https://www.taxtmi.com/caselaws?id=356080 A regulated professional structure may be scrutinised where multinational accounting firms and connected Indian firms appear to use common branding, fee sharing, holding out, or network arrangements to mask foreign control and possible circumvention of the Chartered Accountants Act, 1949 and professional conduct rules. The text also treats remittances, grants, network charges, and related foreign receipts as requiring examination under FDI and FEMA restrictions where their true nature may amount to impermissible participation in Indian business. It further stresses that public-interest audit regulation may justify expert reconsideration of enforcement gaps and the need for stronger oversight. en-us Fri, 23 Feb 2018 00:00:00 +0530 Sat, 24 Feb 2018 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356080 A regulated professional structure may be scrutinised where multinational accounting firms and connected Indian firms appear to use common branding, fee sharing, holding out, or network arrangements to mask foreign control and possible circumvention of the Chartered Accountants Act, 1949 and professional conduct rules. The text also treats remittances, grants, network charges, and related foreign receipts as requiring examination under FDI and FEMA restrictions where their true nature may amount to impermissible participation in Indian business. It further stresses that public-interest audit regulation may justify expert reconsideration of enforcement gaps and the need for stronger oversight. Case-Laws Indian Laws Fri, 23 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356080