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!