Adjustment of excess leaves in articleship
Querist : Anonymous
My articleship period started from 22-10-2012 to be completed on 21-10-2015. I took transfer on 28-03-2013 and got myself registered back in another office on 01-04-2013, resulting to get my articleship to be completed on 24-10-2015(after taking into account the gap of 3days between termination & re-registration).
When I took transfer, I got a letter from ICAI saying I have excess leaves of 9days under my previous principal.
Will these extra leaves result in delay of my attempt? Will I still be able to give my provisional attempt of FINAL exams in MAY 2015?
Can these leaves be anyhow adjusted so that my attempt does not get delayed?
PLEASE DO REPLY SOON.
Think the BOX of 3 years now....if you take just and proper leaves with the New employer....this issue will get byepassed....Isn't it?
Tell me your version now....
Querist : Anonymous
Then I guess, to give my provisional attempt after 2.5 years of articleship, i.e. in MAY 2015, my allowed leaves should be around 130 days in total at both the places.. Right?
a small querry...Why you say 130 days???
Can you elaborate?
To me it is like...1 day leave for every 6 days worked.
Querist : Anonymous
3 years = 365 X 3 = 1095 days
Allowed leaves for 3 yrs= 1/6 of period served, let it be x.
So, x = 1/6(1095-x)
x = 156
Therefore, total allowed leaves for 3yrs=156
and for 2.5 years it should be= 156/3*2.5=130
I don't know if I'm reaching the right conclusion.
Do correct if needed.
Ref.- https://www.charteredclub.com/articleship-leaves-permissible-computation-icai-norms/
only adjustment is...if let us say fisrt year leave is 70.....then no. of days would be 365-70 = 295 which gets entitled for 6 days working....Am i confusing?
The underlined words are 6 days worked..
Querist : Anonymous
Total days in 2.5 years= 910 days.
If leaves are 130, then days worked=910-130=780 days.
1 leave for every 6days worked, so leaves allowed= 780/6= 130 days.
I hope I'm not very confusing to you.
Querist : Anonymous
still eligible for may 15 then, Thanks :)
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