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Question ID : 41157

does converting from sole practicing (i.e., practicing with MRN AND COP on own name with out FRN ) t

I am practicing on my own name having MRN & COP from last 15 years. Now, I want to convert it into a sole proprietary frim with FRN. So ,does it impact my standing for BANK AUDIT & CAG I am converting my practice with MRN to sole firm with FRN with a view that i will merge my firm with other firm. so does my experience will be counted for last 15 years after converting my practice to a FRN

Posted by RAJAT AGARWAL on Oct 01, 2021

Filed Under MISC.

Answer ID : 81345

Yes. Benefit of seniority and UCN allocated in the individual capacity as sole practitioner will be given to proprietorship firm. But you have to apply for closure of practice in individual capacity before filling of MEF.

Posted by CA. chunauti dholakia on Oct 05, 2021