25 March 2008
Earlier, students passing PE2, had to wait for 3 yrs to sit for Final. (the 2.5 years rule cleverly extended to cover 3 yrs). Then from 2006, it became 2 yrs, so a student could sit for Final aftr 2 yrs and a few months in the Final Attempt. BUT What abt now? Now, PE2 students who passed in Nov07 & who will pass in May08 will have to wait again for 3 years for Final, as they r gettin into the New Final scheme. PE2 May2008. Result- July2008 2 and half yrs get completed in Jan 2011. So, thus Final attempt will b in May 2011. So, a cool 3 yrs is snatched by ICAI. But, a PE2 student who will pass in May and will get registered in the New Final, will he/she get into the 3 years articleship or 3 & 1/2 yrs articleship?
25 March 2008
yes Chitra i can understand what it feels to be giving ur attempt in May' 2011 a 6 months delay in ur attempt. Bt u don't have to worry about extension of articleship it is 3 years only for those who are PE-II qualified.But still u may confirm it from other sources as well. But i'm pity confident that ur articleship will only be for 3 years. Now something to cheer for you atleast. A very well known saying that we as C.A professionals should always keep in mind- " The only thing that's permanent in life is a Change". Some thing that we can't do anything about. Jus live with it. Now don't loose ur heart. Ur perserverance and ur patience will definitely pay off. ALL THE BEST U may feel free to revert back to me with any of ur queries at prasad85r@gmail.com or at this forum. Regards Prasad.R
26 March 2008
yes, thanks for ur replies. actually, i've clarified b4 that the 2&1/2 clause is a non-existent one. it inevitably takes away 3 yrs before the final attempt. And Mr. Kapil, the Final attempt comes 3 months prior to the completion of articleship. Not 6 months. Its a method to dissuade students. Anyway, thanks again for ur replies......
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