Leave to an articled clerk

IPCC 5829 views 6 replies

kindly interpret the bold and underlined part of this regulation.

As per my interpretation/understanding we can avail 1/6th of the period served (subject to a maximum of 180days) this is besides the actual study leave of 182 days (mentioned on pcc prospectus) given to pcc students for studies.

If anyone has a different interpretation, kindly clarify 

 





59. Leave to an articled clerk  https://www.icai.org/post.html?post_id=792


 

  1. 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.

  2. An articled assistant who has served as an audit assistant before the commencement of his articles shall, in addition to the leave earned under this regulation, be entitled to leave equal to one-half of the leave earned and not availed of as an audit assistant, subject to a maximum of three months.

  3. Leave due shall ordinarily be granted if reasonable notice has been given to the principal by the articled assistant.

  4. For the purposes of preparing for an examination of the Institute, the articled assistant shall be granted by the Principal leave for three months or to the extent due, whichever is less, provided an application for the leave has been made at least fifteen day in advance.

  5. Leave not earned may also be granted by the principal subject to the condition that the total leave to be taken by the articled assistant shall not exceed one-seventh of the total period of this actual service, together with the leave due under sub-regulation (2).

  6. Notwithstanding anything contained in the foregoing sub-regulations, the principal shall allow the articled assistant to receive training in the Teritorial Army, the Home Guards or any similar organisation approved by the Council and shall treat the period of such training not exceeding sixty days in a year, as period actually served under articles.

  7. For the purpose of this regulation, the days (including intervening holidays) on which an articled assistant appears for any examination under these Regulations or Attends a course of academy of accounting conducted by the Institute and recognised by the Council in this behalf, shall not be treated as have leave but would be treated as period actually served under articles. 



    Explanation - (1) For the removal of doubts, it is clarified that attendance by an articled assistant with the consent of the principal, at a conference, including Course on Information Technology Training, and Course on General Management and Communication Skills or seminar organised by the Institute including a regional council or a students association or a branch or a regional council for the benefits of assistants, shall be treated as period acutally served under articles. 



    (2) An articled assistant who has secured admission in a course at an academy of accounting conducted by the Institute shall be relieved by the Principal, without termination of articles, for attending the academy.

Replies (6)

one - sixth of actual period served is granted as leav.. so actual period is the net days served.. u shld tak even exam leav into count..

suppose an article has written 4 attempts ..so for the first attempt 3 months leave i took..and for the other 3 attempts i took 1 month leave....so all these months is counted as leave ?

One Sixth of 3.5 Years is 213 days. but subject to a maximum of 180 days ...what does it mean.

let me remind you that the institute recommends (allows) 3 months leave for the first attempt of PCC.

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.

eg 1. If we have worked for 120 days we are eligible for 20 days of leave (120*1/6)

eg 2. If we have completed 120 days of articleship but taken 30 days of study leave we are eligible for 15 days leave (120-30*1/6)

what am trying to clarify (referring to eg 2) is whether this 1/6th of actual period served is besides/ in addition to the 182 days (mentioned on pcc prospectus) given to pcc students for studies. As the exact words are 'excluding from such period the period for which he has been on leave'. 

The 1/6th of actual period served should be calculated as foll. 

365*3.5 = 1278 Days,

 less 182 days of study leave as per prospectus ,

= 1096 Days (actual period served)

additional leave = 1096*1/6 = 183 Days (now this 183 Days is subject to 180 Days sealing limit)

 



so basically we effectively work for 2 years and 6 months i.e 916 days same as the earlier course &  the newer course ie pe2 and ipcc

so they expect us to pass the exams in first attempt itself ??

Dude, you can take however many attempts you want to answer what am trying to clarify is how much leave can we avail without extending our articleship 


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