https://www.taxtmi.com/article/detailed?id=5286 Whether a chartered accountant firm exceeds prescribed member limits turns on (1) whether admission of another firm by a partner in representative capacity gives rise to individual entitlement of that firm's partners such that the aggregate persons exceed the cap, and (2) whether statutory prohibitions on associations exceeding a prescribed number apply to regulated professional firms. The author contends representative admission imports additional individual entitlements, but that companies act numerical restrictions do not ordinarily apply to CA firms governed by the ICAI and related legislation. en-us Thu, 19 Sep 2013 12:17:21 +0530 Thu, 19 Sep 2013 12:17:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5286 Whether a chartered accountant firm exceeds prescribed member limits turns on (1) whether admission of another firm by a partner in representative capacity gives rise to individual entitlement of that firm's partners such that the aggregate persons exceed the cap, and (2) whether statutory prohibitions on associations exceeding a prescribed number apply to regulated professional firms. The author contends representative admission imports additional individual entitlements, but that companies act numerical restrictions do not ordinarily apply to CA firms governed by the ICAI and related legislation. Articles Income Tax Thu, 19 Sep 2013 12:17:21 +0530 https://www.taxtmi.com/article/detailed?id=5286