I have talked to my principle and he also talked to me....:)

Transfer/Termination of Articleship

[Regulation 56(1)]

In partial modification of the announcement dated 30th June 2009 regarding transfer / termination of articles the Council in its recent meeting has decided that the transfer/termination of articleship in terms of Regulation 56(1) of the Chartered Accountants Regulations, 1988 shall be permissible on the grounds as stated below: -

I. Transfer /termination of articles is permitted without any restriction during the first year of articles.

II. During rest of the articleship period on satisfying any one or more of the conditions as stated below: -

1. Medical grounds requiring discontinuance of articles for a minimum period of three months (on production of a Medical Certificate issued by a Government Hospital).

2. Transfer of parent(s) to another city.

3. Misconduct involving moral turpitude.

4. Other justifiable circumstances / reasons: -

(ii) Grounds already permissible in the Chartered Accountants Regulations, 1988 (on submission of requisite proof of the act warranting transfer/termination of articleship): -

a. Industrial Training (Regulation 51)

b. Secondment of articles (Regulation 54)

c. Conversion from PCC to IPCC (for termination of articles only. Re-registration of articles to be allowed only after passing Group-I of IPCC)

d. Death of Principal [Regulation 57(1)(c)]

e. Ceasing of practice by the Principal [Regulation 57(1)(a)]

f. Removal of name of the Principal from the Register of Member due to any reason [Regulation 57(1)(b)]

(iii) Marriage basis (only if there is relocation to another city involving distance of 50  Kms).

(iv) Irregular payment or non payment of stipend with reference to Regulation 67.

(v) Articled assistant desires to serve balance period of training outside India.

(vi) Shifting by the Principal to another city involving distance more than 50 kms.

The articled assistants are required to get the consent of the Institute before getting Form 109 signed by the Principal in their own interest.

The request, on any one or more of the aforesaid grounds, of an articled assistant on a plain paper alongwith the recommendation/ consent of the Principal for transfer / termination of articleship accompanied by evidence/proof (self-attested by the articled assistant) to the satisfaction of the Institute be made. Request for transfer not accompanied by consent of Principal shall not be accepted.

In case of dispute between principal and articled assistant, the matter be settled amicably among the articled assistant and the principal concerned and the Institute shall not interfere in such cases.

2nd July 2010 Secretary

sir can we get signed form no. 120 signed.....

Originally posted by : Nehas
	sir can we get signed form no. 120 signed.....

Please don't use "Sir"

He might issue Form 109 after receiveing Form 120,

but what reason are you going to give for termination.

Read below & decide 

1.Exceptional Circumstances for Termination of articles  

No request for termination of articles is entertained from any articled

assistant in general and more particularly during the first six months

and also during  the last twelve months of articles except as 

provided in the Regulations.  

1.1 If the articled assistant is not able to serve  the articleship for

specified medical reason thereby opting to discontinue CA course

for a period of at least three months, the termination of articles 

be permitted, provided that the medical grounds are such that warrant

termination of article ship 

1.2 If the working parents of the articled assistant is / are transferred

from the city/ place where the articled assistant is receiving training to

another city.  

2.   Requirements  

(a) Medical Certificate, in Original, issued by Chief Medical Officer/

Civil Surgeon/Medical Board of a State /Central Government Hospital

and alike clearly indicating nature of  illness/disease, likely 

period of recovery that warrants termination of Articles. 

(b) Certified copy of Transfer order of the parents  be submitted for the

cases falling under category 1.2  

3. Restrictions 

3.1 In the event of termination of articles on the ground of

parents’ transfer, fresh articles shall not be registered  

 a) in the same city or  

 b) within 50 kilometers radius of the city where he/she has undergone

articles prior to such termination 

3.2  In the case of termination of articles on medical ground the articles

may or may not be registered under the same employer under whom

previously served or any member eligible to train articles alongwith medical fitness

certificate from the same hospital which issued the medical certificate.