Question ID : 29622

Chartered accountant in practice

Mr. A is an NRI. He is a normal partner in a Corporate Consulting firm outside India where he is NOT a Managing partner. This firm is also a family business as all other partners are family members. Mr. A wishes to setup a sole proprietor CA firm in India to serve his clients who have offices in India as well as the country where he is currently staying in. Can he apply for a COP and set it up? Mr. A shall be travelling to and fro from India as and when required to manage his practice.

The member can be a proprietor of the firm in India if the member himself is actively associated with the firm by residing in India for a period of not less than 182 days as provided in Appendix 10 of the Chartered Accountants Act 1949 page 51.