The Chartered Accountants Act, 1949 w.e.f. 1st July, 1949.– as amended by The Chartered Accountants (Amendment) Act, 2006 w.e.f. 8th August, 2006 (some provisions coming into effect later as per respective dates notified) .

The Chartered Accountants Regulations, 1988 w.e.f. 1st June, 1988.

Membership Eligibility (Ss. 4 & 8 and Regn. 4 & 21)

The applicant

1. Has completed prescribed period of practical training.

2. Has passed the Final Examination.

3. Has attained twenty-one years of age.

4. Has completed the course on General Management & Communication Skills (GMCS)

5. Application in Form 2, payment of prescribed membership fee and entrance fee.

Eligibility to join the C. A. Course & Examinations (Regn. 45)

1. Eligibility for Common Proficiency Test (CPT) (Regn. 25C & 25D) – May enroll for the course if he has passed Class 10 examination. He may appear for CPT after appearing for Senior Secondary Examination (10 + 2) Examination or while positive result of the same is awaited. CPT Examination will be generally conducted two times a year.

2. Eligibility for Registration as Articled /Audit Assistant: Under the new scheme, a person is eligible for registration as articled /audit assistant if such a person has passed CPT and Group I of IPCC. CA student has to complete 100 hrs. or I.T.T. course and 35 hrs. of orientation course before joining articleship.

Integrated Professional Competence Course

(a) Requirements for IPCC Regn.:

Pass in 12th standard and CPT Exam (or Entrance/Foundation/PE-I)

(b) Requirements for appearance in IPCC Exam

Completion of 9 months study course

Final (Regn. 29)

Examination held in May and November every year. Conditions for eligibility as given below :

1. Should have passed Intermediate/PE-II Examination/ Professional Competence Examination (PCE)/IPCC

2. The student should have completed or is serving the last twelve months of Articleship as on the first day of the month in which the examination is held. (applicable in case of three years articleship; i.e., for the students who commence articles after PE II)

3. The students should have completed his articleship as on the first day of the month in which the examination is held (applicable to the students who commence articles after CPT, for a period of three and half years)

4. The student should have completed or is serving the last 6 months of articleship as on the first day of the month in which examination is held (applicable to students who commence articles after IPCC for a period of 3 years)

Members Entitlement to train articled assistant (Regn. 43).

Eligibility requirement for member giving practical training

a) Member should be in full time practice.

b) No. of trainees (articled assistant) given below :

No. of years in Practice	No.
0-3 years	1
3-5 years	3
5-10 years	7
10 yrs and above	10

In addition to the above full-time salaried employees who have continued as employee with the same employer for at least 12 months as on the date of registering as articled assistant shall also be entitled to give practical training as under –

Total number of members – irrespective of whether associate or fellow, who are full time salaried employees	Entitlement for articled trainees
Up to 100	1 articled assistant per employee
Between 101 and 500	100 articled assistants + 50% of the number of such employees above 100 (i.e., a maximum of 300)
From 501 or more	300 articled assistants + 20% of the number of such employees above 500

In case of discontinuance of practice, or resignation of partner such member shall not be entitled to train article assistant/s for the balance of their training period. Such articled assistant/s will continue to be trained in the same firm even though the other partners are already training up to their maximum entitlement.

Practical Training Record (Regn. 64)

A monthly record of practical training of the Articled/Audit Assistant is required to be maintained w.e.f. 1-4-1995 in respect of all articled trainees commencing articles thereafter.

1. A monthly training record specifying the areas in which the articled assistant has obtained work experience with corresponding No. of days is to be maintained by the member in charge of training (MIT) or Principal.

2. A report of the practical training on the basis of such monthly record is to be enclosed with Form 108/109 [Regulations 64(1) & 64(2)], in all cases of completion/termination.

(Refer Training Guide issued by the Institute)

Stipend for Articled Assistant (Regn. 48)

Minimum monthly stipend as shown below (w.e.f. 1st June, 2006)

1. Payment to be made by account payee cheque or credit to bank account of articled assistant. Stamped receipt to be obtained by principal.

2. Population figures on the basis of last published census figures.

Leave (Regn. 59)

Entitlement of leave** = Period worked (excluding leave)
                                                    6

** Subject to a maximum entitlement of 180 days leave for three and half years articleship and 156 days for three years articleship.

Stipend is payable only for such period and not for period of excess leave taken.

Period of training (Regn. 50, 71)

Articles assistant                     3 years & 6 months for PCC students
                                            3 years for PE-II qualified students.
                                            3 years for IPCC – GI qualified students

Audit assistant                        56 months for PCC students and 4 years for PE-II/
                                            IPCC qualified students

Transfer/Termination of Articleship [Regn. 56(1)]

In accordance with the decision of the Council, the transfer/termination of articleship in terms of Regulation 56(1) of the Chartered Accountants Regulations, 1988 shall be permissible to an articled assistant on satisfying any one or more of the conditions as stated below:

1. Medical grounds requiring discontinuance of articles for a minimum period of three months (on production of a Medical Certificate issued by a Government Hospital).

2. Transfer of a working parent to another city involving a distance of minimum 50 kms. (on production of a certified copy of the transfer order and the proof of relocation to another City).

3. Misconduct involving moral turpitude.

4. Other justifiable circumstances/reasons:

1. Grounds already permissible in the Chartered Accountants Regulations, 1988 (on submission of requisite proof of the Act warranting transfer/termination of articleship):

1. Industrial Training (Regulation 51)

2. Secondment of articles (Regulation 54)

3. Conversion from PCC to IPCC (for termination of articles only. Registration of articles to be allowed only after passing Group-I of IPCC)

4. Death of Principal [Regulation 57(1)(c)]

5. Ceasing of practice by the Principal [Regulation 57(1)(a)]

6. Removal of name of the Principal from the Register of Member due to any reason [Regulation 57(1)(b)]

2. Marriage basis (only if there is relocation to another city involving distance of 50 kms.).

3. Irregular payment or non payment of stipend with reference to Regulation 67.

4. Articled assistant desires to serve balance period of training outside India.

5. Shifting by the Principal to another city involving distance more than 50 kms.

The articled assistants are required, in the first instance, to get the consent of the Institute before getting Form 109 signed by the Principal, in their own interest.

The request, on any one or more of the aforesaid grounds, of an articled assistant on a plain paper with recommendations of the Principal for transfer / termination of articleship accompanied by evidence/proof (self-attested by the articled assistant) to the satisfaction of the Institute be made.

Training in Industry (Regn. 51, 72)

Office hours (Regn. 60)