firm as an article..?

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Querist : Anonymous

Querist : Anonymous (Querist)

27 December 2010 which type of firm shuld we join for our articleship.....so dat we get a complete knowledge..

CA Chandresh Agrawal

CA Chandresh Agrawal (Expert)
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27 December 2010 See generally we prefer in our articleship that we must get exposure in all the field so we are generally prefering such a firm which is having a variety of work and we get exposure in all the area and this can be possible in middle firm only. In big firm you might get exposure in limited area only.

Choice of firm depends on what u wnt to do after CA eg. if u wnt to go in industry then you must have in depth knowledge in area you want to work and now a days in practicising firm is also requiring a person who have good command over a subject.

so in my view choose your field and go for big firm in that area so after threee yours though you have limited area knowledge but you will be master in your field.

"Be jack of all trades but master of one first"

Ajay Mishra

Ajay Mishra (Expert)
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27 December 2010 ELIGIBILITY TO TRAIN ARTICLED ASSISTANTS (AS PER THE REVISED REGULATIONS )
The Chartered Accountants Regulations, 1988 with regard to the eligibility to train the articled assistants has been amended vide Notification dated 17th August, 2007. (Refer September 2007 issue of the CA Journal). As per the amended Regulations, the eligibility of practising member to train articled assistant/s is as under.
TABLE-I
(Applicable to members practising the profession of chartered accountants in his individual name or as proprietor or as partner)
Category Period of continuous practice Entitlement of articled assistant or assistants
(i) An associate or fellow in continuous practice for a period up to 3 years. 1
(ii) An associate or fellow in continuous practice for any period from 3 years to 5 years. 2
(iii) An associate or fellow in continuous practice for any period from 5 years to 10 years. 7
(iv) An associate or fellow in continuous practice for any period from 10 years. 10
TABLE-II
(Applicable to members who are in full time salaried employment under a chartered accountant in practice or a firm of such chartered accountants))
Category Number of full time salaried employees —irrespective of whether associate or fellow Entitlement of articled assistant or assistants
(i) Up to 100 1 per employee
(ii) Between 101 and 500 100 +50% of such employees above 100
(i.e., a maximum of 300)
(iii) From 501 or more 300+20% of the number of such employees
above 500
Stipend payable would be as under:
Sr.No. Classification of the normal place of the service of the articled assistant During the first year of training During the second year of training During the remaining
period of training
(i) Cities/towns having a population of twenty lakhs and above Rs. 1000 Rs. 1250 Rs. 1500
(ii) Cities/towns having a population of above four lakhs but less than twenty lakhs Rs. 750 Rs. 1000 Rs. 1250
(iii) Cities/towns having a population of less than four lakhs Rs. 500 Rs. 750 Rs. 1000

For detailed guidelines, please refer the Notification dated 17th August, 2007.

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Querist : Anonymous

Querist : Anonymous (Querist)

28 December 2010 thank u fr ur replies.....

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