Question ID :
44656
Can a proprietor (having proprietor firm) become full time partiner in another CA firm without closi
Good morning,
Background:
Since Sep 2022, I'm practicing (under my proprietor firm). I'm planning to join as full time partner in another CA Firm (having 3 partners).
My questions:
Can I become full time partner without closing my existing proprietor firm?
Will it be add any advantage to partnership firm in getting Bank /Govt Audits?
Posted by
DINESH SURENDRA BHALKIKAR
on
May 28, 2024
Filed Under
MISC.
Yes. CA can be partner is CA firm and proprietor of his own firm simultaneously. But at least one partner should be fully associated with the firm, otherwise such firm will not be eligible to be empanelled for bank audits. Hence any one partner has to close his proprietorship firm.
Posted by
MAYANK A JAIN on
May 28, 2024
Answer ID :
85448
You can not be considered as full time partner, whereas can be considered for bank audit purpose subject not to take any advantage in prop firm
Posted by
CA JEET REWRI on
Jun 17, 2024