CAG Empanelment for CA Firms for FY 2012-13 will begin from 1st January, 2012 till 15th February, 2012. The empanelment form has to be filled online on the website of CAG at www.cag.gov.in. Further, physical documents along with online acknowledgement has to be filed before 28th February, 2012. The status of the firm for the purpose of CAG empanelment shall be taken as on 31st December, 2011. However, the CAG may take into account changes after 1st January, 2012 till the time of preparation of panel which has the effect of reduction in the rank of the applicant.
Ashish Ahuja is a Senior Partner of Ahuja & Ahuja Chartered Accountants
Currently, majority of CA firms in India are organised as partnership, where the the liability of the partners is unlimited and they are jointly and severally liable for the debts…