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Articleship

19 December 2017

Hello,

I'm keerthi I'm a direct entry student pursuing articleship at a reputed firm . Ive commenced my articleship on 20th October 2016 and I have given my ipcc exam in November 2017. I'm not confident of getting through my exam for the given attempt so I want to quit articles in this firm where I have to attend office on a regular basis , if I do so I won't be able to take classes...and study enough even for next attempt i.e may 2018. But how to proceed and put a transfer form ?As per my knowledge there should be a specific reason for the transfer !!?? I don't have such reason !! How do I get out of this turmoil!!

Could some expert guide me please !!?

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3 Replies

Divakar (Student CA Final ) (11857 Points)
Replied 20 December 2017

Firstly ur principal don't sign on articleship transfer form... First ask from him whether he is allowing to take transfer.... And u should hv specific reasons and distance of 50 kms... Reson may be medical or any others like ur parents job change in another city

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CA. Atul Khurana (Chartered Accountant) (3110 Points)
Replied 26 December 2017

First of all ask the institue...Send a letter to vishwas nagar ICAI with the reasons for transfer. There is no specied format of the letter. Then institue will send you approval letter in the context of same that whether you will be allowed to take transfer or not. In my case i got this approval letter after 2 months.
Till the time, make sure that your principal is comfortable in signing that form.
and.....
Dare not mention the reason of not getting sufficient time to attend coaching classes in that letter. In that case the institue will never give you approval.
Also refer the Transfer Rules on the institute's website.

The whole process will be more favourable for you if your principal also signs that letter which you will send for approval.
Also attach sufficient documents like rent deed in case of reason of transfer to another city beyond 50 kms or medical certificates in case of that medical grounds etc.

Sri Keerthi Vangala (17 Points)
Replied 26 December 2017

Hi thank you, but see... After I take the transfer under medical grounds.. !! I've to take 3 mths break to join a new firm.... Now I have a doubt that if I want to write my ipcc group in May 2018 again should I complete the 9 months of articleship with the new firm!!?? If the 9 months is again mandatory I can't give an attempt in May...!!!??