Question ID :
44510
Query Regarding Conversion of Proprietorship into partnership
I am a Practicing Chartered accountant practicing under Trade name and FRN. Also I am registered under RBI Bank branch audit panel and been alloted UCN. I am going to add one partner under my trade through which my proprietorship firm will get converted into partnership So I have two query due to above conversion :
1) Whether my FRN number and Trade Name will remain Same.?
2) Whether my UCN alloted for Bank branch audit panel will remain same.?
As I want both the above things to remain unchanged.
Posted by
GOPAL NANAKRAM POPTANI
on
Jul 08, 2023
Filed Under
MERGER & ACQUISITION
yes both will remain the same
Posted by
SHUBHAM SONI on
Jul 08, 2023
Answer ID :
85103
As I am getting allotment of statutory bank branch audit from last year under proprietorship firm so if I am converting proprietorship firm to partnership firm 1) Will it affect my allotment of bank branch audit for the year 2023-24 onwards.? and 2) Whether my bank audit experience under proprietorship firm will continue to be counted under partnership firm.?
Posted by
GOPAL NANAKRAM POPTANI on
Jul 08, 2023