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Discussion > Students >

About Industrial Training

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CA in Practice


[ Scorecard : 34893]
Posted On 11 August 2010 at 11:42 Report Abuse

About Industrial Training

1. Who is eligible for undergoing industrial training?
A student who has passed Intermediate/Professional Education (Examination II)/Professional Competence Examination and is serving last 12 months of his articled training.

2. Whether any notice in writing is required to the Principal before joining
Industrial Training?
Yes, an articled assistant has to intimate his principal regarding his intention to take such industrial training at least three months before the date on which such training is to commence.

3. What is the maximum and minimum period of industrial training?
A student of Final Course can undergo industrial training for a maximum period of one year and minimum period of 9 months, i.e. the period may range between 9 months and 1 year.

4. Who is eligible to provide industrial training to an articled assistant and which are the required forms to be filled up?
An articled assistant can take industrial training under a member of the Institute. An associate who has been a member for a continuous period of at least 3 years shall be entitled to train one industrial trainee at a time and a Fellow member shall be entitled to train two industrial trainees at a time. There should be an agreement of industrial training in Form No.104 which will be submitted to the concerned decentralised office within 30
days of the commencement of training. On satisfactory completion of industrial training by an articled / audit assistant, the Associate / Fellow member under whom the industrial training is received shall issue a certificate in Form No.105 in respect of the training undergone and to be submitted to the concerned decentralised office within 30 days of the completion of training. It is required to maintain details of work undertaken and training received in the prescribed format.

5. Whether a student can join any financial, commercial, industrial undertakings of his choice?
Yes, but such an organization must be duly approved by the Institute of Chartered Accountants of India.

6. Which industrial undertaking is eligible for providing industrial training and where such an organization can apply?
Any financial, commercial, industrial undertakings with minimum fixed assets of Rs. 1 crore; or minimum total turnover or minimum paid up share capital or such other institutions or organization as may be approved by the Council. Such organizations may apply alongwith copies of Annual Report, balance sheets etc. to the decentralized Regional Office depending upon the jurisdiction of the Office. After scrutiny of relevant documents, the regional head may approve the name of such an organization to be included in the list of industries being maintained by the decentralized regional offices.

For further details visit this link
http://www.icai.org/post.html?post_id=784

For List of companies offering industrial training visit this link

http://www.icai.org/post.html?post_id=823



Total thanks : 10 times

Online classes for CA CS CMA



CMA. CS. Sanjay Gupta
"PROUD TO BE AN INDIAN"


[ Scorecard : 91349]
Posted On 11 August 2010 at 13:03

Very Important post as many students are raising this question. I think Admin should keep this in popular Discussion so that students can access it easily.

Keep it up Aditya Ji....



Total thanks : 2 times




Abhijit Korgaonkar
Final Student


[ Scorecard : 1214]
Posted On 11 August 2010 at 13:13

thnx fr the info..




Aditya Maheshwari
CA in Practice


[ Scorecard : 34893]
Posted On 11 August 2010 at 13:16

Yes Sanjayji that was the exact reason for the post as lot of queries are being asked for the same.




G!rdhar! Jang!d
BBM CA IPCC IInd Group


[ Scorecard : 680]
Posted On 11 August 2010 at 13:25

Originally posted by : CMA. Sanjay Gupta

Very Important post as many students are raising this question. I think Admin should keep this in popular Discussion so that students can access it easily.


Keep it up Aditya Ji....

 



Sanchay Maity
CWA , CA - FINAL


[ Scorecard : 98]
Posted On 11 August 2010 at 23:02

can an industrial trainee take transfer to another firm and revert back to articeship ? if no then could you please post me the institute's link where it says so ?




Rahul Gupta
Project Controller ACA MBA(Fin.)


[ Scorecard : 7904]
Posted On 12 August 2010 at 11:47

Very well observed Aditya jI. Yesterday only i salso saw the query related to The Industrial Training Concept.

 

Thanks a lot it will helped many students.

Bookmarked.



Total thanks : 1 times



Rahul Bansal
Finalist


[ Scorecard : 35121]
Posted On 12 August 2010 at 19:31

Yesterday, I was discussing  about "INDUSTRIAL TRAINING"  with my friend ......but lacking some knowledge about that....Your post has really fulfill  necessary information which I need most......Thanks a lot



Total thanks : 1 times



Rahul Bansal
Finalist


[ Scorecard : 35121]
Posted On 12 August 2010 at 19:34

Bookmarked......!!!!!!!!!!!!!




Kalpesh Chauhan,
Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)


[ Scorecard : 8182]
Posted On 18 August 2010 at 15:14



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