06 January 2021
Dear sir, I need a sample letter for transfer on the ground of principal giving up his COP. Please help me and will i get transfer easily or ICAI can restrict my transfer in any case?
11 July 2024
Certainly! Here's a sample letter you can use for requesting a transfer on the grounds of the principal giving up his Certificate of Practice (COP):
The Secretary [Regional Council/Branch Name] The Institute of Chartered Accountants of India (ICAI) [Address of Regional Council/Branch] [City, State, Zip Code]
Subject: Request for Transfer of Articleship Registration
Dear Sir/Madam,
I hope this letter finds you well. I am writing to request the transfer of my articleship registration from [Current Principal's Name] to a new principal due to the principal's decision to relinquish their Certificate of Practice (COP).
I am currently pursuing my articleship under the guidance of [Current Principal's Name] at [Current Principal's Firm Name]. However, I have been informed that my principal has decided to cease the practice and has surrendered their COP. In view of this development, I kindly request the transfer of my articleship to another practicing chartered accountant who holds a valid Certificate of Practice.
I am attaching the following documents for your perusal and necessary action:
1. Copy of my articleship registration form (Form 103) 2. Copy of my training contract (Form 107) 3. Copy of the communication received from my current principal regarding the surrender of COP
I understand that as per the regulations of ICAI, articleship transfer is permissible under such circumstances where the principal gives up their COP. I am committed to completing my articleship training in accordance with the requirements and guidelines set by ICAI.
I would appreciate it if you could process my request at your earliest convenience. Please do not hesitate to contact me at [Your Phone Number] or [Your Email Address] if any further information or documentation is required.
Thank you for your attention to this matter. I look forward to your positive response.
Yours sincerely,
[Your Name]
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**Note:** - Customize the letter with your specific details, including your current principal's name, firm name, and any other relevant information. - Ensure to attach all required documents as mentioned in the letter. - ICAI does have guidelines and regulations regarding articleship transfers, so ensure your request complies with these regulations.
Regarding your second question, while ICAI generally permits articleship transfers in cases where the principal gives up their COP, it's essential to follow the specific procedures and guidelines laid down by ICAI for such transfers. If you provide all necessary documentation and meet the criteria, the transfer should typically be processed smoothly. However, ICAI reserves the right to restrict transfers in exceptional cases, especially if there are concerns related to compliance or other regulatory issues. Therefore, it's crucial to adhere to all guidelines and requirements specified by ICAI for a successful transfer.
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