07 February 2013
I passed CPT, dec 2012. Now to register for IPCC, I have a query regarding the "ARTICLES". Actually while filling the application form, i came across an option of registering for both the groups (1 and 2) alongwith or without "ARTICLES". Now, what is this "articles". Is this somehow related with the articleship which we have to undergo after passing group 1.What consequence i might face(IN FUTURE) if i register myself widout "ARTICLES" Someone plzzz clear this doubt of mine( althogh it might sound silly to many people).
07 February 2013
Articles is about the Three year practical training under Chartered Accountant in practice.The eligibility for joining articles is passing either Group I of Intermediate(IPC) or Both the groups of Intermediate (IPC).You will have to complete Orientation Program and ITT before joining Articles.
FOLLOWING ARE THE REQUIREMENTS FOR BECOMING A CHARTERED ACCOUNTANT
(i) Enrol with the Institute for Common Proficiency Test after passing class 10th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto.
(ii) Appear in CPT examination after appearing in the Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto and after completion of specified period (60 days) from the date of registration for CPT with the Board of Studies and first day of the month in which the examination is to be held, viz., students registered on or before 1st April/1st October will be eligible to appear in June/December examination, as the case may be.
(iii) Join IPCC/ATC after passing CPT and 10+2 examination or by graduation basis under direct registration as per Notification dated 02.08.2012. • Undergo Orientation Programme • Complete 100 hours ITT • Students are advised to undergo Orientation Programme and complete 100 hours ITT at the earliest and compulsorily before commencement of their articleship. • Appear in IPCE/ATE on completion of 9 months of study course one day prior to the month in which the examination is to be held • Join articled training after passing Group I of IPCC. • Clear Group II of IPCC if not done earlier.
(iv) Join CA Final Course: • After passing IPCE register for Final course with the Board of Studies; • Collect study material of the Final course and prepare for the Final examination; • Undergo General Management and Communication Skills (GMCS) course while undergoing Final course; and • Complete articled training of 3 years.
(v) Appear in the final examination on completion of the practical training or while serving last 6 months of articled training on or before the last day of the month preceding the month in which the examination is to be held.
(vi) Pass final examination and complete GMCS, if not completed earlier. (vii) Enroll for membership.
08 February 2013
But my doubt is, what's the difference between registering with the articles and widout the articles. what problems(if any) i might face if i dont register register the articles
08 February 2013
its just about fee that icai is going to collect. if you have registered with articleship then you have to pay extra amt as registration fee.
Then after passing grp1 of ipcc when you fo for registration for ca articleship then you need not pay fees as you have already paid. if you register without articles no such consequences.. except fee collection by icai in advance
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