Articleship period calculation

This query is : Resolved

Johnson Anthonidas (Querist)
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08 July 2013 MY PRINCIPAL IS OF OPINION THAT SUNDAYS SHOULD NOT BE TAKEN INTO CONSIDERATION FOR CALCULATION OF TOTAL PERIOD SERVED BY THE TRAINEE ie. LEAVE TAKEN & SUNDAYS SHOULD BE DEDUCTED FROM PERIOD OF ARTICLESHIP AND THEN 1/6 SHULD BE DONE
SUPPOSE MY LEAVE IS 160 DAYS
BECAUSE OF SUNDAYS THERE IS 20-30 DAYS EXCESS ACCORDING TO MY CALCULATION

SO PLEASE PROVIDE ANY ICAI LINK THAT CLEARLY STATES SUNDAYS ARE ALLOWED AS HOLIDAY WHILE CALCULATION OF PERIOD SERVED BY THE ARTICLE

PLS HELP

Ajay Mishra

Ajay Mishra (Expert)
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08 July 2013 Hi

Sunday will be taken as leave.

For Example:

ILLUSTRATIVE CASES OF COMPUTATION OF LEAVE FOR 3 YEARS OF ARTICLESHIP TRAINING

A. Total number of days served (365×3) 1095
Days
B. Less: Total leave taken (other than weekly
holidays) 190
C. Actual Period served 1095
D. Entitlement of leave (1/6th of the actual
period served) (1095/6) 183
EXCESS LEAVE: (B - D) 7

Ajay Mishra

Ajay Mishra (Expert)
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08 July 2013
LEAVE

The trainees earn leave at the rate of one - sixth of the period actually served by them. Leave due shall ordinarily be granted, if reasonable notice has been given to the Principal by the trainee. In order to prepare for the examinations of the Institute, the trainees shall be granted leave for two months or to the extent of leave due, whichever is less, provided an application for the leave has been made at least 15 days in advance. The days on which a trainee appears for the examination conducted by the Institute (including holidays) are counted as a period on duty. Regulation 59 regarding leave to an Articled Assistant and Regulation 74 regarding leave to Audit Assistant.

A trainee shall be treated on duty for a period of 20 days for undergoing 100 Hours Information Technology Training and for appearing in 3 hours online examination for the said programme. The Principal should also encourage trainees during the practical training to attend conferences, seminars,etc., relevant to the chartered accountancy course. Regulation 59(7) specifies that the attendance by a trainee, with the consent of the principal, at a conference, course or seminars organised by the Institute, including a Regional Council or a Students’ Association or a Branch of a Regional Council for the benefit of students, is treated as a part of the training period actually served.

The details of the Seminars/Conferences attended by the student should be submitted to the Institute alongwith the Diary /Summary Report of Diary on completion of the Training period. A trainee who takes leave in excess of the leave to which he / she is entitled is required to serve for a further period equivalent to the excess leave taken by him / her.

Johnson Anthonidas

Johnson Anthonidas (Querist)
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08 July 2013 AS PER MY PRINCIPAL CALCULATION

ARTICLESHIP DAYS (365*3) 1095
LESS:-HOLIDAYS(LETS SAY) 160
LESS: SUNDAYS 48*3 144
DAYS SERVED 791
ENTITLEMENT OF LEAVE(791/6) 131
EXCESS LEAVE 28

KINDLY PROVIDE INSTITUTELINK WHICH SAYS SUNDAYS ALLOWED AS HOLIDAY

Ajay Mishra

Ajay Mishra (Expert)
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08 July 2013 Give id i will send you training module given by ICAI on calculation of leave.

Online classes for CA CS CMA