Hi friends,
Can a Chartered Accountant be a partner in two or more CA firm? Pls specify the section reference also...?
Thanks
CA Manish K Dhoot
(CA, B. Com, NCFM, CPCM)
(5015 Points)
Replied 20 August 2010
Yes. A Chartered Accountant can be a partner in two or more CA firm
CA SWETA
(Partner)
(61 Points)
Replied 20 August 2010
Thanks Manish
pls give the necessary refernce..so that i can read once
CA Manish K Dhoot
(CA, B. Com, NCFM, CPCM)
(5015 Points)
Replied 20 August 2010
CA Amit Kanani
(Practicing CA)
(338 Points)
Replied 20 August 2010
There is no ref. regarding this in CA Act.
CA Navin Jain
(MANAGER (FINANCE & ACCOUNTS))
(11768 Points)
Replied 20 August 2010
Yes, A Chartered Accountant can be partner in two or more ca firms
shobha jindal
(article)
(43 Points)
Replied 20 August 2010
yes, a CA can be partner in two firms at d same time but subject to ceiling on limit of no. of auit.
According to sec 224(1B) of Companies Act, 1956, a person can be appointed as an auditor, who is not in full employment elsewhere or u can say auditor in two more than two firms can conduct maximum of audit of 20 companies subject to sub ceiling of 10 for companies having paid up capital of Rs. 25 Lacs or more.
But dis rule applies only to Public Companies. an auditor can conduct any no. of audits for private companies.
no ceiling for private companies.
yes, a CA can be partner in two firms at d same time but subject to ceiling on limit of no. of auit.
According to sec 224(1B) of Companies Act, 1956, a person can be appointed as an auditor, who is not in full employment elsewhere or u can say auditor in two more than two firms can conduct maximum of audit of 20 companies subject to sub ceiling of 10 for companies having paid up capital of Rs. 25 Lacs or more.
But dis rule applies only to Public Companies. an auditor can conduct any no. of audits for private companies.
no ceiling for private companies.
Mayur Arora
(CA Final)
(295 Points)
Replied 20 August 2010
yes a CA can be a partner in as many firms as he/she like to become
Vikram
(ICWAI )
(82 Points)
Replied 20 August 2010
Yes,he can be a parter in more than one firm..But should maintain maximum Ceiling of 20.
Pkala
(CA Final (New Course))
(211 Points)
Replied 20 August 2010
Yes, he/she can be a partner more than one firm.
CA Madhukiran Reddy
(CHARTERED ACCOUNTANT)
(12714 Points)
Replied 20 August 2010
YES A CHARTED CAN BE A PARTNER OF TWO FIRMS
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