Hi friends............
please clarify some questions:
!. while calculating period of articleship , do i need to deduct leave taken ?
i mean ? period of serving should be calculated or the period of artcleship?
2. i need to know the above given point to determine whether i m eligible for industrial training or not ?
following is my articleship period :
3/10/2007 -3/11/2007
19/12/07 - 10/03/08
11/03/08 -15/06/09
25/01/2010 -upto date
Thanx & Regards!!!
mahendra singh jhala
(pcc)
(56 Points)
Replied 25 November 2010
EXAMPLE
YEAR YOU COMPLITATE =2
LEAVE YOU TAKEN =50 (EXCLUDIN SUNDAY AND OTHERS )
2*365= 730
730-50= 620
620*1/6 =133 (ONE SIXTH OF TOTAL YOU SERVE ) YOU TAKE 133 TOTAL
CA.kaya
(Chartered accountant)
(3990 Points)
Replied 25 November 2010
yes mahendra is correct its one sixth of total period served ..
Ajay Mishra
(Company Secretary)
(74332 Points)
Replied 26 November 2010
Hi
Leave/Working hours for articled assistants
A trainee earns leave at the rate of one–sixth of the period actually served by him. An articled assistant shall work 35 hours per week. The articled assistant should undergo practical training in accordance with the guidelines of the Institute between 11.00 a.m. and 5.00 p.m. During the period, the articled assistant shall not be permitted to attend colleges/other institutions for graduation or any other course. Every articled/audit assistant shall submit, once in a year, a specific declaration duly countersigned by the Principal to the effect that he is regularly attending training and his college hours do not clash with his articles timings and that no coaching is undertaken by him between 11.00 a.m. and 5.00 p.m. on any working day.
The office hours of the principal for the articled assistants shall not be generally before 9.00 a.m. or after 7.00 p.m.
The normal working hours for the articled assistants shall not start after 11.00 a.m. or end before 5.00 p.m.
If the exigencies or nature of training so warrants, the articled assistant shall work beyond the normal office hours. However, the maximum working hours for the articled assistant should not exceed normally 35 hours in a week excluding the lunch break and in any case or circumstances should not exceed 45 hours per week. In case the articled assistant is required to work beyond 35 hours per week, he is entitled to compensatory leave calculated with reference to the number of completed hours worked over and above 35 hours per week. The principal shall ensure long working hours are not imposed on the article assistants on a regular basis and only in case of exceptional circumstances where time bound work is to be delivered the articled assistants may be required to work longer hours which will still be subject to a maximum of 45 hours per week. The principal shall be free to allow compensatory leave or off hours in lieu of extra working beyond 35 hours.
CA. Gaurav Sharma
(Manager - Financial Control)
(109 Points)
Replied 27 November 2010
For Industrial Training, there should be minimum 9 months and maximum 12 months of articleship be pending.
This period period also includes extension.
CA. Gaurav Sharma
(Manager - Financial Control)
(109 Points)
Replied 28 November 2010
Lovely, don't call me sir.
I am too young to be called sir.
Alex Fernandes
(PCC STUDENT)
(186 Points)
Replied 12 January 2011
TO join industrila training one has to clear PCC am i right but suppose he has not cleared PCC and in his last 12 months he wanted to go for industrial taining as he has good practical experience in audit,accounts,tax ,vat,sales tax,return filing,roc fiing and other various retunes .
please let me know
one of my friend is facing a similar problem
CA. Gaurav Sharma
(Manager - Financial Control)
(109 Points)
Replied 13 January 2011
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