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Number of leaves day

AMIT KAPOOR (SELF EMPLOYED) (491 Points)

01 March 2009

pl anybody pl tell me number of days icai allowed for the student pursuing articleship after P-II in old final course because i about to take transfer from my firm

thanks in advance

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6 Replies

CA Devanshi Gandhi (Ajani) (FCA DISA Mcom CIFRS & LLB) (9058 Points)
Replied 05 March 2009

no. of leaves available is dependent on no. of leaves you take... i will just explain the calculation by a eg.... if the period is 3 years...which means 3653=1095days suppose you have taken total 120 leave... than leaves available to u is...1095-120=975 than 975/6=162.5 so leave available to you is 162... Originally posted by :AMIT KAPOOR*
"	pl anybody pl tell me number of days icai allowed for the student pursuing articleship after P-II in old final course because i about to take transfer from my firm thanks in advance	"

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KoolCapricorn (Student) (600 Points)
Replied 05 March 2009

devi is right

AMIT KAPOOR (SELF EMPLOYED) (491 Points)
Replied 06 March 2009

thanks

Anuj Shah (BUSINESS) (120 Points)
Replied 06 March 2009

hey isnt the leave sum 1/7 of the period of service ???

I mean i didnt get this calculation. In the rules provided it is said that leave allowed is 1/7 of the period of service

AMIT KAPOOR (SELF EMPLOYED) (491 Points)
Replied 06 March 2009

after sending thanks message to ca devanshi my friend told me to read regulation59 of ca regulation 1988 accordingly u r right anuj but one thing not able to clear from this regulation that whether those leaves which we are going to deduct from total service days includes sunday or not pl read these regulation and tell me anuj URL for this is www.icai.org/resource_file/7697announ1209b.pdf

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Shyam Kumar (Audit) (66 Points)
Replied 06 March 2009

Originally posted by :AMIT KAPOOR
"	pl anybody pl tell me number of days icai allowed for the student pursuing articleship after P-II in old final course because i about to take transfer from my firm thanks in advance	"

Hi Amit. ICAI didnot mention total leaves in number.they allowed total leaves as follow.

total working days(excluding sunday & Holiday) has been divided by 7. For Exmp. ur total working days is 924 then it will be multiply by 1/7. so it comes 132 days. this is allowable.