Articleship 102 Form

This query is : Resolved

shubham (Querist)
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27 February 2024 Hello
I had not done franking and stamp on 102 Form within specified time limit within one month from commencement of Articleship.
And now almost 10 month gap between 102Form and Stamping in Form 102,
ICAI has demanded the stamping done within 30days from the commencement of articleship,

Now E-stamping facility has been introduced by Govt sothat back dated stamp not possible,

What can I do now??

Any solution for that Kindly tell the solution if anyone has.

Email Id- vedshubham28@gmail.com

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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06 July 2024 If you have missed the deadline for franking and stamping Form 102 within the specified time limit of one month from the commencement of articleship, here are the steps you can take:

1. **Contact ICAI**: Reach out to the Institute of Chartered Accountants of India (ICAI) immediately. Explain your situation and seek guidance on how to proceed. They may provide specific instructions or exceptions given the introduction of E-stamping.

2. **E-stamping Facility**: Since backdating the stamp is not possible with E-stamping, inquire with the local authorities or the platform providing E-stamping services about any provisions or procedures for delayed stamping. They may have specific guidelines for cases like yours.

3. **Penalties or Consequences**: Be prepared for potential penalties or consequences for the delayed stamping. The ICAI or the stamping authority may impose fines or require additional documentation. Ensure you have all necessary documents and funds ready for the stamping process.

4. **Follow ICAI Instructions**: Adhere strictly to any instructions provided by ICAI regarding the next steps. They may require you to submit an affidavit or provide explanations for the delay.

5. **Seek Professional Help**: If needed, consult with a professional, such as a practicing chartered accountant or legal advisor, who is familiar with ICAI regulations and stamping procedures. They can provide tailored guidance based on your specific circumstances.

Taking proactive steps and complying with ICAI's regulations will help mitigate any potential issues arising from the delay in stamping Form 102.