CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

COVID-19: ICAI announces lockdown period to be counted as being on articleship

Posted on 26 March 2020

LinkedIn


In the view of COVID-19 outbreak, ICAI made an announcement for students pursuing articled training. The Institute announced that period of absence from articleship arising due to lockdown will be counted as being on articleship period.  Matters related to timing and manner of payment of stipend in the intervening period arising out of the lockdown, may be mutually decided between the principal and the article assistant. Here is the official announcement:

                                       COVID -19: Important Announcement

The ICAI (Institute) has been closely watching the situation arising out of spread of Novel Coronavirus COVID-19 and the current stage is where the lockout has resulted in closure of offices and bare minimum articleship training work being made feasible through online means. We are all aware that until further orders, such restrictions are going to continue till 14th April 2020. Those who are already registered and undergoing articled training, are hereby informed that the period of absence arising out of said lockdown due to COVID -19 pandemic shall not be counted for the purposes of deduction of any leaves, meaning thereby that such period shall be counted as being on articleship training for the period aforesaid. Accordingly, the students who are already undergoing articled training and are appearing for May 2020 and subsequent examinations need not worry on this count for loss of any period not served during the above lockdown. Further, to ease out situation at both the ends, matters related to timing and manner of payment of stipend in the intervening period arising out of the lockdown ,may be mutually decided between the principal and the article assistant.

(Rakesh Sehgal) Acting Secretary, ICAI

Tags :








Trending Tags
Union Budget
ca rankholder interview
Professional Resource
income tax
students
gstr 3b
dgft
Excise
custom
law
gst portal
taxpayers
newgstreturn
Others
dvat
ca
cbdt
ca exams may 2020
pm cares fund
itr
companies act 2013
shares stock
icsi
ca students
Info Technology