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Death of Principal auditor during articleship period

siva (Student) (41 Points)

30 May 2010

Hi Friends,

Can any one post the procedure in case of death of auditor during articleship period.

shiva

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3 Replies

Siddharth (Get Digital Signature Certificates (DSC) in 30 minutes! Click on send PM!) (672 Points)
Replied 30 May 2010

This link should help -

https://icai.org/resource_file/14482student_manual_11.pdf

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Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 31 May 2010

Hello,

You can apply for transfer of articleship on this ground.

Following are the grounds other than transfer to other city involving minimum 50km for transfer of articleship. So, if you satisfy one or more of the below mentioned conditions, then you can take transfer..

1) Medical grounds requiring discontinuance of articles for a minimum period of three months (on production of a Medical Certificate issued by a Government Hospital).

2) Misconduct involving moral turpitude.

3) Other justifiable circumstances / reasons: -

a) Grounds already permissible in the Chartered Accountants Regulations, 1988 (on submission of requisite proof of the act warranting transfer/termination of articleship): -

i) Industrial Training (Regulation 51)

ii) Secondment of articles (Regulation 54)

iii) Conversion from PCC to IPCC (for termination of articles only. Re-registration of articles to be allowed only after passing Group-I of IPCC)

iv) Death of Principal [Regulation 57(1)(c)]

v) Ceasing of practice by the Principal [Regulation 57(1)(a)]

vi) Removal of name of the Principal from the Register of Member due to any reason [Regulation 57(1)(b)]

b) Irregular payment or non payment of stipend with reference to Regulation 67.

c) Articled assistant desires to serve balance period of training outside India.

d) Shifting by the Principal to another city involving distance more than 50 kms.

Ashwini (Article Assistant) (37 Points)
Replied 10 June 2010

Hello Sir

Is it possible to send form 109 without the principal's signature.... My problem is that i stay with my guardians and i am seeking termination on the basis of transfer of working parent/guardian. But my principal is not agreeing for mutual consent though i have tried to convince him regarding the issue, but he says that he can give me transfer only after this september as i am senior article and lot of work is depended on me . I dnt have that much time. Can i send the from 109 along with the letter and transfer certificate to institute... will the institute respond positively...???

Thanks