I am a Final year student.I have started my articleship on 09/03/07.I am appearing for my C A Final in June 09.I have taken total leave from 09/03/07 till 22/01/09 is 54.I went on study leave from 23/01/09.I will not be paid any stipend for the 4 months. My query is whether study leave taken by me will be counted in 138 days as allowed by ICAI - Old Course or not even if i am not paid any stipend during the period?Normally ICAI provides 2 months leave for exams.If i have taken more than 2 months can i adjust the excess months from 138 leaves or not? What does ICAI rules say abt the study leave for which no stipend is paid for the period.?If my C A wants to adjust the study leave by telling me to work for extra months should i demand stipend for the period? Thanking You
14 March 2009
You are eligible for 138 days leave. Generally CA pays the stipend. It is his discretion. Again if you work for excess leave adjustment he may pay stipend at his discretion. ICAI does not make it compulsiory. Frankly it is all mutual understanding.
CAclubindia
