Mahalakshmi (Articles Assitant) (28 Points)
20 November 2011Can anybody help me in the procedures of termination of articles in the mid of the term and the suspension period, rejoining eligibility, exam eligibility. I am in my late 2nd year of articleship. By this december i will be in my 3rd year. My eligibility for exam is as of now at May 2012. I want anybody to help me thru this
Annu.R
(CA,CS,B.Com)
(2788 Points)
Replied 20 November 2011
Transfer/Termination of Articleship
[Regulation 56(1)]
In partial modification of the announcement dated 30th June 2009 regarding transfer / termination of articles the Council in its recent meeting has decided that the transfer/termination of articleship in terms of Regulation 56(1) of the Chartered Accountants Regulations, 1988 shall be permissible on the grounds as stated below:
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I. Transfer /termination of articles is permitted without any restriction during the first year of articles. |
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II. During rest of the articleship period on satisfying any one or more of the conditions as stated below: - |
1. Medical grounds requiring discontinuance of articles for a minimum period of three months (on production of a Medical Certificate issued by a Government Hospital).
2. Transfer of parent(s) to another city.
3. Misconduct involving moral turpitude.
4. Other justifiable circumstances / reasons: -
(ii) Grounds already permissible in the Chartered Accountants Regulations, 1988 (on submission of requisite proof of the act warranting transfer/terminatio n of articleship) : -
a. Industrial Training (Regulation 51)
b. Secondment of articles (Regulation 54)
c. Conversion from PCC to IPCC (for termination of articles only. Re-registration of articles to be allowed only after passing Group-I of IPCC)
d. Death of Principal [Regulation 57(1)(c)]
e. Ceasing of practice by the Principal [Regulation 57(1)(a)]
f. Removal of name of the Principal from the Register of Member due to any reason [Regulation 57(1)(b)]
(iii) Marriage basis (only if there is relocation to another city involving distance of 50 kms).
(iv) Irregular payment or non-payment of stipend with reference to Regulation 67.
(v) Articled assistant desires to serve balance period of training outside India.
(vi) Shifting by the Principal to another city involving distance more than 50 kms.
PROCEDURE
The articled assistants are required to get the consent of the Institute before getting Form 109 signed by the Principal in their own interest.
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.
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.
Attached File : 375104_865880_faq_on_articleship_and_industrial_training.pdf
Mahalakshmi
(Articles Assitant)
(28 Points)
Replied 21 November 2011
Thank you very much annu. It was very helpful...
jipson gonsalves
(-)
(30 Points)
Replied 23 November 2011
Annu.R
(CA,CS,B.Com)
(2788 Points)
Replied 24 November 2011
Mutual understanding is must between you and your Principal (signature of Principal)for transfer......prior approval from ICAI is not required in first year.........
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