ICAI rectifies Formatting and Alignment Errors in Notification issued under Merger and Demerger of CA Firms Guidelines, 2024

The Institute of Chartered Accountants of India (ICAI) has issued a corrigendum to rectify formatting and alignment errors in its earlier notification concerning the ICAI (Merger and Demerger of CA Firms) Guidelines, 2024. The corrections apply to Notification No. 1-CACAF/M&D-F/2025, originally published on January 24, 2025, in the Gazette of India, Extraordinary No. 66.

The corrigendum dated February 18, 2025, acknowledges errors in the English version of the notification and makes specific textual and alignment modifications to ensure clarity and consistency.

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The corrigendum makes the following key modifications contained in the following pages of the Notification:

Page 24

The fourth column, titled Seniority, had misaligned text which shall be rectified.

1. The phrase “Date of establishment” in Row 1 is now corrected to “Date of establishment will be 2002.”
2. Similarly, in Row 2, the phrase “Date of establishment” is corrected to “Date of establishment will be 2005.”

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Page 32

The text in Point III (Partnership Firms) under Column 1 against Point (a) contained typographical errors.

1. The text, “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,” is now rectified to

“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.”

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Page 33

In Point IV (Merger and Amalgamation of Two or More Firms), Column 2, Point 1 contained a spelling error.

1. The incorrect phrase, “hange of name from the date of approval,” has been corrected to “Change of name from the date of approval.”
2. In the same section, under Point 2, the phrase “here is no change in the date of establishment. The old trade/firm name will be frozen in the Institute’s records based on the request received and unfreeze of the name will also be done on request basis” is now revised for clarity to:

“There is no change in the date of establishment. The old trade/firm name will be frozen in the Institute’s records based on the request received, and unfreeze of the name will also be done on a request basis.”

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The Corrigendum, formally issued and undersigned by the Secretary of the ICAI, CA. (Dr.) Jai Kumar Batra has been published in The Gazette of India (Extraordinary) is a step in the right direction to ensure that there are no apparent discrepancies or errors in statutory documents.

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