V.SHIVASHANKAR (Chartered Accountant) (168 Points)
04 November 2008I am project consutant taking care of preparing projects for bank finance and i have completed CA Inter. Can i become a partner in a Chartered Accountant firm of my father by means of Limited Liability Partnership Act.
CA. C V SURYAM
(Practising Chartered Accountant)
(865 Points)
Replied 04 November 2008
Yes, I vouch for the opinion of Mr.Srinivasaraghavan.
daVe..
(Student)
(1431 Points)
Replied 04 November 2008
As per the regulations of ICAI, only a pool of Qualified CA's, holding valid COP, could constitute a Partnership Firm.
Hence the question of semi - qualified CA, becoming a Partner in a Firm of Practicing CA's is ruled out.
CA.Shivendra Kumar Gupta
(Chartered Accountants)
(29 Points)
Replied 04 November 2008
As per regulation of ICAI, Only a Qualified CA holding valid COP can become a partner in Chartered Accountants firm.
Juzer Sadikot
(CA - innovative solutions for Imports and Exports)
(1309 Points)
Replied 07 November 2008
After Notification on dated 25th Sept. amending C A Regulation (a) Company Secretary, member, The Institute of Company Secretaries of India, established under the Company Secretaries Act, 1980; (b) Cost Accountant, member, The Institute of Cost and Works Accountants of India established under the Cost and Works Accountants Act, 1959; (c) Advocate, member, Bar Council of India established under the Advocates Act, 1961; (d) Engineer, member, The Institution of Engineers, or Engineering from a University established by law or an institution recognized by law. (e) Architect, member, The Indian Institute of Architects established under the Architects Act, 1972; (f) Actuary, member, The Institute of Actuaries of India, established under the Actuaries Act, 2006. Can became partner with C A and that firm can be called as Chartered Accountants firm and hold Auditor position.
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