PERMISSION FOR OTHER ENGAGEMENTS BY CA STUDENTS

a) For Teaching:

i) The engagement should be either before or after normal office hours of the Principal

ii) The Institution wherein he is to be engaged should be in the same town/city wherein he undertakes

training.

iii) An application should be made mentioning the office hours and the timings of the lectures on each

day of the week along with:

A certificate from the Principal to the effect that such engagement does not interfere his training as an

articled/ audit assistant under him.

A certificate regarding the time required to be spent/to be devoted per week by the articled/audit

assistant tram the concerned authorities for the engagement.

iv) Permission is not granted where the number of hours prescribed is exceeded.

Requirements

(1) Apply in Form 112 duly recommended by the Principal

(2) Attach certificate issued by the Principal of the College (where he intends to teach)

(3) The starting and ending timings of the classes taken by the articled/audit assistant.

The total hours to be devoted.

(i) Daily basis

(ii) Weekly basis

(4) Attach certificate tram the Principal clearly stating that the engagement of the articled

Assistant in other occupation as "Teacher" does not interfere with his training as an articled/audit

assistant.

(b) For Director

(i) The Company in which the articled/audit assistant proposes to be appointed as a Director should

be a Family Company i.e. A majority of the capital of the company is held by the members of the

family of the articled/audit assistant.

(ii) The company should have been in existence before the assistant had entered into articled/audit

service.

(iii) Neither the principal nor the firm in which he is engaged as an articled/audit assistant is a partner

or an auditor of the company.

(iv) The assistant should not be entitled to receive any allowance apart from the sitting fee for

attending the

(v) The assistant should give an undertaking on a non-judicial stamp paper duly sworn in before a

Magistrate that he would not take any active part in the business of the company apart from

attending the Director's meeting.

(vi) The other Directors should confirm that such an undertaking would not interfere with the normal

functioning of the company.

Requirements:

(1) Apply in form 112 duly recommended by the Principal along with:

(a) Attested true copy of Memorandum and Articles of Association of the company.

(b) Undertaking by the articled/audit assistant duly sworn in before a Magistrate/Notary Public.

(c) Declaration by the Principal of the articled/audit assistant.

(c) For Sleeping Partners

(i) An articled/audit assistant should not be deemed to be engaged in any business or occupation

within the meaning of Regulation 65/78, if he is merely a sleeping partner in a family business

concern. There should be no objection to an articled/ audit assistant being a sleeping partner in one

or more business concerns, if there is a recital in the partnership deed that he is a sleeping partner

which will constitute prima- facie evidence, unless there is evidence to the contrary.

(ii) Permission can be given. if (1) the partnership deed contains a recital that he is a sleeping partner;

(2) all the partners including the articled/audit assistant furnish affidavits that the assistant is neither

taking active part nor will be entitled to take active apart nor will be entitled to take active part in

the management of the business and (3) a declaration is given by the employer of the articled/audit

assistant that the latter is a sleeping partner and in case any change in his status in the partnership

comes to his attention, he shall inform the Institute.

Requirements:

The student concerned is required to:

(1) Apply in Form 112 duly recommended by the Principal.

(2) Attach true copy of Partnership Deed (attested)

(3) Submit affidavit by all the partners of the business firm duly sworn in before the Magistrate or

Notary Public.

(4) Submit affidavit by the articled/audit assistant duly sworn in before the Magistrate.

A letter granting permission to engage in other occupation i.e. teaching, as Sleeping Partner or

Director in family business concern/ Limited company will be issued to the Principal! Articled/ Audit

assistant.

The student may inform regarding disassociation from other occupation so as to revoke permission.

In case Form 112 is not submitted within 30 days of joining the course, the procedure laid down for

condonation of delay in submission of form will apply.

Source:

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December