Stipend to articled clerks

[TO BE PUBLISHED IN THE GAZETTE OF INDIA , EXTRAORDINARY,

PART III, SECTION 4]

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

NOTIFICATION

 

New Delhi, the 23rd January, 2015

 

No. 1-CA(7)/167/2014.- Whereas certain draft regulations further to amend the Chartered Accountants Regulations, 1988, were published as required by sub-section (3) of section 30 of the Chartered Accountants Act, 1949 (38 of 1949), in the Gazette of India, Extraordinary, Part III, Section 4, dated the 10th September, 2014, inviting objections and suggestions from persons likely to be affected thereby, before the expiry of forty -five days from the date on which the copies of the Gazette containing the said notification were made available to the public;

And whereas the copies of the said Gazette were made available to the public on the 12th September, 2014;

And whereas the objections and suggestions received from the public on the said draft regulations have been considered by the Council of the Institute;

Now, therefore, in exercise of the powers conferred by sub-section (1) of section 30 of the said Act, the Council, with the approval of the Central Government, hereby makes the following regulations further to amend the Chartered Accountants Regulations, 1988, namely:-

 

  1. (1) These regulations may be called the Chartered Accountants (First Amendment) Regulations, 2015.
  • They shall come into force on the date of their final publication in the Official Gazette.
  1. In the Chartered Accountants Regulations, 1988 (hereinafter referred to as the said regulations),-
  • in regulation 28E, in sub-regulation (1), in clause (b), for the words “nine months”, the words “eight months” shall be substituted.
  • in regulation 48, in sub-regulation (1), for the Table, the following Table shall be substituted, namely:-

“ Table

 

” Table

Classification of the normal place of service of the articled assistant

During   the

first year of training

During     the

second year of training

During       the

remaining

period          of

training

(1) (2) (3) (4)

(i)  Cities/towns  having   a

population    of   twenty
lakhs and above

Rs.2000/- Rs.2500/- Rs.3000/-
(ii) Cities/towns  having                      a
population of four lakhs and above but less than twenty lakhs
Rs.1500/- Rs.2000/- Rs.2500/-
(iii)Cities/towns having a
population of less than
four lakhs
Rs.1000/- Rs.1500/- Rs.2000/-
  • in regulation 204, for the words “and International Trade Laws and World Trade Organisations” the words, “International Trade Laws and World Trade Organisation and International Taxation” shall be substituted.

[File No. 1-CA(7)/167 /2014]

 

Sd/

Sagar

Acting Secretary

 

Note.- The principal regulations were published in the Gazette of India, Extraordinary, Part III, Section 4, dated the 1 st June, 1988 vide number 1-CA(7)/134/88 dated 1st June, 1988 and subsequently amended by –

  • Notification No.1-CA(7)/1/89 published in the Gazette of India, dated 7th October, 1989
  • Notification No.1-CA(7)/10/90 published in the Gazette of India, dated 19th January, 1991
  • Notification No.1-CA(7)/11/90 published in the Gazette of India, dated 19th January, 1991
  • Notification No.1-CA(7)/12/91 published in the Gazette of India, dated 23rd February, 1991
  • Notification No.1-CA(7)/13/90 published in the Gazette of India, dated 2nd February, 1991
  • Notification No.1-CA(7)/19/92 published in the Gazette of India, dated 7th March, 1992.
  • Notification No.1-CA(7)/28/95 published in the Gazette of India dated 1st September, 1995
  • Notification No.1-CA(7)/30/95 published in the Gazette of India, Extraordinary dated 13th March, 1996
  • Notification No. 1-CA(7)/31/97 published in the Gazette of India, dated 16th August, 1997
  • Notification No. 1-CA(7)/44/99 published in the Gazette of India dated 26th February, 2000
  • Notification No.1-CA(7)/45/99 published in the Gazette of India, dated 26th February, 2000
  • Notification No.1-CA(7)/51/2000 published in the Gazette of India, Extraordinary, dated 17th August, 2001
  • Notification No.1-CA(7)/59/2001 published in the Gazette of India, Extraordinary dated 28th September, 2001
  • Notification No.1-CA(7)/64/2002 published in the Gazette of India, Extraordinary dated 31st March, 2003
  • Notification No.1-CA(7)/64A/2003 published in the Gazette of India, Extraordinary dated 4th December, 2003
  • Notification No.1-CA(7)/83/2005 published in the Gazette of India, Extraordinary dated 28th July, 2005
  • Notification No.1-CA(7)/84/2005 published in the Gazette of India, dated 17th June, 2006
  • Notification No. 1-CA(7)/92/2006 published in the Gazette of India, dated 13th September, 2006
  • Notification No. 1-CA(7)/102/2007(E) published in the Gazette of India, dated 17th August, 2007
  • Notification No.1-CA(7)/116/2008 published in the Gazette of India, dated 25th September, 2008
  • Notification No.1-CA(7)/123/2008 published in the Gazette of India, dated 3rd December, 2008
  • Notification No. 1-CA(7)/145/2012 published in the Gazette of India, Extraordinary dated 1st August, 2012
  • Notification No. 1-CA(7)/154/2014 published in the Gazette of India, Extraordinary dated 22nd July, 2014

 

Copies forwarded to :-

  1. All Members of the Council.
  2. All Regional Councils and their branches.
  3. All Students’ Associations and their branches.
  1. The Secretary to the Government of India, Ministry of Corporate Affairs, Shastri Bhawan, New Delhi.
  2. All Officers and Sections in the Institute.
  3. Journal Section for publication in the immediately available issue of the Journal.
  4. (a) The Chief Secretaries of All State Governments (except Bihar, Punjab, West

Bengal) and all Union Territories (except Delhi).

  • The Secretary, Finance Department, Government of Bihar, Patna.
  • The Secretary, Industries Department, Government of Punjab, Chandigarh (3 copies)

(d)      The Secretary,   Finance Department, Government of Rajasthan, Jaipur (2

copies)

 

  • The Secretary, Finance Department, Government of Kerala, Trivandrum (2 copies)

With reference to letter no. S(III)/L/15/PA dated 7th July, 1958 of the Department of Parliamentary Affairs, Government of India for publication in the official State Gazettes.

  1. Decentralised Offices at Mumbai, Chennai, Kolkata, Kanpur, Ahmedabad, Bangalore, Ernakulam (Kochi), Hyderabad, Indore, Jaipur, Nagpur, Pune, Surat, Thane and Vadodara.
  2. EDP Section for hosting on Institute’s WEBSITE.

By order etc.

 

(G. Ranganathan)

Deputy Secretary

……………………….

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