Can one ca be partner in two partnership firms??
This query is : Resolved
madhur gupta
(Querist)
30 December 2011
Hello Friendz
1.Can one CA be partner in 2 CA firms at same time
Further if yes, how it will effect his status on bank audit assignment
2. Besides partner in partnership firm can he use his own name stamp for certifying any document(i.e.if he doesnt want to use firm's stamp on that document)
Thx
1.Can one CA be partner in 2 CA firms at same time
Further if yes, how it will effect his status on bank audit assignment
2. Besides partner in partnership firm can he use his own name stamp for certifying any document(i.e.if he doesnt want to use firm's stamp on that document)
Thx
Vishal D Shah
(Expert)
31 December 2011
Of course. Why not.
madhur gupta
(Querist)
31 December 2011
Thx for the reply
I think in this overall limit of 45 tax remain be there on collective basis.
Is it so???????
I think in this overall limit of 45 tax remain be there on collective basis.
Is it so???????
31 December 2011
Yes, by virtue of clause 6.1.2 of ICAI Council General Guidelines,2008 which is reproduced below.
In computing the “specified number of tax audit assignments”, the number of such
assignments, which he or any partner of his firm has accepted whether singly or in
combination with any other Chartered Accountant in practice or firm of such
Chartered Accountants, shall be taken into account.
In computing the “specified number of tax audit assignments”, the number of such
assignments, which he or any partner of his firm has accepted whether singly or in
combination with any other Chartered Accountant in practice or firm of such
Chartered Accountants, shall be taken into account.
madhur gupta
(Querist)
31 December 2011
Thanks a lot sir for reply
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