Transfer from articleship durin 2nd year

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Querist : Anonymous

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08 July 2013 Due to financial problem in mumbai i am unable to continue my articleship in mumbai & i want to transfer to my home city allahabad bcoz i can't bear expenses now so wat i would do plz suggests me to get transfer.
My boss is ready to sign on my termination. so there is a mutual consent.

08 July 2013 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

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08 July 2013 Wat i can do for my problem plz suggests me particularly so that i can easily get transfer bcoz i can't bear future expenses in mumbai & i want to shift my home town to serve my balance articleship period

08 July 2013 Read point no.4.

If your reason is justifiable, then Institute can grant you approval for transfer.

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Querist : Anonymous

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08 July 2013 my 1 year of articleship is completed on 21.05.2013 & if get it signed it my boss on 15.05.2013 and submit it to icai with late fees,so how this possible.

08 July 2013 Hi

Yes, very much possible. You principal signed Form-109 for before the end of one year of article ship.

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Querist : Anonymous

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08 July 2013 so if i submit this form now how much late fees i have to pay to icai

08 July 2013 It will be rs. 100/- if late is with in one month.

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Querist : Anonymous

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08 July 2013 whether institute accept my back dated transfer letter signed by my boss if i submit it by tomorrow

08 July 2013 Yes, they can take your form.

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Querist : Anonymous

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08 July 2013 Can i have to give any application also why should i am submitting my termination letter late & if yes than wat reason i will mention

08 July 2013 There is no need to give any reason, you just simply said that you or principal is not available with in time.

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Querist : Anonymous

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08 July 2013 at what name i have to make dd & i have to directly send it to delhi na

08 July 2013 The requests for condonation should be accompanied by the appropriate forms, alongwith prescribed fee, by way of Demand Draft/Local Account Payee Cheque, drawn in favour of The Secretary, The Institute of Chartered Accountants of India, payable at the cities where the Decentralised Offices of the Institute are located.


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