Form 112 urgent!!!



i am doing my articleship since october 2011.......i joined ignou in november for b.com and gave december 2012 attempt and cleared it......i havnt submitted form 112 to the institue......what should i do?? is it necessarily required????

plz help its urgent!!!!!!

 
Reply   
 
Chartered Accountant

Yes, it is advisable to submit the form atleast now. However you need to pay some fine along with a condonation letter.

 
Reply   
 
Company Secretary

Hi

 

 

Regulation 65 of the Chartered Accountants Regulations, 1988, reads as under.

“Without the previous permission of the Council, obtained on application made in the approved form, no articled assistant shall, during the period of his service as an articled assistant, take any other course of study or training, whether academic or professional, or engage in any business or occupation.”

 
Reply   
 
Company Secretary

You can do correspondence course during article ship, without approval from Institute.

 

 

PURSUANCE OF OTHER COURSE OF STUDIES

With the permission of the Institute a student can pursue one course of study at a time. A student has to submit application in Form No.112 to the appropriate Regional Office of the Institute seeking permission to pursue other course of study within one month of joining the college/ course. The office shall grant permission within one month from the date of receipt of Form No.112. The students currently undergoing graduation or other course under general permission, which was given for the articled assistant to pursue graduation course, is withdrawn; therefore should obtain the permission within six months of issuance of new guidelines. The students shall, however, be permitted to complete the academic session/year currently undergoing and switch over to correspondence courses or institutions where no classes are conducted between 11.00 a.m. and 5.00 p.m. on any working day. The certificate portion in Form No.112 indicating college timings etc. shall be countersigned by the Principal of the college with the seal and stamp of the college and also indicating the telephone number and full address of the college.

In the event of breach of these guidelines and not taking permission as required, the articles already undergone shall be derecognised for such period as the Institute may decide. In case an articled assistant is found not undergoing articles in the manner prescribed, he shall be debarred from appearing in the exam up to 3 consecutive exams besides cancellation of such period of articles. The concerned member who allowed him to be such an articled assistant be subject to punitive action besides withdrawing either partly or fully his eligibility to train articled assistant. In Peer Review, the Reviewer be required to verify whether training is imparted to the articled assistants in the manner prescribed.


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Reply   
 

doing b.com from ignou........then it is require to fil form 112

 
Reply   
 
Chartered Accountant

Whether it's a correspondence or a regular course, permission of the Institute is required, in case it is pursued while undergoing articleship. So Form 112 is required to be submitted to pursue B.com from IGNOU while doing articleship. (For your info, just want to share that I did B.com from IGNOU during my articleship and so submitted 112 and also I got the confirmation letter from the Institute)

 
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could anyone drop me the condonation letter format......plz

 
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Plz Find the attached file...Thanks



Attached File : 707977 1142920 to.pdf downloaded 868 times
 
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i m doing b.com from ignou... join articleship on 28th feb 2013.... in ignou there is no need to attend class... in filling 112 is employer permission is required???

 

 i m asking so becoz in form 112 it written that employer permission is required only when office timing is clashing with collegue class timing........... plz suggest me regarding this

 
Reply   
 

in IGNOU there is no need to attend classes but permission of your principal is compulsory for admission. if you filled  form 112 than you have to take permission from your Employer.

 
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