Paid-leave during articleship

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 November 2013 I have started my articleship on 1/9/2012. It will end on 31/8/2015. My question is how much leave is available during that period? Whether that leave is paid leave? If it is a paid leave, then whether it is binding on principle to pay stipend?

Ajay Mishra

Ajay Mishra (Expert)

11 November 2013 You will received stipend on eligible leave that is 1/6th of total article ship.

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

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