Articleship rules clarity - correct interpretation of rules

Articleship 1640 views 9 replies

Sunny

Accountant

55 Points Joined September 2010

I m sure many students pursuing their final stages of articleship would now have a clear idea of their eligible leave so far, their excess, how they can make good the excess leave taken and for what all they can claim credits.

https://indiapoint.net/ca/2008/10/31/articleship-certain-rules/#toc-7-stipend-during-leave

Replies (9)

CA ADITYA SHARMA

CA IN PRACTICE

16719 Points Joined May 2011

wonderful explanation

GAUTAM DEY

Be Patient Live Life

17309 Points Joined December 2010

Originally posted by : aditya(ca learner)
	wonderful explanation

Sunny

Accountant

55 Points Joined September 2010

This is my interpretation of the rules in the link above. Anybody who feels i m wrong somewhere can humbly correct me if i m wrong.

Taking an example for the month of August:

ABC works 7hours a day(excluding lunch hours) , 6days a week = 42hrs a week ( i.e. 7hours a week in excess of the institute's regulation of 35hours pr week)

ABC took leave on a weekday during the month.

Status of ABC at the end of the month:

1) ABC has completed 31 days of Articleship.

2) ABC is already eligible for 5 days of leave (i.e. 1/6th of actually served 30 days).

3) ABC can take credit for 28hours extra worked (i.e. 7hours per week * 4weeks).

4) ABC's total leave credit is 5days and 28 hours and therefore after apportioning his leave for 1 day he now has 5days and 21hours leave credit.

SANYAM ARORA

“It's hard to beat a person who never gi

20173 Points Joined December 2010

Thanks a lot.............!!!!!!

@ ! @

ARUN KUMAR

Financial Consultant

992 Points Joined August 2011

Thanks For Sharing......................

SAITEJA

none

50 Points Joined June 2010

That was so kind of u to explain it so clearly but wat doubt is that whether the period of articles training is 3 years or 31/2 years... please clarify

sweta

Student of CA Final NCFM

283 Points Joined February 2010

THANKS A TON

paraj kapoor

student

37 Points Joined September 2010

i hv a query... m a pcc student.. i had served under my First CA (i.e first employer) for 1 year & 6 months... due 2 his sad demise, beacause of which my training got automatically terminated, i served the remaining Articleship period of 2 years under Second Employer.... now, m gonna fill form 108 & 119 in some days... SHALL I FILL PARTICULARS (i.e. leaves taken, type of work undertaken, etc.) and get the forms signed for 2 years from my present employer or for a complete period of 3.5 years??