Download our Powerful Android App: Click Here to Download
Students who doing some other course with CA required to file form 112 and have to submit with ICAI at the time of registering for articleship. This is a mandatory form and non compliance will lead to have some serious complications at the time of registering as a Member.
As per my understanding most of the students have doing their graduation in line with CA Articleship tenure and forgot to submit form 112 as they think it is not mandatory. Even students doing graduation correspondence are required to fill the form 112.
Good news for those for who has not submitted with ICAI till now. As per ICAI announcement now students have an opportunity to submit the form 112 who had forgotten to submit. The Condonation is available for the students for 9 months from the date of 10th Feb, 2017. Therefore students are required to fill form 112 on or before 9th Nov,2017 with Condonation fee Rs 5000/-
Today ICAI on its website announces as follows:
Condonation of Breach of Regulation 65 & 78 – Non submission of Form 112
The Council of the Institute has decided to condone the delay in submission of Form 112 for having pursued additional / other course of study along with articleship through correspondence mode of study or by attending regular classes provided there was no clash/overlapping between working hours of Principal’s office and the College timings by taking a liberal view of the lapse on the part of the students concerned as an amnesty measure on payment of Rs. 5,000/- as condonation fee. This concession will be available for a period of nine months from the date of issue of this announcement.
Accordingly, it is hereby announced for information of all concerned that the students / articled assistants who have not yet taken permission for pursuing a course of study – whether academic or professional – along with articleship are advised, in their own interest, to seek ex-post facto permission of the Council by submitting Form 112 along with payment of Rs. 5,000/- as condonation fee. The Form 112 which can be downloaded from http://www.icai.org should be submitted along with requisite fee to the concerned Regional Office of the Institute within a period of nine months from the date of this announcement.
It may be noted that no request for condonation of breach of Regulation 65 & 78 for delay in submission of Form 112 will be considered after nine months i.e the expiry of the aforesaid period of nine months.
It is also notified that wherever any statement made by a student or member is found to be false or varying with the facts discovered during the scrutiny process or later at any stage, the student and/ or member concerned will be liable to be proceeded with in accordance with the provisions of the Chartered Accountants Act, 1949 and Rules/ Regulations framed thereunder.
The said announcement can be accesable from the below link: