The
brief Summary of Leave for article clerk of CA students (Regulation
59) is given below for reference. CA students should be aware that during the
period of CA examination (including the intervening holidays) are entitled to
be present and should not be marked Leave.
Regulation
59. Leave to an articled clerk of ICAI
1.
An
articled assistant shall earn at the rate of one-sixth of the
period for which he has actually served, excluding from such period, the period
for which he has been on leave subject to a maximum of 180 days.
2.
An
articled assistant who has served as an audit assistant before the
commencement of his articles shall, in addition to the leave earned under this
regulation, be entitled to leave equal to one-half of the leave earned and not
availed of as an audit assistant, subject to a maximum of three months.
3.
Leave due shall
ordinarily be granted if reasonable notice has been given to the principal by
the articled assistant.
4.
For the purposes of
preparing for an examination of the Institute, the articled assistant shall
be granted by the Principal leave for three months or to the extent due,
whichever is less, provided an application for the leave has been
made at least fifteen day in advance.
5.
Leave not earned may
also be granted by the principal subject to the condition that the total leave
to be taken by the articled assistant shall not exceed one-seventh of the
total period of this actual service, together with the leave due under
sub-regulation (2).
6.
Notwithstanding anything
contained in the foregoing sub-regulations, the principal shall allow the
articled assistant to receive training in the Teritorial 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 under articles.
7.
For
the purpose of this regulation, the days (including intervening holidays) on
which an articled assistant 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 have
leave but would be treated as period actually served under articles. Explanation – (1) For the removal of doubts, it
is clarified that attendance by an articled assistant with the consent of
the principal, at a conference, including Course on Information Technology
Training, and Course on General Management and Communication
Skills or seminar organised by the Institute including a regional council
or a students association or a branch or a regional council for the benefits of
assistants, shall be treated as period acutally served under articles.(2) An
articled assistant who has secured admission in a course at an academy of
accounting conducted by the Institute shall be relieved by the Principal,
without termination of articles, for attending the academy.
As
per my view this article might be useful because most of us are unaware of the
fact that during the examination we are actually serving for articleship
training and it should not be marked leave.
