CA Articleship : ICAI issued FAQs on Practical Training

ca Articleship

CA students were having many questions and doubts about the 3 year practical training or Articleship which needs to be undergone by every CA student. The doubts were regarding the Lockdown period due to COVID-19. The Institute of Chartered Accountants of India (ICAI) issued Frequently Asked Questions (FAQs) on CA articleship to solve the doubts and queries

Frequently Asked Questions (FAQs) regarding Practical Training (CA Articleship)

S.No.QuestionsAnswers
1Whether the period of absence arising out of lockdown due to COVID -19 pandemic w.e.f 24th March, 2020 till 3rd May, 2020 shall be counted as leave or being on articleship for the students who are already registered and undergoing Practical Training as on 24th March, 2020.The period of absence arising out of lockdown due to COVID -19 pandemic w.e.f 24th March, 2020 till 3rd May, 2020 shall be counted as being on Practical Training for the aforesaid period for the students who are already registered and undergoing Practical Training as on 24th March, 2020.
2Whether the period of absence arising out of lockdown due to COVID -19 pandemic w.e.f 24th March, 2020 till 3rd May, 2020 shall be counted as leave or being on articleship for the students who were already on examination leaves during the said period.The period of absence w.e.f 24thMarch, 2020 till 3rd May, 2020 shall continue to be counted as leave for those students who were already on examination leave during the said period.
3Whether the intervening period arising out of the lockdown / unlockdown due to COVID -19 pandemic w.e.f 4th May, 2020 till 31st August, 2020 shall be counted as leave or being on articleship for the students who are already registered and undergoing Practical Training.The intervening period may be treated as being on articleship wherein articled assistants have been asked to work from home or otherwise due to different scenarios as given below:

1) The residence of the Article is in containment Zone

2) The office of the Principal is in containment Zone

3)Non- availability of public transport.

4) When there is still complete/partial lockdown in some states even after unlockdown.

Subject to abiding of instructions / advice of the principal by articled assistants.

However, due to non- abiding of instructions / advice of the principal by articled assistants, the intervening period shall be treated as Leave and he/she has to serve the excess period of leave under the same principal only.
4Whether there will be any effect on eligibility of appearance in Intermediate/final examination due to short fall in required service period/extension of articleship.The eligibility to appear in Intermediate/Final examinations for such students will not be affected due to short fall in required service period/extension of articleship. Council of ICAI approved that due to excess leave between 4th May 2020 to 31st August 2020 ,the attempt of these students will not be extended.In other words, students will be eligible to appear in the same attempt of Intermediate/Finalexamination in which they were supposed to appear.

However, these students will have to serve and complete remaining/excess period of Practical Training under the same principal.

Students may note that practical training is an integral part of CA Curriculum to hone up and prepare them adequately for being future ready and has to be completed and not only from statutory perspective of compliance with provisions under CA Act and Regulations but the value that practical training instills in students.
5What will be the eligibility of stipend for the period during lockdown/unlockdownThe eligibility of stipend for the period during lockdown / unlockdown will be decided mutually between the Principal and the Article based on the fact as to whether students were working/ available to work during these days.

Read Also: CA Exam form for November 2020 Re-Open : ICAI

Read Also: ICAI correction window open for Nov 2020 exams: Correct or Check

telegram
instagram
Disclaimer:The article or blog or post (by whatever name) in this website is based on the writer’s personal views and interpretation of Act. The writer does not accept any liabilities for any loss or damage of any kind arising out of information and for any actions taken in reliance thereon. 
Also, www.babatax.com and its members do not accept any liability, obligation or responsibility for author’s article and understanding of user.

For Collaboration with us-

Tags: blog

Related Articles

No Comments

Leave a Reply

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

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed