<h1>Companies Must Obtain Approval from Regulatory Bodies Before Engaging in Professional Services Like Accountancy or Architecture.</h1> The Ministry of Corporate Affairs has clarified that companies or LLPs intending to engage in professions such as chartered accountancy, cost accountancy, architecture, or company secretarial work must obtain in-principle approval or a no-objection certificate from the relevant regulatory or professional bodies before they can be incorporated. This requirement also applies to businesses in banking and insurance sectors. The directive was issued by the Ministry in a circular dated March 1, 2012, and aims to ensure compliance with professional standards and regulations.