ICAI Rules on condonation of delay: Submission of Registration Forms (Articles/ Firms)

ICAI Rules on submission of documents for condonation of delay in submission of Forms relating to Registration of Articles, Firms, etc. under Chartered Accountants (CA) Regulations, 1988

The ICAI has notified Rules relating to requirement of submission of documents as may be applicable for condonation of delay in submission of various Forms for ‘registration/ completion of articles/ supplementary articles, registration of firms, etc.’ under CA Regulations 1988, as under:

Documents to be submitted to ICAI in case of delay in submission certain Forms
Sr. No. Description Period of Delay Documents to be submitted for Verification by ICAI
1 Submission of form 103 for Registration of articles (Regulation 46(2)/69(2), 46(3)) Beyond 30 days and upto one year (i) Original deed of agreement executed in form 102 (ii) Work diary / attendance record (iii) Stipend proof (Pass Book/Bank Statement)
2 Submission of form 107 for Registration of supplementary articles (Regulation 50 / 71) Beyond 60 days and upto 6 months (i) original agreement executed in form 107 supplementary deed (ii) work diary / attendance record
 -do- Beyond 6 months condonation of delay cannot be condoned Above (i), (ii) and (iii) Stipend proof (Pass Book/Bank Statement)
3 Submission of form 108 for completion of articles (Regulation 61 / 75) Beyond 30 days and upto 3 years No documents required
 -do- Beyond 3 years Either (i) Work Diary, or (ii)Stipend Proof (Pass Book/Bank Statement), or (iii) Attendance proof, or (iv) Details of work done.
4 Submission of form 18 for Registration of Firm (regulation 190(4) (7) Beyond 6 months For delay beyond 6 months the condonation will be on case to case basis. Documents required are (i) Certified copy of original partnership Deed; (ii) Self Declaration by all the partners in the approved format; (iii) Income-tax return filed by the firm along with Profit and Loss A/c, Balance Sheet of the firm certified by an Chartered Accountant.

ICAI Announcement dt. 10 Jan. 2017 Rules Reg. Condonation of Delay

ICAI’s Amnesty Scheme for Students/ Articles for Condonation of Breach of CA Regulation 65 and 78 regarding Non submission of Form 112 by for pursuing other courses; provided there was no clash/ overlapping between working hours of Principal’s office and the College timings

The ICAI has decided to launch an Amnesty Scheme for the Students/ Articles 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. ICAI has decided to take 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.

ICAI Announcement dt. 10 Feb. 2017

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  1. Vipul Varshney

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