Question ID :
Conversion of Proprietory firm to partnership firm
Hi all, I am having a proprietary firm since 2011. Now one of my junior have qualified CA and wanted to be my partner. In this regard my concerns are;
1.Will I lose the years of experience of my proprietary firm when it becomes a partnership firm?
2.Will the year of formation (for counting the 3years criteria) for bank audit be 2011 or 2020?
Thankyou in advance.
Answer ID :
Oct 09, 2020
MERGER & ACQUISITION
You can admit junior as your junior qualified CAin SS Portal firm's seniority will be not affected
Hari Beldona on
Aug 30, 2021