CA (Ahmedabad Bhilwara Chittorgarh)
4128 Points
Joined November 2009
Members in industry hold Part time COP becuase they can use FCA after 5years.... With the firm point of view there no benefit.. but in some cases of audit allotments there is requirement of Minimum no. of partners ,where they consider part time holders also for no. calculation...one more advantage of having part time cop is that one who holds it he can apply for his firm name approval in form 117 & after approval he can get registered his firm name with icai ............
I hope it may clear your doubts...