Articleship rules clarity - correct interpretation of rules

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Sunny

Accountant

33 Points Posted on 26 September 2011

I m sure many students pursuing their final stages of articleship would now have a clear idea of their eligible leave so far, their excess, how they can make good the excess leave taken and for what all they can claim credits.

https://indiapoint.net/ca/2008/10/31/articleship-certain-rules/#toc-7-stipend-during-leave

Replies (9)

CA ADITYA SHARMA

CA IN PRACTICE

14247 Points Posted on 26 September 2011

wonderful explanation

GAUTAM DEY

Be Patient Live Life

4813 Points Posted on 26 September 2011

Originally posted by : aditya(ca learner)
	wonderful explanation

Sunny

Accountant

33 Points Posted on 26 September 2011

This is my interpretation of the rules in the link above. Anybody who feels i m wrong somewhere can humbly correct me if i m wrong.

Taking an example for the month of August:

ABC works 7hours a day(excluding lunch hours) , 6days a week = 42hrs a week ( i.e. 7hours a week in excess of the institute's regulation of 35hours pr week)

ABC took leave on a weekday during the month.

Status of ABC at the end of the month:

1) ABC has completed 31 days of Articleship.

2) ABC is already eligible for 5 days of leave (i.e. 1/6th of actually served 30 days).

3) ABC can take credit for 28hours extra worked (i.e. 7hours per week * 4weeks).

4) ABC's total leave credit is 5days and 28 hours and therefore after apportioning his leave for 1 day he now has 5days and 21hours leave credit.

SANYAM ARORA

“It's hard to beat a person who never gi

10735 Points Posted on 26 September 2011

Thanks a lot.............!!!!!!

@ ! @

ARUN KUMAR

Financial Consultant

787 Points Posted on 26 September 2011

Thanks For Sharing......................

SAITEJA

none

22 Points Posted on 16 February 2012

That was so kind of u to explain it so clearly but wat doubt is that whether the period of articles training is 3 years or 31/2 years... please clarify

sweta

Student of CA Final NCFM

188 Points Posted on 16 February 2012

THANKS A TON

paraj kapoor

student

33 Points Posted on 16 February 2012

i hv a query... m a pcc student.. i had served under my First CA (i.e first employer) for 1 year & 6 months... due 2 his sad demise, beacause of which my training got automatically terminated, i served the remaining Articleship period of 2 years under Second Employer.... now, m gonna fill form 108 & 119 in some days... SHALL I FILL PARTICULARS (i.e. leaves taken, type of work undertaken, etc.) and get the forms signed for 2 years from my present employer or for a complete period of 3.5 years??