ICAI has issued notification that students who have not completed GMCS I within 1 yr of articleship should complete it before DECEMBER 2016. I m in second yr of articleship and haven't completed GMCS I yet. I 'm not in a plan to complete it before DECEMBER 2016 due to some obligations. What will happen if i don't complete it within the time frame given by ICAI? and wht remedy will i have then?
Dear Anonymous, ICAI has famed CA course in such a way that certain things should be done within the prescribed time period so I recommend you to join GMCS 1 as soon as possible but there are also possibility that you would not get seat in the very next batch but ICAI has issued guidelines that you have to join GMCS 1 within 1yr but it is not compulsary to complete it within 1yr. But it should be completed within 2yrs or else you wouldn't be entitled to write CA final Examinations.