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About transfer of articleship

kailash (CA FINAL - ARTICLESHIP) (53 Points)

20 May 2011

whether prior permission of institute will be required regarding transfer in first year of articles.(ipcc route)

whether i take transfer in same city in fir year of articles

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8 Replies

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 20 May 2011

Whethr it is 1st yr/ny othr yr or whtr its 1st tim/ ny othr tim as per new transer of articleship rules U have to follow wat d procedure has been mentioned in d new notification by ICAI.

Read d new trf rule on icai webiste carefuly u ll get ur ans.

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vivek (CA Final) (296 Points)
Replied 20 May 2011

In a major flexibility for CA aspirants, the CA Institute, regulator of the chartered accountancy profession, has given articled clerks a choice to opt out of the existing arrangement with a principal during the first year of articleship. “Articled clerks can now transfer to another practicing chartered accountant in the first year. Earlier, there was a blanket ban and no transfer was permissible for all three years.

“Now, we are giving students an option to transfer in the first year. But for the second and third year, the restrictive clauses will continue to apply,” Mr Amarjit Chopra, ICAI President, told BusinessLine, here

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 20 May 2011

@ vivek...But Amrit chopra has not mentioned it on ICAI official websit.....only in a newspaper ...thn wat abt their notification on 10/5/11....y thy want this to b follwed b4 submitting form 109.

Following is the exact & latest notification of ICAI ...plsread it carefully.....

Transfer/Termination of Articleship - (12-05-2011)

ANNOUNCEMENT

Transfer/Termination of Articleship
[Regulation 56(1)]

As informed earlier vide announcement dated 2nd July 2010, ICAI is allowing the articled assistants to seek transfer/termination of articleship only on permissible grounds and the articled assistants are advised to get the consent of the Institute before getting Form 109 signed by the Principal in their own interest.

However, it is noticed that some of the articled assistants are submitting Form 109 signed by the principal along with the application for transfer/termination of articleship. Issuance of Form 109 prior to formal approval of the Institute for transfer will not be taken into record.

It is advised that Principal and articled assistant may forward Form 109 duly signed by both of them only after obtaining the prior permission of the Institute for transfer/termination.

Secretary

May 10, 2011

srinivass (CA Final) (2466 Points)
Replied 23 May 2011

hi friends ,

i complete 3moths articles only with my present auditor , i didt like this firm , i want transfer from this firm ................. is it possible to transfer with this reason..............

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 23 May 2011

@ srinivass u can get trf only if u satisfy any of reason mentione byicai in aprl 2009 notification + d above notification.

If u arguetht u don lik this firm n want to get trf ull nt get it.

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Surabhi Rajora (none) (72 Points)
Replied 25 May 2011

bt n6where in the new notification hve dey mentioned that old notification is modified or discarded..new notification is only supporting n reiterating the fact that prior approval is required..in 1st year transfer should nt be an issue..

SANJAY TATER (ARTICLE) (22 Points)
Replied 21 June 2011

I have completed 2.5 years of articleship(via pcc route), & now i want to transfer, my CA has agreed, can I have to satisfy also the institute's permissible grounds for transfer. Pls help me, it's urgent

sapna sharma (article) (48 Points)
Replied 18 July 2011

Dear All,

PLz let me know that the institute may reject the application for Transfer?? In what Circumstances??

Actuialy i m in articleship training somewhere in hv completed 10 months and now i want trasfer..So if i write application to the institute for trasfer , then is is possible that they may reject the application... Also tel me principal Signature is required on the Concerned application??