11 July 2009
I am planning to start my personal CA practice as a proprietor. I also wish to become a partner in other two firms. What effect it will have on the empanelment eligibility of all these 3 firms for Bank audits, Insurance sector audits, PSU audits, etc.?
11 July 2009
Propritorship - You will not be allotted any Bank Audit.
Partnership Firms - Audit will be allotted only if any partners is practising full time on the name of partnership firm. To get bigger audit, no. of full time partners are needed.
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