Committee for Aggregation of CA Firms (CACAF) has been constituted in 2024-25 to make concerted efforts to study, review and revise various guidelines pertaining to CA firms among others. Merger & Demerger Rules came into force with effect from 6th January 2005. In order to keep pace with the changing operating and professional environment, it was felt that the same needs review and revision.The Committee has proposed amendments in Merger & Demerger Guidelines and seeks suggestions on the same.

In the point 5 (viii) and (iv), chapter 4 of the proposed Merger & Demerger Guidelines, a firm can demerge at any point of time after 1 year of merger and is entitled to practice in its old trade name, which existed at the time of merger subject to the fulfillment of the relevant provisions contained threat.

The CACAF invites comments on the below mentioned specific question as well as any aspect of this Exposure Draft:

The downloadable version of the Exposure Draft is available at: https://resource.cdn.icai.org/80372cacaf64559.pdf

The last date for sending the comments on the aforesaid Exposure Draft has been extended till 7th June 2024. The same may be sent at https://forms.gle/c66Bnxt5YhpieQkEA or at cacaf[at]icai[dot]in. Comments are most helpful if they contain a clear rationale and, where applicable, provide specific suggestions.

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