Can a CA practicing in his individual name (without forming proprietorship/partnership firm and not opting FRN) do all the acts and functions which a CA practicing as a sole proprietor of a Firm or a partner of a Firm do?
Are there any restrictions or limitations on practicing in individual name.
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CA practicing in Individual Name
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I can not see any limitations on practicing in Individual Name and ICAI should not place any form of limitations on practicing in individual name.
If Member is practicing in his/her Individual name and there is no FRN, Member can mention NA/Not Applicable at the place of FRN.
Only full time “Practicing Chartered accountants” with Active status can Sign/attest documents and hence can also generate UDIN. However in case of Partnership firm or LLP only signing partner can generate UDIN and no one else in behalf of the signing partner can generate UDIN. The FRN of the firm on behalf of which the member is signing the report has to be mentioned. In case there is no FRN as member as the member is signing in his individual capacity then “NA” would be mentioned.
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