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Limit on no. of articles

yashsr (CA) (2285 Points)

11 June 2012

Hello,

I got my Membership no. and COP on 6th December 2010. I started my own propritory firm on 1st Jan 2012. Currently I have a limit of I think 1 article. However, when can I start having 3 articles?

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Janak (Chartered Accountant ) (98 Points)
Replied 11 June 2012

The entitlement of members in practice to train articled assistants :

(i) An associate or fellow in continuous practice for a period upto 3 years - 1 Article

(ii) An associate or fellow in continuous practice for any period from 3 years to 5 years - 3 Articles

(iii) An associate or fellow in continuous practice for any period from 5 years to 10 years - 7 Articles

(iv) An associate or fellow in continuous practice for any period from 10 years - 10 Articles

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yashsr (CA) (2285 Points)
Replied 11 June 2012

Originally posted by : Janak
	The entitlement of members in practice to train articled assistants : (i) An associate or fellow in continuous practice for a period upto 3 years - 1 Article (ii) An associate or fellow in continuous practice for any period from 3 years to 5 years - 3 Articles (iii) An associate or fellow in continuous practice for any period from 5 years to 10 years - 7 Articles (iv) An associate or fellow in continuous practice for any period from 10 years - 10 Articles

So at present I can keep just one article. When can I start keeping more than 1 article? Is it counted calendar year wise(in which case what about year 2010 since I started in december) or strictly datewise(i.e I'll be able to keep more than 1 article from 7th Dec 2013?)?