25 April 2009
Yes. You can accept but if any dispute arises between you and your principal at that time this cash vouchers will not help you. If it is through account payee check you can show that for reconciliation. In the normal course you can accept the stipend in cash.
25 April 2009
No. Stipend must be given by Account payess cheque or must be deposited by employer into the bank account of article. Even at the time of filing training completion form, declaration to this effect is given by the employer.
26 April 2009
The stipend under this regulation shall be paid by the principal to the articled clerk either (a) by a crossed account payee cheque every month against a stamped receipt to be obtained from the articled clerk; or (b) by depositing the amount every month in an account opened by the articled clerk in his own name with a branch of the bank to be specified by the principal.
28 April 2009
Officially not. As per Institute Rules, u can accept stipend either by a crossed cheque or directly depositing into your account by principal.
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