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CAs can start management consultancy companies
NEW DELHI:
The Governing body of the Institute of Chartered Accountants of India (ICAI) on Thursday allowed its members to set up management consultancy companies to help shore up capital and human resource.
Practicing CAs were so far not allowed to be equity holders in companies and could function in the capacity of individual or partnership firms.
ICAI President T. N. Manoharan told newspersons that with the permission, CAs would get empowered to operate in a corporate form in specialised management subjects without the constraint of human resource or capital. The ICAI also introduced a new course on consultancy management which will be open to practising CAs based on self-assessment. — PTI
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