Industrial traing

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Querist : Anonymous

Querist : Anonymous (Querist)

25 May 2012 for registering as industrial trainee will we have to take transfer from present employer(ca),and which form we have to fill ,and what procedure we have to follow please provide suggestions

Ajay Mishra

Ajay Mishra (Expert)
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25 May 2012 Hi

Secondment/Exchange (Regulation 54)

In order to expose the trainees at large to multi-disciplinary work and variety of business situations, the arrangement of secondment has been provided in the Regulation 54. The procedure relating to
secondment enables an articled trainee to gain practical experience, in areas where the Principal may not be in a position to provide the same, in the office of another member in practice on the basis of a mutually agreed arrangement. In order that maximum advantage can be taken of this
procedure, the secondment scheme has been made flexible. Secondment is allowed with the consent of the articled trainee from one employer to a member who is entitled to train articled trainees in his own right or to a member in industry who is entitled to train industrial trainees.
The member to whom the trainee is seconded is not entitled to train more than two such trainees on secondment at a time. The aggregate period of secondment cannot exceed one year provided that the period served on secondment with any one member or his partner does not exceed six months. Where an articled trainee is seconded to a member in industry, the total period spent in industry including the period of industrial training should not exceed one year. During secondment the Principal is required to pay the stipend. The Principal is required to keep records of the
training undergone during secondment and include its particulars in the report to the Council under Regulation 64.

Apart from the secondment of a trainee from one firm to another firm or to an industry, firms may exchange trainees on mutual basis for a limited period to the advantage of firms and trainees. Such an arrangement is also quite flexible like the scheme of secondment and enables the firms to overcome deficiency, if any, in practical training imparted to trainees.

Querist : Anonymous

Querist : Anonymous (Querist)

25 May 2012 hi....please tell me the procedure in simple words

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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01 August 2024 To register as an industrial trainee after completing your initial 2 years of articleship, you need to follow a specific process as outlined by the Institute of Chartered Accountants of India (ICAI). Here’s a step-by-step guide on how to proceed:

### **1. **Understand the Requirements:**
- **Minimum Training Period:** You need to have completed at least 2 years of your 3-year articleship before you can start an industrial training.
- **Industrial Training Period:** The industrial training should be for a minimum of 9 months.

### **2. **Transfer from Current Employer:**
- **Transfer Requirement:** You must take a transfer from your current CA firm if you are currently undergoing articleship. The transfer is necessary because industrial training cannot be carried out simultaneously with articleship.
- **Transfer Process:**
- **Submit a Transfer Application:** You need to apply for a transfer through Form 109 to the ICAI, which you can obtain from the ICAI website or your regional council office.
- **Obtain Transfer Approval:** Your request for transfer must be approved by ICAI. You should also submit a resignation letter to your current employer and obtain a relieving letter.

### **3. **Find an Industrial Training Opportunity:**
- **Identify a Suitable Company:** Look for companies that offer industrial training for CA students. Ensure the company meets ICAI’s requirements for industrial training.
- **Apply for Industrial Training:** Apply directly to companies or through job portals. Once you secure a position, you will need to get the offer letter from the company.

### **4. **Register for Industrial Training:**
- **Form 105:** You need to fill and submit **Form 105** for registration as an industrial trainee. This form is available on the ICAI website.
- **Required Documents:** You will need to provide:
- **Offer Letter:** From the company where you will be undergoing industrial training.
- **Relieving Letter:** From your previous CA firm.
- **Articleship Completion Certificate:** Confirming that you have completed 2 years of articleship.

### **5. **Submit the Forms:**
- **Submit Form 105:** Send the completed Form 105 and all supporting documents to the ICAI regional office or the head office, depending on your jurisdiction.
- **Receive Approval:** ICAI will review your application, and once approved, you will be registered as an industrial trainee.

### **6. **Commence Industrial Training:**
- **Start Training:** Begin your industrial training as per the agreement with the company.
- **Maintain Records:** Keep track of your training and ensure compliance with ICAI regulations.

### **Additional Tips:**
- **Consult ICAI Resources:** Refer to the ICAI website or contact your regional office for the latest guidelines and requirements.
- **Keep Documentation Handy:** Ensure all paperwork is in order and keep copies of all submitted documents for your records.

If you have any more specific questions or need further assistance, feel free to ask!

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