Articleship stipend
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 May 2018
Experts - Just wanted to get your thoughts on this matter -- I've referred a friend of mine to a CA firm for doing his articleship and he got enrolled with that firm. 2-3 months passed by and the principal hasn't been paying stipend to the candidate and gives all "bs" excuses when asked for it. I suggested him to have a conversation which he did and I was shocked to hear that, the principal negotiates that he would pay 200 Rs every month in the form of stipend. Totally ridiculous!! It's a shame on their part and their profession to exploit the article students and not pay the "minimum" stipend amount fixed by ICAI. I have extremely high regards for all CAs and this esteemed profession, but I can't believe we have people like this as well!! I am really upset about this although I know there isn't much I can do here. However, I don't mind escalating this matter to ICAI if required. Before I do anything further, can you please advise if he can safely transfer his articleship to a different firm? I heard the Institute tightened the rules around the transfer. If you can please share your thoughts, that would be appreciated. Thank you!
23 May 2018
Try for transfer being free of conditions in 1st year of articleship.
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