Page 8 of 21 FirstFirst ... 45678910111218 ... LastLast
Results 71 to 80 of 208

Thread: The chartered accountants regulations, 1988

  1. #71

    Default Regulation 72 of The Chartered Accountants 1988 - Industrial Training

    72. Industrial Training


    '[(1) An audit clerk who has passed the Professional Education (Examination - II) or the Intermediate examination under these Regulations may, at his discretion, serve as an industrial trainee for the period specified in sub-regulation
    (2) in any of the financial, commercial, industrial undertakings with minimum fixed assets of Rs. 1 crore; or minimum total turnover of Rs.10 crores; or minimum paid-up share capital of Rs.50 lakhs; or such other institution or organisation as may be approved by the Council from time to time: PROVIDED that the audit clerk has intimated to his employer his intention to take such industrial training at least three months before the date on which such training is to commence.]


    '[(2) The period of industrial training may range between nine months and twelve months during the last year of the prescribed period of practical training.]


    (3) The industrial training shall be received under a member of the Institute. An associate who has been a member for a continuous period of at least three years shall be entitled to train one industrial trainee at a time and a fellow shall be entitled to train two industrial trainees at a time, whether
    such trainees be audit clerks or articled clerks.

    (4) An agreement of training shall be entered into in the form* approved by the Council.

    (5) On satisfactory completion of the Industrial training or termination of such training before its completion, the member training the industrial trainee shall forthwith issue to the trainee a certificate in the form** approved by the Council in respect of the training undergone under him and
    forward a copy thereof to the Secretary.

    (6) The period of industrial training, referred to under this regulation, shall be treated as service as audit clerk for all purposes of these Regulations, provided the certificate referred to in sub-regulation (5) is produced. 'Substituted for the following by Ntfn. No.l-CA(7)/19/92 published in the Gazette of India dated 7th March, 1992:-

    "(2) The period of industrial training may range between the last six months and the last twelve
    months of the prescribed period of practical training: PROVIDED that in the case of an audit cleric attending an academy of accounting conducted by the Institute, the period of industrial training may range between the last six months and the last nine months of the prescribed period of practical training."


    'Subsumed tor the following by Notification No. l-CA(7)/51/2000 published in the Gazette of India, Extraordinary dated 14th August, 2001:—

    "(1) An audit clerk who has passed the Intermediate Examination under these Regulations may,
    at his discretion, serve as an industrial trainee for the period specified in sub-regulation (2) in a
    financial, commercial or industrial undertaking whose total assets are not less than fifty lakhs of rupees or such other institution or organisation as may be approved by the Council: PROVIDED that the audit clerk has intimated to his employer his intention to take such industrial training.at least three months before the date on which such training is to commence."
    * Form '104' of Appendix No. (1).
    ** Form '105' of Appendix No. (1).

  2. #72

    Default Regulation 72A Course on General Management and Communication skills and period thereof

    '[72A. Course on General Management and Communication skills and period thereof.


    An audit clerk who has completed the practical training as provided in these Regulations, before applying for membership of the Institute, shall be required to attend a course on General Management and Communication Skills or any other course as may be specified by the Council from time to time and in the manner so specified.]



    'Inserted by Notification No. l-CA(7)/51/2000 published in the Gazette oflndia, Extraordinary dated 14th August, 2001.

  3. #73

    Default Regulation 73 of The Chartered Accountants 1988 - Recognition of service with Armed Forces

    73. Recognition of service with Armed Forces


    For the purposes of Regulation 71, service with Armed Forces rendered by an audit clerk for a period not exceeding two years, shall be deemed to be service as an audit clerk.

  4. #74

    Default Regulation 74 of The Chartered Accountants 1988 - Leave to an Audit Clerk

    74. Leave to an Audit Clerk

    (1) An audit clerk may be allowed such leave of absence as he earns in accordance with his terms of employment but such leave shall not exceed one-seventh of the period, for which he has served excluding from such period, the period for which he has been on leave.


    (2) An audit clerk who has served as an articled clerk before the commencement of his audit service shall, in addition to the leave earned under this regulation, be entitled to leave earned and not availed of by him as an articled clerk, subject to a maximum of two months.


    (3) Leave of absence may ordinarily be granted to an audit clerk only for a period aggregating to not more than one-seventh of the period actually served, till the time the leave is availed of.


    (4) For the purpose of preparing for an examination of the Institute, the audit clerk shall be granted by the employer leave for two months or to the extent due, whichever is less, provided an application for leave has been made at least fifteen days in advance.


    (5) Leave not earned may also be granted by the employer subject to the condition that the total leave to be taken by the audit clerk shall not exceed one-seventh of the total period of his actual service, together with leave due under sub-regulation (2).

    (6) Notwithstanding anything contained in the foregoing sub-regulations, the employer shall allow the audit clerk to receive training in the Territorial 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 as an audit clerk.


    (7) For the purpose of this regulation, the days (including intervening holidays) on which an audit clerk 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 leave but would be treated as period actually served as an audit clerk.

    Explanation—For the removal of doubts, it is clarified that attendance by an audit clerk, with the consent of the principal, at a conference, course or seminar organised by the Institute including a regional council or students' association or a branch of a regional council for the benefit of students, shall be treated as period actually served as an audit clerk.

  5. #75

    Default Regulation 75 of The Chartered Accountants 1988 - Certificate of Service

    75. Certificate of Service

    (1) The employer shall, on completion of the service of an audit clerk, forthwith issue a certificate in respect of the service rendered under him in the form* approved by the Council and forward a copy thereof, duly signed by both the employer and the audit clerk, to the Secretary.

    Explanation—For the purpose of this regulation, the audit service shall be terminated on the audit clerk opting for industrial training.

    (2) Where the employer is unable to obtain the signatures of the audit clerk within thirty days of completion of the service, he may forward the certificate to the Secretary, duly signed by himself without the requisite signatures of the audit clerk, within forty-five days of the completion of the
    service and send two copies thereof to the last known address of the audit clerk by registered post.

    (3) The audit clerk shall, upon receipt of the certificate referred to in sub-regulation (2), sign one copy thereof and forward the same to the Secretary forthwith.



    * Form '114' of Appendix No. (1).

  6. #76

    Default Regulation 76 of The Chartered Accountants 1988 - Certificate of Service on the Death of the Employer

    76. Certificate of Service on the Death of the Employer


    Where the employer dies, his legal representative or where, at the time of his death, he was carrying on practice with another member the surviving partner, shall within thirty days from the death of the employer, issue to the audit clerk a certificate in the form* approved by the Council in respect of the service rendered and forward a copy mereof to the Secretary.


    * Form '115' and '116' of Appendix No. (1).

  7. #77

    Default Regulation 77 of The Chartered Accountants 1988 - Proof of training in the absence of a certificate

    77. Proof of training in the absence of a certificate


    In the case of a person who is unable to produce, for a valid reason, a certificate in the form approved by the Council from an appropriate person, the Council may require such proof as it may determine that the former person has served as an audit clerk for the period required by Regulation
    71.

  8. #78

    Default Regulation 78 of The Chartered Accountants 1988 - Audit Clerk not to engage in any other Occupation

    78. Audit Clerk not to engage in any other Occupation


    Without the previous permission of the Council obtained on application made in the approved form* no audit clerk during the period of his service as an audit clerk, take any other course of study or training, whether academic or professional, or engage in any business or occupation.



    ** Form '112' of Appendix No. (1).

  9. #79

    Default Regulation 79 of The Chartered Accountants 1988 - Enquiries against Audit Clerks

    79. Enquiries against Audit Clerks


    (1) Where a complaint or information of any misconduct or breach of Regulation 78 is received against an audit clerk from his employer or any other person the President or the Vice-President as the Executive Committee may decide from time to time, may cause an investigation to be made.

    (2) The Executive Committee may, on a consideration of the report of the investigation and after giving the audit clerk an opportunity of being heard, make any of the following orders, namely:—

    (i) direct that the papers be filed and the complaint be dismissed, if the Executive Committee finds that the audit clerk is not guilty of any misconduct or a breach of Regulation 78; or

    (ii) if the audit clerk is found guilty, reprimand the audit clerk or cancel the registration of audit service or direct that any period already served as an audit clerk shall not be reckoned as service, for the purpose of the period of practical training specified in Regulation 71.

    (3) The audit clerk, the registration of whose audit service has been cancelled under this regulation, shall not, except with the permission of the Executive Committee, be retained or taken as an audit clerk, or an articled clerk by any member.

    Explanation—For the purpose of this regulation, an audit clerk includes a person who at the relevant time was registered as such.

  10. #80

    Default Regulation 80 of The Chartered Accountants 1988 - Complaint against the Employer

    80. Complaint against the Employer


    (1) Where an audit clerk makes a complaint against his employer on a matter concerning his training as an audit clerk, the President or the Vice President as the Executive Committee may decide from time to time, may cause an investigation to be made and submit a report to the Executive Committee.

    (2) The Executive Committee shall submit the report of thle investigation to the Council with its recommendations.

    (3) The Council may, on a consideration of the report of the Executive Committee, pass such order as it may consider expedient, including an order withdrawing the entitlement of the employer to train audit clerks either permanently or for a specified period: PROVIDED that no order withdrawing the entitlement of the employer to train audit clerks shall be passed without giving him an opportunity of
    being heard.

    Explanation—An order passed by the Council under this regulation shall be without prejudice to any action that the Council may take against the employer under Section 21.


    (4) The President or the Vice-President as the Executive Committee may decide from time to time may, pending an investigation of the complaint, either terminate or suspend the audit service and allow the audit clerk to be accepted as additional audit clerk by a member, notwithstanding
    anything contained in Regulation 68.


    Explanation—For the purpose of this regulation, an audit clerk includes a person who at the relevant time was registered as such.

Page 8 of 21 FirstFirst ... 45678910111218 ... LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • Register / Login to post new threads
  • Register / Login to post replies
  • Register / Login to post attachments
  • You may not edit your posts
  •