resignation from parnership

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ca_nimisha (Querist)
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02 July 2011 i am having part time COP.i want to give resignation from the partnership i am having with one CA firm.kindly guide me how to go about it.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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02 July 2011 1) Pl execute a retirement agreement in stamp paper of requisite value in accordance with the stamp act of the state to which your firm belongs.
2) Comply the procedures as per regulation 190 of our act which is given here under for a reference.
(a) A letter informing changes in the firm alongwith Form 18 duly signed by all the partners with change
in particulars is required to be submitted within one month from the date of change in the
constitution.
(b) In case of leaving of a partner a letter of consent of retirement signed by the retiring partner and Form
18 signed by the existing partner/s of the firm is required to be submitted. The firm should confirm
the retirement of the partner.
(c) In case of opening/closing of a firm, a letter informing the exact date of opening/closure must be
submitted.
(d) In case of a closure/dissolution of the firm a letter signed by all the partners confirming the
closure/dissolution must be submitted.
Pl choose any one of the above clauses (a) to (d).

ca_nimisha

ca_nimisha (Querist)
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02 July 2011 sir i want to resign from tha partnership firm in which i am a partner.what i should do.
kindly guide.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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02 July 2011 1) Pl execute a retirement agreement/ deed in requisite stamp value. Keep the original with you.
2) Pl give a letter to the then firm to comply regulation 190 of ICAI under intimation to you.

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