Articleship Extension and transfer together.

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taniya kandari (Querist)
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03 February 2023 Can i serve my extension period under different principle ? if yes then what will be the consequences and procedure of doing so ?

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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06 July 2024 Yes, you can serve your extension period (supplementary articleship) under a different principal. This situation typically arises when your original principal is unable to accommodate your extension period or if you need to complete your articleship in a different location due to personal reasons or career preferences.

Here are the key points to consider and the procedure for serving your extension period under a different principal:

### Key Points to Consider:

1. **Approval from ICAI**: You must obtain prior approval from the Institute of Chartered Accountants of India (ICAI) for serving your extension period under a different principal. This involves submitting a formal request detailing the reasons for the change and providing necessary supporting documents.

2. **Transfer Procedure**: The transfer of articleship requires approval from both your current principal and the proposed new principal. They will need to sign a specific form provided by ICAI for transferring articleship.

3. **Documentation**: You will need to submit documents such as the transfer form, acceptance letter from the new principal, and any other documents required by ICAI to process the transfer request.

4. **No Objection Certificate (NOC)**: Sometimes, ICAI may require a No Objection Certificate (NOC) from your current principal stating that they have no objection to you transferring your articleship to a new principal.

### Procedure for Transfer:

1. **Application**: Prepare an application addressed to ICAI stating your request to transfer your articleship to a new principal. Include details such as your current articleship registration number, reason for transfer, and details of the new principal.

2. **Approval**: Submit the application along with supporting documents (transfer form, acceptance letter from new principal, NOC if required) to the ICAI regional office or branch where your articleship is registered.

3. **ICAI Review**: ICAI will review your application and documents. If everything is in order and meets their criteria, they will approve the transfer.

4. **Notification**: Once approved, ICAI will notify you and update their records with the details of your new principal.

### Consequences:

- **Delay in Completion**: Transferring articleship may lead to a delay in completing your articleship training and subsequently your eligibility for appearing in CA final exams.

- **Compliance**: Ensure all procedures and documentation are compliant with ICAI regulations to avoid any issues with your articleship completion or exam eligibility.

- **Principal's Approval**: It's important to obtain consent and cooperation from both your current and new principals to facilitate a smooth transfer process.

By following these steps and procedures, you can effectively serve your extension period under a different principal while adhering to ICAI guidelines and ensuring your CA journey progresses smoothly.

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