06 April 2012
I HAVE JOINED A FIRM WHICH HAS ONLY WORK OF INTERNAL AUDIT OF LOGISTIC COMPANIES AND I GET FRUSTRATION FROM IT AS MY FAVOURITE AREA IS INCOME-TAX AND ONLY TDS RETURN AND ORIGINAL RETURN FILING IS THERE. I AM CONFUSED WHAT TO DO WHETHER I SHOULD TAKE TRANSFER AND ALSO KNOW HOW TO SELECT FIRM AS PER MY REQUIREMENT?
Guest
Guest
(Expert)
06 April 2012
If you have not completed 1st year of articleship then you can take transfer freely..if you have completed then you have to take prior approval of the institute.some of my friends wrote a letter to the institute that in order to learn more they needed transfer and Institute approved it.
Next while choosing a firm assure yourself that the firm has enough work in all areas.also while giving interview you can tell them your area of interest. All the best
06 April 2012
Transfer/Termination of Articleship [Regulation 56(1)] In partial modification of the announcement dated 30 th 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. 2 nd July 2010 Secretary
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