29 June 2012
PLEASE REPLY: can the exam days during excess leave be counted as present and set off against my excess leave?? i have extension of 43 days and going for exams in nov. Will 43 days start after exam or when the exam starts and exam days will be deducted and i have to serve balance
A trainee earns leave at the rate of one–sixth of the period actually served by him. An articled assistant shall work 35 hours per week. The articled assistant should undergo practical training in accordance with the guidelines of the Institute between 11.00 a.m. and 5.00 p.m. During the period, the articled assistant shall not be permitted to attend colleges/other institutions for graduation or any other course. Every articled/audit assistant shall submit, once in a year, a specific declaration duly countersigned by the Principal to the effect that he is regularly attending training and his college hours do not clash with his articles timings and that no coaching is undertaken by him between 11.00 a.m. and 5.00 p.m. on any working day.
EXCESS LEAVE An articled assistant who has already completed three years/three & half years of articled 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).
29 June 2012
Sir I understood these provisions but are the days of exam can be marked as present and be served on duty even if during extension and not under normal articleship
29 June 2012
The days on which a trainee appears for the examination conducted by the Institute (including holidays) are counted as a period on duty. Read Regulation 59 of CA Regulation 1988.
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.
29 June 2012
PRESENT DAYS=1057 EXCESS LEAVE= 45 DAYS I THINK I HAVE TO SERVE 27 DAYS OF ARTICLESHIP AND 16 DAYS BALANCE ARE FOR MY CA FINAL EXAMS. ARTICLESHIP GETTING OVER ON 23.07.2012 APPEARING FOR CA FINAL EXAMS IN NOVEMBER 2012. I LL JOIN AFTER EXAMS GET OVER IS MY CALACULATION CORRECT