I want to know what are the penalties for not filing form 112 apart from the condonation for delay fees. Can the ICAI cancel membership or articleship ?
Vignesh Vijayan (1 Points)
11 February 2020I want to know what are the penalties for not filing form 112 apart from the condonation for delay fees. Can the ICAI cancel membership or articleship ?
Vivek Kurup
(.)
(355 Points)
Replied 12 February 2020
In my opinion, ICAI wont cancel the membership. In the worst scenario, they may suspend the membership and demand an extension of articlesship for some more months, if the articleship was affected due to the student pursuing another course during the office timings. But, in any case, they can't cancel the already undergone articleship.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
