Question ID :
44827
Change in Firm Name and Change in PSR
We are planning for change in Firm Name and Change in Profit Sharing Ratios amongst same partners. No new Partner is being added nor anyone is retiring. I want to know will it have any impact on our eligibility for Bank Audits, seniority of Firm etc.
Posted by
KRUSHNAKUMAR SARDA
on
Mar 21, 2025
Filed Under
MISC.
A change in the firm name and profit-sharing ratio among the same partners, without adding or removing any partners, generally does not affect the firm's eligibility for bank audits or its seniority.
Posted by
CA. SURAJ KUMAR CHOUDHARY on
Mar 22, 2025
Answer ID :
85743
Not at all
Posted by
CA SANDEEP D JAIN on
Mar 22, 2025
Answer ID :
85744
Its hardly matter
Posted by
HARIOM ARORA on
Mar 22, 2025
Answer ID :
85750
No impact
Posted by
SIVADAS CHETTOOR on
Mar 24, 2025