Form 108 by ICAI for Completion of Articleship Complete Details
On completion of articleship training students are required to fill Form 108 by ICAI for Completion of Articleship. Many of the students are little bit confused about some terms and regulations. So in this blog I will share Form 108 by ICAI for Completion of Articleship Complete Details.
An article assistant will not be eligible for the member of ICAI unless he complete his articleship training and submit Form 108 by ICAI for Completion of Articleship signed by member under whom articleship is being pursued.
Some important instructions on Form 108
Information under all the columns of form/s have to be furnished and signed by the Articled Assistant and Principal (Page No.1,3 & 5).
In case student signature is differs from the Form 103 submitted earlier, employer should attest his old and new signature.
Any corrections (including use of whitener) required to be made, while filling up the form/s have to be countersigned by all concerned.
Kindly mention the number of days leave taken by the Articled Assistant without fail. In case, the Articled Assistant has not availed any leave, mention the column as 0 (Zero).
In case the Articled Assistant has availed excess leave, kindly submit Form 107 duly filled in and signed. Form 107 for excess leave period can be submitted within 60 days from the actual date of completion of articles.
Stipend column should be disclosed with either Crossed A/c. Payee Cheque or stipend deposited in his/her bank A/c with Account Number of the Articled Assistant.
Details of work undertaken and Training Received the Articled Assistant is mandatory.
If there is a change in status of Principal (only in case of the Principal is a Paid Assistant), submit Form 118 duly filled in and signed.
Time limit for Submission of Form 108
The Form 108 should be submitted to the office of the Institute within 30 days. In case of delay in submitting the form beyond the stipulated period, it has to be accompanied by a letter obtained from the employer stating the reasons for delay along with a condonation request and appropriate condonation fee as per the following:
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
WHERE TO SUBMIT:
To submit Form 108 click on the link given below and check your city and address to submit.
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