ICICI

Conversion of proprietorship to a partnership


CA Arun A (Practising Chartered Accountant)     12 July 2013

CA Arun A
Practising Chartered Accountant 
 55 points

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I am practising as a Chartered Accountant under my proprietorship firm name from 2011. But now I want to convert my proprietorship to a partnership firm admitting my friend as a partner. Wheteher it can be done without surrendering the existing name and registration or have to form a new firm?  What will be the effect on the seniority of the firm in respect to bank audits and other audits?




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