Transfer
This query is : Resolved
16 May 2014
sir I wanna take transfer from my firm but my principle is asking me to refund my stipend ie he says that according to institute he has to pay only 1000 n nw he pays me 5000 so he is asking to refund 4000 n only then he will give me transfer ..... I have worked 9 months n m poor guy can't pay him that much but I wanna join another firm so plz can u'll help me
17 May 2014
U can easily take transfer without mentioning any reason during 1st year of articleship. N 1000/- is the minimum amount prescribed by ICAI. If he pays u 5000/- then he can't claim 4000/- as that was ur full stipend. If till then he do not agree for transfer then u can lodge a complaint against him to the ICAI.
17 May 2014
but remember, you cannot still force him to sign Form 109 against his will. And ICAI normally doesn;t intervene on stipend issue as long as it is equal or above the minimum sanctioned amount.
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