The Institute of Chartered Accountants of India has issued Notification No. 1-CA(7)\/116\/ 2008 dated 25-9-2008 inter alia permitting CAs to enter into partnerships with non-CAs. <\/p>\n
Regulation 53B reads as follows:<\/p>\n
53B. Membership of professional bodies for partnership. \u2212 (1) For the purposes of entering into partnership under Item (4) of Part I of the First Schedule to the Act, a person shall be a member of any of the following professional bodies, namely:-<\/p>\n
(a) Company Secretary, member, The Institute of Company Secretaries of India, established under the Company Secretaries Act, 1980;<\/p>\n
(b) Cost Accountant, member, The Institute of Cost and Works Accountants of India established under the Cost and Works Accountants Act, 1959;<\/p>\n
(c) Advocate, member, Bar Council of India established under the Advocates Act, 1961;<\/p>\n
(d) Engineer, member, The Institution of Engineers, or Engineering from a University established by law or an institution recognized by law.<\/p>\n
(e) Architect, member, The Indian Institute of Architects established under the Architects Act, 1972;<\/p>\n
(f) Actuary, member, The Institute of Actuaries of India, established under the Actuaries Act, 2006.<\/p>\n
(2) Professional bodies or institutions outside India whose qualifications relating to accountancy are recognised by the Council under sub-section (2) of section 29 of the Act.\u201d;<\/p>\n