Form 108

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 March 2013 Sir,

I m student of PCC my articleship completed in April'11 but i have to drop study due to some reasons and now i want to submit form 108 and want to give further exam.i want to know that is there any problem to submit form 108 late.will institute accept my form or not?

Ajay Mishra

Ajay Mishra (Expert)
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13 March 2013 Hi

Upon completion/termination of articles, the relevant Form 108/109 and the Report
of Practical Training format as specified in the Training Guide that may be in force
should be duly signed by any partner and/or MIT of the firm and the articled
assistant concerned.
All articled assistant, members and firms are required to comply such procedure
for compliance.

Ajay Mishra

Ajay Mishra (Expert)
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13 March 2013
Levy of fee for dealing with applications for condonation of delay in filing various forms as required under Chartered Accountants Regulations, 1988

Regulations 46(2)/69(2), 46(3), 58, 65/78, 11, 19, 190(7) provide for time limits within which various Forms prescribed under these Regulations are required to be filed with the Institute.

Provision for condonation of delay in filing the prescribed Forms also exists under the above Regulations. The Council of the Institute decided that Form Nos. 108 & 114 required to be filed under Regulations 50, 61(1), 71 & 75 should be filed within a period of 30 days from the date of completion of articled/audit training.

The Institute has been receiving requests for condonation of delay in filing various forms. Of late the number of such requests has been on rise indicating increased incidence of noncompliance and resultant inconvenience to the members and the students themselves. The request entails putting in avoidable time and effort at the Institute level for processing such requests for condonation.

Ajay Mishra

Ajay Mishra (Expert)
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13 March 2013 Delay Filing Fee for Filing of Form-108:

Up to 30 days: Rs. 100/-
From 31 days to 180 days : Rs. 300/-
From 181 days and above: Rs. 1000

The requests for condonation should be accompanied by the appropriate forms, alongwith prescribed fee, by way of Demand Draft/Local Account Payee Cheque, drawn in favour of The Secretary, The Institute of Chartered Accountants of India, payable at the cities where the Decentralised Offices of the Institute are located. The applicants are requested to enclose all
relevant information/documents necessary for condonation, alongwith the fee.
The Council also decided about the delegation of authority for condonation at various levels as under:

Period of delay Authority

Upto 6 months DCO Head

6 months to 1 year Secretary

Above 1 year wherever applicable Vice- President/President

The above has come into force w.e.f. 1st April, 2002.

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