10 December 2012
i got the consent from my Principle to take transfer of articleship. My query is while filling Form-109 i find the colum to fill the BANK A/C details in which stipend was paid, but my auditor didnt gave me any stipend during 3 months of my article training, wat i have to do? wether to left that column without filling any details? will it make any problem for me if i didnt fill those columns?
I think, at the time of joining you have decided the amount of stipend and mode of payment of stipend. It is a major port of articleship training.
As per Regulation 48(2) of the CA Act, 1988: The stipend under this regulation shall be paid by the principal to the articled assistant either (a) by a crossed account payee cheque every month against a stamped receipt to be obtained from the articled assistant; or (b) by depositing the amount every month in an account opened by the articled assistant in his own name with a branch of the bank to be specified by the principal.
10 December 2012
Thank you Ajay. The read between the lines suggest that they not done any of the above. Good to get out of that in a smooth way, without making a BIG ISSUE.