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Stipend received yearly

Ameesha Singh (Article Assistant) (37 Points)

20 October 2024

I received my stipend yearly as I wasn't regular due to health reasons. Will be articleship become invalid? Icai has asked for stipend details. I have already completed my articleship.

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Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (5661 Points)
Replied 20 October 2024

As per ICIAI regulations, articleship stipend is typically paid monthly. However, considering your health issues and irregular attendance, your principal may have opted to pay you a yearly stipend.

Since you've already completed your articleship, it's likely that your articleship will still be considered valid.

ICIAI may request stipend details to verify compliance with regulations. To address this:

1. Respond to ICIAI's query: Provide the requested stipend details, explaining the reason for the yearly payment due to your health issues.

2. Provide supporting documents: Submit relevant documents, such as: - Medical certificates or records - Principal's confirmation regarding the stipend payment arrangement

3. Seek guidance:

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Richard Edward (27 Points)
Replied 16 November 2024

If you’ve completed your articleship, it shouldn’t become invalid as long as you can provide the stipend details ICAI requested. Share the necessary documents and explain the situation regarding irregularity due to health reasons.