Surrender of COP

This query is : Resolved

shantanu (Querist)
Follow

18 September 2010 I am a practicing CA & partner in RAZSDA & CO.Now I want to join a MFI as internal auditor, a full time job. Shall I have to surrender my COP or I can continue to hold my COP with part time practice ? Whether I have to resign from RAZSDA & CO.? Please advice.
warm regards
Shantanu

Rahul Gupta

Rahul Gupta (Expert)
Follow

24 September 2010 There is no need to surrender your COP or resign from the partnership. You can continue with the Part Time COP.

Just sent a letter to ICAI, regarding your acceptance of job and considering your COP as part time.

Also, in firm you will be considered as a part time partner and will not be counted for audit purpose and you are also not allowed to do any certification or attestation.

Regards

Message likes : 1 times

shantanu

shantanu (Querist)
Follow

24 September 2010 Thanks for the reply.One more query.Whether I can train audit clerk with my part time COP?

Rahul Gupta

Rahul Gupta (Expert)
Follow

24 September 2010 No, you can't provide articleship under PART TIME COP.

shantanu

shantanu (Querist)
Follow

24 September 2010 Once again thanks for the prompt reply.Have a nice day.
warm regards
Shantanu

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