stipend via cash

yes there is a big problem,plz receive stipend through cheque.

hi ,

As per guidence issued by ICAI stipend shall be payable by the chartered through cheque only and not in cash.

Regards,

Ankit Kansal

IT is proof that we are doing articleship as the entrie can be seen in the pass book

IT is proof that we are doing articleship as the entrie can be seen in the pass book

CHEQUE IS BETTER PROOF AS IT CAN BE VERIFIED FROM THE BANK IN FUTURE IN CASE OF ANY PROBLEM.

ALSO TAKE THE CHEQUE ON MONTHLY BASIS

Hello Aarti,

It is compulsory to receive Stipend by way of Cheque as in articleship completion certificate there is column for bank details.

Always receive ur stipend by cheque. It will be beneficial for u as well as your principal.

from  urs principal point of view, if u deny that u have not recd. ur stipend then it will be easy for ur principal to prove that he has paid stipend thru cheque....

from urs point of view,  if ur principal claims that u were not at work for say 3 months and shows excess leave ( assume that he has altered attendance register),, then it will b easy to prove that u were at work  as u had recd. stipend for that period thru cheque

ICAI  also prescribes for receiving stipend in cheque to avoid any future litigation...

so always receive ur stipend in Cash...........

It is compulsory to receive Stipend by way of Cheque as in articleship completion certificate there is column for bank details