Articleship on secondment basis : Complete details

IPCC 7940 views 14 replies

Ankit 21 CA,CS,B.Com

3949 Points Joined July 2008

54. Secondment of articled clerks

A principal may, with the consent of the articled clerk, second from time to time the articled clerk to other member or members with a view to provide the articled clerk the opportunity of gaining practical experience in areas where the principal may not be in a position to provide the same.
The articled clerk shall be seconded only to a member who is entitled to train one or more articled clerks in his own right or to a member in industry who is entitled to train one ore more industrial trainees.
The member to whom the articled clerk is seconded will not be entitled to train more than two such clerks on secondment at a time.
The aggregate period of secondment shall nto exceed one year provided that the period served on secondment with any one member or his partner shall not exceed six months.
Where an articled clerk is seconded to a member in industry, the total period spent in industry by the articled clerk, including the period of industrial training under these Regulations, shall not exceed one year.
During the period of secondment, the principal shall pay the stipend as provided under these Regulations.
The principal shall keep a record of the training undergone during secondment and include its particulars in the report to the Council under regulation 64.
No deed of Articles need be executed for secondment nor any intimation need be sent to the institute in this behalf.

Replies (14)

CA Janak mehta

Article Assistant

55 Points Joined October 2009

is it really true that secondment is not required to discolse in institute , at the time of joining the same ???

CA RUPESH LOHADE

Practice

361 Points Joined January 2009

wat is the source for the above information

sandhya

27 Points Joined February 2010

but then there is a from for intimation... wht should exactly be done?

sandhya

27 Points Joined February 2010

but then there is a form for intimation... wht should exactly be done?

shivi sikka

PCC Student

26 Points Joined February 2010

During d secondment,who wl provide the stipend???the old principal or the new principal???

shivi sikka

PCC Student

26 Points Joined February 2010

If u r takin secondment in a partnership firm ,then it z necessary to be registered under al d partners in order to work for the maximum period of one year????

and if the form z signed by one partner then the period 4 trainin would be reduced to six months???

CA Praneet Agarwal

Chartered Accountant

103 Points Joined March 2007

Revised Regulation for secondment :-

Regulation 54 of the Chartered Accountants Regulations, 1988 is an enabling provision paving the way for students to acquire knowledge in one or more specific areas where their respective principals may not be in a position to provide the same.

Since, the Chartered Accountants Regulations, 1988 provide for catering to such needs of the students whereby a Chartered Accountant who is not able to provide the practical work experience in a particular area, may send his articled assistants on Secondment basis from time to time to other members. The relevant Regulation 54 is reproduced below for ready reference and information of the students.

1. A principal may, with the consent of the articled assistant, second from time to time the articled assistant to other member or members with a view to provide the articled assistant the opportunity of gaining practice experience in areas where the principal may not be in a position to provide the same.

2. The articled assistant shall be seconded only to a member who is entitled to train one or more articled assistants in his own right or to a member in industry who is entitled to train one or more industrial trainees.

3. The member to whom the articled assistant is seconded will not be entitled to train more than two such clerks on Secondment at a time.

4. (a) The maximum period of Secondment shall be one year which may be served with a single eligible member.

(b) The Council may permit Secondment with more than one such member provided the minimum period of Secondment shall be four months and the aggregate period served on Secondment with such members shall not exceed one year.

5. Where an articled assistant is seconded to a member in industry, the total period spent in industry by the articled assistant, including the period of industrial training under these Regulations, shall not exceed one year.

6. During the period of Secondment, the member with whom the articled assistant is seconded shall pay the stipend as provided under these Regulations.

7. The member with whom the articled assistant is seconded shall be responsible for imparting training during Secondment. He shall maintain records of practical training undergone by the articled assistant during Secondment and forward the same to the principal on completion of period of Secondment. The principal shall include required particulars in the report to the Council under Regulation 64.

8. A statement in the form approved by the Council shall be sent to the Secretary for records within thirty days from the date of commencement of training on Secondment.

Students desirous of availing the benefit under Secondment of Articles may contact their Principal with a request to arrange for Secondment of Articleship in an area where he may not be able to provide the practical work experience.

In case of any doubt / clarification, the Articles Section of concerned Decentralized office of the Institute may be contacted.

Source: https://www.icai.org/resource_file/16766newsletter_aug09.pdf

Guest

r u sure about that no need of information to be sent to institute

Guest

We are looking for Article Clerks for a reputed Audit Firm in Chennai. Good exposure to Accounts, Audit and other specialized areas. If you are interested, please revert.

You can also refer your friends.

NOTE: If you are completed or undergoing article, kindly refer your friends.

Thanks and Regards

Hema R

SSS Placement Consultants Pvt Ltd

Contact Number: 044-42127730/9841430083

Roston

student

24 Points Joined February 2009

There is a Form for Secondment. Still u say that no intimation need be sent to the institute in this behalf.

Can one take secondment during last year of articleship?

Guest

We are looking for Article Clerks for a reputed Audit Firm in Chennai. Good exposure to Accounts, Audit and other specialized areas. If you are interested, please revert.

You can also refer your friends.

NOTE: If you are completed or undergoing article, kindly refer your friends.

Thanks and Regards

Hema R

SSS Placement Consultants Pvt Ltd

Contact Number: 044-42127730/9841430083