Members Comments Invited on Exposure Draft of LLP Firm Networking Mode:

The Committee for Aggregation of CA Firms chaired by CA. Sanjay K. Agarwal proposes a new model of networking, Approach III named as LLP Firm Network Model and Merger/Demerger guidelines. This model is expected to tap the synergy of incoming LLP firms as partners, giving lot of scope and flexibility for practicing freely and most prominently provide recognition by the regulators to the combined strength and massive geographical presence. This should indeed provide as the first stair of the ladder of becoming top Indian CA Firm.

It is envisaged that this Network Model should be worthy of facilitating greater coordination among the constituent firms to deliver consistent quality in audit seamlessly across all locations on PAN India basis. It would also enable the CA firms to tap the synergies of the combined strength and resources.

The downloadable version of the Exposure Draft is available at: https://resource.cdn.icai.org/80371cacaf64551a.pdf

You are requested to comment on the aforesaid Exposure Draft at https://forms.gle/FLYviiZZut2iw7ZEA or email at cacaf@icai.in latest by 5th June 2024.

You can also scan the QR Code for giving your comments.

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