17 December 2014
Hello I have recieved an extension for 2 months of training period and i opted for industrial training in last 9 months of my articleship period. Where i can complete my extension period under industrial training or under CA Firm??
24 July 2024
If you have received an extension of 2 months for your industrial training period during your articleship, you have the flexibility to complete this extended period either under an industrial training setup or under a CA firm. Here’s how you can decide:
### Completing Extension Under Industrial Training:
1. **Duration**: Verify with your regional ICAI office or your principal whether the industrial training extension of 2 months is acceptable and complies with ICAI regulations.
2. **Approval**: Ensure that your new industrial training arrangement is approved by ICAI. This may involve submitting Form 109 for approval of additional industrial training period.
3. **Learning Objectives**: Ensure that the industrial training setup provides you with relevant and practical experience that contributes to your professional growth and meets the ICAI’s training requirements.
### Completing Extension Under CA Firm:
1. **Approval**: Discuss the extension with your existing CA firm and seek their approval to extend your articleship for 2 additional months.
2. **Form 109**: Submit Form 109 to ICAI for approval of the extension period under your CA firm. This form is necessary to document the extension and ensure compliance with ICAI regulations.
3. **Work Exposure**: Verify that the CA firm can provide you with meaningful work during the extended period that aligns with your learning objectives and enhances your professional skills.
### Considerations:
- **ICAI Regulations**: Ensure that whichever option you choose complies with ICAI regulations regarding the timing and nature of your industrial training or articleship.
- **Documentation**: Complete all necessary documentation, including Form 109, to formalize the extension of your articleship period.
- **Professional Growth**: Opt for the option that provides you with the best opportunity to gain relevant skills and experience that contribute to your professional development and preparation for the final examinations.
By following these steps and ensuring compliance with ICAI regulations, you can successfully complete your articleship with the extended training period under either an industrial training setup or a CA firm, depending on your preference and the approval received.
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