Secondment of Articles

Articleship 1963 views 5 replies

Hii it'd be great if u could help me out..

1.What is the procedure for secondment? What are the formalities to be done by my first principal and second principal?

2. Whether it can be seconded to a member in the industry?

3. What are the rules and regulations regarding secondment of articles?

Replies (5)

In order to expose the trainees at large to multi-disciplinary work and variety of business

situations, the arrangement of secondment has been provided in the Regulation 54. The

procedure relating to secondment enables an articled trainee to gain practical experience, in

areas where the Principal may not be in a position to provide the same, in the office of another

member in practice on the basis of a mutually agreed arrangement. In order that maximum

advantage can be taken of this procedure, the secondment scheme has been made flexible.

Secondment is allowed with the consent of the articled trainee from one employer to a

member who is entitled to train articled trainees in his own right or to a member in industry

who is entitled to train industrial trainees. The member to whom the trainee is seconded is

not entitled to train more than two such trainees on secondment at a time. The aggregate

period of secondment cannot exceed one year provided that the period served on secondment

with any one member or his partner does not exceed six months. Where an articled trainee is

seconded to a member in industry, the total period spent in industry including the period of

industrial training should not exceed one year. During secondment the Principal is required to

pay the stipend. The Principal is required to keep records of the training undergone during

secondment and include its particulars in the report to the Council under Regulation 64.

Apart from the secondment of a trainee from one firm to another firm or to an industry, firms

may exchange trainees on mutual basis for a limited period to the advantage of firms and

trainees. Such an arrangement is also quite flexible like the scheme of secondment and

enables the firms to overcome deficiency, if any, in practical training imparted to trainees.

this is the form of the same

https://www.icai.org/resource_file/7526form_secondment_articles.pdf

 Thank you kavya

Please clarify whether we can do Secondment  in a company in industry under a chartered accountant?

THANKS........


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