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Transfer Closed a rude behavior

Mohan Verma (Assistant Manager - Finance & Accounts) (4328 Points)

30 April 2009

I am doing my Articleship with "............" C.A. Firm karol bagh and done

ONLY the AUDIT of VISHAL RETAIL LTD. and nothing more during my 15 months Articleship

I want to change this firm after my PCC Exam (Nov. 09)

but the Institute says no transfer after 30.04.09

In this case what will I have to do............????????

mail me a suggestion at k.mohan21h @ yahoo.com

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20 Replies

CA. Rajeev Aggarwal (Chartered Accountant) (3424 Points)
Replied 30 April 2009

secondment can be the solution

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Mayank Ahuja ("Learner") (586 Points)
Replied 30 April 2009

is secondment is legal???

v@m$h! (CA - Final and CS - Final) (1473 Points)
Replied 30 April 2009

It is legal and it should not exceed 1 year

sumit (CA student) (203 Points)
Replied 30 April 2009

hi...thanks vamshi for your reply....i was also a little confused about secondment....i was not sure if it was legal or not....i also hv a similiar kind of problem in my firm i.e. lack of quality work....nw i guess secondment is also an option for me apart from industrial training....bt i'll try to do that next yr after my ca final exams....if only my ca allows me to go for secondment....otherwise industrial training would be the only option.

Mohan Verma (Assistant Manager - Finance & Accounts) (4328 Points)
Replied 30 April 2009

Originally posted by :CA. Rajeev Aggarwal
"	secondment can be the solution	"

sorry??? but what is secondment.

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Registering yourself under an auditor's firm and working in another audit firm.dats secondment

MUNISH SHARMA (STUDENT CA-FINAL) (346 Points)
Replied 30 April 2009

HEY FRNZ !!!! PLZ TELL ME BOUT THIS !!! IS SECONDMENT LEGAL FOR ONE YEAR OFFICIALLY.I MEAN THE SECOND FIRM IN WHICH WE ARE NOT REGITERED CAN SHOW ATICLE'S NAME IN ITS BUKS AS AN EMPLOYEE?. IN OTER WORDS, I MEAN TO SAY THT "CAN THE SECOND FIRM SHOW OUR NAME WITHOUT ANY HESITATION IN ITS BUK?CAN IT POSE ANY THREAT BY ICAI TO ARTICE DOING SO?"PLZ REPLY IN DETAIL , SIR !!!!!!!!

MUNISH SHARMA (STUDENT CA-FINAL) (346 Points)
Replied 30 April 2009

v@m$h! (CA - Final and CS - Final) (1473 Points)
Replied 30 April 2009

A principal may, with the consent of the articled clerk, second from time to time the articled clerk to other member or members with a view to provide the articled clerk the opportunity of gaining practical experience in areas where the principal may not be in a position to provide the same.
The articled clerk shall be seconded only to a member who is entitled to train one or more articled clerks in his own right or to a member in industry who is entitled to train one ore more industrial trainees.
The member to whom the articled clerk is seconded will not be entitled to train more than two such clerks on secondment at a time.
The aggregate period of secondment shall nto exceed one year provided that the period served on secondment with any one member or his partner shall not exceed six months.
Where an articled clerk is seconded to a member in industry, the total period spent in industry by the articled clerk, including the period of industrial training under these Regulations, shall not exceed one year.
During the period of secondment, the principal shall pay the stipend as provided under these Regulations.
The principal shall keep a record of the training undergone during secondment and include its particulars in the report to the Council under regulation 64.
No deed of Articles need be executed for secondment nor any intimation need be sent to the institute in this behalf.

It is from ICAI SITE

https://www.icai.org/post.html?post_id=788