Excess Leave by CA articled assistant and Supplementary Articles Deed – Amendments in Regulations 58 of Chartered Accountants Regulations, 1988
The Ministry of Corporate Affairs (MCA), Govt. of India, has notified the Chartered Accountants (Amendment) Regulations, 2021. An amendment has been made in Regulations 58 of Chartered Accountants Regulations, 1988 with respect to excess Leave by CA articled assistant and Supplementary Articles Deed.
The Institute has implemented the revised Regulation 58 as under:
Regulation 58. Supplementary Articles
(1) An articled assistant who has taken leave in excess of the period of leave to which he is entitled under Regulation 59 shall be required to serve for a further period equivalent to the excess leave taken by him.
(2) The period of excess leave taken shall be served under the principal with whom such articled assistant last served his articles and a supplementary deed of articles in the form approved by the Council (Form 107) shall be executed in continuation of the previous articles.
(3) The supplementary deed, duly stamped, shall be sent to the Secretary for registration so as to reach him within 60 days of the expiry of the previous articles. No fee shall be charged for the registration of such supplementary deed of articles:
Provided that the Executive Committee may condone the delay in sending the supplementary deed in appropriate cases
CBDT condones delay in filing Form No. 10AB furnished electronically between 01.10.2025 to 31.03.2026. CBDT has condoned the delay in…
Supreme Court expresses serious concerns over AI generated judgments/paragraphs relied upon by the NCLT/NCLAT In a recent judgment, the Hon'ble…
ICAI to take disciplinary action for quoting very low and incommensurate fee by Chartered Accountants As per the announcement made…
NSDL latest e-TDS TCS RPU Version 6.0 from FY 2007-08 NSDL has revised the e-TDS TCS RPU utility for preparing…
Requirement for filing Form 67 for claiming Foreign Tax Credit (FTC) is only directory and not mandatory - ITAT In…
Limitation for invoking revisional jurisdiction u/s 263 with respect to issues not covered in re-assessment would start from the original…