Under the Chartered Accountants Act, 1949, First Schedule, Part I, Clause (2), a Chartered Accountant in practice is deemed to be guilty of professional misconduct if he pays or allows or agrees to pay or allow, directly or indirectly, any share, commission or brokerage in the fees or profits of his professional business, to:
Options
AAny person other than a member of the Institute or a partner.
BA retired partner or legal representative of a deceased partner.
CA member of any other professional body having reciprocity.
DAll of the above.
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