Question ID :
44896
Clarification on Holding Proprietorship and Partnership Firm Simultaneously
I am a Chartered Accountant holding a full-time Certificate of Practice. I am currently a partner in a CA firm registered with ICAI, but I am not the member-in-charge of that partnership firm.
I have also registered a proprietorship firm under my name through the SSP portal. This proprietorship firm is currently not operational — no assignments, client services, billing, or signing are being done from it.
I seek ICAI’s clarification on the following points:
1. Can a member in practice simultaneously retain both a partnership firm (where they are not member-in-charge) and a proprietorship firm, provided
* Both firms are registered and located in India,
* Only the partnership firm is active and used for professional services,
2. Does the mere existence of both FRNs under the same member, even if one is inactive, **constitute a violation** of ICAI Council Guidelines, Code of Ethics, or Regulation 53A?
Thank you in advance for your guidance.
Posted by
ADITI KASHYAP
on
Jul 16, 2025
Filed Under
COUNCIL DECISION
A member can hold proprietorship and can also be a partner in firm.
Posted by
VINAY BHARGAV KUMAR G on
Jul 18, 2025