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Articleship extension query

(Guest)

My 3 year articleship is going to end on 18th Feb 2014. Total Leave Taken is 207 days. 1. Please let me know the number of EXTENSION/ EXCESS days that I am required to serve. f2. I am executing Form 107 w.e.f. 19th Feb 2014 so which date is to be specified in Form 108 as DATE OF COMPLETION? Please reply as soon as possible so that I can execute the supplementary deed with immediate effect. thanks in advance

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7 Replies

Sashikant Tripathi (Chartered Accountant) (218 Points)
Replied 17 February 2014

Leave allowed => (1095-207)/6 = 148 days. Actual leave taken = 207. Extension => 207-148=59 days. You have complete this extension period and only after that your training will be completed.

CA Final Student (Article) (27 Points)
Replied 28 April 2014

I hv completed my articleship on 10/2/2014. ther was no issue of extension from ma principal's side but aftr more than 60 days letter from institute came stating i have extension for a period f 4 days..n form 107 to b filed .can any1 help me wt the formalities..

(Guest)

Yes you have to re-execute Form 102 & 103 either with the same or different principal. Also, fill form 107 and send the same to the Institute. you can register for this extension period either with the same or different principal.

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CA Final Student (Article) (27 Points)
Replied 29 April 2014

Thanks alot Disha... but i have contacted the branch n the person told me to fill up form 102 103 n 108. not needed form 107. n she also said to do the franking for form no. 102. but as per the current norms franking has been stopped so i ll take 100 rs, stamp paper but m not getting what shud b done with the stamp paper ..either i shud get the form 102 printed on it or shud send the stamp paper blank ? i tried calling at the institute but they din reply the call since 2 days..

(Guest)

Hi Krishna.. I had also received a letter from the ICAI saying that I need to make the required changes in the original deed of articles as I had registered my extension even before any letter from the ICAI.

I spoke to a person in Kanpur as my regn no. is CRO.. So they said that I am not required to send orginal deed of articles as there has been no break in my articleship period. In your case, there is a break and you have to re-execute form 102 & 103 as I wrote earlier. Please re-confirm about the req. of Form 107 because as per my knowledge it is compulsory for any extension.

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CA Final Student (Article) (27 Points)
Replied 30 April 2014

Thanks Disha will send form 107 also. my concerned regional office is not responding thats the problem.. wher to ask any query they are least bothered. Anyways thanks