or a firm of such chartered accountants
maintaining more than one office shall send to the Institute a
list of offices and the persons in charge
thereof and shall keep the Institute informed of any change in
relation thereto.
- The
members in practice are required to follow the provisions regarding
professional ethics contained
in Schedules I & II of the CA Ordinance, 1961 and Code
of Ethics of Chartered Accountants (6.04).
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