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CA firm takeover

03 May 2021

Hi sir,

I am a recently qualified CA . My Father in law is also a CA doing his practise under a firm name. Few days back we lost our Father in law. I want to continue his practise . Please help me out with the legal compliance I should follow to continue practise under the same firm name.

Thank you

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6 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 03 May 2021

You might have to take permission from ICAI

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Jayarama Krishna Reddy (8 Points)
Replied 03 May 2021

Firm or associate?

ayusmita (Tax consultant) (5885 Points)
Replied 03 May 2021

For that you have to transfer the goodwill by taking approval of ICAI
for that you have to give a written application along with document and fillings certain forms as per the procedure with in the one year of the person or say member death

Lotus Agrawal (Practice) (1361 Points)
Replied 03 May 2021

Agree with ayusmita

Prachi Bansal (3129 Points)
Replied 04 May 2021

Originally posted by : ayusmita
	For that you have to transfer the goodwill by taking approval of ICAI for that you have to give a written application along with document and fillings certain forms as per the procedure with in the one year of the person or say member death