vinayak bhoote (Consultancy Services) (57 Points)
22 March 2012HI,
I ve registered for final and articleship on Feb 22, 2012. I ve not yet got the registeration certificate nor the ID card from the Institute. I wanted to know whether i can take a transfer and work with another CA in the same city(Bangaloe), the reason being for gaining more exposure. some one pls let me know if this is possible and whether the institute will object this?
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 22 March 2012
Hi
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: -
I. Transfer /termination of articles is permitted without any restriction during the first year of articles.
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/termination 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. 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 alongwith 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.
priya prasd
(article)
(23 Points)
Replied 23 March 2012
hello,
i have taken transfer from one firm to anothere but there is gap between my leaving of my old firm and joining of new firm. so is there will be any problem ? Is my attempt will be delayed due to this gap?
plz pry..
priya prasd
(article)
(23 Points)
Replied 24 March 2012
thank you so much sir. sir but i want to discuss my problem in detail. sir actually i joined my aricleship on 19th october ,2011.. so acordingly my attempt for c.a final xam iz may 2014. but sir i left my 1st firm on 29th feb2012 and joined new firm on 21st march2012.. so theer is a gap of 20 days in between my leaving n joining of new firm. so is my c.a final xam 1st attempt will be dalayed due to this gap.? is my c.a final 1st attemt will b due in november2014??
sir please tell me how the c.a final xam 1st attempt will be calculated in my case?? please rpy..
thank you..
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 24 March 2012
Hi
priya prasd
(article)
(23 Points)
Replied 24 March 2012
thank you so much sir for your valuable rpy.. but sir i m an ipcc student, so sir the way u have calculated the c.a final xam 1st attempt for pcc student, is the same will be calculated for ipcc student also?
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