Can CA in practice trade in futures and options?

The central council of the CA Institute has given its approval for members to trade in equity derivatives. However, ICAI members cannot trade in commodity derivatives, Nihar Jambusaria, President, Institute of Chartered Accountants of India (ICAI), told BusinessLine.

Can a CA in practice do intraday trading?

The Income earned from Intraday Trading is clubbed into other business income, so practicing CA cannot to trading.

Does CA learn about stock market?

CA syllabus covers theoretical knowledge about the stock market. You will understand what stock market is and how it functions, factors that effect stock market, you will learn about derivatives, futures, options and many more things but only in theory.

Can we do intraday in futures and options?

Trading nifty or stock options in intraday trading are possible. Most traders open a position at the beginning of a day, and close it near the end of the day.

Can a practicing CA be a shareholder?

CA in Practice cannot become director of company unless he takes permission from ICAI.

Can CA in practice do business?

The Institute of Chartered accountant of India through its 190A regulation allows members to engage in any act without taking permission from the council. However a Full- Time Salaried Chartered Accountant can do business in his HUF’s as the said clause only applicable on practicing Chartered Accountant.

Can a CA become stock market analyst?

Yes, it is difficult to land in an equity research profile, but it is very much possible. It is difficult due to the demand-supply dynamics, number of CA wanting the unconventional equity research profiles is much more than the number of roles actually available.

Which is better for intraday options or futures?

Intraday is feasible if you have enough capital and are aware of the stock’s performance, while F&O helps in the prediction of the price whether it would rise or fall to book profits.

Can a practicing CA be an independent director?

The Ethical Standards Board, at its 115th Meeting held on 23rd April, 2011 after discussions decided that a CA in practice can be a ‘Director Simplicitor’ , which includes an independent director.

Can a practicing CA be a non executive director?

Can a Practicing CA become a director in a company? Yes.

What is the ICAI standard for derivatives trading?

According to ethical standard board of ICAI Derivatives Transactions are considered in the nature of business or occupation other than the profession of chartered Accountant, not in the nature of investment. It Covers under Clause 11 of Part 1 of the First Schedule of Chartered Accountant Act 1949.

Is there any scheme to train young chartered accountant into equity research?

Unfortunately, with the wild fluctuations in the market, the market players – be in domestic financial institutions, foreign institutional investors, high net worth individuals, brokers or investment gurus or investment advisors, do not have a scheme to train young chartered accountants into Equity Research.

What is professional misconduct under the Chartered Accountant Act 1949?

As per Clause 11 of Part 1 of the First Schedule of The Chartered Accountant Act, 1949 A Chartered Accountant in Practice shall be deemed to be guilty of professional misconduct if he engaged in any business or occupation other than profession of Chartered Accountant unless permitted by Council so to engage.

How can I start a trading business with close relatives?

The capital in trading will mostly be debt so try and differntiate your two portfolios as said by mr Rakesh Jhunjhunwala. The other option may be to open a small portfolio management firm which will require Sebi registration and start managing funds of your close relatives. In this way you