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Question ID : 41059

Change in name of CA firm

Hi All, My friend is A Chartered Accountant in practice as a Proprietor since last 3 years and he is having a trade name registered with ICAI. Recently I had joined him as a partner without changing the trade name registered with ICAI. My question is if we want to change the trade name now then whether our existing firm with old FRN will get continued or we will get new firm name with new FRN?? Whether my partners proprietorship experience of 3 years will get continued in new firm?? Whether the Experience will count for bank audit empanelment under Partnership Firm?? Kindly suggest me whether I should change my firm name or not?

Posted by HARESH CHANDRAKANT HARDIKAR on Jun 01, 2021

Filed Under MERGER & ACQUISITION

Answer ID : 81148

Please apply for the change in the name of the existing firm. Simply by changing the name of the firm all the related benefit of the firm in existence since last shall be available to your firm.

Posted by CA. JHA SHANKAR KUMAR on Jun 04, 2021