What if GMCS I is not completed within 1 year?

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  1. Fareed K

    Fareed K New Member

    Dear sir,

    Can any one tell me please, Is completing GMCS-1 is mandatory within one year of our articleship. What will happen if fail to complete within one year of articles. Do we have any extended time for that..?
  2. rudrabose

    rudrabose Active Member

    The date has already been extended till 31st Dec 2014.

    In case you fail to do so before the specified due date, you wont be eligible to appear for CA Final.
  3. Fareed K

    Fareed K New Member

    My articles started from Apr 2014 so i need to complete GMCS-1 within March 2015, If i do it after March 2015 i have any problem..?
  4. rudrabose

    rudrabose Active Member

    As per ICAI Norms, you are required to pursue your GMCS I within the 1st year.

    Although penalty for non-completion of GMCS I has not been stated anywhere but ICAI officials say that if it is not completed within the 1st year - then you wont be allowed to appear for CA Final Exams.
  5. Vamsipriya

    Vamsipriya New Member

    Is there any excuses for that..like if i did it after my 1 year of articleship
  6. rudrabose

    rudrabose Active Member

    @Vamsipriya : No, ICAI will not accept any excuses.

    It is mandatory to be done in the 1st year of articleship
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