Articleship registration
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 March 2013
Sir, I completed my PE-II & CCT in Nov 2005. After that i joined in a company as an accountant. I did not completed my articles. I would like to continue my Final & Article. Please tell me the procedures regarding Fees & registration for final & articles.
Also tell me about GMCS.
Also tell me about GMCS.
31 March 2013
For Articlship go to the following link:
http://220.227.161.86/14461m_impart.pdf
http://220.227.161.86/14461m_impart.pdf
31 March 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.
(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.
31 March 2013
PROCEDURES FOR REGISTRATION
1. Buy Forms 102 and 103 from the Institute of Chartered Accountants of India, New Delhi or from Regional Offices or its Branch Offices on payment of Rs. 100/-.
Or
Obtain the same by post by sending a demand draft / PO of Rs. 140/- (including postage)
payable in favour of "The Secretary, The Institute of Chartered Accountants of India, New
Delhi" or the concerned Regional Office.
2. Ensure a vacancy under an eligible practising Chartered Accountant for undergoing articles training.
3. If a vacancy is available and the Chartered Accountant in practice has agreed to impart training then execute Deed of Articles in Form 102 by affixing 'Special Adhesive Stamp' thereon or on a non-judicial stamp paper of the value as per rate in force in the City / State.
Fill up all details in Form 103 as required, sign it, obtain counter signature of the Principal.
4. Submit Form 103 in duplicate alongwith:
(i) Certified true copy of marks statement of Foundation Examination / Professional
Education (Examination-I) / Professional Education (Examination-II) /IPCC/ Common Proficiency Test.
(ii) Certified true copy of Secondary / High School Certificate as proof of Date of Birth.
(iii) Certified true copy of marks statement of 10+2 examination.
(iv) Requisite fees by way of Demand Draft as per schedule of fees given on Para 5.
(v) Certificate of completion of the Compulsory Computer Training / Information Technology
Training in case a student is joining 3 year articleship after passing Professional Education (Examination-II).
Copies of all testimonials must be attested by the Principal.
5. Schedule of Fees payable under the New Scheme of Education & Training w.e.f. September 13, 2006.
http://www.icai.org/new_post.html?post_id=781
PROCEDURES FOR REGISTRATION
1. Buy Forms 102 and 103 from the Institute of Chartered Accountants of India, New Delhi or from Regional Offices or its Branch Offices on payment of Rs. 100/-.
Or
Obtain the same by post by sending a demand draft / PO of Rs. 140/- (including postage)
payable in favour of "The Secretary, The Institute of Chartered Accountants of India, New
Delhi" or the concerned Regional Office.
2. Ensure a vacancy under an eligible practising Chartered Accountant for undergoing articles training.
3. If a vacancy is available and the Chartered Accountant in practice has agreed to impart training then execute Deed of Articles in Form 102 by affixing 'Special Adhesive Stamp' thereon or on a non-judicial stamp paper of the value as per rate in force in the City / State.
Fill up all details in Form 103 as required, sign it, obtain counter signature of the Principal.
4. Submit Form 103 in duplicate alongwith:
(i) Certified true copy of marks statement of Foundation Examination / Professional
Education (Examination-I) / Professional Education (Examination-II) /IPCC/ Common Proficiency Test.
(ii) Certified true copy of Secondary / High School Certificate as proof of Date of Birth.
(iii) Certified true copy of marks statement of 10+2 examination.
(iv) Requisite fees by way of Demand Draft as per schedule of fees given on Para 5.
(v) Certificate of completion of the Compulsory Computer Training / Information Technology
Training in case a student is joining 3 year articleship after passing Professional Education (Examination-II).
Copies of all testimonials must be attested by the Principal.
5. Schedule of Fees payable under the New Scheme of Education & Training w.e.f. September 13, 2006.
http://www.icai.org/new_post.html?post_id=781
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