Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Transfer of Articles

sandeep (student) (36 Points)

11 January 2008

hi,

please tell me whether transfer can be taken more than once, or is it restricted to only 1 time during the 3yrs period?

Reply
Follow
Share

6 Replies

Atul Maharao (100 Points)
Replied 11 January 2008

Hi ! There is a provision to take 3 transfers during the period of 3 years. However, one should restrict the no. of transfers as it gives a bad impression in ur portfolio. So be careful & think twice before u act. Bye !!!

Upgrade to CAclubindia Pro. Subscribe Now!

(Guest)

There is no limit to the number of transfers. I do not think it creates any good or bad impression. The bad imporession is that of our institute, which challenges our democracy. Institute doesnt have the solution to the following- The CA student registered with CA.... wants a transfer and the principal has refused to sign the transfer form. As per chartered accountants act, transfer is possible by- 1. mutual consent 2. death of prinicpal 3. opting for industrial training For a first year article, if there is no mutual consent and if he is wanting a transfer then the solution is to pray for the CAs death or to work with him without interest till he dies or signs form 109. I think you should ask the institute what a student can do in case his prinicpal refuses to sign form 109? As per the chartered accountants act there is no answer. In any case the prinicpal has no right to refuse. If student has a bad attitude prinicpal can tell him to leave, if he is good he should think good about him and let him go. Our institute and their memebers who refuse transfer are a bad impression in this regard.

(Guest)

ProcessWeaver developed portable Business Accounting Software solution ever made in the software industry. ProcessWeaver launched Business Champion for Indian small business. This will replace current Tally solution in India. Business champion is available for free on the web and you can download and instantly use it. You can download from https://www.processweaver.com/erp No Registration. Just Download and Install.

(Guest)

Is there any time limit for the completion of GMCS course after passing the final exam.

Ashish Kedia (CA) (737 Points)
Replied 12 January 2008

There is no restriction onto the number of times tht transfer can be taken. Howver ICAI is in the process of formulating a committee which will look into matters of transfers, etc. The objective of this committee will also be to reduce frequent transfers.