Industrial trainig eligibility plzzzz helpp!!!

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2013 Dearest Sir ,

kindly tell me that during my articleship perod i have already taken transfer 2 times ie i have been served as an article under 3 principals .

Now can i take transfer 3rd time for industrial training as i am in my last year of industrial training.

I had to take transfer becoz my princpal had resigned and second time becoz work was not good.

HOPING FOR SOME REPLY.
PLZZZ KINDLYY REPLYYY ITSSSS URGENTTTTT

Nikhil Kaushik

Nikhil Kaushik (Expert)

17 February 2013 yes, you can apply for industrial training. You should atleast be having 9 months left for articleship completion.

Ajay Mishra

Ajay Mishra (Expert)

17 February 2013 Hi

There is no restriction for taking transfer, if you have sufficient reason.

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.

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