How to Transfer Articleship During the First Year of CA Program in India

Transferring articleship during the first year of the Chartered Accountancy (CA) program in India involves following a specific procedure laid down by the Institute of Chartered Accountants of India (ICAI). This guide will help you through the process step by step.

1. Eligibility for Transfer

First-Year Transfer: A CA student is allowed to transfer during the first year of articleship without the need for any special permission from ICAI. Valid reasons for requesting a transfer may include personal issues, lack of proper training, or health problems.

2. Obtain No Objection Certificate (NOC)

From Current Principal: The student must obtain a No Objection Certificate (NOC) from their current principal, who is the CA under whom they are training. This document states that the principal has no objection to the transfer.

3. Find a New Firm and Discuss Terms

Search for a New Principal: The student should look for a new CA firm willing to accept them as an articled assistant. It is important to discuss and finalize the terms of articleship with the new principal.

4. Fill Out the Transfer Application ICAI Form

ICAI Form: The student needs to fill out the prescribed form for the transfer of articleship. This form is usually available on the ICAI website or can be obtained from the local ICAI office. Attach the NOC from the current principal and any other required documents.

5. Submit the Transfer Application to ICAI

To Regional Office of ICAI: Submit the completed transfer application along with the necessary documents to the regional office of ICAI. Ensure to get an acknowledgment receipt for the submitted application.

6. Commencement of New Articleship

Start Fresh: Upon approval from ICAI, the student can begin their articleship with the new principal. The new principal may require the student to fill out certain forms or documents to formalize the commencement of the new articleship.

7. Record Keeping

Maintain Records: Keep copies of all documents submitted and received for personal records and future reference. It is important to follow up on the status of the transfer application regularly.

Important Points to Note

Timing: It is advisable to initiate the transfer process as soon as the decision is made as it may take some time for approval.

Professional Conduct: Maintain professionalism throughout the process, especially while communicating with the current and new principals.

Limitations: After the first year, transfers may require special permission from ICAI and are subject to certain restrictions.

By following these steps, a CA student can successfully transfer their articleship during the first year. Always check the latest guidelines from ICAI as policies can change.