Can CA Articleship extension rules?

Extension of Articleship | Excess Articleship Leaves The supplementary deed in duplicate along with Form 108 or Form 119 as the case may be for the period already served should be sent so as to reach the Office of the Institute within 60 days of the expiry of the normal term of articles.

How many leaves can be taken during Articleship?

ICAI grants 156 leaves to a CA student during his / her articleship. However, the calculation of leaves is based on 1/6 of the days present in the firm. E.g. You have to do articleship for 3 years i.e. 365 x 3 = 1095 days. Now, 1095 includes the days of leaves.

How many leaves are there in CA Articleship?

There is total of 157 days leave which an article can take during the articleship period. There is no fixed leave been granted for CA final preparations. It depends on the number of days of leave pending with you and the willingness of your principal.

Can Articleship be terminated?

Download Form 109 for Termination of Articleship In order to take the transfer, the candidate has to fill Form 109 issued by ICAI for the termination of articleship. The termination letter is required to be submitted to the ICAI apart from the articleship training report as specified in the training guide.

What if principal is not signing Form 108?

As soon as he signs you are free from every boundation. Try to request CA again. Even after that, he doesn’t agree to sign the Form 108 for completion, then approach ICAI Regional Office (WIRC, NIRC etc) and meet with Chairman. You can even post your query on E-Sahayata portal of ICAI.

Is it compulsory to serve extended period of articleship under same principal?

It is not compulsory to serve the extended period of articleship under the same principal with whom you have served before. If the principal mentions excess leaves in Termination Form, the same excess leave can be served by getting registered under another Chartered Accountant, this new deed has to be submitted to ICAI for their record.

Can an articled assistant serve an extension under a different principal?

Our free calculator shows what a ransomware attack could cost your business, it’s more than you think. Yes, once the official 3 year period is over and Form 108 has been filled, the articled assistant has the choice of serving the extension under the same principal or under a new principal of his own choice.

Can I serve my extension under some one else?

Yes. I agree with Annu but you cannot serve under anyone else if you have crossed the first year of articleship. Just check with your principal if he agrees to let you serve your extension under some one else unofficially. Haven’t come across any such situation till now.

Can I transfer my articleship to an articled assistant?

Your case doesn’t appear to be falling in any of case below: 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: –