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Ca final exam agreement

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This query is : Resolved

CA Rakesh Ishi (Querist)

22 September 2014 I am doing my articleship in a small firm. and my ca final attempt is in may 2015, I asked my principal for exam leave of 6 months he denied it stating that he will allow me for 3 months for both the group. I requested him I'm ready to extend my articleship for extra leave period. But he didn't agree with that also and put further conditions that he will grant me 6 months leave but I have to clear both the group in first attempt if not then I have to work for 1 year as articleship under him under a written agreement. As a principal can a CA do this with his article students and will this be a valid agreement??? Please suggest your opinion on this.. It will be very helpful for me. Thanks for your comments.

Nikhil Kaushik

Nikhil Kaushik (Expert)

22 September 2014 no it wont be a valid agreement. but please note that your demand for six months also is not within ICAI regulations...regulations give permission for 3 months

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