Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Calculation of articleship period

Others 520 views 1 replies

purvi sanghavi

student

30 Points Posted on 05 December 2015

Can please any guide me in calculating in my articleship period. I had taken termination on 04th sept 2015 and I hv started serving under present principle from 01st dec 2015 (within 3mths) so will extension of articleship will apply? And will my attempt get delay?? Note: I hv completed 1 year 8 month and 23 days

Replies (1)

Ketan Kapoor

Audit

124 Points Posted on 05 December 2015

Dear Purvi,

First let us go throough the ICAI rules and then come to your point.

There is a rule that no transfer request will be accepted within 6 months and last year of articleship.

Coming to the point now, your articleship peiod would extend for the period of delay you made to join with your new employer from the date of transfer & as per ICAI rules, you will get to attempt your CA Fianl attempt only after completing 2.5 years of articleship (cumulatively, excluding the no. of days when you were not registered anywhere for your articleship), i.e. in last 6 months of your articleship training.

For Eg: if your articleship end on 30.9.2015, this means you can attempt CA Final exams for May 2016. Hope this would clear your doubt.