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GIVE UR VALUABLE ADVICE - ARTICLESHIP

Vijay (CA Final Student) (36 Points)

24 September 2010

ALL MY SENIORS, PLS ADVISE ME, I HAD REGISTERED FOR ARTICLESHIP IN DEC 2009 AND SIMILARLY REGISTERED FOR CA FINAL COURSE AS WELL, NOW I HAVE TO COME TO KNOW THAT MY CA CAN HAVE ONLY 7 ARTICLES AS HE QUALIFIED IN DEC 2002.AND I AM THE 8 GUY.....SO PLS LET ME KNOW WHAT SHOULD I DO NOW......

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5 Replies

CA Sachin D Jain (FCA, CS, DISA (ICAI)) (1474 Points)
Replied 25 September 2010

Dear Vijay,

As you have already served for a period of around nine months with your principal, you are justified in claiming the credit of your articleship period served during this period.

Now, the legal implications are:

as per the Chartered Accountant Rules, it is the primary responsibility of a chartered accountant to check whether he is eligible to train an article or not. As a chartered accountant is bound by the said act and rules. Hence, primafacie your principal is deemed to guilty of professional miscounduct.

Now, the practical solution is:

You should request your principal to register yourself under a different chartered accountant, who will be eligible to train you, and request him to register you as an article from December, 2009. The implications are that you have to pay some penalty for late filing of Form 102 and 103.

If you have any other query, feel free to contact.

1 Like

Vijay (CA Final Student) (36 Points)
Replied 26 September 2010

Thanks for your advice, but I have already submitted Form 102 & 103 to the institute in Dec 2009 itself and got the study material for Final Course as well.

(Guest)

We are looking for Article Clerks for a reputed Audit Firm in Chennai. Good exposure to Accounts, Audit and other specialized areas. If you are interested, please revert.

You can also refer your friends.

NOTE: If you are completed or undergoing article, kindly refer your friends.

Thanks and Regards

Hema R

SSS Placement Consultants Pvt Ltd

Contact Number: 044-42127730/9841430083

s.lohani (Final student) (1050 Points)
Replied 15 October 2010

You could be in trouble mate. In my city; a student lost his 1 year of articleship due to lack of vacancy of CA.He had received the registration letter. After 1 year; he received a note that ur articleship isn't recognised or sth like that.

Pls contact ICAI bigwig;BOS;e-sahayata asap

vikas (assitant) (22 Points)
Replied 23 August 2011

plzzzzzzzzzzz help me i hve started my articleship in apiril 1 but not sumbit 103 form but now i have submitt on aug with 300 penalty should i give any letter and my boss has also not informed the institue what should i do