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Articleship Transfer

Karuna Sethi (CA) (838 Points)

14 June 2009

I hav just given my Pcc xams

I want to know whether we can take transfer from articleship.

Plz reply when can we change the articleship...

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18 Replies

CA CS Akashdeep Singh (Practicing CA) (1394 Points)
Replied 14 June 2009

Transfer of Articles

IMPORTANT ANNOUNCEMENT

The following decisions taken by the Council of the Institute are brought into force immediately for compliance by the Students / Members concerned. It is advised that required compliance be made by the concerned students / members. It may please be noted that non-compliance will be viewed seriously and proceeded against accordingly.

The coaching classes shall not continue after 9.30 a. m. or start before 5.30 p.m. so as to enable the articled/audit assistants to concentrate wholly on practical training.

Members of the Institute who are engaged in coaching be advised not to undertake coaching between 9.30 a.m. to 5.30 p.m.

An articled assistant should undergo practical training in accordance with the guidelines of the Institute between 10:30 a.m. and 5:30 p.m. During the period an articled assistant shall not be permitted to attend colleges/other institutions for graduation or any other course.

Every articled/audit assistant shall submit once in a year a specific declaration duly counter-signed by the Principal to the effect that the he is regularly attending training and his college hours do not clash with his articles timings and that no coaching is undertaken by him between 9.30 am and 5.30 pm on any working day. In the event of breach of this guidelines and not taking permission as required, the articles already undergone shall be de-recognised for such period as the Institute may decide.

Every articled/audit assistant shall be required to maintain mandatorily the Work Diary in the Form to be prescribed by the Board of Studies.

The Institute to call for at random training report alongwith attendance record and stipend details and also Work Diary maintained by articled/audit assistant from any member/firm in respect of any articled assistant at any point of time during the period of practical training for verification.

In case an articled assistant is found not undergoing articles in the manner prescribed he shall be debarred from appearing in the exam upto 3 consecutive exams besides cancellation of such period of articles. The concerned member who allowed such an articled assistant be subject to punitive action besides withdrawing either partly or fully his eligibility to train articled assistant. In Peer Review the Reviewer be required to verify whether training is imparted to the articled assistant in the manner prescribed.

No request for termination of articles is entertained from any articled assistant in general and more particularly during the first six months and also during the last twelve months of articles except as provided in the Regulations. In the event of termination, his articles shall not be registered in the same city.

No request of an articled assistant for termination (transfer) of articleship shall be considered unless his/her working parent(s) is/are transferred from the city/place where the articled assistant is receiving training to another city and a copy of transfer order / proof is submitted to the principal in proof thereof. On such termination the articled assistant concerned shall join articles training in and around the place of posting of his/her parent(s) and shall not re-register articles in the same city or within 50 Kms radius of the city where he/she has undergone articles prior to such termination.

If the articled assistant is not able to serve the articleship for specified genuine medical reasons thereby opting to discontinue the CA course for a period of at least three months, the termination of articles be permitted, provided that the medical grounds are such that warrant termination of Articleship.

In the event of misconduct involving moral turpitude, gross negligence or unsatisfactory performance of the articled assistant, his articles shall be liable to be terminated by his principal besides being cancelled or extended for such period as may be decided by the Institute. Board of Studies to decide and enumerate the acts constituting misconduct.

Termination of articles be permitted on such other justified circumstances as may be deemed genuine by the Council.

While forwarding the form no. 109 the principal shall state specifically the clause (the relevant clause mentioned above) under which the articles have been terminated.

Secretary

27th March, 2009

santhosh (Student) (1174 Points)
Replied 14 June 2009

without the two specific reason you cann't change.... please go through new Circular...

Zeeshan Haider (Article Clerk) (22 Points)
Replied 14 June 2009

what if i am getting the oppurtunity of better exposure in any other big

firm

Krunal Raichura (Financial Advisory) (2134 Points)
Replied 14 June 2009

Originally posted by :sweety
"	what if i am getting the oppurtunity of better exposure in any other big firm	"

There is no answer to this question in the ICAI regulations.

Transfer is possible only subject the regulations of ICAI.

Sandeep Ramankutty (Auditor) (163 Points)
Replied 14 June 2009

what blunder is this?

isha soni (c.a firm) (26 Points)
Replied 15 June 2009

this is really injustice done to c.a students. what if students not satisfied with exposure they are getting under his\her current employer??? Institute should give alternate solution to the students getting better exposure in other big firm. what if student want to take tranfer on any other ground ie..other than his\her parents transfer. please tell us solution to this problem if i want to take tranfer in other big firm where i'll be getting a good exposure but not in the same city?? will my transfer be considered valid??

Mohan Verma (Assistant Manager - Finance & Accounts) (4328 Points)
Replied 15 June 2009

Really this ICAI Rule is worse for Articles.

Nishant chauhan (student(FINAL)) (106 Points)
Replied 15 June 2009

i had signed a contract of 18 months(as against 42 months that my friends did) with my current principle due to which my articleship is on hold 4 the last 2 months...now that the exams are over i want to know whether i can join any firm or do i need to re-register with my old firm.....

isha soni (c.a firm) (26 Points)
Replied 15 June 2009

i have givn my pce exams this june what if i opt for industrial training?? what are the formalites with institute i.e is any kind of registration required with institute??

Mohan Verma (Assistant Manager - Finance & Accounts) (4328 Points)
Replied 15 June 2009

Last 9 to 12 months alloted for the period for Industrial Training.

That means atleast You must to comleate ur 2 year Articleship.

Mitsu M (Chartered Accountant) (78 Points)
Replied 15 June 2009

lets write to the vice president/president of the institute at vicepresident @ icai.org/president @ icai.org regarding this issue

nikita SHAH (chartered accountant) (194 Points)
Replied 15 June 2009

PLZ CONSIDER THE NEW RULES AS PER CIRCULAR. THAT MAKES HELL FOR ARTICLES.

CA CS Akashdeep Singh (Practicing CA) (1394 Points)
Replied 15 June 2009

Still u have one way

54. Secondment of articled clerks

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. During the period of secondment, the principal shall pay the stipend as provided under these Regulations.

7. 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.

8. No deed of Articles need be executed for secondment nor any intimation need be sent to the institute in this behalf.