One of my friend is an Articled Assitant. As per the Form 102 submitted by him, his articleship tenure was from 20-10-2007 to 20-04-2011. But owing to excess leaves taken, he did not request for form 108 from his principal. Instead, he continued with the same principal to compensate the excessive leaves taken by him. But after appearing for the exams in May 2011, he fell ill and was unable to attend office.
However, on 06/09/2011, he has compensated all the excess leaves taken and his required articleship tenure has been completed. He now wants to submit form 108. My query in this regard is that:
What is the procedure in such a circumstance. Will there be any penalties for delay and will my friend has to submit some other forms alongwith form 108.
09 September 2011
yes penalties for delay submission of form 108 as per icai regulations should be charged and for more info see ur prospectus and visit icai website
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