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Articleship completion query

Manoj Anandani (Service) (94 Points)

17 June 2012

my articleship period is about to complete. I have taken total of 150 days of leave excluding sundays and public holidays. Do i have to serve extra leave period under my prinical or is it allowed and my articleship is completed? kindly advise.

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3 Replies

Saurabh Maheshwari (B.com,ACA) (5923 Points)
Replied 17 June 2012

I think you are under PCC/FINAL route.so you have a'ship period of 3y i.e 1095 days.No of days you actually present(excl. Sundays &other h'days)=1095-150-180(for sunday &other h'days in office)=765 days. As per rule you are allowed to take casual leave(incl. For exams) =1/6 days of actual presence(excl. Sunday & other office h'days),so you are allowed to take[765*1/6=128 days].so your extension is- leaves you take-leaves allowed as per rule=150-128=22days.so congrats your A'ship is complete and your principal won't mind 22 days extra leave.hope its fine.

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Saurabh Maheshwari (B.com,ACA) (5923 Points)
Replied 17 June 2012

Sorry,i made mistake in taking a'shp period as 3 y instead of 3.5 y.so pls revise calculations accordingly.

Janani Subramanian (Employed) (151 Points)
Replied 19 June 2012

As per the ICAI regulation the entitled leave is 1/7th of the workin period so that comes to 183 days which doed nt includes sundays and public holidays. This is as per the PCC model and since you have take only 150 you need not serve for extra period. All the best!!