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Query About Principal

CA Ritu (Audit and Accounts Assistant) (86 Points)

17 March 2010

If the cheque given by our Principal was rejected by bank two ties due to some bank problem, then can that Principal could give cash to his article.

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3 Replies

CA Amit Bansal (Article ca final student) (119 Points)
Replied 17 March 2010

yes ur principal can give you cash

CA AYUSH AGRAWAL (Kolkata-Pune-Mumbai) (26986 Points)
Replied 17 March 2010

No, According to New Articleship Regulation Act......Stipend Can't Be Given in Cash.

N What The Problem Telling Bank,Solve That One.No Problem are Such Which Can't Solve.

CA Ritu (Audit and Accounts Assistant) (86 Points)
Replied 18 March 2010

But if that article require the payment urgently as the three months are already expires, that such article has not receive the stippend from last 2 months and also his training will also completed before 1month ago, then cant that article receive his full and final payment in cash.