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Leaves allowed for CA Articleship Students Excess Leaves

Leaves allowed for CA Articleship Students Excess Leaves

Leaves allowed for CA Articleship Students Excess Leaves

  • An articled assistant shall earn at the rate of one-sixth of the period for which he has actually served, excluding from such period, the period for which he has been on leave subject to a maximum of 180 days.
  • An articled assistant who has served as an audit assistant before the commencement of his articles shall, in addition to the leave earned under this regulation, be entitled to leave equal to one-half of the leave earned and not availed of as an audit assistant, subject to a maximum of three months.
  • Leave due shall ordinarily be granted if reasonable notice has been given to the principal by the articled assistant.
  • For the purposes of preparing for an examination of the Institute, the articled assistant shall be granted by the Principal leave for three months or to the extent due, whichever is less, provided an application for the leave has been made at least fifteen day in advance.
  • Leave not earned may also be granted by the principal subject to the condition that the total leave to be taken by the articled assistant shall not exceed one-seventh of the total period of this actual service, together with the leave due under sub-regulation (2).
  • Notwithstanding anything contained in the foregoing sub-regulations, the principal shall allow the articled assistant to receive training in the Teritorial Army, the Home Guards or any similar organisation approved by the Council and shall treat the period of such training not exceeding sixty days in a year, as period actually served under articles.
  • For the purpose of this regulation, the days (including intervening holidays) on which an articled assistant appears for any examination under these Regulations or Attends a course of academy of accounting conducted by the Institute and recognised by the Council in this behalf, shall not be treated as have leave but would be treated as period actually served under articles.

Explanation –

(1) For the removal of doubts, it is clarified that attendance by an articled assistant with the consent of the principal, at a conference, including Course on Information Technology Training, and Course on General Management and Communication Skills or seminar organised by the Institute including a regional council or a students association or a branch or a regional council for the benefits of assistants, shall be treated as period acutally served under articles.

(2) An articled assistant who has secured admission in a course at an academy of accounting conducted by the Institute shall be relieved by the Principal, without termination of articles, for attending the academy.

Leaves allowed for CA Articleship Students Excess Leaves

CA Articleship Leaves Allowed, Calculation of Excess Leave

CA Articleship Leaves Allowed, Calculation of Excess Leave, Find Terms and Conditions for Excess Leaves During Articleship Period. Regulation 59 provides that an articled assistant shall earn leave at the rate of 1/6th of the period actually served excluding from such period, the period for which he has been on leave subject to a maximum of 156 in case of three years period of articled training. Leave due shall ordinarily be granted, if reasonable notice has been given to the Principal by the trainee.

In Simple Language An article assistant is eligible for taking leave equivalent to 1/6thof the articleship period served by him.

Leaves allowed for CA

Maximum Leaves Available to articles Assistance –  156 Days

Leaves allowed for CA Articleship Students Excess Leaves

Examples of computation of leave for 3 years of articleship training

Case I

A. Total number of days served (365×3) = 1095

B. Less: Total leave taken (other than weekly holidays) = 188

C. Actual Period served = 907

D. Entitlement of leave (1/6th of the actual period served) = (907/6) = 151

Excess Leave: (B – D) = 37

Leaves allowed for CA Articleship Students Excess Leaves

Case II

A. Total number of days served = 700

B. Less: Total leave taken (other than weekly holidays) = 140

C. Actual Period served = 560

D. Entitlement of leave (1/6th of the actual period served) = (560/6) = 93

Excess Leave: (B-D) 47

Leaves allowed for CA Articleship Students Excess Leaves

Case III

A. Total number of days served (365 × 3) = 1095

B. Less: Total leave taken (other than weekly holidays) = 137

C. Actual Period served = 958

D. Entitlement of leave (1/6th of the actual period served) = (958/6) = 160

Excess Leave: (B-D) NIL

Leaves allowed for CA Articleship Students Excess Leaves

Leave to an Articled Assistant

  • For the purposes of preparing for the examination of the Institute, the articled assistant shall be granted leave for three months or to the extent of leave due, whichever is less, provided an application for the leave has been made at least 15 days in advance to the Principal.
  • The days on which articled assistant appears for the examination conducted by the Institute (including intervening holidays) are counted as a period actually served under Articles.
  • The attendance by an articled assistants, with the consent of the Principal, at a conference including courses on ITT and GMCS or seminars organised by the Institute, including a Regional Council or a Students’ Association or a Branch of a Regional Council for the benefit of articled assistants, is treated as a part of the training as period actually served under articles.
  • The Principal shall also encourage articled assistants during the practical training to attend conferences, seminars, etc., relevant to the chartered accountancy course.
  • The details of the Seminars/Conferences attended by the articled assistant should be submitted to the Institute alongwith the Diary/Summary Report of Diary on completion of the Training period.
  • An articled assistant who takes leave in excess of the leave to which he / she is entitled is required to serve for a further period equivalent to the excess leave taken by him / her
  • Leave not earned may also be granted by the principal subject to the condition that the total leave to be taken by the articled assistant shall not exceed 1/7th of the total period of his actual service, together with the leave due under such regulation

Leaves allowed for CA Articleship Students Excess Leaves

Treatment for Taken Excess Leave

In case there is a break in the continuity of training and / or there is a change in the employer , an agreement, in form “107” would not be valid. In such a case, a fresh agreement in FORM “102” should be entered into and the particulars in form “103” should be sent to the office of Institute for registration within 30 days of the commencement of training.

A member may be granted an additional vacancy to engage an articled assistant whose normal term of training is over and he/she [the articled assistant) is found to have taken excess leave which is to be made up by an additional period of articles. It is the duty of the employer in such a case to ensure that the articled assistant completes the period of training under him including the period of excess leave. The benefit of an additional vacancy in such cases is given only where it could not have been reasonably anticipated that the articled assistant would have to serve an
extra period on account of the excess leave taken. Such additional vacancy may be given to the previous employer
or to any other chartered accountant entitled to train articled assistant(s).

Note:

1. The form should be submitted to the office of the Institute within 60 days. In case of delay in filing the form beyond the stipulated period, it has to be accompanied by a request for condonation and appropriate condonation fee as per the following schedule:

(i) Delay upto 30 days beyond the initial period = Rs. 100/-

(ii) Delay between 31 days – 180 days = Rs. 300/-

(iii) Delay beyond 181 days = Rs. 1000/-

Leaves allowed for CA Articleship Students Excess Leaves

Audit  Best Books

Subject Title

Author Names

Ca Final Professional Approach To Advanced Auditing (In 2 Modules)

Pankaj Garg

Notes On Auditing & Assurance An Easy Approach

Kamal Garg

Taxmann Ca Final Advanced Auditing And Professional Ethics

Tapan Jindal

Ca Final Advanced Auditing And Professional Ethics

Ca vinod kumar agarwal and ca aarti n lahoti

Cch Students Referencer On Standard On Auditing

G sekar & b saravana prasath

For more books visit www.cakart.in

Leaves allowed for CA Articleship Students Excess Leaves

Advance Management Accounting Best Books

Subject Title

Author Names

Ca Final Advanced Management Accounting (Vol 1 3): Cost Management/Operations Research/Theory

Rajesh Makkar

Ca Final Advanced Management Accounting(Set Of 2 Books)

Amresh jain

Problems & Solutions On Advance Management Accounting For Ca Final

Ca K Hariharan

Advanced Management Accounting Ca  Final

M. Ravi Kishore

Taxmann Ca Final Advanced Management Accounting Operations Research

J B Gupta

For more books visit www.cakart.in

Leaves allowed for CA Articleship Students Excess Leaves

Recommended read:

CA Scholarship for CA Students

Leaves allowed for CA Articleship Students Excess Leaves

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