The Institute of Chartered Accountants of India (ICAI) on February 19, 2025, issued a corrigendum to the Institute of Chartered Accountants of India containing ICAI (Merger and Demerger of CA Firms) Guidelines, 2024.
The following has been stated namely: -
• Page 24 - In the table, column 4 Seniority, is not aligned properly, (i) In row 1 under Seniority, the words appearing as “Date of establishment” be read as “Date of establishment will be 2002.”
• Page 32 - In the table, for point III ‘Partnership Firms’, the words in column 1 against point (a) appear as “irm consisting of two partners- If one of the partners retires/dies and if the remaining partner continues either as sole proprietor or in partnership with others” be read as “Firm consisting of two partners- If one of the partners retires/dies and if the remaining partner continues either as sole proprietor or in partnership with others.
• Page 33 - In the table, for point IV ‘Merger and Amalgamation of two or more firms’, the words in column 2 against point 1 appearing as “hange of name from the date of approval” be read as “Change of name from the date of approval.”
[Notification no. - 1-CACAF/M&D-FA/2025]
