Menu
Practicing in proprietary firm and partnership firm together
Last year, I merged my proprietary CA firm into a Parnership firm and became partner & Incharge of a branch of that firm. Now after demerger, can I practice in my proprietary firm and continue to practice as partner as well and incharge of partnership firm branch. What are pros and cons of the same.
Replies (1)
ICAI regulations generally do not permit a Chartered Accountant to simultaneously practice as a sole proprietor and as a partner in a separate firm due to requirements for a single professional identity and accountability. You should consult the latest ICAI Merger and Demerger Guidelines and contact your regional ICAI office for guidance on formalizing your practice structure after a demerger.
Recent Topics :
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
Related Topics :
CAclubindia
