A clutch of amendments to the Companies Act 2013 is on the anvil to remove the regulatory hurdles that stand in the way of the growth of multidisciplinary partnership (MDP) firms of professionals.

According to sources, these amendments, now being prepared by the ministry of corporate affairs, would make it easy for the chartered accountants (CAs), company secretaries, cost auditors, and actuaries to form MDPs that could provide both regulated and unregulated professional services.

“The government wants to bring everyone on board. It will require amendments in different sections of the Companies Act. The directive from the Prime Minister’s Office (PMO) is to create firms that can offer all services under one umbrella, and compete with the Big Four,” one of the sources said.

Currently, th

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