Very urgent emergency plz help

in CA Regulation Act, 1949 the institute has mentioned a minimum stipend payable to article clerk and a CA has to pay that, if he done not pay minimum stipend then he will be held guilty of professional misconduct by Contravening the provisions of the Act or Regulation made thereunder.

i m not suggesting u to file a complaint aginst your principal in institute but u hv that option open with you.

First of all you should know that not paying stipend to article will amount to professional misconduct on his part and disciplinary action can be initiated. He is liable to make payment to your bank account via account payee cheque. So that if any complaint against him arises then he can produce the bank statement as evidence.

Anyway that said , you should fill the prescribed form - 109 for termination and 103 for registration again to transfer your articleship.

But it is to be noted that in form 109 details of stipend received is to be mentioned.....since he has not paid any stipend he may refuse to sign the form.

You can ask him to pay the stipend citing the consequences, but if possible ignore the fact that he is not paying any stipend and carry on your articles with your principal.

When you opted for Chartered Accountancy you have saved huge amount already compared to other course. If you proceed against your principal it will bring about a lot of avoidable headache

You may take tranfer with mutual understanding of your principal or without their permition if he is not giving any stipend to you please read Clause 48 to 56 of CA Regulation 1988 (updated in 2002) attached below:-

Please go through the post  and link bye Richank Sir it will help you

/forum/grounds-and-procedure-for-articleship-transfer-171285.asp

Thanks Vandana

Let me post it here only:

Please check below the Grounds and Procedure for Articleship Transfer:

In a major flexibility for CA aspirants, ICAI has given articled clerks a choice to opt out of the existing arrangement with a principal during the first year of articleship.

[Regulation 56(1)]

In partial modification of the announcement dated 30th June 2009 regarding transfer / termination of articles the Council in its recent meeting has decided that the transfer/termination of articleship in terms of Regulation 56(1) of the Chartered Accountants Regulations, 1988 shall be permissible on the grounds as stated below:

1. Medical grounds requiring discontinuance of articles for a minimum period of three months (on production of a Medical Certificate issued by a Government Hospital).

2. Transfer of parent(s) to another city.

3. Misconduct involving moral turpitude.

4. Other justifiable circumstances / reasons: -

(ii) Grounds already permissible in the Chartered Accountants Regulations, 1988 (on submission of requisite proof of the act warranting transfer/terminatio n of articleship) : -

a. Industrial Training (Regulation 51)

b. Secondment of articles (Regulation 54)

c. Conversion from PCC to IPCC (for termination of articles only. Re-registration of articles to be allowed only after passing Group-I of IPCC)

d. Death of Principal [Regulation 57(1)(c)]

e. Ceasing of practice by the Principal [Regulation 57(1)(a)]

f. Removal of name of the Principal from the Register of Member due to any reason [Regulation 57(1)(b)]

(iii) Marriage basis (only if there is relocation to another city involving distance of 50 kms).

(iv) Irregular payment or non-payment of stipend with reference to Regulation 67.

(v) Articled assistant desires to serve balance period of training outside India.

(vi) Shifting by the Principal to another city involving distance more than 50 kms.

PROCEDURE

The articled assistants are required 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 along with the recommendation / consent 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. Request for transfer not accompanied by consent of Principal shall not be accepted.

In case of dispute between principal and articled assistant, the matter be settled amicably among the articled assistant and the principal concerned and the Institute shall not interfere in such cases.

Thanks

RG

I think you should continue to work with the same CA only if there is lot of scope of learning new things that a CA student is supposed to learn in the same firm. Further i would like to have a voice chat with u so that i can share knowledge with u. Please reply me a ashok6799 @ gmial.com to have a chat with me.

I did not ask you Grounds and Procedure for Articleship Transfer. I just asked as to how I should approach my principal for shifting of my articleship since I am still in the 1st of year of my articleship 

Knowledge Fostering Program

                                     …….. Life-starter for accounting professionals

With special emphasis on India Entry Strategies and New-Age Entrepreneur Support

It's what you learn after you know it all, that counts - Harry S Truman

 About Floraison

Floraison India Strategic Consulting Pvt. Ltd. is a Bangalore-based strategic and business consulting organization. As a company which provides integrated consulting services, we partner our multinational and domestic clients from the stage of inception to assist them in successfully commencing their operations and further hand-hold them to run their company efficiently. Our focus areas are India Entry Strategies and New-Age Entrepreneur Support. We have assisted several multinational companies make their foray into India and have assisted several domestic entrepreneurs set up their business in India, successfully.

About Floraison Services

KFP Mission Statement:

Our mission is to foster knowledge among our associates by leveraging on our continual experience and accumulated expertise in the consulting segment, thereby enhancing their career prospects, enriching their progressive opportunities and enabling their qualitative growth; we aspire to achieve this through a range of innovative practices, setting high standards with exceptional benchmarks.

Need for Floraison’s Knowledge Fostering Program (KFP)

Recent years have witnessed an exponential growth in the Indian economy and simultaneously an increased demand for specialized workforce, especially in the sphere of accounts, payroll and compliances. India is the next big destination for international investments. Market analysts are simultaneously predicting that domestic entrepreneurs are the life line of the country’s economy.

Despite the demand, there seems to be a paucity of ‘work-ready’ professionals, especially to cater to the needs of the multinational or domestic companies operating in India. In such a scenario, a student, a fresher, or a new entrant in the industry, although equipped with the right academic qualifications, lacks the know-how of the ‘essential and pragmatic fundamentals’ that the corporate world today needs. There is a huge gap between industry expectations and contents of the course curriculum of various educational institutions including professional courses. Further, currently there are no courses that enable a candidate to be ‘work-ready’, from an industry point of view, apart from pre-training for BPO’s and Call-centers. Compounding this problem is the fact that most companies today would rather hire ‘work-ready’ professionals rather than hiring raw candidates and putting them through the grind of training them, ‘on-the-job’ or otherwise.

About Floraison’s Knowledge Fostering Program (KFP)

Floraison’s Knowledge Fostering Program (KFP) has been designed keeping in mind the growing need of the corporate world for ‘work-ready’ professionals. Floraison’s KFP has been devised to foster knowledge by focusing on the work related ‘know-hows’ and in turn helping associates nurture their confidence. Further, our courses have been designed with a special convergence on our focus areas: India Entry Strategies and New Age Entrepreneur Support.

Our continuing consulting experience with India entry strategies and New-Age entrepreneur support equips us with the right knowledge and an in-depth understanding of the dynamics of various industries across diverse sectors, from an accounting, payroll and compliance perspective. Our accumulated expertise and experience facilitate us with an accurate insight into the requirements of the intellectual capital of the accounting domain. The end-product is an enriched hands-on course through which relevant knowledge sessions would be imparted in an easy to understand, simple and lucid manner by our professional mentors at our knowledge center, in a class-room environment, with options to make it interactive and participative.

Floraison’s KFP is a knowledge fostering program, designed with a pre-determined, scientific and well structured curriculum covering all the practical and fundamental aspects related to accounting payroll and compliance domains, with a special emphasis on India entry strategies and new age entrepreneur support and is designed to give the associate a sneak peak into the industry expectations and enable them to be ‘work-ready’.

Floraison’s KFP is intended to be a Life-Starter for accounting professionals!

Please read our section on Frequently Asked Questions (FAQ’s) to know more about Floraison’s Knowledge Fostering Program and how, we, together, can shape your career in the accounting, payroll and compliances domain into a successful and rewarding venture.

KFP Program curriculum

The KFP curriculum has been devised by experts at Floraison who have been in client servicing operations and have a comprehensive understanding of the practical needs of the industry. For the convenience of our associates, the program has been devised into the following modules:

Module – I

Accounts, Audit & Corporate Reporting

Module – II

Compliances, Compensation & Benefits

Associates have the option of enrolling for the full course* comprising both the above modules or choosing either of the modules, as per their needs. The contents of the modules are subject to changes, as suitable.

To know more about our approach, course schedule, enrolment, and other details, please read our section on FAQ’s or contact our co-ordinators.

* recommended

KFP Takeaways

• The Consultant’s touch: The curriculum of this Program has been designed keeping in mind Floraison’s accumulated expertise and experience in the management consultancy domain. In KFP, we have incorporated this consultant’s approach, which would permit the associates to gain a perspective and sneak peek into the corporate world. You will gain immensely from this approach and learn to be a good consultant yourself.

• Specific Focus on India Entry Strategies and New Age Entrepreneur Support: Floraison’s KFP has been designed with a special focus on multinational and domestic entities doing business in India. These two segments of entities form the major chunk of India’s economy and would probably offer you the best opportunities for a rewarding career.

• Membership Program:  Each associate participating in Floraison’s KFP would be given individual ID and password to access Floraison’s Knowledge portal, for a small annual subscripttion fee. This way, our association and your gains from this enrolment would be a continuing one. Floraison is committed to partnering with you during and after your stint with our KFP.

• Abridged content of the Program: Brief contents of the course material, imparted during the course of Floraison’s KFP would be given to each associate, which would act as a guide on fundamentals one can always count on.

• Inflo – knowledge fostering series: ‘Inflo’ is an internal document that Floraison is immensely proud of. Inflo focuses on imparting the knowledge and experience Floraison and its team have gained on various domains- accounting being one of the most important areas. In line with Floraison’s motto of ‘accelerating growth’, one of the Program’s key take-away would be a copy of Inflo pertaining to the accounting domain and restricted online access to our well researched and developed ‘Inflo’ series.

• Help-line: Further, associates can “call in” and speak to our experts and discuss matters of 'knowledge' relevant to the subject matter of KFP that they need more clarity on during and after their stint with the KFP.

*Conditions Apply

For more details: Contact – Mukinthan-7204864311
Floraison India Strategic Consulting Pvt. Ltd.,
#185/7, 2nd Floor, "Chandra Plaza",
8th F Main, 3rd Block,
Jayanagar, Bangalore 560011.
P: +91 80 2653 8257/58/59.
Email: kfp @ floraison.in / mukinthan.r @ floraison.in
Website: www.floraison.in/KFP -

                        https://floraison.in/KFP/testimonials/

Fee details & program details:

Program: Floraison’s Knowledge Fostering Program

Fees: Rs.7000/- + Tax (Rs.7721/- including tax) – Both Modules

Payment Mode: Demand Draft / Cheque (in favor of - FLORAISON INDIA STRATEGIC CONSULTING PVT LTD)

Batch Timing: Morning – 07:00AM to 11:00AM (Monday to Friday)

Duration: 22days

Seats Available: 30 Per Batch.

Batch Starting Date: 01-DEC-2011

Venue: #185/7, 2nd Floor, "Chandra Plaza", 8th F Main, 3rd Block, Jayanagar, Bangalore 560011.

Registrations’ open between 9.30AM to 6.30PM at Floraison Till November 19^th 2011

Registration Closing Date: 19-NOVEMBER-2011 at 6.30PM.