AASHISH KUMAR JAIN (EXECUTIVE ACCOUNTS) 04 May 2021

A Practicing Lawyer Can take Insurance Agent Code or not.

Respected Sir,
A Taxation Practicing Lawyer Can take Insurance Agency Code in his own name or not. Please guide us.

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5 Replies

Sankaranarayanan (Advocate) 04 May 2021

can not better to take in another name

Dr J C Vashista (Advocate) 04 May 2021

Both the practice and agency can not run concurrently.

Agency may be taken in the name of some other person.

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 04 May 2021

under law an Advocate cannot to do a work other than an Advocate. You may pray for suspension of your license of Advocate and then you may work as LIC Agent. only after surrendering your bar license, otherwise you'll be prosecuted for professional misconduct.

T. Kalaiselvan, Advocate (Advocate) 04 May 2021

Rule 47 provides that an advocate shall not personally engage in any business; but he may be a sleeping partner in a firm doing business provided that in the opinion of the appropriate State Bar Council, the nature of the business is not inconsistent with the dignity of the profession.