Articleship Stipend increase approved by Govt & doubled
On 10th September 2014, ICAI had announced that they intent to increase the articleship stipend. ICAI had prepared the draft for the same and sent it to the Govt for their review.
The Good News is that the approval of the Govt has been received. The following is the revised minimum articleship stipend applicable for CA Students
In the Draft Notification, ICAI had also requested to govt to approve their request for increasing the fees for inspection of answer sheet. However, there is no mention of the same in the final notification indicating that it has not yet been approved by the Govt.
The Official Notification has been attached herewith.
ICAI intends to double the Articleship Stipend paid to CA Students by amending the Chartered Accountants Regulations 1988.
The draft of changes to be made through which the Articleship Stipend would be doubled has been released by ICAI.
Any person desiring to make any objection or suggestion in respect of the said draft regulations, may forward the same to ICAI.
The Draft of Changes to be made would be taken into consideration after the expiry of 45 days from the date on which the copies of the Gazette of India, in which these draft regulations are published, are made available to the public.
The Official Notification released by ICAI in this regard has been attached herewith
Update: This was the draft notification that was sent to the Govt for its approval and has been attached below.
Readers are requested to note that this draft notification has now received the assent of the govt.