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CA IPCC Articleship, CA IPCC direct entry Articleship rules

CA IPCC direct entry articleship rules: This blog has the information of CA Articleship after the completion of CA Intermediate | CA IPCC.

ca-ipcc-articleship-procedure

ca-ipcc-articleship-procedure

Along with this CA IPCC direct entry Articleship Rules article you also must read the following articles

Important Note – Preparing for CA IPCC?
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The articles below will help you with everything you will need to register for the IPCC Exam with dates,syllabus,admit card and result.

IPCC Registration

IPCC syllabus

IPCC admit card

IPCC exam date 

IPCC Result

Now back to the ca ipcc direct entry articleship rules

To Register for IPCC Articleship:

1. You should have passed One (Group I)  or Both Groups of IPCC and completed the required ITT training and Orientation programmes.

(or)

2. Graduates who are eligible to join the course under direct entry scheme

Note: Students under direct entry scheme can join articleship directly without undergoing ITT and orientation but the same has to be undergone by the time you are writing the IPCC Exams.

Recommended Read: CA Articleship Registration form,process,fees,last date,status

Step-wise ipcc articleship status Registration Procedure is as follows:

1. Purchase the Articleship Registration Form 103&102 from the respective  Branch offices near to you.

Note: Online Download is not valid for registration the form has to be purchased by paying Rs.50/-

2.Fill in the form and submit one copy of the form 103  along with the prescribed registration fee and supporting documents.

3. Prescribed fee for registration of Articleship is Rs.2000/- one time fee.

4. Supporting Documents to be submitted duly attested by a chartered accountant (Principal).

  • IPCC Passed Certificate ( Group I or both groups )
  • ITT Certificate (not applicable in case of Direct Entry Scheme)
  • Orientation Certificate (not applicable in case of Direct Entry Scheme)

5. The other two copies of the form 103 are to be kept with the Principal and the student.

6. The copies of the form 102 has to be kept one with the principal and other with the student .

Note : Form 102 is not to be sent to ICAI

7. The Identity card supplied is to be filled in and attested by your principal along with the photograph has to be sent to ICAI along with the Form 103.

CA IPCC Articleship Procedure, ipcc articleship form, ca ipcc articleship duration– Details

(1) Form – 102 :

CA IPCC direct entry articleship rules: While filling form 102 care should be taken so that

(1) The deed of articles is executed on a Non Judicial Stamp Paper or Special Adhesive Stamp paper.

(2) And it is executed for a period of 3 years.

(3) Duplicate copy is retained by article assistants whereas the original one is kept with principal. Both article assistant and principal have to sign on these.

(4) Unless in any cases of extreme delay in registration from the date of joining it is not required to send form 102 to ICAI.

(2) Form- 103 :

CA IPCC direct entry articleship rules: Form 103 contains triplicate copies among which each one is for article assistant, ICAI, principal. This is also should be signed by both principal and article assistant. Along with form 103 following also should be attached before sending to ICAI :

(A) Attested Copy of completion of ITT and Orientation Program.

(B) Required amount fees(in the form of DD or cheque)

(C)Attested copy of mark-sheet of IPCC Exams.

(D)Attested copy of Secondary/ Higher School Certificate as proof of Date of Birth.

All these forms should be Attested by the principal under whim one is getting registered as article trainee.

Articleship Registration Form 103 along with the requisite documents and fees should reach ICAI within 30 days from the date of commencement of articleship.

CA Intermediate | CA IPCC Articleship Procedure – Details

Late submission :

CA IPCC direct entry articleship rules: In case, if it is unable to submit Form 103 within 30 days, Form 103 should be accompanied by a hand written letter stating the reason for late submission of the articleship form. This application letter is an application for Condonation of Delay and should be signed by both the article assistant as well as the principal.

The article assistant is also required to pay a fee for delay in submission of the Form. The fee is as follows:-

Period of Delay Fees for Con-donation
30 days beyond the specified period Rs. 100/-
31-180 days beyond the specified period Rs. 300/-
Beyond 181 days Rs. 1,000/-

CA IPCC direct entry articleship rules: On processing the lately submitted form 103 ICAI may further ask for the following to ensure that the delay is due to valid reasons

1. Attendance Record of the Articled Assistant.

2. Original Deed of Articles in Form 102, executed on a non-judicial stamp paper.

3. Certified Copy of the work diary of the articled assistant.

4. Stipend Details – In the form of bank statement.

Form – 112 :

CA IPCC direct entry articleship rules: In case an applicant wants to pursue any other course along with articleship, he would be required to obtain the permission of ICAI within one 1 month of starting such course by submitting an application in Form 112.

Along with form 103 one is required to send the id card he got while buying the form 103, by attesting with the principal to ICAI. The Identity Card will be stamped by ICAI and returned back to the student in a plastic cover along with the registration letter.

Must Read: CA Articleship Registration form,process,fees,last date,status

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CA Intermediate | CA IPCC Articleship Procedure - Details

CA Intermediate | CA IPCC Articleship Procedure – Details

Along with CA IPCC direct entry articleship rules , get these study material for CA IPCC Exam

CA IPCC direct entry articleship rules : Please note that thousands of students are using IPCC exam study material from CAKART to pass the IPCC exam. Most of these study materials are available for free. These are curated by exam experts who have been toppers in the past. Click on the links below to access.

IPCC scanner

IPCC Video Lectures

IPCC best books for self study

IPCC question papers

IPCC Study material

IPCC Notes

IPCC Mock Test papers

IPCC RTP

IPCC study plan

Frequently asked questions for CA IPCC,CA Intermediate Articleship Procedure

Important Note – Preparing for CA IPCC?
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  

Q1. When Student can start CA articleship procedure?

ca ipcc direct entry articleship rules : After clearing 1st Group or both Groups of CA-IPCC, you have to undergo 3 years of Articleship under a CA.

Note : You can start your CA Articleship after clearing IPCC Group I, but you can register for CA Final only after clearing both the groups of IPCC.

You have to mandatorily serve under a CA in practice for the first 2 years of Articleship. Last year of Articleship can be served with under a CA in practice or under a Chartered Accountant in employment which is called as Industrial Training.

Q2. How Student can register for CA IPCC articleship?

ca ipcc direct entry articleship rules : You have to apply in a Firm which has CA Articleship vacancy trainees. There you will be registered under a Chartered Accountant who will be your “Principal”.

All the CA Firms are not eligible to provide CA Articleship Training to the students. ICAI has imposed a limit on CAs for registering the Articles under them.

CA in continuous practice for a period of: Maximum no. of Articles allowed to train
Upto 3 years 1 Article Assistant
3-5 years 3 Article Assistant
5-10 years 7 Article Assistant
More than 10 years 10 Article Assistant

Example: A CA Firm has 4 Chartered Accountant Partners. All 3 are having more than 10 years of experience. Then the total number of Articles that the CA Firm can hire are: 4 x 10 = 40 Articles.

You have to intimate ICAI about your Registration under that particular CA.

You have to Purchase the Articleship Registration Forms viz. Form 102 & Form 103.

Q3. What is CA IPCC articleship transfer new rule?

ca ipcc direct entry articleship rules : After a CA Student is required to pursue 3 years of Articleship Training under a Chartered Accountant as a part of the CA Curriculum. During this 3 year articleship period he is allowed to take leaves and can also take articleship transfer.

Q4. What is CA IPCC articleship registration procedure?

ca ipcc direct entry articleship rules :

  1. Purchase the Articleship Registration Form 103 & 102 from the respective  Branch offices near to you.

       Note: Online Download is not valid for registration the form has to be purchased by paying Rs.50/-

      2.Fill in the form and submit one copy of the form 103  along with the prescribed registration fee and supporting documents.

  1. Prescribed fee for registration of Articleship is Rs.2000/- one time fee.
  2. Supporting Documents to be submitted duly attested by a chartered accountant (Principal).
  • IPCC Passed Certificate ( Group I or both groups )
  • ITT Certificate (not applicable in case of Direct Entry Scheme)
  • Orientation Certificate (not applicable in case of Direct Entry Scheme)
  1. The other two copies of the form 103 are to be kept with the Principal and the student.
  2. The copies of the form 102 has to be kept one with the principal and other with the student

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