First year of Articles Transfer Rules

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Shubham Agarwal

Business

107 Points Posted on 24 May 2011

Hello Frnds, I am persuing my 1st year of Articles, But becoz of some reasons I am looking for termination i.e. form 109.

I knew that no prior permision of ICAI is required in first year of articles, But I also heard that transfer rules are amended now.

So Please anyone help me in this regard, whether I require prior permision from the institute as per new rules??
Also If prior permision is not required, Do I need to show them a cause for transfer of my Articles with any reasonable Proof.?
Thanx

Replies (4)

Deepak Jain

CA Final Student

390 Points Posted on 24 May 2011

As per the recent institute's notification, prior permission is required to be taken from institute before getting form 109 signed from principal. (It is a very recent notification around 10 days back).

Deepak Jain

CA Final Student

390 Points Posted on 25 May 2011

He sorry buddy...just got to know ki dat notification is not applicable for 1st year of articleship...U are not required to take prior permission of the institute to take transfer during 1st year..

Shubham Agarwal

Business

107 Points Posted on 25 May 2011

ya i too got that sms, thanx carockers

gaurav

pursuing CA

33 Points Posted on 11 October 2011

i have just started my articleship and and i have also applied in big five but they will have vacancy only after november 2011. i didnt want to waste an attempt so i have joined a mid firm and i want to know if ca is not giving transfer so how can i take transfer and whether i should inform my ca that i wll be taking transfer or not. please help.