Articleship

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Guest

Guest (Querist)

30 September 2013 I have passed IPCC May 2013 so my due for final exam comes on May 2016.I have to join articleship from 01/10/2013 that means it will complete on 01/10/2016. my employer has asked me that I can give my final attempt only after 3years does that mean I have to give my final attempt for Nov 2016 ?? I want do industrial training for 3rd year which attempt would be eligible to me and will be best?? and also in form 102 Article deed what period of articleship I should mention. ( from 01/10/2013 to 01/10/2016) Please help I am totally confused

Ajay Mishra

Ajay Mishra (Expert)
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30 September 2013 Hi

As per Regulation 50 of the CA Regulations, 1988, a student will be eligible to appear in Final Exam, after completing of 30 months (2 Years and 6 months) of article ship.

As per this, if you are doing your article ship without extra leave then u will be eligible for May, 2016 attempt.

In Form-102 you will mentioned a total period of 3 years.

Ajay Mishra

Ajay Mishra (Expert)
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30 September 2013
ELIGIBILITY AND OTHER CONDITIONS FOR UNDERGOING INDUSTRIAL TRAINING

(i) An articled assistant who has passed the Integrated Professional Competence Examination / Professional Competence Examination/ Professional Education (Examination - II) or Intermediate examination can serve as an Industrial trainee in any of the financial, commercial, industrial undertakings as may specified by the Council or such other institution or organization as may be approved by the Council from time to time.
(ii) Articled assistant before proceeding for Industrial Training has to intimate his principal at least three months before the date on which such training has to commence.
(iii) Minimum period of Industrial Training may range between nine months and twelve months during the last year of prescribed period of practical training.
(iv) 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 is entitled to train one industrial trainee and fellow is entitled train two industrial trainee at a time, whether
such trainees are articled assistants or audit assistants.
(v) An agreement of training is to be entered in the approved form i.e. Form No. 104
(vi) On satisfactory completion of industrial training, the principal has to issue service certificate in the approved form i.e. Form No. 105.

Industrial training also offers an opportunity to the trainees to take part in specialised accounting exercises. Thus, for instance, the closing of accounts provides an opportunity for them to acquire the skills necessary as a concomitant to the theoretical knowledge which they have acquired earlier.

Industrial training may also expose the trainees to management accounting, cost accounting, management information system, EDP, etc. It also provides an opportunity to them to participate in the work relating to corporate laws, taxation and secretarial practice.

Guest

Guest (Querist)

30 September 2013 In Articledeed I have to mentioned 01/10/2013 to 01/10/2016 ???? If I give May 2016 then I have to complete remaining period till oct 2016. And also my employer has asked to complete 3 years then give final attempt that means Nov 2016 attempt

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