TL;DR for CAs
- Transfers are permitted under specified conditions and time windows.
- Form submissions and NOC discipline matter.
- Plan exams around notice periods.
What it is
ICAI regulates when and how articled assistants may transfer from one principal to another.
Who it applies to
Articles and practising CAs acting as principals.
Key provisions
- Permissible grounds/timelines as per current regulations
- Documentation and portal filings
- Completion of remaining period
Practical tips for CAs
Advise students early if firm exposure is limited. Keep transfer paperwork ready.
Common mistakes
Informal exits without forms; assuming automatic transfer rights.
For general guidance only. Verify with the latest Finance Act, GST notifications, and ICAI guidance notes before advising clients.