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Articleship transfer

18 May 2018

Hello all,
Is it possible to take transfer due to lack of work and exposure in a small firm after 1 year of articleship?
Does ICAI consider it?

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14 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 18 May 2018

NO NOT AT ALL

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 18 May 2018

HOWEVER , U HAVE OPTION OF INDUSTRIAL TRAINING

aradhana upadhyay (151 Points)
Replied 18 May 2018

okk, thank you

Divakar (Student CA Final ) (11857 Points)
Replied 18 May 2018

If principal give... Then i think its allowed.... But that case never happened... So go for industrial training in last year

aradhana upadhyay (151 Points)
Replied 18 May 2018

Actually principal is ready to give transfer, but since it doesn't satisfy any one of the prescribed conditions of ICAI regulations, I had a doubt

Divakar (Student CA Final ) (11857 Points)
Replied 18 May 2018

Supposed a case principal doesn't want to keep article due to they hv not any work... Then how can icai deny it... As everything depends upon principal consent... Once enquire about this in icai... Told him that ur principal want to give u transfer... What they said

aradhana upadhyay (151 Points)
Replied 18 May 2018

Ok I'll ask them also once. Thank you for your reply.

Divakar (Student CA Final ) (11857 Points)
Replied 18 May 2018

Hmm... Ask for that... If principal also doesn't want to keep article due to their poor performance how they could deny...

aradhana upadhyay (151 Points)
Replied 18 May 2018

Yeah that sounds reasonable. The only thing is about certain conditions, and ICAI is very strict about transfers. What I have heard is that they will allow transfer only when any one of those circumstances arise.

Divakar (Student CA Final ) (11857 Points)
Replied 18 May 2018

That restriction arisen when article want to take transfer... Principal can give transfer at any time... Ask about that or just deposit termination form with icai... See what they r asking

Shashank Saxena (Student CA Final ) (96 Points)
Replied 19 May 2018

I can help you out in this since i had taken transfer in my 3rd year of articleship.

Let me tell you first that there is no such thing like the principal doesn't want to keep his article due to his/her poor performance etc. etc. because articleship in itself means that you are in your learning phase so your principal can not expect expert knowledge from your side and hence ICAI is not gonna believe this.However principal can terminate your articleship under him only on one ground and i.e. misconduct involving moral turpitude and i am sure that you wont want this too.

So if you want to know how you can take transfer in your 2nd year of articleship without satisfying any condition then mail me on shashank.saxena @ outlook.in because i can not share such information here on a social media platform openly.

Divakar (Student CA Final ) (11857 Points)
Replied 19 May 2018

Haha... Why bro.... Share ur knowledge... Sabko kam aa jaega

Shashank Saxena (Student CA Final ) (96 Points)
Replied 19 May 2018

Bhai ICAI abhi bhi apna mai baap hai abhi usse openly pange nahi lene

Divakar (Student CA Final ) (11857 Points)
Replied 19 May 2018

Don't worry bhai... Icai will not trace u... They r not doing anything like that... Aise to sunil maggo sir ne openly annual day pe bol diya... Kya kar legi uska icai