26 February 2019
Hello please can anyone tell me.. I am in first year of Articleship. My sir is not allowing me to take transfer. So how can I terminate my Articleship and start with fresh one?
26 February 2019
1) Transfer /termination of articles are permitted without any restriction during the first year of articleship by submitting Form No. 109 to the institute. 2) After one year of articleship, transfer/termination of articleship is permitted only under the following specified circumstances:
Medical grounds requiring discontinuance of articles for a minimum period of three months (on production of a Medical Certificate issued by a Government Hospital). Transfer of a working parent to another city involving a distance of minimum 50 kms (on production of a certified copy of the transfer order and the proof of relocation to another City). Misconduct involving moral turpitude. Other justifiable circumstances / reasons:– Grounds already permissible in the Chartered Accountants Regulations, 1988 (on submission of requisite proof of the act warranting transfer/termination of articleship):– Industrial Training (Regulation 51) Secondment of Articles (Regulation 54) Conversion from PCC to IPCC (for termination of articles only. Re-registration of articles to be allowed only after passing Group-I of IPCC) Death of Principal [Regulation 57(1)(c)] Ceasing of practice by the Principal [Regulation 57(1)(a)] Removal of name of the Principal from the Register of Member due to any reason [Regulation 57(1)(b)] Marriage basis (only if there is relocation to another city involving distance of 50 kms). Irregular payment or non payment of stipend with reference to Regulation 67. Articled assistant desires to serve balance period of training outside India Shifting by the Principal to another city involving distance more than 50 kms. In case an article assistant intends to take transfer any of the above grounds, he is first required to take prior permission of ICAI before furnishing Form 109.
(Notification The Institute of Chartered Accountants of India )
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