would any one explain about secondment and its procedure
1 Replies
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 16 April 2010
54. Secondment of articled clerks
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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.
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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.
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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.
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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.
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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.
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During the period of secondment, the principal shall pay the stipend as provided under these Regulations.
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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.
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No deed of Articles need be executed for secondment nor any intimation need be sent to the institute in this behalf.
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