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Hetta Solanki

Hetta Solanki (Querist)

18 September 2013 Gmcs leave is payable or not?

Ajay Mishra

Ajay Mishra (Expert)

18 September 2013 Yes, it is very much payable and it will be count in your article ship.

Ajay Mishra

Ajay Mishra (Expert)

18 September 2013
LEAVE

The trainees earn leave at the rate of one - sixth of the period actually served by them. Leave due shall ordinarily be granted, if reasonable notice has been given to the Principal by the trainee. In order to prepare for the examinations of the Institute, the trainees shall be granted leave for two months or to the extent of leave due, whichever is less, provided an application for the leave has been made at least 15 days in advance. The days on which a trainee appears for the examination conducted by the Institute (including holidays) are counted as a period on duty. Regulation 59 regarding leave to an Articled Assistant and Regulation 74 regarding leave to Audit Assistant.

A trainee shall be treated on duty for a period of 20 days for undergoing 100 Hours Information Technology Training and for appearing in 3 hours online examination for the said programme. The Principal should also encourage trainees during the practical training to attend conferences, seminars,etc., relevant to the chartered accountancy course. Regulation 59(7) specifies that the attendance by a trainee, with the consent of the principal, at a conference, course or seminars organised by the Institute, including a Regional Council or a Students’ Association or a Branch of a Regional Council for the benefit of students, is treated as a part of the training period actually served.

The details of the Seminars/Conferences attended by the student should be submitted to the Institute alongwith the Diary /Summary Report of Diary on completion of the Training period. A trainee who takes leave in excess of the leave to which he / she is entitled is required to serve for a further period equivalent to the excess leave taken by him / her.

For more details, go to the following link:

https://www.icai.org/new_post.html?post_id=813

Ganeshbabu K

Ganeshbabu K (Expert)

18 September 2013 GMCS leave is taken as period actually worked in ca firm,,and not considered as leave
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Stipend on this leave is payable
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However it all depends on employer wish

Ganeshbabu K

Ganeshbabu K (Expert)

18 September 2013 Some employers will pay and some will not,,we cannot fight for this amount
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some employers will also pay half stipend amount at the time of leave taken for ca final also---it all depends on firms normal practise

Hetta Solanki

Hetta Solanki (Querist)

19 September 2013 Bt in institute rule its payable na?
So we cn claim for salary na?

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