Limit on no. of articled assistants

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yashsr (Querist)

31 July 2012 A Chartered Accountant holding membership no. and COP from 8th December 2010 enrolled his 1st article(intern) in June 2012. If his no. of years in Practice is 0-3 years, then he is entitled to 1 article and if it 3-5 years then 3 articles. Now the question, when does his 1st phase of 0-3 years finish? Does it complete on 31st December 2012 or does it complete on 8th December 2013? I heard Calendar year is taken into account but am not sure. Please advise.

CA Lokesh Pokharna

CA Lokesh Pokharna (Expert)

31 July 2012 i dont think but it should be exactly 3 years ....not calander years

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yashsr

yashsr (Querist)

31 July 2012 You mean calendar years or exactly 3 years?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)

31 July 2012 Year is counted from the date he became the member of the Institute and NOT on calendar year basis.

So, his 3 years will complete on 7 Dec 2013.

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