05 April 2015
sir,
I have taken secondment of Articleship it is my 2 nd year of Articleship and I want to get permanent transfer to my secondment principal is it possible during secondment plz give me proper guidance
14 July 2024
Transferring your articleship during a secondment arrangement can be a bit more complex compared to a regular transfer. Here are some steps and considerations to guide you through the process:
### 1. Understand Secondment and Transfer Rules:
- **Secondment:** This is a temporary arrangement where you work under another principal for a specified period, usually to gain specific experience or exposure.
- **Transfer Rules:** According to the Institute of Chartered Accountants of India (ICAI) guidelines: - A transfer of articleship during secondment is possible, but it requires approval from both your current principal (where you are seconded) and the principal you wish to transfer to permanently.
### 2. Steps to Request Transfer:
- **Communicate Early:** Discuss your intention to transfer permanently with both principals as early as possible.
- **Obtain Consents:** Obtain written consent from your current secondment principal agreeing to your permanent transfer. Simultaneously, secure consent from the principal you wish to transfer to.
- **Documentation:** Prepare a formal request letter for transfer, including: - Your reasons for the transfer. - Consent letters from both principals. - Updated articleship registration form (Form 109) with details of the new principal.
- **Submit to ICAI:** Submit the complete transfer application along with supporting documents to the ICAI regional office for approval.
### 3. Considerations:
- **Timing:** ICAI may have specific timelines and deadlines for processing transfer requests. Ensure you comply with these timelines to avoid delays.
- **ICAI Approval:** The transfer application must be approved by ICAI. They will assess the validity of the reasons for transfer and ensure compliance with regulations.
- **Impact on Training:** Consider how the transfer may impact your overall training and experience. Ensure the new principal can provide the necessary exposure and training required for your articleship.
### 4. Seek Guidance:
- **Consult ICAI Guidelines:** Refer to ICAI’s Articleship Regulations and Guidelines for detailed procedures and requirements for transfer during secondment.
- **Professional Advice:** If needed, seek guidance from a mentor, senior colleague, or a counselor at ICAI for assistance with the transfer process.
### Conclusion:
Transferring your articleship during secondment is possible but requires careful planning, communication with both principals, and adherence to ICAI’s transfer procedures. Start the process early, gather all required documents, and follow the steps outlined by ICAI for a smooth transition to your new principal.
CAclubindia
