Closing of proprietorship firm of a ca with icai

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 June 2014 Dear sir,

My friend is a CA since last 2 years. As she don't want to do job in starting, she got a COP from ICAI and start her own proprietorship firm as a CA. Now she want to close her proprietorship firm but hold the COP. Can you please tell me what is the procedure to be followed for closing proprietorship firm? If in future, she want to open a new proprietorship firm again, is it possible to open new proprietorship firm?

if she close her firm, she is still able to do tax audit?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 June 2014 1. you need to apply for surrender of COP on a plain paper to ICAI

2. yes you can apply again on a later date.

Querist : Anonymous

Querist : Anonymous (Querist)

20 June 2014 she don't want to surrender COP. she only want to close the proprietorship firm. and what is the procedure to close proprietorship firm? in future, if she want to open the firm again, is it possible?

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 June 2014 dear friend for proprietorship it is co-terminus.