CA firm takeover

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)
Quick Summary
A newly qualified Chartered Accountant wishes to continue their late father-in-law's established CA practice under the same firm name. The discussion outlines the necessary legal compliance, specifically the requirement to obtain approval from the ICAI for goodwill transfer. This involves submitting a written application and relevant documents within one year of the member's passing.

You might have to take permission from ICAI
Firm or associate?
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
Agree with ayusmita
Originally posted by : ayusmita
open quote 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 close quote

 

What else will be the procedure?

 

This procedure is correct

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