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Question ID : 44857

Constitution of New Firm

Hi , I am qualified as CA in 2022 then Existing Proprietory firm of my Brother adding me as a partner, now can I constitute Proprietory firm and merge it with existing partnership firm without affecting eligibility criteria for empanelment of bank audit?

Posted by HAMPANAVAR BASAVARAJA on May 25, 2025

Filed Under MERGER & ACQUISITION

Answer ID : 85873

Yes, but you must not apply for Bank audits empanelment with both firm.

Posted by CA. SURAJ KUMAR CHOUDHARY on May 28, 2025