The Institute of Chartered Accountants of India (ICAI) has announced a Revised Form 18. This update, stemming from the Chartered Accountants (Amendment) Regulations, 2021, is designed to make it easier for Chartered Accountants in practice to establish Multi-disciplinary Partnership Firms. The revised form replaces the previous Form 18 within the Chartered Accountants Regulations, 1988.
The Institute of Chartered Accountants of India, with regard to theChartered Accountants (Amendment) Regulations, 2021 dated 8th July 2021, has notified a Revised Form 18 to facilitate the formation of Multi-disciplinary Partnership Firm of CAs in Practice. Read the official announcement below:
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FAQ :
The Revised Form 18 has been introduced to facilitate the formation of Multi-disciplinary Partnership Firms for Chartered Accountants in practice.
The Revised Form 18 was notified pursuant to the Chartered Accountants (Amendment) Regulations, 2021, dated July 8, 2021.
The Revised Form 18 has replaced the existing Form 18 in Schedule 'A' of the Chartered Accountants Regulations, 1988.
This revision is intended for Chartered Accountants in practice who wish to form Multi-disciplinary Partnership Firms.
The Chartered Accountants (Amendment) Regulations, 2021, were dated July 8, 2021.