14 July 2024
Yes, it is possible for a student undergoing articleship to temporarily stop their articleship and restart in a new firm after a few months. Here’s how you can approach this situation:
### Process for Temporary Interruption and Restart of Articleship:
1. **Discuss with Current Principal:** - First, discuss your intention to temporarily interrupt your articleship with your current principal (employer). Explain your reasons clearly and seek their understanding.
2. **Formal Application:** - Prepare a formal application requesting temporary interruption of your articleship. Include details such as the reason for interruption, proposed duration, and any agreed-upon terms (if applicable).
3. **Approval from ICAI:** - Submit your application to the Institute of Chartered Accountants of India (ICAI) through your regional office. It is essential to obtain approval from ICAI for any interruption or transfer of articleship.
4. **Completion of Formalities:** - Complete any necessary formalities with your current principal, such as settling dues, returning office materials (if required), and obtaining a relieving letter or experience certificate.
5. **Restarting Articleship:** - After the approved interruption period, you can start seeking a new firm for articleship. Inform ICAI about your intention to restart articleship and follow their guidelines for registering with a new principal.
### Points to Consider:
- **ICAI Regulations:** Ensure that you comply with all articleship regulations set by ICAI, including procedures for interruption and restart.
- **Documentation:** Maintain records of all communications, approvals, and agreements related to the interruption and restart of articleship.
- **Continuity:** Aim to minimize the interruption period to ensure continuity in your training and progress towards completing your articleship.
### Conclusion:
Temporary interruption and restarting of articleship are permissible under ICAI regulations, provided you follow the prescribed procedures and obtain necessary approvals from both your current and future principals, as well as from ICAI. Clear communication and adherence to guidelines will help ensure a smooth transition during this process.
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