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articleship transfer

Karan (Student) (59 Points)

18 June 2010

hy freinds

my current ca have agreed to give me transfer and i have also found other ca where i wish to conitnue my articlship

they both can mutually agree BUT THE PROBLEM IS BOTH ARE IN SAME CITY

is transfer possible

VERY VERY URGENT

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2 Replies

Umang Lodha (CA, CS) (66 Points)
Replied 18 June 2010

No its not possible..as you need to have a valid reasons for it..

In accordance with the decision of the Council, the transfer/termination of articleship in terms of Regulation 56(1) of the Chartered Accountants Regulations, 1988 shall be permissible to an articled assistant on satisfying any one or more of the conditions as stated below: -

    * Medical grounds requiring discontinuance of articles for a minimum period of three months (on production of a Medical Certificate issued by a Government Hospital).
    * Transfer of a working parent to another city involving a distance of minimum 50 kms (on production of a certified copy of the transfer order and the proof of relocation to another City).
    * Misconduct involving moral turpitude.

* Other justifiable circumstances / reasons: -

   + Industrial Training (Regulation 51)
                + Secondment of articles (Regulation 54)
                + Conversion from PCC to IPCC (for termination of articles only. Re- registration of articles to be allowed only after passing Group-I of IPCC)
                + Death of Principal [Regulation 57(1)(c)]
                + Ceasing of practice by the Principal [Regulation 57(1)(a)]
                + Removal of name of the Principal from the Register of Member due to any reason [Regulation 57(1)(b)]