Filing of form 112

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Querist : Anonymous

Querist : Anonymous (Querist)

03 November 2014 I registered articles in october13. At the time of registration my principal did not allow me to pursue any course.so i did not file form112. I took termination in august14. My new principal is allowing me to pursue graduation. My father knows degree college who are admitting in regular Bcom in november(late admission)with special consideration for
14-17 batch. Can i file form112 from 30days of admission to course in november?? Generally admission for regular candidates will be made in july,august month.in my case it is november. Will institute bother that point and levy of penalty from july to november?? Please help me

Querist : Anonymous

Querist : Anonymous (Querist)

03 November 2014 I completed first year of articles.My final attempt is due in may 16. I will complete degree in march17. Is it wise pursuing regular course now or shall i apply IGNOU A&F BCOM?? Dear experts please clarify my doubt regarding form112 submission and wise selection of graduation.

Querist : Anonymous

Querist : Anonymous (Querist)

04 November 2014 Can anyone help me out please.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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24 July 2024 Form 112, under the regulations of the Institute of Chartered Accountants of India (ICAI), pertains to the registration of articleship. Here’s how to address your concerns:

1. **Filing Form 112 Timeline**:
- According to ICAI regulations, Form 112 should ideally be filed within 30 days from the date of commencement of the practical training.
- In your case, if you are now eligible and wish to pursue regular B.Com studies starting in November, you should file Form 112 within 30 days from the commencement of your B.Com course.

2. **Late Admission Concern**:
- Normally, admissions for regular candidates in B.Com courses commence in July or August. Your admission in November is a special case due to considerations for the 2014-2017 batch.
- You should explain this situation clearly when filing Form 112. As long as you comply with the regulations and provide valid reasons for the delayed commencement of your practical training, the institute is likely to consider your application without penalties.

3. **Choosing Between Regular Course and IGNOU A&F B.Com**:
- This decision depends on various factors:
- **Timeframe**: Regular B.Com courses have a fixed schedule, while IGNOU offers flexibility in terms of timing and study pace.
- **Personal Preference**: Consider your ability to manage both articleship and studies effectively.
- **Future Plans**: Evaluate how each option aligns with your career goals and timeline for completing your CA exams.

4. **Submitting Form 112**:
- Ensure all details in Form 112 are accurate and complete.
- Attach necessary documents, such as admission proof and course details.
- Submit the form within the stipulated time frame to avoid any complications or penalties.

5. **Consultation**:
- If you have concerns about the specific application of penalties or any other regulatory issues, consider consulting with a qualified mentor or advisor within the ICAI framework. They can provide tailored guidance based on your individual circumstances.

By filing Form 112 promptly and providing clear explanations for the delay in commencement of articleship, you can navigate this process smoothly while pursuing your academic and professional goals effectively.

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