Problems faced by Articleship and CA Students – Solutions
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Solutions for Problems faced by Articleship and CA Students
Today here I’m posting about the problems, which is generally faced by CA Students during their Artilceship training. Following difficulties have been persistently faced by the CA student’s community in course of their pursuing their studies and article ship training. The Institute of Chartered Accountants of India should consider appropriate solutions wherever possible.
Difficult Transfer Procedure
The Institute had restricted the Transfer of Articles w.e.f. April 1, 2009. Due to this restriction, various students are now being forced to continue working under their present principals even though they are not satisfied with their article ship. Due to this, the principles are exploiting their articled assistants, not only physically but mentally too, to work under the terms & conditions that suit the principals. Hence, the principal are enjoying a dominant position & the students are feeling totally handicapped.
Solution:
This is one of the biggest problems among the student that, they are not aware about the procedure need to be follow in certain matters. Transfer Procedure is one of the typical process where, student need to suffer. Here, I am trying to simplifying it. Student should note that the benefit of Transfer will be availed in only first year of articleship.
Procedure:
Step 1: The articled assistants are required to get the consent of the Institute before getting Form 109 signed by the Principal in their own interest.
Step 2: The request, on any one or more of the aforesaid grounds, of an articled assistant on a plain paper along with the recommendation / consent of the Principal for transfer / termination of articleship accompanied by evidence / proof (self-attested by the articled assistant) to the satisfaction of the Institute be made. Request for transfer not accompanied by consent of Principal shall not be accepted.
Step 3: In case of dispute between principal and articled assistant, the matter be settled amicably among the articled assistant and the principal concerned and the Institute shall not interfere in such cases.
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Consequences faced by articled assistant while taking transfer:
From the above analysis we can easily say, ICAI restricted the rights of the articled assistant in compare to a Chartered Accountant for the norms and procedural aspect.Without consent of the current principal, an articled assistant cannot proceed further. This is one the biggest downfall in the procedure, because where an articled assistant is working with such a low stipend and willing to transfer, how can a person (principal) allow him to do so. This is the matter to thinkIn major cases, ultimately articled assistant suffered because he could not get the transfer on the time and it can make impact on his further studies as well as it increases mental pressure.CA IPCC November 2014 RTP Download | Revision Test Papers ICAIProcedure to fill CA IPCC,Final Online Exam Form | Nov 2014CA IPCC Syllabus | November 2014 Exams | Law, Tax
Irregular/ Non-payment of Stipend
This is one of the most common problems of all the students. In many cases, the principal is not paying any stipend to the articled assistants. Also, various principals are making deductions from the minimum prescribed stipend amount for leaves that are available to the articled assistants i.e. even if the articled assistant has not taken any excess leave still amount is being deducted.
Solution:
In such a case, articled assistant can complaint to the council and many positive cases are in front of us where ICAI stand with an articled assistant in this matter. In this matter, ICAI conduct an investigation and on the basis of facts they penalize the principal for any misconduct. So, be bindass and if you are also facing this problem then you can draft letter or can complaint to ICAI in this matter.
- See more at: https://superprofs.com/ca/problems-faced-by-articleship-ca-students/#sthash.dns099jo.dpuf
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