Question ID :
29622
Chartered accountant in practice
Mr. A is an NRI. He is a normal partner in a Corporate Consulting firm outside India where he is NOT a Managing partner. This firm is also a family business as all other partners are family members.
Mr. A wishes to setup a sole proprietor CA firm in India to serve his clients who have offices in India as well as the country where he is currently staying in.
Can he apply for a COP and set it up? Mr. A shall be travelling to and fro from India as and when required to manage his practice.
Posted by
Abraham George
on
May 06, 2018
Filed Under
CORPORATE & OTHER LAWS
Answer ID :
65604
The member can be a proprietor of the firm in India if the member himself is actively associated with the firm by residing in India for a period of not less than 182 days as provided in Appendix 10 of the Chartered Accountants Act 1949 page 51.
Posted by
B.CHACKRAPANI WARRIER on
May 07, 2018