ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

New Transfer Rules..updated in ICAI website.....

Vinay Ramachandran (Chartered Accountant) (168 Points)

01 July 2009  

The notification in CA website:

Transfer/Termination of Articleship
[Regulation 56(1)]

In accordance with the decision of the Council, the transfer/termination of articleship in terms of Regulation 56(1) of the Chartered Accountants Regulations, 1988 shall be permissible to an articled assistant on satisfying any one or more of the conditions as stated below: -
  • Medical grounds requiring discontinuance of articles for a minimum period of three months (on production of a Medical Certificate issued by a Government Hospital).
  • Transfer of a working parent to another city involving a distance of minimum 50 kms (on production of a certified copy of the transfer order and the proof of relocation to another City).
  • Misconduct involving moral turpitude.
  • Other justifiable circumstances / reasons: -
    • Grounds already permissible in the Chartered Accountants Regulations, 1988 (on submission of requisite proof of the act warranting transfer/termination of articleship): -
      • Industrial Training (Regulation 51)
      • Secondment of articles (Regulation 54)
      • Conversion from PCC to IPCC (for termination of articles only. Re-registration of articles to be allowed only after passing Group-I of IPCC)
      • Death of Principal [Regulation 57(1)(c)]
      • Ceasing of practice by the Principal [Regulation 57(1)(a)]
      • Removal of name of the Principal from the Register of Member due to any reason [Regulation 57(1)(b)]
    • Marriage basis (only if there is relocation to another city involving distance of 50 kms).
    • Irregular payment or non payment of stipend with reference to Regulation 67.
    • Articled assistant desires to serve balance period of training outside India.
    • Shifting by the Principal to another city involving distance more than 50 kms.
The articled assistants are required, in the first instance, 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 with recommendations 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.

 
Secretary
30th June 2009
 
 


 6 Replies


(Guest)

Still not satisfied with these new regulation.

we must have full and absolute choice to work with the existing principal or go to other firm.

SINCE WE HAVE CHOOSEN FIRM ON OUR OWN. NO ONE HELP US FOR GETTING ARTICLESHIP.SO WE HAVE FULL RIGHT TO GO TO OTHER FIRM AS PER OUR CONVENIENT.

 

Karuna Sethi (CA) (838 Points)
Replied 02 July 2009

Me too not satisfied...............

sagar (CA Final) (379 Points)
Replied 07 July 2009

what is regulation 67?

Raju Basnet Chhetri (student) (29 Points)
Replied 14 November 2009

Originally posted by :Vinay Ramachandran
" ya its too harsh... we must  have right to take transfer..

















The notification in CA website:

Transfer/Termination of Articleship

[Regulation 56(1)]







In accordance with the decision of the Council, the transfer/termination of articleship in terms of Regulation 56(1) of the Chartered Accountants Regulations, 1988 shall be permissible to an articled assistant on satisfying any one or more of the conditions as stated below: -



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

Transfer of a working parent to another city involving a distance of minimum 50 kms (on production of a certified copy of the transfer order and the proof of relocation to another City).

Misconduct involving moral turpitude.

Other justifiable circumstances / reasons: -



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



Industrial Training (Regulation 51)

Secondment of articles (Regulation 54)

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

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

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

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





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

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

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

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













The articled assistants are required, in the first instance, 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 with recommendations 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.



 





Secretary





30th June 2009













 





 





"

Rahul Aggarwal (CA Final) (71 Points)
Replied 17 May 2011

m also not satisfied,at the time of transfer the prior approval of ICAI is neccessary, and that  is to impossible taken approval by them!!!!!

the tranfer it like be Dream for the Aritcle 

charu (cleared ipcc) (21 Points)
Replied 06 October 2012

what is shifting by the principal and 50 kms . i don't understand cn plzzz any1 explain this part.

 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  





Subscribe to the latest topics :
Search Forum:



Trending Tags