Transfer/Termination of Articleship - (01-07-2009)

[CA. C.V.PAWAR]

DEAR MEMBERS,

 

Following Announcement is hoisted on www.icai.org regarding "Transfer/Termination of Articleship"

 

Transfer/Termination of Articleship - (01-07-2009)

 

Transfer/Termination of Articleship [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. 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.

Secretary

30th June 2009

 

 

 

Regards,
-------
CA.C.V.PAWAR
Member of Western India Regional Council of
Institute of Chartered Accountants of India
The Chairman, CPE Committee of WIRC of ICAI
0253-2319641. M-9423961209

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Dear Members,

I've started a sms group (which is free) for members of Nashik to give updates on matters related to profession. To join this send sms "Join NashikCAs" (inverted comma is not required) from your mobile to 567678.
To join an email group can...@googlegroups.com for members, send your email id (with introduction) to cvp...@gmail.com

Dear Students,
Similarly, the group for CA students of Nashik is "CAStudentNK". To receive update on CA course, examination, seminar etc. To join this sms group, send sms "Join CAStudentNK" (inverted comma is not required) from your mobile to 567678.

To join an email group castud...@googlegroups.com for CA Students, send your email id to cvp...@gmail.com

[CA Suhas Vadulekar]

I really don't understand logic behind making strict rules for transfer of articles. If a student don't want to serve a principal he should have an option to take transfer, but as per new rules he can't on his own apply for transfer, unless he satisfies one of the conditions. Secondly, what about students from business family ? If his / her parents are not re-located in another city, it is almost impossible for them to get transfer of articleship.
ICAI is making CA course complicated and costly.

Do anyone agree with or support the new rules made by ICAI ?


Suhas Vadulekar
Nashik.