Practisong CA
This query is : Resolved
CA Rohit Garg
(Querist)
13 February 2010
helo sir , i want to know whether a 4 or 5 CAs can practise together by forming a CA firm ,as well as as their respective prop. concerns simultaneously??
CA Ravi Sisodia
(Expert)
14 February 2010
no dear rohit , either you can practice as prop. or as partnership firm.
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BALASUBRAMANYA B N
(Expert)
14 February 2010
Yes agree with ravi sir, if you make with 2 also its like partnership firm only...
Rahul Gupta
(Expert)
14 February 2010
Agree. even two members can form a partnership firm.
Regarding Indiavidual firms, at one time ur one firm will work.. It is possible that ur individual firm will join and can become partners in CA firm.. from that date ur partnership firm will exist.. and when u want to discontinue..then can leave the partnership firm and ur name of the Individual firm will be saved by the Institute but only for 3 years.
i.e If any time u descntinue from the partnership firm within 3 years u can use the name of ur prop. firm after the discountinuation form partnership firm.
Regarding Indiavidual firms, at one time ur one firm will work.. It is possible that ur individual firm will join and can become partners in CA firm.. from that date ur partnership firm will exist.. and when u want to discontinue..then can leave the partnership firm and ur name of the Individual firm will be saved by the Institute but only for 3 years.
i.e If any time u descntinue from the partnership firm within 3 years u can use the name of ur prop. firm after the discountinuation form partnership firm.
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CA Rohit Garg
(Querist)
15 February 2010
thnx for the replies dear..
CA Rohit Garg
(Querist)
15 February 2010
so is it not possible to apply for bank audits or any other work under both the names?means as a prop and in the name of the firm?
Rahul Gupta
(Expert)
15 February 2010
No its not possible to apply from Both means. Also, if u merge ur prop. in the partnership..then whatever u do is of the firm...ur prop..doesn't exist from that day.
CA Ravi Sisodia
(Expert)
15 February 2010
you can practice only one capacity.
CA Rohit Garg
(Querist)
15 February 2010
thnx sir
CMA Arif Farooqui
(Expert)
20 February 2010
agree
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