Articleship & extention
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 December 2012
Dear Members,
I am a IPCC Student.
I am about to complete my articleship of 3 years.
I have taken total leave of 201 days (including 123 days for CA final Examination).
Also i have earned a credit of 63 days during my 3 years articleship period.
Now, do i have to serve any extention??
Kindly provide complete details.
Thanks.
I am a IPCC Student.
I am about to complete my articleship of 3 years.
I have taken total leave of 201 days (including 123 days for CA final Examination).
Also i have earned a credit of 63 days during my 3 years articleship period.
Now, do i have to serve any extention??
Kindly provide complete details.
Thanks.
02 December 2012
Your net leaves according to your information is 138(201-63).Assume these leaves excluding of Saturdays, Sundays and any public holiday as per ICAI. According to the regulations of ICAI you are eligible for 160 leaves in your 3 years articleship period. So your leaves is with in the limit of eligibility leaves as per ICAI. so no need to serve for any excess days of articleship.
How shall compute the eligibility leaves. By the following formula we will compute eligibility leaves.
Eligibility leaves = (Total required days of service-Total Net leaves)/6
Here = Total required days of service means no. of days in your service period i.e 365*3 = 1095
Total Net Leaves = Total leaves by you - credit allowable leaves = 201-63 = 138
Thus eligibility leaves for you is
(1095-138)/6 = 957/6 = 159.6(assume 160).
OM SAI SRI SAI JAI JAI SAI
How shall compute the eligibility leaves. By the following formula we will compute eligibility leaves.
Eligibility leaves = (Total required days of service-Total Net leaves)/6
Here = Total required days of service means no. of days in your service period i.e 365*3 = 1095
Total Net Leaves = Total leaves by you - credit allowable leaves = 201-63 = 138
Thus eligibility leaves for you is
(1095-138)/6 = 957/6 = 159.6(assume 160).
OM SAI SRI SAI JAI JAI SAI
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