My friend Pritish is an article. He is doing articleship in Mumbai. Few months before his father was passed away and he was businessman and running a properitory firm and he was the eldest in his siblings and all his siblings are minor.
His mother can't be owner as she is housewife and uneducated. So Pritish got the ownership as he has no other option for changing owner. He don't know about the fact that an article can't engaged in any business. Later he know the fact but he already became the properitor of the business. So now he don't know what to do.. Please suggest him so that he can complete his CA and take care of his business too..
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Article being an proprietor
Replies (3)
Can you please share which level of CA exams he has cleared and whether he has pursued any training or not ?
Hi ,
This might help.
https://www.icai.org/post.H T M L?post_id=816
based on this suitably decide..
also take more opinions..for eg his mother being the proprietor and the article may manage the business n articleship..in such a case no permission would be required as on paper the article is neither the owner nor hes managing the business..
speak to the principal also for suggestions.
This might help.
https://www.icai.org/post.H T M L?post_id=816
based on this suitably decide..
also take more opinions..for eg his mother being the proprietor and the article may manage the business n articleship..in such a case no permission would be required as on paper the article is neither the owner nor hes managing the business..
speak to the principal also for suggestions.
He has cleared IPCC and he has completed 1 and half year of articleship..
Can u tell if he do not disclose the fact of being properitor to ICAI, Is ICAI come to know about it?
What should do.. Please suggest
Can u tell if he do not disclose the fact of being properitor to ICAI, Is ICAI come to know about it?
What should do.. Please suggest
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