Leaving a partnership firm

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 December 2014
A partner wants to leave a partnership firm. What are the requirements to be fulfilled ? Is there any requirement of leaving partner to inform Institute?

16 December 2014 Is it a CA firm or what?
If yes, then do inform ICAI
For resignation the terms of partnership deed be followed.

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 December 2014
Yes it is a CA firm.

16 December 2014 It is in the interest of the retiring partner to inform ICAI. Say for example....AUDIT assignments.

17 December 2014 In case of retirement, letter of consent signed by retiring partner and Form 18 to be submitted to ICAI (decentralized office) by the existing partners.


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