CA Partner in two firms.

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

08 September 2010 A CA is a partner in one firm. Now he wants to join another firm as a partner.

Query -
1. If he joins as a partner in 2nd firm, then will this partnership affects the old firm's eligibility for Bank audit where no. of partners are counted. i.e will he still be counted as a partner in the old firm for the purpose of Bank Audits.??
What are the consequences for this.

Thanks & Regards

Ankur Garg

Ankur Garg (Expert)
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08 September 2010 Hello,

As per my understanding of ICAI rules there would not be any problem as far as eligibility for Bank Audit is concerned.

You are requested to wait for the suggestion of other learned experts.

Thanks

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