Articles
This query is : Resolved
15 February 2013
My articles were officially over in last february. I had taken excess leave of 6 months. Hence my articles got actually completed in august last year. I had not filled 107 for extension of articles. I was directed by the institute to re-register myself as an articled assistant in 102, 103. I have filled those. By when should i expect my articleship completion certificate? I've filled my final exam form for may 13 and i have to sent it by post so that it reaches till the last date. Also is there any other relevant procedure i am supposed to follow. Please inform.
15 February 2013
Hi
Yes, you will file Form-107 (Supplementary deed of article)with Form-103 with Institute.
It is required to be file with Institute.
Yes, you will file Form-107 (Supplementary deed of article)with Form-103 with Institute.
It is required to be file with Institute.
15 February 2013
SUPPLEMENTARY ARTICLES
An articled assistant who has already completed three years/three & half years of articles service and has taken leave in excess of the period allowed under Regulation 59 is required to serve for a period equivalent to the excess leave taken in order that his training may be completed. For this purpose, a
supplementary deed of articles in Form No. ‘107’ should be executed in triplicate with the same employer in continuation of the previous training on a non-judicial stamp paper or “special adhesive stamp” of the requisite value should be affixed on the form. The supplementary deed in duplicate along with Form 108 for the period already served should be sent so as to reach the Office of the Institute within 60 days of the expiry of the normal term of articles.
In case there is a break in the continuity of training and/or there is a change in the employer and/or there is a delay in submission of the papers beyond 60 days, as referred to in the previous paragraph,
an agreement in Form No. ‘107’ would not be valid. .
In such a case, a fresh agreement in Form ‘102’ should be entered into and the particulars in Form ‘103’ along with Form No. 108 for the period already served, should be sent to the Office of the
Institute for registration within 30 days of the commencement of training.
A member may be granted an additional vacancy to engage an articled assistant whose normal term of training is over and he (the articled assistant) is found to have taken excess leave which is to
be made up by an additional period of articles. It is the duty of the employer in such a case to ensure
that the articled assistant completes the period of training under him including the period of excess
leave. The benefit of an additional vacancy in such case is given only where it could not have been reasonably anticipated that the articled assistant would have to serve an extra period on account of the excess leave taken. Such additional vacancy may be given to the previous employer or to any other chartered accountant entitled to train articled assistant (s).
SUPPLEMENTARY ARTICLES
An articled assistant who has already completed three years/three & half years of articles service and has taken leave in excess of the period allowed under Regulation 59 is required to serve for a period equivalent to the excess leave taken in order that his training may be completed. For this purpose, a
supplementary deed of articles in Form No. ‘107’ should be executed in triplicate with the same employer in continuation of the previous training on a non-judicial stamp paper or “special adhesive stamp” of the requisite value should be affixed on the form. The supplementary deed in duplicate along with Form 108 for the period already served should be sent so as to reach the Office of the Institute within 60 days of the expiry of the normal term of articles.
In case there is a break in the continuity of training and/or there is a change in the employer and/or there is a delay in submission of the papers beyond 60 days, as referred to in the previous paragraph,
an agreement in Form No. ‘107’ would not be valid. .
In such a case, a fresh agreement in Form ‘102’ should be entered into and the particulars in Form ‘103’ along with Form No. 108 for the period already served, should be sent to the Office of the
Institute for registration within 30 days of the commencement of training.
A member may be granted an additional vacancy to engage an articled assistant whose normal term of training is over and he (the articled assistant) is found to have taken excess leave which is to
be made up by an additional period of articles. It is the duty of the employer in such a case to ensure
that the articled assistant completes the period of training under him including the period of excess
leave. The benefit of an additional vacancy in such case is given only where it could not have been reasonably anticipated that the articled assistant would have to serve an extra period on account of the excess leave taken. Such additional vacancy may be given to the previous employer or to any other chartered accountant entitled to train articled assistant (s).
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