Part time cop for a partnership firm

This query is : Resolved

DIVYESH JAIN (Querist)
Follow

13 June 2019 Dear Sir,

My sister has completed her CA in 2018 and have got a part time cop number. Now she wants to become a partner in a partnership firm but while registering for firm name approval she is getting an error message that Part time cop not allowed to apply for firm name. Please obtain full time cop.

As per I know, a part time cop number can be used to form a firm. She won't be allowed to do any signing work. But entering into a partnership firm must be allowed.

Please help me resolve this issue.

Regards,
Divyesh Jain

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

13 June 2019 She can only join in an existing firm not allowed to create a new firm.

DIVYESH JAIN

DIVYESH JAIN (Querist)
Follow

13 June 2019 Ok.. If we create a new firm with two ca's having full time cop number and once the new firm is created remove one of the ca and my sister comes in place of the resigned ca. Though my sister will continue having part time cop number.

M J V Shankar

M J V Shankar (Expert)
Follow

13 June 2019 To join in any firm as partner, candidate should get his FULL TIME COP for signing as a partner.. Unless she gets registered with Full time COP she cannot join.. she has to convert part time into full time

DIVYESH JAIN

DIVYESH JAIN (Querist)
Follow

13 June 2019 Dear Shankar Sir,

She will not be signing any documents. She will be a partner in the firm once new firm is created by full time chartered accountants. Then only one full time cop and part time cop will continue the firm as one partner will resign.

M J V Shankar

M J V Shankar (Expert)
Follow

13 June 2019 In my opinion, even though she signs or not, she has not register for Full time COP to become a partner in any firm (even after resignation of other partner).

DIVYESH JAIN

DIVYESH JAIN (Querist)
Follow

13 June 2019 Ok.. Thanks a lot Seetharaman sir and Shankar sir for your opinion.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

John Ravindran Moses

ABHISHEK AGRAWAL

Prashant Kotecha

Sanjay Ratnani

Vinod Patil

Subscribe Now

Part time cop for a partnership firm

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA