CA an NRI CA open a proprietorship firm in india
This query is : Resolved
ganesh iyer
(Querist)
12 September 2020
Dear All,
Request you to kindly guide if an NRI CA can open a proprietorship firm in india with a full time paid assistant. If yes whether the firm will have a separate bank account (NRO account) or will it be in the name of the CA?
Request you to kindly guide if an NRI CA can open a proprietorship firm in india with a full time paid assistant. If yes whether the firm will have a separate bank account (NRO account) or will it be in the name of the CA?
CA R SEETHARAMAN
(Expert)
12 September 2020
Yes. A member working abroad can have a proprietary firm in India provided the firm in India is under the charge of a member of the Institute who should be a full time paid assistant. This is a mandatory requirement under Section 27 of the Chartered Accountants Act, 1949.
Firm has to have NRO account in the name of CA.
Yes. A member working abroad can have a proprietary firm in India provided the firm in India is under the charge of a member of the Institute who should be a full time paid assistant. This is a mandatory requirement under Section 27 of the Chartered Accountants Act, 1949.
Firm has to have NRO account in the name of CA.
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