CA Firm Merger ICAI


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This discussion explores the feasibility of merging two Chartered Accountant firms, one a proprietorship and the other a partnership, under ICAI guidelines. The key questions revolve around whether one firm can absorb the other to maintain the seniority of the older firm while potentially adopting the newer firm's name. The consensus suggests that absorption is possible, with the older firm absorbing the newer one to preserve seniority, and a name change to that of the absorbed firm can be considered later.

13 June 2020 Merger of two CA Firm:
Firm A-Proprietor Ship wef 2015
Firm B-Partnership wef 2020
Now firm A and B want to merge together with keeping the name of Firm B and seniority of Firm A.
Questions:
1.Whether it is possible ?
2.So whether A will absorb B or vice versa.

14 June 2020 1 Not possible.
2 A will absorb B so that seniority of firm A maintained.

14 June 2020 Dear Sir,
After A will absorb B can we change the name of A to B?
Then the seniority as well as name both condition would be satisfied

15 June 2020 Name change after some time.


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