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Help - article engage in other business or firm

Parthraj Parmar (B.Com ARTICLE CA FINAL ) (63 Points)

07 February 2012

Hello,

I am registered with ICAI as an articled assistant and I am also a Sleeping Partner in my Family Business.I had applied to the institute in form No : 112 seeking permission to engage in other business / firm.In reply to which I have received a letter from the institute asking an affidavit from all other partners and my self that I am only an sleeping partner.

So can any one provide me a Affidavit format for the same.

Thanks in Advance....

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2 Replies

A.Vn.Anusha (B.Com Qualified CA CS - Final) (306 Points)
Replied 08 February 2012

Format of Affidavit to be executed by articled clerk on a Non-judicial stamp paper duly sworn in before a Magistrate / Notary Public in case of other engagement of an article clerk as a Sleeping Partner in a family business Concern

AFFIDAVIT

I…………………………………………………….son of Shri……………………………………………………….

Resident of……………………………………………….do hereby solemnly affirm and declare as under :-

That I am a Director or in M/s………………………………………………………….a Limited Company.

That M/s……………………………………………………………………………………..is in existence

Since………………………………..

That I joined the Chartered Accountancy Course and undergoing articles w.e.f. ………………..

That neither I am taking active part in the management of the business.

Depodent

Verification

I…………………………………………………………do hereby confirm that the contents of this affidavit

Are true to the best of my knowledge and belief.

Depodent

Date :…………………

Place:………………..

Format of undertaking to be given by the other Partner of the business concern

In case of other engagement of an articled clerk as sleeping Partner in business.

UNDERTAKING

We, the following Directors of M/s……………………………………………………………………do

Herby confirm that:

Shri …………………………………………………….son of Shri…………………………………..

Sleeping partner of M/s………………………………………………………………………………

Pursuing the Chartered Accountancy Course is sleeping Partner in M/s………………………

………………………………………….since……………………………………….

That Shri…………………………………………..………will neither be taking nor will be entitled

To take active part in the management of the business.

…………………………………. ……………………………. ……………………..

Signature Signature Signature

…………………………………. ………………………. ………………………………….

Name of Director Name of Director Name of Director

Place:………………………

Date:………………………

For Sleeping Partner

Format of undertaking to be given by the Principal of the articled clerk in case of other engagement by the articled clerk as a sleeping Partner of a family business concern

UNDERTAKING BY THE PRINCIPAL

I……………………………………………………M.No………………………………………………..

Proprietor / Paid Assistant /Partner with ………………………………………do herby declare:-

1.That Shri…………………………………………………articled registration No…………………

Undergoing articles under me with effect from …………………………………is a Sleeping

Partner in M/s…………………………………………in a family business concern and in case

Of any change in his status in the partnership comes to my attention , I will inform the Institute,

that his such engagement does not interface with his training.

……………………………………

Signature

Name ………………………………

Membership No…………………..