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Article ship clarification

taufir alam (Article) (73 Points)

17 November 2011

hello friends ,

i need a clarification about article ship .i have just given ipce nov11and my result is most probable to come this time . i have alredy completed my 2nd group and i had got an exemption in a/c grp1. i heared some where that if i join article ship now , before the result come, then i can get the credit of these three month in the articleship stipulation period . and therefore i need to know whether it is correct or not .

i am also curious to do something till the result comes regarding some earnings but not sure about what could i do at this criticle situation. please help

plz response!!!!!!!!!!!!!!!!!!!!!!!

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9 Replies

Nitesh Gupta (Articled Assistant) (145 Points)
Replied 18 November 2011

Dear,

I can help you very well. One of my friend has done this. He joined his articleship training just after giving IPCC exam. He was also too sure about his positive result. Now he tells me his feelings:-

"Now I am senior of all the trainees in my office even they have given same IPCC attempt as of mine because I have joined the firm just before 2 months before them. I am enjoying my seniority as every client's file cannot be finalized without checking by me"

I think you have known the benefits of joining articleship before result.

If you join now, there will be one more benefit. There is no rush of new article trainees in the CA firms, hence you can get any desired firm for training very easily. And remember that there will be great rush in the future for article trainees as the IPCC result is very higher now-a-days.

And definitly that period of pre-result training will not be counted for your training period of 3 years but shall be counted for your experience & stipend.

So I highly recommend you to join articleship now to save your time & gain much more.

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taufir alam (Article) (73 Points)
Replied 18 November 2011

thanks for the response nitesh

can any one tell me how much stepin i shall be fatched if i join articleship training even before the result comes as an employee and not as an article .and can it be reduce after the result and registration as an article .

Gaurav Singh (student) (496 Points)
Replied 18 November 2011

Mine is the same query.I have given IPCC Nov 2011 and i expect to be passed this time.Can i join in articleship before results...If so,then why it is said that you can join articleship only after passing grp1.

Nitesh Gupta (Articled Assistant) (145 Points)
Replied 19 November 2011

@ Mohd taufir alam,

About your stipend I want to tell you that there is no provision in ICAI about pre-result articleship. It is just wish & discretion of you and the firm(which you may join). It would be like a employer-employee relationship. Hence amount of stipend for pre-result period will be fully depend upon the discretion of your employer(CA). However, the amount of stipend for articleship period of 3 years as decided by ICAI is:-

For 1st year : Rs. 1000/- per month

For 2nd year : Rs. 1250/- per month

For 3rd year : Rs. 1500/- per month

Hence it is quite possible that stipend for pre-result period paid by ca would be Rs. 1000/- or Nil as per employer's discretion. You can't compell employer for stipend in any sense.

All the best.

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Nitesh Gupta (Articled Assistant) (145 Points)
Replied 19 November 2011

@ gaurav

After passing 1st group you are eligible for articleship training of 3 years. Hence you can also start your articleship training now only if you are sure about your positive result of 1st group. Because after 2 months you have to join articleship training anyhow. So why should not start now. It is very beneficial for you as explained to taufir.

But a very important thing in this is that taufir is not to do any thing for next 2 months. But still you have not prepared for 2nd group(as resembles in your query), so you must give first priority to 2nd group preparation. Hence if you have not prepared for 2nd group of IPCC, then don't think about articleship training.

OK. Best of Luck.

For any other doubt, write again.

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taufir alam (Article) (73 Points)
Replied 19 November 2011

COULD U PLEASE SUGGEST ME THE DISADVANTAGES OF DOING A JOB IN BPO OR ANY OTHER SECTOR LIKE ACCOUNTS AND FINANCE FOR 2MONTH TILL THE RESULT COMES. ACTUALLY I AM ALSO IN A FINANCIAL NEED. THEREFORE I M ASKING THIS FACT OF EARNING AGAIN AND AGAIN.

ON AN AVERAGE HOW MUCH RENUNERATION COULD I GET IF JOINING PRE-RESULT ARTICLE SHIP.

PLEASE RESPONSE AND GIVE UR VALUABLE SUGGESTION AS SOON AS POSSIBLE.

Gaurav Singh (student) (496 Points)
Replied 20 November 2011

I have given both group this time....

taufir alam (Article) (73 Points)
Replied 20 November 2011

plz reply any one for my query as stated above

Nitesh Gupta (Articled Assistant) (145 Points)
Replied 21 November 2011

@ taufir

It is a good to work in BPO sector in Accounts & Finance. As you are in financial need so I also recommend you to go for job in BPO rather than articleship.

Articleship stipend shall be a negligible amount from that you can't achieve what you want.

But in job in BPO you can get a good remuneration & also your talent will also get shined.

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