Plz comment : ICAI regarding working hours of Articles

 In respect of your query regarding enhancement of stipend, we wish to inform you the following - We are a statutory body and work within the framework of law. The power to amend the CA Regulations is with the Central Government. Accordingly, the decision taken by the Council for revision of stipend has been referred to Ministry of Corporate Affairs (MCA) for its approval and same is receiving their consideration. Once the approval in principal is received, the draft notification will be published for public comments. Based on the public comments, the Council will again considers the matter and the decision taken in this regard will be forwarded again to Government for its approval. Once final approval received from the Government, necessary notification will be published in the Gazette of India for amendment of relevant regulation in the CA Regulations, 1988. Please note that �Revision of Stipend� will take effect from the date of publication of notification in the Gazette of India. Best wishes,

if you go through these lines it is clear that it will take more than a year or even two years to complete the procedure for doubling the stipend , because the decision is just reffered and it is in the first stage of approval. - bad news for articles

but thanks you for raising this important issue in front of icai

Friends,

Why ICAI need MCA or Central Govt. approval for increasing student stifund? Does ICAI take permission for framing unfair rules w.r.t students regarding articleship termination and other clauses.

We, all the CA students need to be united for fighting against this issue.

Pls reply.

What an idiotic reply!

ICAI is answering like a politician who was asked about lokpal bill

True ^^ True ^^..

We might even be able to get a list of Swiss Bank account holders before ICAI announces stipend hike... Wonder if they took MCA's approval at the time when they slashed it upon initiation of 3.5 years articleship scheme, it didn't take that long then..

This will reduce the income of are principal ca and also almost each n every ca so it will take time and the time will end when we end our articleship as i think. As ca are always keen to save their money so they definitely take time to publish all the related matters !

KANJOOOSIIII HAI KANJUSSSSSSSSSSIIIIIIIIIIIIIIIIIIIIIIII

BUT thepOSTED MATTER is really GOOOD..

We have to write to MCA guys, it is the proceedure that needs to be followed we cant blame ICAI for every thing..