Our Recommendations :-
Follow FB Page Facebook

Articleship Secondment Rules as per ICAI

Articleship Secondment Rules : Regulation 54 specifically provides for secondment of articles with a view to provide the articled assistant the opportunity of gaining practical experience in areas where the Principal may not be in a position to provide the same. In simple words, this option gives a right to the CA Student to get registered for articleship under a CA and pursue articleship under some other CA.

This can be explained with the help of the following example. For eg: A CA Student registers with Mr. Raj for Articleship. Now Mr. Raj can allow the CA Student to stay registered under his CA Firm but work for Mr. Shyam. This arrangement if called Secondment of Articleship and ICAI has allowed such an arrangement under Regulation 54.

Articleship Secondment Rules as per ICAI

The Regulation also provides as under:-

  • Secondment is allowed with the mutual consent between the Principal and the articled assistant.
  • The articled assistant shall be seconded only to a member who is entitled to train one or more articled assistants in his own right or to a member in industry who is entitled to train one or more industrial trainees.
  • The member to whom the articled assistant is seconded will not be entitled to train more than two such articled assistants on secondment at a time.
  • The maximum period of secondment shall be one year which may be served with a single eligible member. The Council may permit secondment with more than one such member provided the minimum period of secondment shall be four months and the aggregate period served on secondment with such members shall not exceed one year.
  • Where an articled trainee is seconded to a member in industry, the total period spent in industry including the period of Industrial Training should not exceed one year
  • During the secondment the member with whom the articled assistant is seconded shall be required to pay the minimum stipend as per Regulation 48 and is responsible for imparting training and maintaining records and also required to forward the records to the Principal on completion of period of secondment.

Apart from the secondment of a trainee from one firm to another firm or to an industry, firms may exchange articled assistants on mutual basis for a limited period to the advantage of firms and trainees. Such an arrangement is also quite flexible like the scheme of secondment and enables the firms to overcome deficiency, if any, in practical training imparted to articled assistants.

Recommended Read : 

Top 7 things you must know before joining Articleship

10 Suggestions By ICAI President for CA Students

Download latest Internal Financial Control Format

Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  

Articleship Secondment Rules as per ICAI

Articleship Secondment Rules

Articleship Secondment Rules

At CAKART (https://www.cakart.in) you will get everything that you  need  to be successful in your CA CS CMA exam – India’s best faculty  video  classes (online or in pen drive) most popular books of best  authors  (ebooks hard copies) best scanners and all exam related information  and notifications.Visit www.cakart.in and chat with our  counsellors  any time. We are happy to help you make successful in your  exams.

Click here to watch India’s best CA CS CMA Video Classes.

Click here to see a list of India’s most popular CA CS CMA text book.

Click here to download FREE CA CS CMA books.


About Author: cakart

Leave a Reply

Your email address will not be published. Required fields are marked *

Chat with a counsellor
CA Final
Demo Videos
Watch Now