Articleship
This query is : Resolved
23 December 2012
is it compulsory to open bank account for articleship stipend or cash can be accepted?
thanks in advance..
thanks in advance..
23 December 2012
Hi
The stipend under Regulation 45 shall be paid by the principal to the articled assistant either (a) by a crossed account payee cheque every month against a stamped receipt to be obtained from the articled assistant; or (b) by depositing the amount every month in an account opened by the articled assistant in his own name with a branch of the bank to be specified by the principal.
The cash stipend is not acceptable by article.
The stipend under Regulation 45 shall be paid by the principal to the articled assistant either (a) by a crossed account payee cheque every month against a stamped receipt to be obtained from the articled assistant; or (b) by depositing the amount every month in an account opened by the articled assistant in his own name with a branch of the bank to be specified by the principal.
The cash stipend is not acceptable by article.
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