22 August 2009
hi, I had joined one ca firm before clearing my PE II i.e on 7th June,2006.I cleared my PE II and registered as article on 26th October,2006 in same firm.Then due to lectures i had taken leave for November 08 attempt from 15th January,2008 tii exam is over.I got negative result and for second attempt i got 2 months leave.Now will there be case of extension?and if so for how many days? Pls Guide me something to avoid tha same.
22 August 2009
Yes.... there will be an extention... You are allowed to take 1/7th days leave of the total period u serve..... ur working days with the CA prior to registration is irrelevant..... if u r serving a period of 3 years of articleship, u r eligible to take leave of 1/7th days of total period of 3 years viz 1095 days which comes to 156 leaves in 3 years.... Accordingly calculate the total number of leaves u have actually availed after u joined the firm as an article excluding sundays n public holidays and deduct 156 days from ur actual leave....... if the answer is positive, the extention will be the number of days u calculated.... extention of articleship is definately warranted. bye how much days, u ll haveto inquire in the institute, they will give u the exact amount of days so that u can again sign the 102 n 103.
CAclubindia
