Question ID : 40376

Reconversion of CA Partnership into CA Proprietory Firm

I started my CA Practice in the year 2002 as a proprietor of a CA Firm and in the year 2013 I converted my Proprietory Firm into Partnership by adding my cousin brother as partner, as due to ours is Joint family we dont have any problems till April, 2018. From April, 2018 our HUF is divided and living separately. Now I dont want to continue this partnership with my cousin brother and want to convert this partnership into Proprietory Firm. Meanwhile i have intimated my changes in the status of the Firm to ICAI Regional office but my details are not yet changed in the Institute records. I tried to update in the SSP Portal but of no use at all. Can anybody guide me to how to go along with effectively to reconvert CA Partnership Firm to CA Proprietory Firm without loosing my old firm name. Thanks in advance for all your answers

Answer ID : 80159

With effect from the date of changes, you can continue as proprietor. You have already intimated ICAI about the changes. It will be approved shortly.

Answer ID : 80161

If you have filled form 18 and submitted to respective regional office within specified time, it will be updated in the record. You can contact the regional office or file grievance to update the record.

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