Termination on medical ground

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 October 2014 Recently I met with an accident which fractured my leg. Doctors said atleast 3 months is required to cure. I want to terminate form my principal and join another in my home town.
1. Should i terminate right now or after 3 months??
2. If i terminate now and re-register after 3 months,will my attempt for final be postponed for 6 months (articles registered on 14-03-2013)

Nikhil Kaushik

Nikhil Kaushik (Expert)
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05 October 2014 1. you need to terminate now.

2. yes your attempt will shift....

Querist : Anonymous

Querist : Anonymous (Querist)

05 October 2014 thanks..
1.should i take permission from ICAI before termination??
2.by what time institute will reply and what is the procedure for seeking permission(Through telephone or writing a letter)??
3.If reply is late when should i re-register??(after 3 months or just after termination)

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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05 October 2014 1. yes ICAI permission is compulsory.

2. you need to write to them..they also reply in writing only.

3. you cannot register before 3 months

Nikhil Kaushik

Nikhil Kaushik (Expert)
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05 October 2014 kindly refer

http://taxguru.in/chartered-accountant/icai-issued-biased-notification-on-transfertermination-of-articleship.html

http://www.icai.org/post.html?post_id=7267

Querist : Anonymous

Querist : Anonymous (Querist)

05 October 2014
how much time will ICAI take to reply for my letter

Nikhil Kaushik

Nikhil Kaushik (Expert)
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05 October 2014 they take there own time...expect atleast a month..

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