11-10-2007, 06:30 PM
Dear Irfan,
You are confused with the word "registered student". By registered student for stipend purpose, it means a student who meets the eligibility crietria for entering a registration contract with the principal for articleship under the applicable streamline. Streamlines include, graduates with exepmtion from PPT, graduates having qualified the PPT, CA Intermediate qualified, Master degreeholders, ACCAs, ACMAs etc.
So, first of all you must evaluate whether you are eligible to register a training (articleship) contract with a firm / principal. You will be a registered student for the purpose of stipend, when you will have a registered contract of training or in other words when your articleship will start.
Otherwise there is no compulsion on any firm to pay you the prescribed stipend if you are working as unregistered trainee with them without registering the training contract.
Your MFC status does not in fact make you eligible for such stipend. You will have to get this status cancelled from ICAP before you apply for registered contract for training becoz a student of ICAP cannot have two status at a same time.
Hope you would understand.
Regards,
Kamran.
You are confused with the word "registered student". By registered student for stipend purpose, it means a student who meets the eligibility crietria for entering a registration contract with the principal for articleship under the applicable streamline. Streamlines include, graduates with exepmtion from PPT, graduates having qualified the PPT, CA Intermediate qualified, Master degreeholders, ACCAs, ACMAs etc.
So, first of all you must evaluate whether you are eligible to register a training (articleship) contract with a firm / principal. You will be a registered student for the purpose of stipend, when you will have a registered contract of training or in other words when your articleship will start.
Otherwise there is no compulsion on any firm to pay you the prescribed stipend if you are working as unregistered trainee with them without registering the training contract.
Your MFC status does not in fact make you eligible for such stipend. You will have to get this status cancelled from ICAP before you apply for registered contract for training becoz a student of ICAP cannot have two status at a same time.
Hope you would understand.
Regards,
Kamran.
