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Urgent query (termination of articeship)

krina (student) (1263 Points)

22 February 2015

Dear sir/ Madam,

one of my friend has just taken terminated his articles in 2nd year on temporary grounds and now wishes to give his pending Ipcc group 2 .

Can he do so ? please repl asap.

Thanks a lot in advance

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7 Replies

J. K. Ratan (Compliance Advisor) (794 Points)
Replied 23 February 2015

Dear Krina

He could attempt his IPCC exams no restrictions for the same.

But he will have to serve his remaining training period before apearing in ca final examinations (i.e 2.5yrs out of 3yrs)

krina (student) (1263 Points)
Replied 23 February 2015

thanks alot;-)

J. K. Ratan (Compliance Advisor) (794 Points)
Replied 23 February 2015

You Most Wellcome........

krina (student) (1263 Points)
Replied 23 February 2015

One last question sir,

Can he rejoin in 2 year of articleship after termination ? and if yes, then what is the time gap required for rejoining after termination.

Thanks alot in advance;-);-)

J. K. Ratan (Compliance Advisor) (794 Points)
Replied 24 February 2015

Dear Mam....

ICAI don't use special word i.e 1st , 2nd or 3rd year.

This is three years mandate training that's mean (365*3) = 1095 days

Less:- Time for study (6*30)) = 180 days

will have to serve in training 915 days

befor apearing in final examination

I hope u get my point.

krina (student) (1263 Points)
Replied 25 February 2015

Agreed sir now i just wanted to knw about rejoining thing.

can my frnd rejoin now and is he required to join again in same firm?

thanks alot once again in advance sir

J. K. Ratan (Compliance Advisor) (794 Points)
Replied 25 February 2015

Dear frnd

if your friend already got signed the form 109 from their principle and submited to ICAI than he will have to refiled form 102, 103 and 112 with new principle.

If he has taken termination without informing their old principle or informing but without getting signed for 109 or informing principle and getting form no. 109 signed but not submited to icai can rejoin in than same firm.

But 2nd option can be exercise on after mutual concent of both parties (Principle and trainee)

And for further clarification please go through the Chartered Accountants Act 1949.

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