Firm closing query.

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This discussion clarifies how to fill out a CA firm closure form, specifically addressing issues with future closure dates and the meaning of the 'constitution/reconstitution date'. It explains that the closure date cannot precede the constitution date. The conversation also covers the process of surrendering a Certificate of Practice (COP) after firm closure, advising to complete KYM approval first and then surrender the COP, ideally within a week.

rama patel

rama patel (Querist)

27 August 2024 Hello sir,
Date from which it is continuing as a proprietorship firm : 23/06/2017.
Constitution of firm as on : 01/01/2018.
sir, from which date should I fill the firm closure form.

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

28 August 2024 Do you mean to say, what was the firm starting date? or closing date?

rama patel

rama patel (Querist)

28 August 2024 Sir,
while filling the CA firm closure form, the "date of closure" section is not accepting future date of closure ,it is displaying the following message "Date of firm closure should not be on or before the firm constitution/reconstitution date".
What is the meaning of above message, and what should I do further. Please guide me in this regard. which date should be considered as constitution date?

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

28 August 2024 On Which date you actually closed the firm?
It cannot be earlier to 01.01.2018.

rama patel

rama patel (Querist)

28 August 2024 Sir I want to close my sole proprietorship firm with effect from 29/08/2024.

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

29 August 2024 Where is the problem, fill closing date as 29.08.2024.

rama patel

rama patel (Querist)

03 September 2024 Thank you sir, for your help and guidance.

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

03 September 2024 You are welcome.

rama patel

rama patel (Querist)

20 September 2024 Hello sir,
Is it compulsory to surrender cop immediately after closing the firm or I can surrender my cop in upcoming month after approval of kym.

rama patel

rama patel (Querist)

22 September 2024 Hello sir,
Is it compulsory to surrender cop immediately after closing the firm or I can surrender my cop in upcoming month after approval of kym.

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

22 September 2024 Yes, you have option to surrender it afterwards. The KYM process needs to be completed and approved. The approval generally takes about 5 to 7 working days. After approval, you can proceed with the surrender. However, it's advisable to do so within a week.

rama patel

rama patel (Querist)

10 January 2025 Thank you sir for your guidance..
Happy New Year.. 🙂

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

10 January 2025 Happy New Year.

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