ANNOUNCEMENT
       Re:    Advertising by members in practice engaged in
              Coaching/Teaching activities

       Regulation 190A of the Chartered Accountants Regulations, 1988 provides
that a chartered accountant in practice shall not engage in any business or
occupation other than the profession of accountancy, except with the permission
granted in accordance with a resolution of the Council.

        The Council has passed a Resolution under Regulation 190A granting
general permission (for private tutorship, and part-time tutorship under Coaching
organization of the Institute) and specific permission (for part-time or full time
tutorship under any educational institution other than Coaching organization of the
Institute). Such general and specific permission granted is subject to the condition
that the direct teaching hours devoted to such activities taken together should not
exceed 25 hours a week in order to be able to undertake attest functions .






        Keeping in view the broad purview of Clause (6) of Part I of the First
Schedule to the Chartered Accountants Act, 1949, an advertisement of Coaching
/teaching activities by a member in practice may amount to indirect solicitation, as
well as solicitation by any other means, and may therefore be violative of the
provisions of Clause (6) of Part I of the First Schedule to the Chartered Accountants
Act, 1949.

       In view of the above, such members are advised to abstain from advertising
their association with Coaching /teaching activities through hoardings, posters,
banners and by any other means, failing which they may be liable for disciplinary
action, as per the provisions of Chartered Accountants Act, 1949 and Rules
/Regulations framed thereunder .






       Subject to the above prohibition, such members may put, outside their
Coaching /teaching premises, sign board mentioning the name of
Coaching/teaching Institute, contact details and subjects taught therein only. As
regards the size and type of sign board, the Council Guidelines as applicable to
Firms of Chartered Accountants would apply.


                                                                    V. Sagar
                                                                   Secretary
                              The Institute of Chartered Accountants of India
                                                              18th May, 2017