I have taken 273 days leave during my articleship period ......
can anybody help me how much extension i have to serverd ? and which form shoud i fill up with institute ?
pls help its urgent .......
5 Replies
Nikita
(Student CA Final )
(226 Points)
Replied 19 June 2013
I think you have to serve around 100 days more.. :(
nayan
(article assistant)
(466 Points)
Replied 19 June 2013
oh my god, you are in trouble, you have to serve for more 90 days for sure
SAURABH PANVELKAR
(ARICLE ASSISTANT)
(250 Points)
Replied 19 June 2013
91 days more extention
as 180 day ie 1/6 th days of articleship period, leave ia allowed by institute
UNNIKRISHNAN.T.P
(Chartered Accountant at Dalmia Cemens (Bharat) Ltd)
(59 Points)
Replied 19 June 2013
Hi,
If you are PCC student (3.5 years articleship) excess leave =106 days
If you are IPCC student (3 years articleship) excess leave=136 days
Kindly note that eligible leave is 1/6th of "No of days served" and not 1/6th of total period.
For example If you are IPCC student (3 years articleship) the leave is calculated as follows:
(a)Total days of service (365*3) =1095
(b) leave taken =(273)
(c)No of days served ((a)-(b)) =822
(d)Eligible leave (1/6th of (c)) =137
(e)Leave taken =(273)
(f)Excess period to be served (d)-(e) =136
Unnikrishnan TP
Rajesh Dubey
(Chartered Accountant)
(144 Points)
Replied 19 June 2013
As per ICAI guidelines:
"An articled assistant shall earn at the rate of one-sixth of the period for which he has actually served, excluding from such period, the period for which he has been on leave subject to a maximum of 180 days."
I’m assuming you are an IPCC student.
So, aticleship period: 365*3 (yrs) =1095 days
Less: Leave availed = 273 days
Actual period served = 822 days
Therefore, you are eligible for 1/6th of actual period served i.e 137 days.
Hence, you will have to serve additional period of (273-137) 136 days.
You will have to submit Form ”107” i.e Deed of Supplementary Articleship for the same.
Hope, I’m able to resolve your query.
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