Articleship termination and joining Big 4 after clearing Inter
This query is : Resolved
22 July 2023
Hello,
I'm doing my articleship at a firm, it's been only 2 weeks and have come to the realisation that I won't have ample amount of time to study and attend classes, I have asked for termination of my articleship and the CA here asked me to serve 30 days notice period. My question is after taking termination here, I'll give my exams and want to join Big 4 as a fresh article assistant under New Scheme. What are the things I need to keep in mind for this to happen smoothly?
Also while submitting the details on SSP portal, do I have to mention the no of leaves as the no days of I worked so that I could do my articleship from the beginning?
I'd really appreciate it if anyone gets back to me, this is important.
I'm doing my articleship at a firm, it's been only 2 weeks and have come to the realisation that I won't have ample amount of time to study and attend classes, I have asked for termination of my articleship and the CA here asked me to serve 30 days notice period. My question is after taking termination here, I'll give my exams and want to join Big 4 as a fresh article assistant under New Scheme. What are the things I need to keep in mind for this to happen smoothly?
Also while submitting the details on SSP portal, do I have to mention the no of leaves as the no days of I worked so that I could do my articleship from the beginning?
I'd really appreciate it if anyone gets back to me, this is important.
22 July 2023
CA Articleship Termination/Transfer during the First Year –
As per the ICAI guidelines, there are no restrictions for transfer amid the first year of Articleship Training.
A candidate is free to take the transfer and register himself under another practicing Chartered Accountant without obtaining prior approval of ICAI.
Further, no limit has been stated in the ICAI guidelines regarding the transfer. Therefore, a student can take the transfer from one CA to another CA as many times as he desires to have. The article can register his transfer under another Practicing Chartered Accountant by submitting Form 109 to ICAI.
Notice period not required.
As per the ICAI guidelines, there are no restrictions for transfer amid the first year of Articleship Training.
A candidate is free to take the transfer and register himself under another practicing Chartered Accountant without obtaining prior approval of ICAI.
Further, no limit has been stated in the ICAI guidelines regarding the transfer. Therefore, a student can take the transfer from one CA to another CA as many times as he desires to have. The article can register his transfer under another Practicing Chartered Accountant by submitting Form 109 to ICAI.
Notice period not required.
22 July 2023
Thank you for replying Sir, I really appreciate it.
My aim is to get into Big 4 after clearing CA Inter in May 2024, can you please advice how do I do that after terminating my articleship here at this firm?
My aim is to get into Big 4 after clearing CA Inter in May 2024, can you please advice how do I do that after terminating my articleship here at this firm?
23 July 2023
It's after one year or within one year.
23 July 2023
Sir it is within one year, I'm wondering if I can join Big 4 as a fresh article student under New Scheme after clearing Inter.
23 July 2023
Yes, you can join no problem. Check new scheme applicable for you.
23 July 2023
Sure Sir, thank you for your replies.
23 July 2023
You are welcome...
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