Termination of articleship

Articleship 355 views 2 replies

Bella Steve

Article Assistant

25 Points Joined August 2014

Dear Friends,

I started my articleship under direct entry scheme 1.5 years ago. But now i am not able to survive with increased cost of living in the city.Mainly I was depending on my family for meeting the expenses.But due to some financial problem, my parents are not in a position to help me. Moreover they need my help in the current situation.
Please help me in termination for a temporary period so that i can go back to native place which is in another city and soon after i need to complete my articleship and fulfil my dream. My pricipal is also well convinced. I would like to know if the above reason would be valid from Institute point of view.
Looking forward for qiuck response.
Thanks in advance

Replies (2)

CA Himanshu Bansal

Risk Manager

2345 Points Joined April 2008

Hi,

Your concerns for your family are appreciable. I wish for the things to be good with you very soon.

Please see the grounds on which transfer is allowed by ICAI in 2nd and 3rd year of articleship in the following link :

https://220.227.161.86/19592announ10698.pdf

Check if your case fulfills any of the grounds.

Further I wanted to know whther you want termination of articlehsip or transfer of articlehsip to your hometown to another CA ?

Bella Steve

Article Assistant

25 Points Joined August 2014

Thanks for your suggestion
I had gone through the guidelines once. But my situation does not comes in that list. But i read in the 4th point "Other justifiable circumstances/reasons". Whether institute will allow me under that category?
Moreover i prefer termination for a temporary period. Because my sitation does not allow me to take transfer.