AS A PART OF AND IN CONTINUATION OF THE EXISTING REGULATION [UNDER REGULATION 190A, WHICH APPEARS AS APPENDIX NO.(9) TO THE CHARTERED ACCOUNTANTS REGULATIONS 1988 (2002 EDITION)]

"IT IS FURTHER RESOLVED that the general and specific permission granted by the Council is subject to the condition that -

1. any member engaged in any other business or occupation, in terms of general or specific permission granted as per Appendix No.(9) given above shall not be entitled to perform any attest function. However, a member engaging in any of the following area(s), in terms of the specific or general permission so granted, shall be entitled to perform attest function :
   
   

   1. Authorship of books and articles
      
      

   2. Holding of Life Insurance Agency Licence for the limited purpose of getting renewal commission.
      
      

   3. Attending classes and appearing for any examination.
      
      

   4. Holding of public elective offices such as M.P., M.L.A. & M.L.C.
      
      

   5. Honorary office-bearership of charitable, educational or other non-commercial organisations.
      
      

   6. Acting as Notary Public, Justice of the Peace, Special Executive Magistrate and the like.
      
      

   7. Part-time tutorship under the Coaching Organisation of the Institute.
      
      

   8. Valuation of papers, acting as paper-setter, head-examiner or a moderator for any examination.
      
      

   9. Editorship of professional journals - (not in employment)
      
      

   10. Acting as surveyor and Loss Assessor under the Insurance Act, 1938 - (not in employment).
       
       

   11. Acting as Recovery consultant in the Banking Sector - (not in employment).
       
       

   12. Any coaching assignment organized by the Institute, its Regional Councils and Branches of Regional Councils.
       
       

   13. Engagement as Lecturer in an University, affiliated college, educational institution, coaching organisation, private tutorship, provided the direct teaching hours devoted to such activities taken together do not exceed 25 hours a week.
       
       

   14. Engagement in any other business or occupation permitted by the Executive Committee from time to time.
       
       

2. A member who is not entitled to perform attest function shall not be entitled to train articled clerks.
   
   

3. The decision (of the Council) taken at its 223rd meeting held in February, 2002 prescribing the criteria for individual cases of articleship shall continue to be in operation, mutatis mutandi."
   
   The Council in this connection also clarified that the Attest function for the purpose of this Resolution would cover services pertaining to audit, review, certification, agreed upon procedures, and compilation, as defined in the Framework of Statements on Standard Auditing Practices and Guidance Notes on Related Services published in the July, 2001 issue of the Institute's Journal.