22 November 2011
Ms. X has completed her Graduation and is now registered for CS Course. Here Articleship is also going on, which will get over in Jan 2012. Is it compulsory to submit Form 112 to the Institute? And can she take the signature of any partner of the firm in which she is registered for Articleship?
The articled / audit trainee cannot pursue any other educational or professional course during the period of articleship training except with the prior permission of the Institute.
Permission may be granted to an articled / audit trainee for pursuing one additional course of study at a time during the period of practical training.
However, the Council has granted general permission to trainees to pursue graduation course concurrently with Chartered Accountancy Course by students who have passed the Foundation Examination, as under :-
(i) That articled/audit assistants having joined the CA Course after passing the Foundation Examination shall generally be permitted to pursue graduation course concurrently with the CA Course without obtaining specific previous permission of the Council under Regulations 65 and 78.
(ii) That an articled/audit assistant pursuing graduation course concurrently with the CA Course shall not be permitted to join any other course until he/she completes his/her graduation course.
(iii) That for pursuing any other course of study (other than graduation course) the previous permission of the Council through filing of form 112 shall have to be obtained by the articled/audit assistants in accordance with Regulations 65 and 78.
Form 112 is required to be submitted within 30 days of joining the course with the recommendation of the principal, failing which you have to go for condonation of delay in non-submission of form.
CAclubindia
