Form 112
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2011
what are the consequence if form 112 is not filed?
10 September 2011
penalty in amount or delay in membership or both.
13 September 2011
Form no.112 is required to be executed at the time of joining articleship.
IN CASE YOU ARE STUDYING ANYOTHER COURSE WITH CA.ARTICLESHIP THEN ONLY THIS IS REQUIRED.
In your case, you are planning to start your articleship after your regular college for b.com gets over. So you NEED NOT furnish Form no.112 at this moment!
And under IPCC Scheme, Articleship begins after passing 1st Group and not before that!
PURSUANCE OF OTHER COURSE OF STUDIES
With the permission of the Institute a student can pursue one course of study at a time. A student has to submit application in Form No.112 to the appropriate Regional Office of the Institute seeking permission to pursue other course of study within one month of joining the college/ course. The office shall grant permission within one month from the date of receipt of Form No.112. The students currently undergoing graduation or other course under general permission, which was given for the articled assistant to pursue graduation course, is withdrawn; therefore should obtain the permission within six months of issuance of new guidelines. The students shall, however, be permitted to complete the academic session/year currently undergoing and switch over to correspondence courses or institutions where no classes are conducted between 11.00 a.m. and 5.00 p.m. on any working day. The certificate portion in Form No.112 indicating college timings etc. shall be countersigned by the Principal of the college with the seal and stamp of the college and also indicating the telephone number and full address of the college.
In the event of breach of these guidelines and not taking permission as required, the articles already undergone shall be derecognised for such period as the Institute may decide. In case an articled assistant is found not undergoing articles in the manner prescribed, he shall be debarred from appearing in the exam up to 3 consecutive exams besides cancellation of such period of articles. The concerned member who allowed him to be such an articled assistant be subject to punitive action besides withdrawing either partly or fully his eligibility to train articled assistant. In Peer Review, the Reviewer be required to verify whether training is imparted to the articled assistants in the manner prescribed.
If you have joined any other course and have not intimated the ICAI and has also no filed the Form No. 112 then apply now with condonation of delay.
IN CASE YOU ARE STUDYING ANYOTHER COURSE WITH CA.ARTICLESHIP THEN ONLY THIS IS REQUIRED.
In your case, you are planning to start your articleship after your regular college for b.com gets over. So you NEED NOT furnish Form no.112 at this moment!
And under IPCC Scheme, Articleship begins after passing 1st Group and not before that!
PURSUANCE OF OTHER COURSE OF STUDIES
With the permission of the Institute a student can pursue one course of study at a time. A student has to submit application in Form No.112 to the appropriate Regional Office of the Institute seeking permission to pursue other course of study within one month of joining the college/ course. The office shall grant permission within one month from the date of receipt of Form No.112. The students currently undergoing graduation or other course under general permission, which was given for the articled assistant to pursue graduation course, is withdrawn; therefore should obtain the permission within six months of issuance of new guidelines. The students shall, however, be permitted to complete the academic session/year currently undergoing and switch over to correspondence courses or institutions where no classes are conducted between 11.00 a.m. and 5.00 p.m. on any working day. The certificate portion in Form No.112 indicating college timings etc. shall be countersigned by the Principal of the college with the seal and stamp of the college and also indicating the telephone number and full address of the college.
In the event of breach of these guidelines and not taking permission as required, the articles already undergone shall be derecognised for such period as the Institute may decide. In case an articled assistant is found not undergoing articles in the manner prescribed, he shall be debarred from appearing in the exam up to 3 consecutive exams besides cancellation of such period of articles. The concerned member who allowed him to be such an articled assistant be subject to punitive action besides withdrawing either partly or fully his eligibility to train articled assistant. In Peer Review, the Reviewer be required to verify whether training is imparted to the articled assistants in the manner prescribed.
If you have joined any other course and have not intimated the ICAI and has also no filed the Form No. 112 then apply now with condonation of delay.
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