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Ca in full time practice work as paid assistant

CA Babit Khurana (learning is my passion) (338 Points)

16 May 2013

Hello Friends

One of My friend is CA and taken a cop + firm name, he wants to surrender his firm name and continue his practice, i want to

1) Can he work as paid assistant in Ca firm with full time cop?

2) How can he surrender his firm name?

Pl provide some reference also

Thanxx in advance

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3 Replies

PALLAV (Final) (34 Points)
Replied 16 May 2013

Dear Babit Khurana,

CA holding full time COP, can not work as a paid assisstant.

The member desirous of surrendering his certificate of practice should make a request in writing indicating the date from which he wishes to surrender COP. The original scriptt for certificate of practice should be surrendered for cancellation The COP fee however will have to be paid for the relevant financial year before it is cancelled at his request. However no fee would be required to be paid if he wishes to surrender his COP w.e.f. 1st April provided he makes the request with the original COP by 30th April of that year.

However, an application for permission of part time employment can be made in the prescribed form available at the ICAI website in the "Members" menu and accordingly hold a part- time COP.

Regards,

Pallav Agarwal

pagarwal.icai @ gmail.com

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Sathish M (Management Accountant) (40581 Points)
Replied 16 May 2013

Cancellation of Certificate of Practice

(Regulation 10)

1. (i) The Certificate of Practice of a member will be cancelled on receipt of a written request from him

under Regulation 10 (i) (iii) provided he has remitted the annual membership/ Certificate of

Practice fee for the relevant year.

st (ii) In case the member desires to cancel Certificate of Practice from 1 April and the request is

th submitted within 30 April, the Certificate of Practice of the member will be cancelled even

though he has not remitted the Certificate of Practice fees. However the member has to pay

th the annual membership fee within the specified time. i.e. before 30 September.

2. The other circumstances under which the Certificate of Practice shall be cancelled are as under:-

(a) When name of the member is removed.

(b) When the member has not paid the Certificate of Practice fee by 30th September of the relevant

year.

concerned, that such certificate was issued on the basis of incorrect, misleading or false

information, or by mistake or inadvertence.

(i) A member ceasing to practice, is required to issue service certificate in the prescribed Form

109/108/114 to all the articled/audit assistants undergoing training under him. He will cease to

be a proprietor/partner of the firm/s.

(ii) If the Certificate of Practice is cancelled, the holder of such certificate shall surrender the original

scriptt of Certificate of Practice to the Secretary of the Institute within 15 days from the date of

receipt of notice of such cancellation or from the date of the notification thereof in the Gazette of

India. Surrender of Certificate of Practice to the Institute is a mandatory requirement.

A letter confirming the cancellation of Certificate of Practice will be issued to the Member.

Manual for Members

https://220.227.161.86/14458m_cancel.pdf

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CA Dinesh Saini (1 Points)
Replied 27 June 2016

Can someone please tell me if a partner of a firm has surrendered his Certificate of Practice (COP), so can the other partner sign on the audit report of the company on his behalf considering the fact that the appointment letter is made in the name of the first partner who has surrendered his COP.