Documente Academic
Documente Profesional
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Table of Content
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• ICAI Motto 03
• ICAI Vision 03
• ICAI Mission 03
• ICAI Overview 04
• ICAI National Network 05
• ICAI’s Chapter aiding to ICAI’s success story 06
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• President 07
• Vice President 08
• Chairman (Abu Dhabi) 09
• Charman (Dubai) 10
ì ß¾±«¬ ݸ¿°¬»®- 20
• Activities of the Chapter 21
• Contact Details of the Chapter 22
ë ײº±®³¿¬·±² λ-±«®½» 23
• Information on MoU/MRA 23
• FAQs for Foreign members Abroad 25
• Guidelines for Articleship abroad 35
׳°±®¬¿²¬ Ò±¬»-
This welcome pack is prepared with a view to furnish you with the important information that a member
may want to know when he arrives in the UAE to take up an employment or set up his professional firm.
The contents should be construed as the regulations or laws that are in force in the country.
Similarly, as the socio economic parameters keep changing in this vibrant economy and the information
included in this welcome pack is based on the current factors as on 1 May 2014, the reader is requested
to discuss the facts with the concerned authorities to understand the changes if any, that may have taken
place since the date of publishing this booklet.
The information contained in the document is for internal circulation and meant for ICAI members to give
them an overview of the activities of the Chapter and to facilitate and guide the members.
Each country has a distinct visa requirement and for all professional and business engagements, the visa
has to be sponsored from the sponsoring authority.
This document does not promote UAE either for practice/ employment. The users of the information
need to update the requirements before taking any decision in this regard. The benchmark of success
of individual members may differ between individual members depending upon the skills, aptitude and
professional dexterity.
(That person who is awake in those that sleep, shaping desire after desire, that, indeed, is the pure.
That is Brahman, that, indeed, is called the immortal. In it all the
worlds rest and no one ever goes beyond it.
This, verily, is that, kamam kamam : desire after desire, really objects of desire.
Even dream objects like objects of waking consciousness are due to the Supreme Person.
Even dream consciousness is a proof of the existence of the self.
No one ever goes beyond it : cf. Eckhart : ‘On reaching God all progress ends.’)
Source : Kathopanishad
World’s leading accounting body, a regulator and ICAI will leverage technology and infrastructure and
developer of trusted and independent professionals partner with its stakeholders to:
with world class competencies in accounting,
assurance, taxation, finance and business advisory Impart world class education, training and
services. professional development opportunities to create
global professionals.
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The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants
Act, 1949 and the Chartered Accountants Regulations, 1988. The Council is composed of 40 members of
whom 32 are elected by the members and remaining 8 are nominated by the Central Government generally
representing the Comptroller and Auditor General of India, Ministry of Corporate Affairs, Ministry of Finance,
and other stakeholders.
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CA. K. Raghu
President, ICAI
The era of globalization of businesses, need for globally benchmarked professionals and economies facing
commonality of issues is something which characterize the trade and businesses universally. Coupled with this
the expansion, the role of the accountancy profession has assumed wider significance in an era dominated by
rather fluctuating levels of economic activity. Never before has been the ever growing space for professionals
who are equipped with internationally benchmarked qualifications and competency levels, so steadily
expanding. The businesses and the end users today need high quality information value chain and in that
direction it has been the pioneering effort by the Institute of Chartered Accountants of India to produce world
class accountants possessing multi tasking abilities, having strong connect with the information technology
and highly rated in most of the soft skills norms so as to be of continued utility to the stakeholders.
In the present scenario, the Indian accountants have become increasingly sought after, especially in the
fast-developing nations. In India, the world’s developing economic superpower, demand for accountants
has exploded. The Institute of Chartered Accountants of India (ICAI) today has 220,000-plus members, and
student membership has shot up to more than 800,000 which exemplifies the importance of role of a
Chartered Accountant in building economic momentum.
To provide detailed information to our members intending to go abroad for professional forays, the Institute
of Chartered Accountants of India is bringing out Global Career E-Kits to aid global mobility for its members.
I am confident that the information contained in the E-Kits will assist our Chartered Accountants to establish
a preliminary interface with the jurisdiction to serve in times to come. Comments and feedback to improve
their utility will be welcome.
I would also like to express my sincere thanks to the Managing Committee members of our Chapters abroad
for their assistance by way of providing valuable information in the preparation of these Global Carrier E-Kits.
The world today is of global networking, dissolving business frontiers and shrinking distances. Globalization
is today’s reality and a new world order is fast emerging; rather it has already emerged. In tandem with these
developments, there has been a surge of knowledge driven economy in which the landscape for professionals
particularly professionals like Chartered Accountants has seen a dynamic shift. The CA’s today are seen as
professionals who while being adept at assurance services are able to excel in other elements of corporate
services while bringing with them the fundamental virtues of professionalism with ethical conduct
India has a large pool of well-trained and skilled Chartered Accountants. The growth of trade and industry in
India has been buoyant and with multinationals making their presence; one sees landscape for functioning
beyond domestic jurisdictions. Moreover the movement beyond India has been a response to requirements in
overseas markets. I am glad that the Institute of Chartered Accountants of India in order to cater to the needs
of our members is coming out with Global Career E-Kits to assist our members in promoting their global
mobility. This Career E-Kit will be a starting point for the members to equip them with basic informational
resources in respect of select jurisdictions.
I am sure that the information contained herein would help in strengthening the knowledge base of the
members and would provide one stop information about the country.
On behalf of the Abu Dhabi Chapter, it is my pleasure to present you with this Global Career E-Kit. This E-Kit
consolidates useful information about Abu Dhabi, UAE and the local Chapter of the ICAI in Abu Dhabi.
The Abu Dhabi Office is one of the established overseas offices of the ICAI. Supporting the Institute of
Chartered Accountants of India, the Chapter strives to further augment services locally to the members and
students of the profession and complement the global services being offered by the Institute. We welcome
all our professional colleagues to visit the country and the Chapter and to explore the various avenues of
business and employment opportunities on offer in this country.
We look forward to your visit to this vibrant country and hope that the information contained herein will
help you in your planning and establishing an interface with the local Chapter. Within the E-kit, you will find
reference to numerous websites, which can provide you additional and relevant information on the topics.
Should you need any further information, do not hesitate to connect with one of our committee members.
We will try you provide you with the requisite information at the earliest.
CA. A. Nandakumar
Chairman - ICAI UAE (Dubai) Chapter
Dear Colleagues
The Dubai Chapter of ICAI has since its establishment in 1982 with about 20 members has now grown to an
organization that has over 2,000 members. The phenomenal all round growth of Dubai has always attracted
the best of talent from all over the world. The chartered accountants from India are very well accepted in the
government, business and professional organizations and today, UAE has over 4,000 members of ICAI who
have made UAE their home.
The process of settling down in a new professional and social environment outside India is always a challenge.
On behalf of the Dubai Chapter, I congratulate the ICAI President, CA K. Raghu for taking this initiative
of assisting the new entrants into UAE by publishing this Global Career E-Kit that provides the requisite
information for understanding their rights and obligations in a foreign environment.
The recent initiatives taken by the government to further develop infrastructure for business in view of the
forthcoming Expo 2020 is bound to increase employment opportunities in the UAE. We hope to see more
members from India join our fraternity in the UAE, and we are confident that they will contribute to the
growth of our profession and our Chapters.
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The United Arab Emirates comprises of seven emirates, which occupy the southeastern corner of the Arabian
Peninsula. The constituent emirates are Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah, Ras Al-Khaimah, and
Umm Al-Quwain.
Abu Dhabi is the capital and the largest city of the United Arab Emirates occupying about 80% of the
landmass of the country. For over 50 years, Abu Dhabi has been transformed from little more than empty
desert inhabited by nomadic tribes into a thriving 21st century society.
Dubai that is the second largest emirate of UAE, has established a niche in the commercial and trading market
of the Middle East. The resilience of the domestic market and its strategic location between the trading blocks
of Europe and Far East, has always attracted domestic and international investors.
The other emirates in the UAE are also developing their infrastructure and providing incentives to attract
international companies to set up their operational base.
The strategic location of UAE and the incentives that the Government of U.A.E. offers to promote business
and services presents the chartered accountants with a wide range of opportunities for employment and
setting up firms to render assurance and consulting services.
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Currency
The local currency is the UAE Dirham which is freely
Language convertible and AED 3.67 equates to US$ 1. Money
can easily be changed at exchange houses. ATMs are
Arabic is the official and national language of the available at malls, petrol stations, supermarkets and
UAE. Apart from Arabic, English is widely used as market places. Credit cards are widely accepted.
a second language. Other languages spoken in the
UAE, include Urdu, Hindi, Persian, Pashto, Malayalam, Healthcare
Bengali, Punjabi, Tamil, Balochi, Russian, Somali
Healthcare in UAE is excellent and there are no
language, Tagalog, Nepali and Mandarin Chinese.
special immunization requirements to enter but
Religion good insurance cover is recommended.
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Employment/Business Opportunities:
Undeterred by the global economic slowdown, the
economies of Abu Dhabi and Dubai have continued
to perform strongly over the past years. The relatively
high oil prices coupled with robust domestic demand
maintained the stability of the local economy and
The governments of Abu Dhabi and Dubai have
boosted investor confidence, which hit rock bottom
drawn up their long term economic vision programs
elsewhere in the world.
up to 2030. The governments of other emirates also
drawn up a plan action that are short term in nature
as compared to the ones finalized by Abu Dhabi and
Strong political commitments, prudent investment Dubai.
decisions and long-term economic development
policies from the governments continue to give The details of these can be obtained from https://
the economy the momentum it needs to become a business.abudhabi.ae and https://dubai.ae
highly developed, flexible and diversified economy.
Stock Exchanges in UAE:
Due to its strong economy, working in UAE can be
a lucrative option for Chartered Accountants. The Abu Dhabi Securities Exchange (ADX) was established
free trade and industrial zones in the UAE welcomes in November 2000 to trade shares of UAE companies.
foreign investment and business, thus creating new ADX is headquartered in Abu Dhabi with trading
jobs. locations in Abu Dhabi, Al Ain, Fujeirah, Sharjah, and
Ras Al Khaimah. Official website: https://www.adx.ae
As the economy of Abu Dhabi relies mostly on income
from natural resources like petroleum, with the Dubai Financial Market (DFM) was founded on March
petro-chemical industry offering plenty of business 26, 2000. Headquartered in Dubai, most of the
and employment options. At the same time, the companies listed on DFM are UAE-based companies
importance of newly emerging sectors such as real with a few dual listings for companies based in other
estate, business services, construction and tourism is MENA region countries. Foreign companies are from
increasing. the following countries: Kuwait, Bahrain, Oman, and
Sudan. Official website: http://www.dfm.ae
Dubai has always thrived as a trading hub although in
the recent years, it has promoted the services and the NASDAQ Dubai head quartered in Dubai was set up
industrial sector. Similarly, the emphasis laid by the to trade international stocks. Official website: http://
government in promoting Dubai as a tourist center www.nasdaqdubai.com
has also contributed to the all-round development of
DFM and ADX are both governed and regulated by
the Emirate thereby offering a great opportunity for
the Securities and Commodities Authority (SCA).
professionals and businessmen.
SCA’s role is to ensure that the laws are followed
In the past few years, many large corporations by the exchanges as well as to protect investors’,
and international companies have relocated their brokers’ and listed companies’ rights. On the other
business to the UAE especially to Abu Dhabi and hand, NASDAQ Dubai is governed to international
Dubai and expats with specialized knowledge and standards by an independent regulator called the
good language skills often find work with these Dubai Financial Services Authority (DFSA), which is
companies. equivalent to the Securities and Exchange Commission
in the U.S. Unlike DFM and ADX, NASDAQ Dubai,
located in Dubai International Financial Centre (DIFC),
is an electronic exchange with no trading floor.
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As the requirements are amended from time to renewable for a similar period provided the employee
time, the relevant department at the UAE Ministry continues to be in employment.
of Economy and the Department of Economic
Development of the concerned Emirate should be On completion of the residency formalities, a labour
contacted. contract that is signed by both the employer and
the employee has to be registered with the Ministry
Salaries of Labour, who will then issue a labour card to the
employee. The employer is responsible for meeting
The salary scales differ with regard to the qualification,
all costs relating to obtaining the employment visa
experience of the employee, skill sets required, type
and providing the employee with a health card which
of industry and company in which one is employed.
entitles him/her to free out/in patient treatment in
Generally, employment contracts do provide for a
government hospitals in the U.A.E.
review of the initial salary after a probation that can
extend up to six months. The health card is now being replaced with and all
employers have to provide a medical insurance to
Employment Regulations all employees at their cost. In accordance with the
The Labour laws of U.A.E. that are administered by provisions of the UAE Labour Law, an employee is
the Federal Ministry of Labour, govern all the aspects entitled to annual paid leave at two days for every
of employer/employee relations, such as hours of month if his/her service is more than six months but
work, leave, termination rights, medical benefits and less than a year. In case the employee has completed
repatriation. The Labour Law protects the interest of one year of service, he/she is entitled to 30 days
the employees and overrides conflicting contractual annual paid leave for every completed year of service.
provisions agreed under another jurisdiction, unless This is in addition to public holidays, maternity leave
they are beneficial to the employee. for women and sick leave.
Upon finalizing an employment, the employee has All disputes between the employer and employee
to submit a copy of his passport and a copy of are initially adjudicated by the Ministry of Labour
the relevant qualification certificates that are duly and Social Affairs. In case any party wishes to go on
notarized and attested by the UAE Embassy in India appeal, a case may be filed in the U.A.E. Courts.
and again by the Ministry of Foreign Affairs in the
Although the normal maximum working hours are
UAE for the employer to apply for the required
eight per day or 48 per week. However, working
clearance from the Ministry of Labour and The
hours for the employees of certain organizations may
General Directorate of Residence and Foreigners
be increased as determined by the Minister of Labour.
Affairs. On entering the UAE on an Entry Permit that
During the month of Ramadan, normal working
is issues by The General Directorate of Residence and
hours shall be reduced by two hours per day.
Foreigners Affairs and the obtaining the clearance
after a medical checkup, the employee's residence The time spent by the employee in transport form his
visa will be stamped on the passport. In case the residence to the place of work shall not be included
employment is with a government organization or in the working hours.
in a free zone the period of residency is 3 years while
for employment with other organizations and areas, Under a recent development, the Ministry of Labour
it will be for 2 years. The residence -permit granted is has implemented the Wages Protection Scheme
(WPS) wherein all employees are required to open
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agreements relating to residential properties in Dubai KHDA website. The KHDA has also introduced a legally
have to be registered with the concerned authority binding contract to be signed between parents and
and an annual property levy at 10% of the rent is schools. This contract outlines each party’s rights and
payable by the tenant on a monthly basis. This levy is responsibilities and includes refund and admission
included in the monthly utility bill that the tenant has policies, school fees, attendance and punctuality,
to pay to enjoy the facilities. health and safety provision and transportation. It
also addresses parental responsibilities towards the
Banking school.
A bank account can be opened by the employee after
all the residency formalities have been completed.
Driving license
However, as credit facilities are extended to the While there are many options for travelling about in
employee based on their salary, the banks generally UAE, a very popular option is owning and driving
insists on receiving a letter of guarantee from the your own car. You will need to follow government
employer under which all the terminal benefits and authorized procedures for obtaining your driving
payments due to the employee will be paid to the license, transferring your license and buying or selling
bank in case the employee leaves service. In case the a car. The process of obtaining a driving license
employee who has availed credit facilities intends to involves registering with an approved driving school
take up another employment in the UAE, he/she has and undertaking a certain number of driving lessons
to discuss the matter with the bank and enter into an before one can appear for a signal road test with the
arrangement to either close the loan or undertake to Transport Department who is charge of issuing the
continue servicing it during the new employment. A license. In certain emirates, you also have to attend
cancellation of the resident visa without the bank's a certain number of theory classes before a license
approval can have serious implications. is issued.
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* The contact details are subject to change. Users are requested to reconfirm from the ICAI website and other publicly
available sources.
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Technical Integration
Business change,
Technical Integration
Business Reporting.
2 CPA Australia CPA Australia members would be An Indian member would be
required to successfully complete: required to pass:
1. Corporate and allied laws the required CPA Program
2. Taxation professional level segment
Global Strategy &
either Assurance services & Auditing Leadership and Better
as an elective in the CPA program or Practice in Governance and
Advanced auditing and professional Accountability (a CPD course
ethics in the ICAI examination; assignment) delivered and
and either Financial Reporting & assessed by CPA Australia.
Disclosure as an elective In the CPA
program or Financial Reporting in
the ICAI examinations.
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3 The Institute of Chartered Specific module on Indian Law, Final Module of Chartered
Accountants of Australia Taxation and Ethics Accountants Program, Ethics &
business application (EBA)
4 Canadian Institute of A CICA member seeking admission Passing the final examination
Chartered Accountants to ICAI is required to pass exam of: (the CA Profession’s Uniform
1. Corporate and allied laws Evaluation (UFE)); and
2. Taxation Meeting the practical
experience requirements
(term, depth, breadth
and progression) of the
Canadian CA profession
as required of all domestic
and internationally trained
applicants. Practical
experience obtained pre-
and post qualification as
member of the ICAI will
be included in a review
of an applicant’s practical
experience.
5 CPA Ireland CPA Ireland member seeking ICAI members would be
admission to ICAI should successfully required to pass
complete Corporate and allied laws, CPA Ireland final
Direct and Indirect taxes. (Professional 2) stage
examination in Strategy &
Either : Strategic corporate finance
Leadership
as an elective in the CAP examination
or specialized module of strategic Complete and pass the on –
financial management in the ICAI line CPD course “Overview
examination. of Irish Tax and Law”.
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- The amount of membership fee has been name approval and form 18- for registration
fixed in Indian rupees. Information on the fee of firm (to be digitally signed by all authorized
structure and method of payment is available partners) through email authenticated by
on the Institute's website at the linkhttp//www. digital signatures alongwith requisite fees
icai.org/members/pay_ann_fee.html. This link wherever applicable using payment gateway.
also provides information on advance payment
of fee. However the fee can also be paid in US What are the consequences if the annual
$ at the prevailing exchange rate. The normal membership fee is not paid within the stipulated
method of payment is by way of Demand time
Draft/ Local cheque in favour of the Secretary, - If the membership fee is not remitted before
the Institute of Chartered Accountants of 30th September the name of the member
India payable at respective places where the would be removed/certificate of practice
concerned decentralized offices are situated. cancelled with effect from 1st October of
You or your representative in India can also the year concerned. The member cannot use
deposit the payment on your behalf by putting the designation Chartered Accountant or the
a local cheque for clearing. The Payment qualification ACA or FCA as the case may be.
through credit card can also be made. In the case of members holding certificate of
Scale of Annual Membership Fee/Certificate of Practice his right of practice will cease and
Practice Fee as on 01st April, 2014 his association, if any, with firm of Chartered
Accountants in India as a partner etc will also
For Members below age of 60 years came to end.
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How a member can get his certificates attested Copy of the Appointment Letter issued by the Foreign
in partial fulfillment of requirements of foreign Body as applicable
Universities in pursuit of higher studies ?
The transcripts are issued normally within ten days
- The members intending to pursue higher from the date of receipt of request, complete in all
studies in foreign Universities can get the respects.
copies of their certificates of membership,
Certificate of Practice, Pass Certificate and The request along with the requisite fees / documents
Marks sheet attested by sending the originals may please be sent to:
thereof alongwith the copies together with a Jt. Secretary (Exams)
requisition letter to the concerned Decentralised
Offices requesting for attestation. The Institute of Chartered Accountants of India
C-1, Sector 1, Noida - 201 301
• What is Trascripts and how a member can obtain Mail : - exam@icai.org,
Transcripts?
Whether the Institute is conducting Post
- A Transcript is a Certificate describing the Qualification Courses for the members of the
appearances and passing details with subjects Institute? Which are those courses and what
and statement of marks of the exams of are the requirements for appearing in the
Chartered Accountancy in respect of the student examinations ?
concerned including his membership details if
he has become a member of the Institute. For - The Institute is conducting Post Qualification
obtaining transcript the member concerned is Courses for the members of the Institute. The
required to provide a request duly signed by courses currently conducted are as under :-
him for issue of Transcripts accompanied by
Post Qualification course in Management
following:
Accountancy
A fee of Rs. 500/- (Rupees five hundred only or
Post Qualification course in Corporate
equivalent in US Dollars) for one set of transcript/s
Management
(for any one or all examinations viz. Foundation/PE-I,
Inter/PE-II and Final) remitted through Demand Draft Post Qualification course in Tax Management
or Pay Order in favour of The Secretary, The Institute
of Chartered Accountants of India, Payable at New Post Qualification course in Information System
Delhi - 110002 audit
Attested copies of Entrance / Foundation / PE I / PE II Post Qualification course in Insurance & Risk
/ Intermediate / Final examination mark sheet/s (both Management.
front and reverse side) as applicable Attested copies
Post Qualification course in International Trade
of Rank Certificate issued by ICAI, if any.
Laws and WTO
Attested copy of Membership Certificate along
The members of the Institute are eligible to register
with the proof for having paid the current year
for the above courses and appear in the examination
Membership fee or COP fee, as applicable
conducted by the Institute.The members can
straightway appear for examination for the courses
at Sl. no. 1, 2 and 3 above and no formal registration
Prescribed Form for admission duly filled in by would be necessary. Exam for Management
him, along with the envelope/s received from Accountancy Course are held twice a year in the
Foreign University/ies / Management Institution/s as months of May and November. Exam for Corporate
applicable and Management and Tax Management Courses are held
in the month of May every year. For more details e
mail pqc@icai.org.
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- The Institute encourages its members overseas Can a member residing abroad get the Journal at
to consolidate their synergies by creating a his Indian address?
formal Chapter. In the Institute's parlance this - As per regulation 187 of CA Regulations every
formal network is a 'Chapter' of the Institute. Any member in practice shall have a professional
place which has more than 20 Indian members; address in India in his own charge or in charge
they can all join together to form a chapter of of another member. A member not in practice
the Institute. This chapter can be used by them may specify a place which shall be deemed to
acting as a programme organizing unit for the be his professional address for the purpose of
various CPE programmes. The chapter would Section 21 and also CA Regulations. In view of
be a unique forum for promoting. the above, every member has to specify one
- bonhomie far away from your motherland and address which will be taken in the Institute's
would enable your families and accomplices as record as professional address for all purposes
well to come closer and foster goodwill. and also for correspondence. Accordingly
Journal's, Regional News letters etc. can be
Guidelines for setting up of Overseas chapters are sent to the professional address in India if so
available at Chapters outside India are functioning indicated by the member.
at Abu Dhabi, Bahrain, Botswana, Doha, Dubai,
Indonesia, Jeddah, London, Nigeria, Saudi Arabia,
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In the event of delayed/ non-receipt, please correspond for disseminating information to Indian Members
at journal@icai.org or ebsecretariat@icai.org giving abroad and to come closer to them and address
exact details of your full mailing address with Pin/ Zip their requirements speedily, on quarterly basis
code, if possible also specifying a landmark as part of which would be a two way communication channel
address. It would speed up chances of early reach of between the Institute and the foreign members.
journal and communication to you. This again necessitates the need to have the e-mail
particulars in the records of the Institute for ensuring
How a member residing abroad can buy a receipt of e mails. Please update your e-mails id with
publication from the Institute? Institute's record.
- The publications of the Institute available for sale Why a member should Update his address and
are indicated in the updated list hoisted on the other particulars?
Website. The rates and postal charges payable
thereto are also stated therein. For details visit - By being a member of the Institute he has a
:http//www:icai.org/publications/Ins-pub.html. continuity and access to developments of
Indian profession and it needs no exaggeration
A member interested in buying any publication(s) as that updating his correct particulars would do
indicated in the list can either send his remittance a lot good in his being professionally updated.
in advance for such publications including the postal The Institute every year while sending the
charges or make payment on line to purchase a circulars for fee reminders also attach an Entry
publication concerned. Alternatively, an imprest on Record containing his particulars. It would
amount (USD 300) could be deposited with the be the earnest request of the Institute to the
Institute and under such a scheme, a member shall members to give utmost priority in updating of
have an access to the recent publications which could information containing in the entry on record
be continued to send by the Institute till the time the wherever necessary. This is also necessary as a
imprest amount is exhausted. part of regulatory requirements
For faster communication a member can always reach As the professional and other particulars have a
the Institute at e-mail castoresnoida@rediffmail.com bearing for future and there are certain areas wherein
or Fax no. +91 (120)-2518539, due caution needs to be observed; certain request
Tel. No. +91 (120) 2552142, 2551279. like change in address needs to be accompanied
What is the importance of Updating e-mail Id under your signatures so as to ensure authenticity of
with the Institute ? such a request.
- The Institute very shortly would be moving What are the areas where a member can
to a Virtual stage whereby large number Contribute to the profession ?
of transactions/ communications would - There are many areas in which esteemed
be done electronically. This would warrant members can contribute to the professional
availability of correct e-mail id so that one gets activities of the Institute. The range is varied
communication from the Institute with regard and the list indicated herein under in just
to CPE programmes/ other events of interest in illustrative and he could think of more such
time avenues for joining in the work being done by
While e-mail particulars could be updated by sending the Institute.
a simple mail, any communication having regulatory
Some of such areas are -
angle would require signed communication from his
end for which fax / scanned copy will have to be sent. Associating as a constituent of brand promotion.
The Institute is in the process of consolidating its
The Institute would be regularly coming out with brand image not only in India but in other countries
E Newsletter, which has been targeted as a tool also where a sizeable Indian population/sufficient
number of Indian members are there. Promoting
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Phone :- from Delhi:- (95120) 3989398, 3054808 General queries relating to publications
From out side Delhi:- (0120) 3989398 Joint Secretary - NOIDA Stores
E-mail:- bosnoida@icai.org Phone :- 3054802, 3054828
Technical Questions, issues on Accounting Standards E-mail :- noidastores@icai.org
and Expert Opinion
Any other matter; please write to foreigndesk@icai.
Technical Director org
Phone:- 39893989 (D), 30110582
Is there a placement portal to provide employment
E-mail:- tdte@icai.org,
assistance to the members? If so may we know
Secretary EAC more about that?
Phone:- 39893989 (D), 30110467
- The Committee for Members in Industry of
E-mail: eac@icai.org
the Institute has hosted an on-line Placement
Technical Questions and issues in Auditing Portal with domain name www.placement_
Secretary, icai.org. The placement portal caters to the
employment needs of the following categories
Auditing and Assurance Standards Board and
of the Members/ students:
Assurance Standards
Phone:-(95120) 3054815 (D), (011) 30110468 Campus Interviews Programme for Newly qualified
Chartered Accountants.
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How to Register on the Placement Portal? Can a Chartered Accountant practicing abroad,
train an articled assistant outside India?
- The Members/Semi-qualified Professionals
intends to utilize the placement portal for Yes, a Chartered Accountant is eligible to train an
registrations may undergo the following articled assistant provided his/her main occupation
procedure: is the practice of the profession of accountancy at
the time of engaging articled assistants as well as in
Log on URL http://www.placements-icai.org each of the qualifying years on the basis of which he
In the home page click on Qualified Chartered claims eligibility to train articled assistants. Moreover,
Accountants / Semi-qualified accounting the members would be eligible to train articled
professionals under the option New User assistant in accordance with Regulation 43.However,
a member associated with foreign CA Firm in the
Once again go to the home page and choose capacity of partner or paid assistant may also train
Qualified Chartered Accountant or Semi-qualified articled assistant under certain conditions.
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Can a Chartered Accountant working abroad What will be the stipend in respect of articled
impart Industrial Training to an articled assistant assistant receiving training abroad?
abroad? Ans.: The rates, terms and conditions of stipend
Ans.: The Industrial Training may be imparted by the prescribed as payable to the articled assistants
Chartered Accountants working abroad in a financial receiving training in India shall be applicable to the
commercial or industrial undertaking with minimum articled assistant receiving training abroad except
fixed assets & minimum total turnover or minimum that the same rate of stipend in equivalent terms
paid up capital as specified by the Council (whatever specified in respective national currencies of the
the value specified in terms of Indian currency may countries concerned instead of Indian rupees.
be deemed as applicable in foreign countries in their What will be the terms of office hours and
respective currencies) or such other organization working days holidays applicable to articled
or institution approved by the Council. Moreover, assistant working abroad?
the members would be eligible to impart Industrial
training in accordance with Regulation 51 and 72. Ans.: Regulation of training in terms of office hours
and working days holidays will be applicable as per
In addition to above, an organization eligible to impart local office timings and laws. However, requirements
training outside India which is not yet registered with of total training hours will be the same as applicable
the Institute may submit an application (format of in India which are given hereunder:-
application is available on our website www.icai.org)
alongwith a self declaration (in absence of Annual a) The working hours for the articled assistants shall
report) regarding minimum fixed assets & minimum be 35 hours in a week excluding the lunch break.
total turnover or minimum paid up capital of the
organization about the particulars of the undertaking. b) The office hours of the Principal for providing
article training to the articled assistant shall not
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e) In case of exigencies of work with Principal, an Can a Principal depute an articled assistant for
article assistant may be required to work beyond training under eligible members of accountancy
his/ her normal working hours. However, under institutions or bodies outside India (in accordance
such circumstances, the aggregate number of with Regulation 54A)
working hours shall not exceed 45 hours per
week. The requirement of work beyond 35 hours Ans.: Yes. A principal, with the consent of the articled
in a week should not be a practice but only in assistant may depute the latter for training for a
exceptional circumstances. period not exceeding 6 months, under a member
eligible to engage and train an articled assistant
Further, where the articled assistant is required to under the bye laws of an institution or body set up in
work beyond normal working hours, and aggregate the respective countries.
of such hours exceed 35 hours per week, he / she
shall be entitled to compensatory leave calculated Will such service be considered as part of practical
with reference to number of completed working training? (in accordance with Regulation 54A)
hours, over and above 35 hours per week. Ans.: Such training under members of accountancy
What are the formalities to be complied by the institutions or bodies outside India, will be considered
articled assistant getting training abroad? as part of practical training.
Ans.: Form 103 for registration of articles should be Is the articled assistant eligible for stipend during
duly filled and submitted along with such documents such period of training? (in accordance with
as mentioned in the Instruction sheet of Form 103 Regulation 54A)
along with registration fee should reach the respective Ans.: No. The provisions of stipend do not apply
Institute’s office to which the member is attached during such period of training.
within 30 days of commencement of training.
Should the articled assistant enter into a Deed
What is the registration fee applicable to such of articles for this purpose? (in accordance with
articled assistant? Regulation 54A)
Ans.: The details of registration fees as applicable for Ans.: No. There is no need either for execution of
articled assistant is given on link http://www.icai.org/ deed of articles for such training or for any intimation
resource_file/14707ipcc_enrolment_feestructure.pdf to the Institute in this regard. However the Principal
can be referred. The fee as applicable can be paid is required to include the particulars of such training
by way of Demand Draft drawn in favor of “The in the report to the Council under Regulation 64.
Secretary, The Institute of Chartered Accountants of
India” payable at the concerned Decentralized office Can a member of the Institute engage and articled
of the Institute. assistant under the bye laws of the accountancy
institutions or bodies outside India?
Where are the Forms required to be submitted?
Ans.: Members entitled to train articled assistants
Ans.: Form 103 is required to be submitted at the shall not engage any articled assistant or articled
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assistant or apprentice under the bye laws of any 3. Misconduct involving moral turpitude.
other institutions or society or body unless the person
concerned has been registered student with any of 4. Other justifiable circumstances / reasons: -
the accounting institutions or bodies whose training (ii) Grounds already permissible in the Chartered
is recognized by the Council as equivalent to the Accountants Regulations, 1988 (on submission
training prescribed for the members of the Institute. of requisite proof of the act warranting transfer/
What are the terms and conditions applicable for termination of articleship): -
training articled assistant abroad? a. Industrial Training (Regulation 51)
Ans.: The principal shall impart training in accordance b. Secondment of articles (Regulation 54)
with the guidelines contained in Training Guide. He
shall maintain a record of practical training imparted c. Conversion from PCC to IPCC (for termination
by him to the articled assistant and report to the of articles only. Re- registration of articles to
Council in the form prescribed in the training guide. be allowed only after passing Group-I of IPCC)
Further, the terms and conditions that may be made d. Death of Principal [Regulation 57(1)(c)]
applicable for training articled assistant in India
e. Ceasing of practice by the Principal [Regulation
from time to time shall mutates mutandis apply for
57(1)(a)]
training of articled assistant abroad.
f. Removal of name of the Principal from
In addition to above, the Principal and the articled
the Register of Member due to any reason
assistant shall be bound by the provision of Chartered
Accountants Act 1949 and Regulations framed [Regulation 57(1)(b)]
thereunder and such other rules and guidelines and (iii) Marriage basis (only if there is relocation to
directions issued by the Council from time to time. another city involving distance of 50 kms).
Is it possible to take transfer after completion of 1 (iv) Irregular payment or non payment of stipend
year of Practical Training? Do we need to give any with reference to Regulation 67.
proper reason to the Institute?
(v) Articled assistant desires to serve balance period
Ans.: Yes, In partial modification of the announcement of training outside India.
dated 30th June 2009 regarding transfer/ termination
of articles the Council in its recent meeting has (vi) Shifting by the Principal to another city involving
decided that the transfer/termination of articleship distance more than 50 kms.
in terms of Regulation 56(1) of the Chartered
Accountants Regulations, 1988 shall be permissible The articled assistants are required to get the consent
on the grounds as stated below:- of the Institute before getting Form 109 signed by
the Principal in their own interest.
I. Transfer /termination of articles is permitted
without any restriction during the first year of The request, on any one or more of the aforesaid
articles. grounds, of an articled assistant on a plain paper
alongwith the recommendation/ consent of the
II. During rest of the articleship period on satisfying Principal for transfer / termination of articleship
any one or more of the conditions as stated accompanied by evidence/proof (self-attested by the
below: - articled assistant) to the satisfaction of the Institute
be made. Request for transfer not accompanied by
1. Medical grounds requiring discontinuance of consent of Principal shall not be accepted. In case
articles for a minimum period of three months of dispute between principal and articled assistant,
(on production of a Medical Certificate issued by the matter be settled amicably among the articled
a Government Hospital). assistant and the principal concerned and the
2. Transfer of parent(s) to another city. Institute shall not interfere in such cases.
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39
of the same firm is allowed during articleship if the assistants with a firm of Chartered Accountants
principal remains the same. If there is change in the in India. All conditions applicable to the Paid
principal, then the articled assistant has to apply for Assistants in India would be applicable to them
termination as per the announcement dated 2nd July as well. However, in case of a foreign firm, such a
2010 regarding transfer/termination of articleship. foreign firm shall have at least one partner who is
either a member of the Institute or who is eligible
I have temporarily discontinued my articleship, to become a member of the Institute, in terms of
I am in fist year, can I start my articleship again MRA.
with another Principal abroad?
iv) The members shall provide a professional address
Ans.: Yes. If a student has taken a termination in the as envisaged in Regulation 2(1)(xiii) as well as an
first year, he can commence articled training later on address in India.
with the member entitled to engage and train one
or more articled assistants notwithstanding anything (As per the said Regulation, professional address
contained in Regulation 43. means: -
• Three years of articleship-Isn’t this too long a a. an address of the place where the member
tenure? is carrying on his profession ( or where he is
carrying on his profession at more than one
Ans.: No, three years of articleship is not too long place, the principal place), or b. if a member
tenure considering the fact that it grooms the CA is employed, the place of employment or at his
student in all aspects of CA course. The period of option the place of his residence c. the place
articled training is already reduced from 3.5 years to of residence, if the member neither carried on
3 years. the profession nor is employed. It may please
How many total leaves are available during be noted that an address in India is essential in
articleship? any of the situation)
Ans.: As per Regulation 59 of the Chartered v) The terms and conditions that may be made
Accountants Regulations, 1988, an articled assistant applicable for training articled assistant in India
shall earn leave at the rate of one sixth of the period from time to time shall mutates mutandis apply
for which he has actually served excluding from such for training of articled assistant abroad.
period, the period for which he has been on leave vi) The period of practical training shall be 3 years,
subject to maximum of 180 days. as applicable, under a practicing chartered
Can we do articleship & Industrial training from accountant abroad. However, the articled / audit
abroad? assistants should have an option to undergo
industrial training in accordance with the
Ans.: i) Yes, A Chartered Accountant is eligible to train Regulations 51 & 72 of the Chartered Accountants
an articled assistant provided his main occupation Regulations, 1988 during the last one year of
is the practice of the profession of Accountancy at training.
the time of engaging articled assistants as well as in
each of the qualifying years on the basis of which he vii) The Industrial Training may be imparted by the
claims eligibility to train articled assistants. Chartered Accountants working abroad in a
financial, commercial or industrial undertaking
ii) Any member engaged in any other business, with minimum fixed assets & minimum total
occupation or holding part time certificate of turnover or minimum paid up capital as may
practice is not entitled to train articled assistant. be specified by the Council (whatever the value
specified in terms of Indian currency may be
iii) Any member employed as a Paid Assistant
deemed as applicable in foreign countries in their
or engaged as a partner in a foreign firm of respective currencies) or such other organization
Chartered Accountants will also be eligible to
or institution approved by the Council. In case of
train articled assistants at par with the paid
a member employed outside India, and eligible to
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41
and twelve months during the last year of the as per Regulation 54, 56 and 51 of the Chartered
prescribed period of practical training. For this you Accountants Regulations, 1988.
have to approach companies which have been
approved by the Council and already registered with What would be your advice to article assistants?
ICAI for imparting industrial training. How do we manage both studies and articleship?
Why is there no transparency in the recruitment Ans.: You have to plan out in a way that you are able
of articles. Despite the fact that why one has to do justice to both articleship and studies. Chalk
scored well in the exams still the reference is to be out a proper time table depending upon availability
applied for training? of time and your capabilities. Once properly framed,
just adhere to it. For detailed guidance in this regard,
Ans.: The Institute does not have any role please refer to the Institute’s publication How to face
in placement of articles. However, for the CA examination.
convenience of students and firms the Institute has
started On-line Article Placement Portal where firms The Institute announced that articled students can
desiring to keep articles and students desiring for find their firm through on-line Article Placement
doing articleship register themselves for placement. Portal.
The selection procedure is entirely the domain of the Ans.: The Institute provides the facility of On Line
registering firm in which the Institute does not have Articles Placement Portal. This portal provides a
any role to play. platform to the firms of Chartered Accountants
I an unhappy with my training due to non having vacancies for Articled Assistants to select
availability of work in the office. Most of the time, eligible students and the candidates who are eligible
we sit idle in the office. There is no work of any for undergoing articled training. Both eligible firms
company Bank VAT & ST. We are busy only in and candidates have to register themselves online
few months when filing the ITR. We want to give through the articles placement portal. Please visit
more hour to training but want to learn company http://bosapp.icai.org for details regarding this
Audit, bank audit etc. What should we do? facility.
42
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