Resolutions passed by the Council under the proviso to clause (v) of sub-section (1) of Section 4
(1) “Resolved that the Membership of a person covered by proviso to Section 4(1)(v) of the Chartered Accountants Act, 1949, shall be subject to the condition that the person in question has a place of business in India either in his own charge or in charge of a Member of the Institute.”
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(2) Criteria laid down regarding “residence ”applicable to cases falling under the proviso to Section 4(1)(v):
(a) if a person is in India in a year for a period or periods amounting in all to 182 days or more; or
(b) if he maintains or causes to be maintained for him a dwelling place in India for a period or periods amounting in all to 182 days or more in a year and has been in India for 90 days or more in that year.
