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2010 law grad, veteran CA joins Vaish partnership

Exclusive: Vaish Associates Advocates has promoted principal associate and chartered accountant Rohit Jain to partnership in Delhi’s direct tax practice one year after his law graduation.

Jain’s elevation which becomes effective today has taken the tally of Vaish partners to 13 including three equity partners Ajay Vohra and Vinay Vaish in Delhi and Bomi Daruwalla in Mumbai.

Jain who is a fellow of the Indian institute of chartered accountants had joined Vaish 10 years ago, one year after becoming a chartered accountant. He graduated in law from Chaudhary Charan Singh University in Meerut last year.

Jain said his motto would be “excellence by experience”, going forward with the focus to improve the direct tax litigation practice and advisory functions within the firm.

He added: “Last year only I finished my graduation in law, primarily I am a chartered accountant.”

“I did not sit for the bar exam this time as they were deferring it,” Jain commented. “For getting yourself enrolled as an advocate you have to surrender your certificate of practice (COP), so I was not very keen to surrender my COP initially of chartered accountant, but now I will be taking that exam.”

Jain further said that having worked under the managing partner of tax litigation Ajay Vohra he used to appear before tribunals only informally.

Vaish’s Mumbai-based partner Hemant Puthran, who also heads up HR, said: “There have been promotions at various levels from associate, principal associate and managing associate levels, but Rohit’s promotion is the only partnership promotion that has taken place this year.

Besides internal promotions the firm also undertakes revision of salary structures and bonuses across levels in line with industry practice every year, added Puthran but declined to elaborate further.

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