Ca partner in two firms

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CA Archana Dhamecha (Querist)
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01 June 2012 Can a ACA be , hold the partnership in more then one firm.

If yes then will both the firm will get benifit of Bank audits because of having that ACA in firm???

Kindly provide me detailed solution

its urgent

CA Amit Joshi

CA Amit Joshi (Expert)
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01 June 2012 A CA can become partner in more than one firm, but in that case only one firm can get the benefit of Bank audit because of that CA.

CA Archana Dhamecha

CA Archana Dhamecha (Querist)
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01 June 2012 Sir, Can you Please provide your contact No.

I have so much queries in this matter

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Ca Anand Dubey

Ca Anand Dubey (Expert)
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01 June 2012 can be partner in more than one firm but apply bank audit with only one firm

CA Archana Dhamecha

CA Archana Dhamecha (Querist)
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01 June 2012 If I am a Partner in two firms suppose abc & Co, and xyz & co. , my queryies are as under :

1. Is there any rule that if, abc & co. is applying for bank audit , xyz can not apply, just because i am a partner in that firm?

2. How is it possible that a CA is full time working partner in both the firm?

3. Can I be woking partner in XYZ & co. & non working partner in ABC i.e part time partner , then can i perform tax audit & other certification work in XYZ & only bank audit in ABC ?

nd how is it poosible to be a working parnter in both the firm or i should be a part time pa

Ca Anand Dubey

Ca Anand Dubey (Expert)
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01 June 2012 The answer is as under :-
1. YES
2.YES, There is no concept of full time or part time partner.
3.Ref. q2. above you can perform audit in both firm

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