04 March 2011
i heared that the old rule is back on transfer of articles.... that is we can take termination with out any reasons at sny time of our articles period ...is it true?..please help in this regard
04 March 2011
he following announcement appeared in the August,2010 edition of the journal THE CHARTERED ACCOUNTANT which is self explanatory:
In partial modification of the announcement dated 30th June 2009 regarding transfer/termination of articles the Council in its recent meeting has decided that the transfer/termination of articleship in terms of Regulation 56(1) of the Chartered Accountants Regulations, 1988 shall be permissible on the grounds as stated below: - I. Transfer/termination of articles is permitted without any restriction during the first year of articles. II. During rest of the articleship period on satisfying any one or more of the conditions as stated below: 1. Medical grounds requiring discontinuance of articles for a minimum period of three months (on production of a Medical Certificate issued by a Government Hospital). 2. Transfer of parent(s) to another city. 3. Misconduct involving moral turpitude. 4. Other justifiable circumstances/reasons
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