Help pls

I have taken 273 days leave during my articleship period ......

can anybody help me how much extension i have to serverd ?  and which form shoud i fill up with institute ?

pls help its urgent .......

 

Replies (5)

I think you have to serve around 100 days more.. :(

oh my god, you are in trouble, you have to serve for more 90 days for sure

91 days more extention

as 180 day ie 1/6 th days of articleship period, leave ia allowed by institute

Hi,

If you are PCC student (3.5 years articleship) excess leave =106 days

If you are IPCC student (3 years articleship) excess leave=136 days

Kindly note that eligible leave is 1/6th of "No of days served" and not 1/6th of total period.

For example If you are IPCC student (3 years articleship) the leave is calculated as follows:

(a)Total days of service (365*3)         =1095

(b) leave taken                                        =(273)

 (c)No of days served     ((a)-(b))         =822

(d)Eligible leave (1/6th of (c))               =137

(e)Leave taken                                        =(273)

(f)Excess period to be served (d)-(e) =136            

 

Unnikrishnan TP

As per ICAI guidelines:

"An articled assistant shall earn at the rate of one-sixth of the period for which he has actually served, excluding from such period, the period for which he has been on leave subject to a maximum of 180 days."

I’m assuming you are an IPCC student.

So, aticleship period: 365*3 (yrs)   =1095 days

Less: Leave availed                            = 273 days

Actual period served                         = 822 days

Therefore, you are eligible for 1/6th of actual period served i.e 137 days.

Hence, you will have to serve additional period of (273-137) 136 days.

You will have to submit Form ”107” i.e Deed of Supplementary Articleship for the same.

 

Hope, I’m able to resolve your query.

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