Transfer of articles in 1st year [Resolved]

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 March 2013 I have completed 8 months of articleship and due to unavoidable circumstances i have taken a leave of 3 months.
Due to non-coverage of all arenas of work and limited work scope, I want to apply for transfer of articleship.
If my principal intimates the institute about my leave,can my leave become a reason for not getting the transfer?
Will the institute restrict me from taking transfer?

Ajay Mishra

Ajay Mishra (Expert)
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30 March 2013 Hi

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

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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