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In a significant relief for the families of deceased Chartered Accountants and members seeking to acquire the goodwill of proprietary CA firms, the Institute of Chartered Accountants of India (ICAI) has extended the time limit for the transfer of goodwill from one year to three years from the date o
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FAQ :
The time limit for transferring the goodwill of a deceased CA proprietor firm has been extended from one year to three years from the date of the member's death.
The Institute of Chartered Accountants of India (ICAI) has announced this extension.
The announcement was issued by the Ethical Standards Board (ESB) of ICAI on July 25, 2026.
Yes, the ICAI Council has approved the increase in the time limit for the transfer of goodwill.
The time limit of one year will now be read as three years in the provisions relating to goodwill appearing in the Code of Ethics, 2026, Volume I.
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