On completion of Articleship, a CA Pupil is required to submit Kind 108 to ICAI through which he’s required to furnish all related particulars pertaining to Articleship. This Kind 108 is mandatorily required to be submitted by a CA Pupil with ICAI on completion of the articleship.
An article assistant is not going to be eligible for the membership of ICAI until he produces a certificates in Kind 108 for the completion of articleship duely signed by the member underneath whom the articleship is being pursued.
- Really helpful Learn: Process to use for Membership of ICAI
Kind 108 is barely required to be submitted on completion of the complete interval of articleship. In case a CA Pupil takes a switch earlier than the complete interval of articleship, in such instances Kind 109 could be required to be submitted with ICAI.
Really helpful Learn:-
- Obtain Kind 108 for Articleship Completion Certificates
Kind 108 – Particulars to be furnished
ICAI Kind 108 is a kind which is required to be submitted by an article assistant on completion of full interval of articleship. All particulars pertaining to articleship are required to be talked about in Kind 108.
The time spent by a CA Pupil in numerous work areas are additionally required to be talked about within the Kind 108. This time is required to be talked about in weeks. Some other work space not falling underneath the captions given must also be specified.
The variety of days/weeks could also be indicated on the premise of fundamental data akin to each day time sheets, diaries and so forth and within the absence of any such document, it needs to be primarily based on the most effective estimate. The no. of days/ weeks associated to every class could also be equated primarily based on the usual no. of working hours/ days/weeks.
The small print of the Financial institution Account No., Financial institution Title & Department through which the stipend has been usually deposited are additionally required to be furnished in Kind 108.
In case an individual has opted for Secondment of Articleship, separate data ought to ideally be maintained in such instances and needs to be counter signed by the member underneath whom the CA Article Trainee has pursued his coaching.
- Really helpful Learn: All about Secondment of Articleship
Time Restrict for submitting Kind 108
Kind 108 needs to be submitted with ICAI inside 30 days. In case of delay in submitting the shape past the stipulated interval, it needs to be accompanied by a request for condonation and applicable condonation charges could be required to be paid. The charges for be paid is as observe:-
| Interval of Delay | Condonation Charges for Delay |
| Delay upto 30 days after the preliminary 30 days | Rs. 100 |
| Delay between 31 to 180 days | Rs. 300 |
| Delay past 181 days | Rs. 1,000 |
Signing of Kind 108
Kind 108 for completion of Articleship is mandatorily required to be signed by the Principal underneath all circumstances. It ought to ideally be signed by the Article Trainee as nicely.
Nevertheless, the place the principal is unable to acquire signatures of article assistant inside 30 days of completion of the service, he might ahead the certificates duly signed solely by himself to ICAI, with out requisite signature of the article assistant, inside 45 days of the completion of service and ship 2 copies thereof to the final identified deal with of the Article Assistant by Registered Put up.
Different Related Factors relating to Kind 108
- In case of extra leaves taken by an Article Assistant, Kind 107 is required to be submitted. (Obtain Kind 107)
- In case of completion of articleship, a CA Article Assistant may submit Kind 119 as a request by the Article Assistant to this Principal for issuance of Service Certificates. (Obtain Kind 119)
- Any correction within the Kind 108 (incl corrected by whitener) needs to be countersigned by the Principal in addition to the Articled Assistant.