05 October 2013
I have completed 6 months and 11 days articleship and taken transfer . In Form 109 my mam has mentioned 45 days as leave taken because of my IPCC exams . The letter from ICAI has mentioned that I have taken 21 days as excess leave.So now what i have to do ,so that i don't have to do excess articleship .
05 October 2013
An articled Assistant can take 1/6th of the working days as leave, However, in case of excess leaves, Such leaves have to be served as articleship..
Note: Excess leave may result in delay of Final Attempt...
05 October 2013
Can i cover up this excess leave by not taking any leave for rest of my first year of articleship i.e. for next 5 months and 19 days or in my rest of the articleship term.
I will suggest you to take care in future about leave and make adjustment of leave during the rest period of article ship so you can complete your article ship with in due date.
05 October 2013
The provision of excess leave is given for your future reference:
EXCESS LEAVE An articled assistant who has already completed three years/three & half years of articled service and has taken leave in excess of the period allowed under Regulation 59 is required to serve for a period equivalent to the excess leave taken in order that his training may be completed. For this purpose, a supplementary deed of articles in Form No. 107 should be executed in triplicate with the same employer in continuation of the previous training on a non-judicial stamp paper or special adhesive stamp of the requisite value should be affixed on the form. The supplementary deed in duplicate along with Form 108 for the period already served should be sent so as to reach the office of the Institute within 60 days of the expiry of the normal term of articles. In case there is a break in the continuity of training and/or there is a change in the employer and/or there is a delay in submission of the papers beyond 60 days, as referred to in the previous paragraph, an agreement in Form No.107 would not be valid. In such a case, a fresh agreement in Form 102 should be entered into and the particulars in Form 103 along with Form No.108 for the period already served, should be sent to the office of the Institute for registration within 30 days of the commencement of training. A member may be granted an additional vacancy to engage an articled assistant whose normal term of training is over and he (the articled assistant) is found to have taken excess leave which is to be made up by an additional period of articles. It is the duty of the employer in such a case to ensure that the articled assistant completes the period of training under him including the period of excess leave. The benefit of an additional vacancy in such case is given only where it could not have been reasonably anticipated that the articled assistant would have to serve an extra period on account of the excess leave taken. Such additional vacancy may be given to the previous employer or to any other chartered accountant entitled to train articled assistant(s).
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