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any way to convience my sir

alifiya (CA CS FINAL) (320 Points)

14 March 2011

my sir is not allowing me for indusstrial training

i am planning to get the form 108 signed by my sir any how and run away

then i wil tell my new employer(of industrial training) to sign form 104

all i wana know is this rigt what i am doing

i also wana know that for 104 form my current sir ka sign is requid or not?

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8 Replies

Ankit Agarwal (Chartered Accountant) (197 Points)
Replied 14 March 2011

Hi Alifiya,

Form 104 jo ki industrial taining k liye hota hai dat should we singed only by the New Employer who is working in that company in which u are intrested to do ur Industrial training

Industrial Training ke liye aapko apne sir se form 109 sign karana padega then you can go for Industrial Training in companies...

1 Like

Rohit Agarwal (AGM (Accounts)) (269 Points)
Replied 14 March 2011

Old Employer has to allow you for Industrial Training

Rohit Agarwal (AGM (Accounts)) (269 Points)
Replied 14 March 2011

Provided you have intimated 3 months before to the employer regarding your interest for pusuing industrial training.

Rohit Agarwal (AGM (Accounts)) (269 Points)
Replied 14 March 2011

Refer the following regulation as per Guidelines issued by ICAI

Regulation 51

(1) An articled assistant who has passed the Professional Competence Examination or Professional Education (Examination–II) or Intermediate examination under these regulations may, at his discretion, serve as an industrial trainee for the period specified in sub-regulation (2) in any of the financial, commercial, industrial undertakings with minimum fixed assets or minimum total turnover or minimum paid-up share capital as may be specified by the Council or such other institution or organisation as may be approved by the Council from time to time:

Provided that the articled assistant has intimated to his principal his intention to take such industrial training at least three months before the date on which such training is to commence.

(2) The period of industrial training may range between nine months and twelve months during the last year of the prescribed period of practical training.

(3) The industrial training shall be received under a member of the Institute. An Associate who has been a member for a continuous period of at least three years shall be entitled to train one industrial trainee at a time and a fellow shall be entitled to train two industrial trainees at a time, whether such trainees be Articled Assistants or Audit Assistants.

(4) An agreement of training shall be entered into in the form approved by the Council.

(5) On satisfactory completion of the industrial training, the member training the industrial trainee, shall forthwith issue to the trainee a certificate in the form approved by the Council in respect of the training undergone under him and forward a copy thereof to the Secretary.

(6) The period of industrial training referred to under this regulation, shall be treated as service under articles for all purposes of these Regulations, provided the certificate referred to in sub-regulation (5) is produced.