Form 112 before articleshipcomplete llb,mba very very urgent

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Querist : Anonymous

Querist : Anonymous (Querist)

01 September 2011 hi experts
i completed LLB in 2010 and after LLB
i am pursuing MBA(Correspondence)-LAST semster NOW
but today i m not article assistant
my articleship is about to start in October 2011.

i did not take permission of ICAI by filling form 112 for MBA,LLB
bcoz i didn't know about it
it can effect my ca carrer.
if yes,

Can i take permission for MBA-IV semster by form 112 today, is it delay in submitting form within prescribed period of 30 days

Querist : Anonymous

Querist : Anonymous (Querist)

01 September 2011 it's very very urgent
bcoz i wanna to register for article assistant and ca final

Plz help me sooon

Mohan Verma

Mohan Verma (Expert)

01 September 2011 file your form 112, don't delay because it is must
During the working hours, the articled assistant is not permitted to attend college/other institutions for pursuing any course including graduation. Accordingly, college timings of such course should not be such (after taking into account the time required to commute) which clash with the normal working hours of the articled training.

To ensure that the working hours do not clash with the graduation or any other course, if any, pursued by the articled assistant, each articled assistant registered on or after 1st April, 2008 shall now be required to obtain specific permission from the ICAI for pursuing graduation or other course as permitted under the Chartered Accountants Regulations by submitting Form No.112, within one month from the date of joining the college or course to the ICAI.

The articled assistant registered prior to 1.4.2008 and undergoing graduation or any other course and who has obtained specific permission shall not be required to obtain the specific permission from the ICAI by submitting Form No.112 and the permission so granted shall continue to be valid.

Period of Delay Condition(s) to be complied with by the student for condonation of delay in filing of Form 112.
Upto 1 year Condone the breach of Regulation 65 and enroll after three months from the date of the meeting at which a decision is taken for condonation.

More than 1 year but Condone the breach of Regulation 65 and enroll after six upto 3 years months from the date meeting at which a decision is taken for condonation.

More than 3 years but Condone the breach of Regulation 65 and enroll after one year upto 5 years from the date of the meeting at which a decision is taken for condonation.

More than 5 years but Condone the breach of Regulation 65 and enroll after two years upto 7 years from the date of the meeting at which a decision is taken for condonation.

More than 7 years but Condone the breach of Regulation 65 and enroll after two years upto 10 years from the date of the meeting at which a decision is taken for condonation as well as on completion of the Three Months’ Residential Course.

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