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query regarding transfer: secondment provision

CA Kavita (Chartered accontant) (95 Points)

24 November 2009

hii frnds..

i want to know if principal himself want to give transfer as per secodment provison then what is the procedure and

can principal provide articleship to other student instead of me after giving me transfer as per secondment provision if he is eligible to train only one article?

pls let me know the whole procedure..its very urgent!!

pls...

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6 Replies

Aadhyayan (CA Business) (95 Points)
Replied 24 November 2009

Secondment:

1. A principal may, with the consent of the articled clerk, second from time to time the articled clerk to other member or members with a view to provide the articled clerk the opportunity of gaining practical experience in areas where the principal may not be in a position to provide the same.

2. The articled clerk shall be seconded only to a member who is entitled to train one or more articled clerks in his own right or to a member in industry who is entitled to train one ore more industrial trainees.

3. The member to whom the articled clerk is seconded will not be entitled to train more than two such clerks on secondment at a time.

4. The aggregate period of secondment shall nto exceed one year provided that the period served on secondment with any one member or his partner shall not exceed six months.

5. Where an articled clerk is seconded to a member in industry, the total period spent in industry by the articled clerk, including the period of industrial training under these Regulations, shall not exceed one year.

6. During the period of secondment, the principal shall pay the stipend as provided under these Regulations.

7. The principal shall keep a record of the training undergone during secondment and include its particulars in the report to the Council under regulation 64.

8. No deed of Articles need be executed for secondment nor any intimation need be sent to the institute in this behalf.

So, u can o for secondment, if all above conditions are fulfilled....

aadhyayan @ gmail.com

1 Like

CA Kavita (Chartered accontant) (95 Points)
Replied 25 November 2009

But after taking transfer as per secondment provision..who will be called Principal? Old CA who is giving transfer or new CA ??

i mean whether new CA with whom we work after taking transfer under secondment provision has to pay stipend and keep our training record or old CA with whom we were working??

pls tell me..i m confused!!

CA Kavita (Chartered accontant) (95 Points)
Replied 25 November 2009

ankit gindoria (http://ankitthewriter.blogspot.com/) (206 Points)
Replied 25 November 2009

i am also confused .....plz her doubt ..bcoz we have same doubts ..

CA Harish Suwalka (Chartered Accountant ( Bhilwara )) (4125 Points)
Replied 09 December 2009

@ kavita

in secondment "principal" means your previous employer.

he will maintain records and pay the stipend.

i think your doubt shud hav been cleared.

yogesh ginoria (article) (21 Points)
Replied 23 June 2012

Suppose, I take Secondment in my 2nd year to another member, and then onwards if I wanna take transfer for Industrial Training, then am I eligible for the same??