i am also very confused about the rules.... if any body has actually gone to an icai centre and enquired or experienced aanything regaarding transfer rules please help out and explain exactly what is the current situation ?????????????????????????????????????????????????????????
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transfer rules
Replies (8)
as there was all fuss about transfer one time is allowed i had once inquired that whether the same was allowed or not in last year and the said that its not so and transfer can be made only on grounds mentioned i.e our normal list
i agree with pooja.. i enquired at ICAI for the same before 15 days & got the same answer.
THERE IS NO SOLUTION AT PRESENT. TRANSFER IS AVAILABLE OUT OF CITY ONLY AND THAT ALSO IN FOLLOWING TWO CASES:
PARENAL TRANSFER
MEDICAL PROBLEMS.
FOR ANY OTHER REASON, ONE HAS TO TAKE APPROVAL FROM INSTITUTE IF THE REASON IS GENUINE.
IT IS MOSTLY BELIEVED THAT THE SITUATION WILL CHANGE AFTER FEBRUARY 2010. SO ONE SHOULD WAIT FOR THE SAME.
aadhyayan @ gmail.com
hey someone plz clarify the rules for trnsfer and plz post it here...i'm gonna call ICAI today n i'll post their reply...
Transfer/Termination of Articleship
[Regulation 56(1)]
[Regulation 56(1)]
In accordance with the decision of the Council, the transfer/termination of articleship in terms of Regulation 56(1) of the Chartered Accountants Regulations, 1988 shall be permissible to an articled assistant on satisfying any one or more of the conditions as stated below: -
- Medical grounds requiring discontinuance of articles for a minimum period of three months (on production of a Medical Certificate issued by a Government Hospital).
- Transfer of a working parent to another city involving a distance of minimum 50 kms (on production of a certified copy of the transfer order and the proof of relocation to another City).
- Misconduct involving moral turpitude.
- Other justifiable circumstances / reasons: -
- Grounds already permissible in the Chartered Accountants Regulations, 1988 (on submission of requisite proof of the act warranting transfer/termination of articleship): -
- Industrial Training (Regulation 51)
- Secondment of articles (Regulation 54)
- Conversion from PCC to IPCC (for termination of articles only. Re-registration of articles to be allowed only after passing Group-I of IPCC)
- Death of Principal [Regulation 57(1)(c)]
- Ceasing of practice by the Principal [Regulation 57(1)(a)]
- Removal of name of the Principal from the Register of Member due to any reason [Regulation 57(1)(b)]
- Marriage basis (only if there is relocation to another city involving distance of 50 kms).
- Irregular payment or non payment of stipend with reference to Regulation 67.
- Articled assistant desires to serve balance period of training outside India.
- Grounds already permissible in the Chartered Accountants Regulations, 1988 (on submission of requisite proof of the act warranting transfer/termination of articleship): -
Shifting by the Principal to another city involving distance more than 50 kms.
[The articled assistants are required, in the first instance, to get the consent of the Institute before getting Form 109 signed by the Principal, in their own interest.]
[The request, on any one or more of the aforesaid grounds, of an articled assistant on a plain paper with recommendations of the Principal for transfer / termination of articleship accompanied by evidence/proof (self-attested by the articled assistant) to the satisfaction of the Institute be made.]
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