27 June 2014
Dear sir, What is the difference between transfer and termination? For both procedures are same.please help me. Thankyou
Guest
Guest
(Expert)
27 June 2014
Transfer means to change
terimination means to end
in transfer you chance your principal
and in termination you ends your articleship without rejoining at somewhere else
Querist :
Anonymous
Querist :
Anonymous
(Querist)
27 June 2014
Thank you so much.. So i want to take transfer as i am in first year of articles. Does prior permission of institute is required before sending form 109?
Transfer/Termination of Articleship [Regulation 56(1)]
As informed earlier vide announcement dated 2nd July 2010, ICAI is allowing the articled assistants to seek transfer/termination of articleship only on permissible grounds and the articled assistants are advised to get the consent of the Institute before getting Form 109 signed by the Principal in their own interest.
However, it is noticed that some of the articled assistants are submitting Form 109 signed by the principal along with the application for transfer/termination of articleship. Issuance of Form 109 prior to formal approval of the Institute for transfer will not be taken into record.
It is advised that Principal and articled assistant may forward Form 109 duly signed by both of them only after obtaining the prior permission of the Institute for transfer/termination.
Secretary May 10, 2011
Querist :
Anonymous
Querist :
Anonymous
(Querist)
27 June 2014
I want to take transfer of my articles. I am in first year of articles. Does prior permission of institute is required before sending form 109
Querist :
Anonymous
Querist :
Anonymous
(Querist)
27 June 2014
Even transfer during first year of articles requires permission from institute
Querist :
Anonymous
Querist :
Anonymous
(Querist)
27 June 2014
Please help me out.. Transfer during first year requires prior permission from institute before filing form109.