Eligibility to open ca firm

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2013 Dear Sie ,

i have been qualified as a CA and want to open a ca firm.

kidly guide me about the time , expenses to open a ca firm and can i open a ca firm as i dont have any experience??

i have heard in order to open a ca firm you must be atleast 5 yrs experience.

Thanking you.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 February 2013 there is no requirement of any expense or the experience. as an individual, you just need to apply for a COP to start with.

once you stabilize your practice, you may open up an office (depending upon requirement) and hire additional staff. As such there is no statutory fees though.

Anand

Anand (Expert)
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18 February 2013 The time period of five years that you refer to is probably being confused with the period which a member needs to hold his COP to attain the status of Fellow Member. Until then you will be an associate member and nothing can prevent you from setting up your own firm.

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UMESH KUMAR PANDEY

UMESH KUMAR PANDEY (Expert)
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18 February 2013 As per your question,you have just completed/ qualify the Ca.As per my suggestion after complete the CA you would be joined a Ca firm under the FCA about 3 years then get the practice certificate from ICAI and open a new firm and do the practice independently in india.