Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

CA firm takeover

CA 568 views 6 replies

susmitha chalavadi

1 Points Posted on 03 May 2021

Hi sir,

I am a recently qualified CA . My Father in law is also a CA doing his practise under a firm name. Few days back we lost our Father in law. I want to continue his practise . Please help me out with the legal compliance I should follow to continue practise under the same firm name.

Thank you

Replies (6)

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 03 May 2021

You might have to take permission from ICAI

Jayarama Krishna Reddy

8 Points Posted on 03 May 2021

Firm or associate?

ayusmita

Tax consultant

5895 Points Posted on 03 May 2021

For that you have to transfer the goodwill by taking approval of ICAI
for that you have to give a written application along with document and fillings certain forms as per the procedure with in the one year of the person or say member death

Lotus Agrawal

Practice

1361 Points Posted on 03 May 2021

Agree with ayusmita

Prachi Bansal

3134 Points Posted on 04 May 2021

Originally posted by : ayusmita
	For that you have to transfer the goodwill by taking approval of ICAI for that you have to give a written application along with document and fillings certain forms as per the procedure with in the one year of the person or say member death