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CA Articles :: Termination/Transfer of Articles

ca,icwa,cs,acca,cima,cpa,icma,professional,accounting
10. CA Articles :: Termination/Transfer of Articles

Termination

Termination may take place
  1. On the articled clerk completing his period of training.
  2. By mutual consent between the articled clerk and the Principal before the completion of the training period in which case it amounts to transfer of articles from one Principal to another
  3. ca,icwa,cs,cima,icma,acca,cpa,accounting,profession
  4. On the articled clerk opting for Industrial Training.

Procedure

Whatever may be the reason for termination the following procedure has to be followed.

  1. The articled clerk is required to obtain a service certificate in Form No. 109 issued by the Institute along with training report as specified in the Training guide.
  2. The certificate is required to be submitted immediately on termination of articles along with the practical training report as specified in the Training Guide.

Transfer

The student may be required to transfer his articles from one principal to another in the following circumstances:
  1. In case articles training is served with the same Principal and in continuation of previous training without any break:
    1. Voluntarily where he terminates his articles with the current principal with mutual consent.
    2. Where the Principal ceases to practice.
    3. Where for any reason the name of the Principal is removed from the Register of Members.
    4. On the death of the Principal
    5. On the principal asking the student to vacate the service.

Procedure

  1. For Termination:

    The following procedure is to be followed at the time of transfer.
    ca,icwa,cs,cima,icma,acca,cpa,accounting,profession
    1. The articled clerk is required to obtain a service certificate in Form No. 109 issued by the Institute along with training report as specified in the Training guide.
    2. The certificate is required to be submitted immediately on termination of articles along with the practical training report as specified in the Training Guide.
    3. In case of death of the Principal, the articled clerk is required to submit a service certificate in the prescribed Form No. 110 or 111. The certificate in Form No. 110 is required to be issued by the Legal Representative. In case of the partnership firm the certificate in Form No. 111 is required to be issued by the Surviving Partner.
  2. For Re - Registration:

    The following procedure is to be followed at the time of Re-Registering with a new principal.
    1. In the event of re-registration, the student is required to submit the re-registration papers i.e. Form 103 so as to reach to the Institute's office within 30 days from the date of commencement of articled training.
    2. The deed of articles is required to be executed in Form No. 102 on a non-judicial stamp paper of the value applicable in the City / State where the employer is practicing. The original deed has to be retained by the Principal and a copy with the student.
    3. Where the Student / Principal is not able to submit the papers within 30 days and requires that the delay in submission of the papers may be condoned by the Council, they are required to submit the following document along with levy fees as fixed by the Council:
      1. Original Deed of articles duly executed on a non-judicial stamp paper.
      2. Work diary from the period of date of commencement to the date of submission of papers.
      3. Attendance Record for the aforesaid period.
      4. Stipend details in the form of Bank Pass-Book or Bank Statement.
    4. No registration fee is payable on re-registration except the payment of any dues payable to the institute like installment due etc

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