06 July 2022
How much time it take to consider the form 109, its been more than 15 days. Also my attempt is due in nov 22 and articleship is completed 2years 3months 3 days(inclusive of 70 days leave) and then transfer is awaiting for competent authority approval. So, would i be eligible for nov 22 exams and if no then how many days more required inclusive or exclusive of leave?? Kindly guide into this matter
06 July 2024
The processing time for Form 109 (intimation of change in the details of the Principal) can vary, but typically it should not take more than 15 days for the competent authority to review and approve it. If it has been more than 15 days and you haven't received any update, it might be worthwhile to follow up with the concerned authorities or check the status online if possible.
Regarding your eligibility for the November 2022 exams, here are the considerations:
1. **Articleship Completion Duration:** - You mentioned your articleship is completed for 2 years, 3 months, and 3 days, including 70 days of leave.
2. **Eligibility Criteria:** - As per ICAI regulations, to be eligible for the CA final exams, a student must have completed a minimum of 2 years of articleship as of the last day of the month preceding the exam month.
3. **Calculation:** - Since your articleship completion includes 70 days of leave, these days are typically not counted towards the total duration of articleship for exam eligibility calculation.
4. **Exact Eligibility Calculation:** - To determine your exact eligibility: - Subtract the total leave days (70 days) from your total articleship duration (2 years, 3 months, and 3 days). - Check if the remaining duration meets the minimum requirement of 2 years of articleship excluding leave days as of October 31, 2022 (since November exams are considered).
5. **Next Steps:** - If your effective articleship duration (excluding leave) meets or exceeds the required 2 years by the end of October 2022, you should be eligible for the November 2022 exams. - If not, calculate how many additional days you need to complete to meet the eligibility criteria. This calculation should be based on excluding the leave days from your total articleship period.
6. **Follow-Up:** - If you find discrepancies or need clarification, it's advisable to contact your regional ICAI office or consult with your articleship principal for guidance.
By ensuring your articleship duration meets the eligibility criteria as per ICAI regulations, you can proceed confidently with your exam preparations. If there are delays in the approval of Form 109, timely follow-up with the authorities can help expedite the process.
CAclubindia
