Condonation of Delay in Non Submission of Various Form within Specified Time
ICAI has notified on Condonation of Delay in Non Submission of Various Form within Specified Time dated 22nd May, 2017 and with this notification ICAI Condonation fee is changed. Complete details on ICAI Condonation fee and detailed rules and regulations on Condonation of Delay in Non Submission of Various Form within Specified Time is below.
The delay in filling various forms can be condoned in the following manner:
Registration of Articles / Audit Service :-(Regulations 46 & 69)
Supplementary articles: -(Regulation 58)
The members are required to submit the following documents along with a request for condonation of delay stating therefor together with levy fee:
Attendance Record of the articled / audit clerk.
Original Deed of articles / audit executed on a Non Judicial Stamp Paper / Special Adhesive stamp affixed on the Deed.
Certified copy of work diary of the articled / audit clerk.
Stipend details with evidence in the form Bank Pass Book.
Permission to engage in other occupation / other course of studies Form 112 duly filled in and signed by the Principal, articled / audit clerk and the concerned authority along-with a request for codonation of delay stating reasons therefor together with levy fee. While submitting Form 112 in case of engagement in other occupation the documents mentioned in the respective chapter may also be submitted.
Completion of articles / Audit service
Members are required to submit Form 108 / 114 / 105 along with a request for condonation of delay stating reasons therefor together with levy fee.
Format of Condonation Letter
Schedule of Levy Fee
Delay Corresponding fees to be paid
30 days beyond specified period Rs. 500
31 – 180 days beyond specified period Rs. 1000
181-365 days beyond specified period Rs. 2000
After 365 days beyond the specified period Rs. 10,000
ICAI Notification dated 22nd May, 2017
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