Transfer

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Querist : Anonymous

Querist : Anonymous (Querist)

13 October 2012 i hav completed my degree so m eligible for taking ipcc under direct entry scheme....i had sent my application on 15 september 2012 to chennai for registration of ipcc n artcleship n till now i dont know whether m registered or not.. m working under a CA since 1 n half months....but now i want to take transfer from him for which his consent has also been obtained....so can anyone help me to know d procedure for transfer....

Ajay Mishra

Ajay Mishra (Expert)
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13 October 2012 Hi

Transfer/Termination of Articleship
[Regulation 56(1)]

In partial modification of the announcement dated 30th June 2009 regarding transfer / termination of articles the Council in its recent meeting has decided that the transfer/termination of articleship in terms of Regulation 56(1) of the Chartered Accountants Regulations, 1988 shall be permissible on
the grounds as stated below: -

I. Transfer /termination of articles is permitted without any restriction during the first year of articles.

II. During rest of the articleship period on satisfying any one or more of the conditions as stated below: -
1. Medical grounds requiring discontinuance of articles for a minimum period of three months (on production of a Medical Certificate issued by a Government Hospital).
2. Transfer of parent(s) to another city.
3. Misconduct involving moral turpitude.
4. Other justifiable circumstances / reasons: -
(ii) Grounds already permissible in the Chartered Accountants Regulations, 1988 (on submission of requisite proof of the act warranting transfer/termination of articleship): -
a. Industrial Training (Regulation 51)
b. Secondment of articles (Regulation 54)
c. Conversion from PCC to IPCC (for termination of articles only. Re-registration of articles to be allowed only after passing Group-I of IPCC)
d. Death of Principal [Regulation 57(1)(c)]
e. Ceasing of practice by the Principal [Regulation 57(1)(a)]
f. Removal of name of the Principal from the Register of Member due to any reason
[Regulation 57(1)(b)]

(iii) Marriage basis (only if there is relocation to another city involving distance of 50 kms).

(iv) Irregular payment or non payment of stipend with reference to Regulation 67.

(v) Articled assistant desires to serve balance period of training outside India.

(vi) Shifting by the Principal to another city involving distance more than 50 kms. The articled assistants are required to get the consent of the Institute before getting Form 109 signed by the Principal in their own interest.

The request, on any one or more of the aforesaid grounds, of an articled assistant on a plain paper alongwith the recommendation/ consent of the Principal for transfer / termination of articleship accompanied by evidence/proof (self-attested by the articled assistant) to the satisfaction of the Institute be made. Request for transfer not accompanied by consent of Principal shall not be accepted.

In case of dispute between principal and articled assistant, the matter be settled amicably among the articled assistant and the principal concerned and the Institute shall not interfere in such cases.

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Querist : Anonymous

Querist : Anonymous (Querist)

17 October 2012 sir but i dont know whether my application for registration for IPCC n artcleship is registered or not...i dont know my SRO number.....i think dey r still in pending....now should i send form 109 n should i wait till my SRO number cums...

Querist : Anonymous

Querist : Anonymous (Querist)

17 October 2012 sir i dont know whether my application for IPCC registration n articleship is registered or not....i dont know my SRO number...i think dey r pending...now should i send form no 109 or should i wait til my SRO number cums.....plz plz help me......does form no 109 require my registration number?

Ajay Mishra

Ajay Mishra (Expert)
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17 October 2012 Hi

First of all I will suggest you to get your registration number because when you file Form-109, the Institute can not update your transfer because your registration number will be missing on Form.

Take SRO number first.

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Querist : Anonymous

Querist : Anonymous (Querist)

17 October 2012 vide registration number is nothing but SRO number na sir??

Ajay Mishra

Ajay Mishra (Expert)
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17 October 2012 You have IPCC registration number. what is SRO number.

Querist : Anonymous

Querist : Anonymous (Querist)

30 October 2012 sir i got my temporary SRO number, so can i send those forms now?

Querist : Anonymous

Querist : Anonymous (Querist)

30 October 2012 sir i got my temporary SRO number, so can i send those forms now?

Ajay Mishra

Ajay Mishra (Expert)
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30 October 2012 Congratulation.....yes

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