Hey friends, i have mailed to Vinod Jain (member of the Central council of ICAI & also former chairman of Board Studies) regarding non-adherance of Regulation 60 (working hours of Article Trainees) of CA Regulations, 1988 by Practicing Chartered Accountants. Please read below regarding my correspondance through mail with him
"RE: RE: Non-Adherance of Regulation 60 of CA Regulations, 1988
Your e mail is not clear as no evidence or base is given please
Regards
CA VINOD JAIN
504 Chiranjiv Tower
43 Nehru Place
New Delhi 110019
India
Off:+91 11 26223712, 26226933, 26228410
Res:+91 11 23288101, 23265320
Mobile:+919811040004
From: [mailto:myearnings @ gmx.com]
Sent: 25 April 2011 09:15
To: Vinod Jain
Subject: Fw: RE: Non-Adherance of Regulation 60 of CA Regulations, 1988
----- Original Message -----
From: myearnings @ gmx.com
Sent: 04/21/11 06:27 PM
To: Vinod Jain
Subject: RE: Non-Adherance of Regulation 60 of CA Regulations, 1988
Dear Sir,
Please find the attached file which contains details of a few firms which are contravening Regulation 60 of CA Regulations, 1988. I request you to conduct investigation in this regard in respect of the firms mentioned in the attached file and take necessary action. Also please give a reply to me.
Regards,
CA Final Student
----- Original Message -----
From: Vinod Jain
Sent: 04/21/11 12:55 PM
To: myearnings @ gmx.com
Subject: RE: Non-Adherance of Regulation 60 of CA Regulations, 1988
Pl give us specific cases to enable us to take up
Regards
CA VINOD JAIN
504 Chiranjiv Tower
43 Nehru Place
New Delhi 110019
India
Off:+91 11 26223712, 26226933, 26228410
Res:+91 11 23288101, 23265320
Mobile:+919811040004
From: [mailto:myearnings @ gmx.com]
Sent: 21 April 2011 12:17
To: vinodjainca @ gmail.com
Subject: Non-Adherance of Regulation 60 of CA Regulations, 1988
Dear Sir,
I am CA Final Student. I have a serious grievance regarding Articleship.According to Regulation 60 of the CA Regulations, 1988-
"The working hours for the articled assistants should not exceed 35 hours in a week excluding the lunch break and normally an articled assistant be required to work during the normal working hours fixed for articled assistants. In case of the exigencies of work with the Principal, an articled assistant may be required to work beyond his/her normal working hours. However, under such circumstances, the aggregate number of working hours shall not exceed 45 hours per week. The requirement to work beyond 35 hours in a week should not be a practice but only in exceptional circumstances. Further, where the articled assistant is required to work beyond normal working hours, and aggregate of such hours exceed 35 hours per week, he/she shall be entitled to compensatory leave calculated with reference to number of completed working hours, over and above, 35 hours per week."
But unfortunately atleast 9 out of 10 CA Firms are contravening this Regulation. Generally, the minimum working hours in a CA firm for an Article Trainee are around 45 hours in a week (excluding lunch break). And in the audit season i.e., from May to September, the working hours goes well beyond 50 hours.
I agree that Articleship is a very important part of Chartered Accountancy. But at the same time, we should spend time for the preparation of our exams as well. Because, it is only when a student clears the exams he/she will become a Chartered Accountant no matter whatever the amount of Practical Knowledge he/she may have.
Hence I request you to take an immediate action in this regard.
Thanks & regards,
CA Final student"
Now Friends please tell what evidence i can provide to him. I find it strange that he is not aware of the working hours of Article Trainees in CA Firms.
I request the students and experts to give their views in this regard.
CAclubindia
