Form 112

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NIMISHA (Querist)

13 October 2011 Hello Sir,
I have registered for my articleship on 23/08/2011. & for M.Com (distance mode) on 30/08/2011. As regards Form 112, what is the late fee & the DD is payable in whose name? Also do i require a letter from my employer.. Please help, Itz urgent
Thank You

Mohan Verma

Mohan Verma (Expert)

14 October 2011 Permission for pursuing a course alongwith articleship [Regulations 65 & 78, Form
112]. Regulation 65 of the Chartered Accountants Regulations, 1988, reads as under.
“Without the previous permission of the Council, obtained on application made in the approved form, no articled assistant shall, during the period of his service as an articled assistant, take any other course of study or training, whether academic or professional, or engage in any business or occupation.”

It has been noticed that the students/articled assistants have not been adhering to the requirements of the aforesaid Regulations while pursuing another course alongwith articleship and have been declaring such a fact while applying for enrolment as a Member of the Institute and seeking condonation for Breach of Regulation 65/78 for having not taken the permission at the appropriate time.

The Executive Committee while considering such cases insisted that students/articled assistants to pursue only one course alongwith articleship, even that be a graduation course and seek permission of the Council by filing of Form 112 duly certified by the
Principal i.e. Chartered Accountant and the Principal of the College concerned within 30 days of taking admission.

The Executive Committee has further noted that the additional course(s) has / have been pursued by the students / articled assistants in violation of the provisions of Regulation 65 / 78 and directed that all requests be dealt with, in terms of the guidelines

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