INDUSTRIAL TRAINING
This query is : Resolved
13 February 2009
I am a ca final student. My exam is due in nov. 2009.After the exam i want to go for industial training.what is the procedure required for it? Is it necessary to do industrial training for 12 months.Do i hav to take transfer from my current employer for undergoin industrial training?
13 February 2009
pl visit www.icai.org>/post.html?post-id=772
22 February 2009
Sir,
i am unable to get the relevant information on the link you mentioned.Please once again send me the link.Thanks
i am unable to get the relevant information on the link you mentioned.Please once again send me the link.Thanks
01 August 2024
Here’s a detailed guide for your transition to industrial training as a CA Final student:
### **1. Understanding Industrial Training:**
- **Duration:** Industrial training is typically for 12 months. However, for those who are completing their articleship, this can be adjusted based on the total duration of their training and the time remaining before their exams.
- **Purpose:** Industrial training provides practical experience in industry-specific areas like finance, accounting, taxation, and auditing, which is essential for a well-rounded CA education.
### **2. Procedure for Applying for Industrial Training:**
1. **Complete Articleship:** You need to complete at least two years of articleship before applying for industrial training. Ensure you have completed the required period.
2. **Apply for Industrial Training:**
- **Identify Companies:** Look for companies offering industrial training. Major firms and industries with finance and accounting departments are potential places.
- **Prepare Documents:** Prepare a resume and cover letter. Collect necessary documents such as your articleship completion certificate.
- **Apply:** Apply to these companies through their career portals, or contact their HR departments directly to inquire about openings.
3. **Form 105:**
- **Fill Form 105:** Once you secure a position, fill out Form 105 (Application for Registration of Industrial Training) on the ICAI website.
- **Submit to ICAI:** Submit Form 105 along with the required documents to ICAI to officially register your industrial training.
### **3. Coordination with Your Current Employer:**
- **No Transfer Required:** Unlike articleship, you don’t need to take a formal transfer from your current employer to start industrial training. However, you should inform your current employer about your decision and ensure a smooth transition.
- **Relieving Letter:** Obtain a relieving letter and any necessary documentation from your current employer to ensure there are no complications.
### **4. Timing and Preparation:**
- **Post-Exams:** If you plan to start industrial training after your CA Final exams in November 2009, you should begin the application process well before your exams to ensure you have a position lined up.
- **Planning Ahead:** Start researching companies and preparing your application materials as soon as possible, even before your exams, so you can hit the ground running once your exams are over.
### **5. Key Points to Note:**
- **Flexibility:** Industrial training does not necessarily need to be continuous 12-months if you have completed your articleship and have relevant experience. However, the duration and nature of the training should be discussed and agreed upon with the prospective employer.
- **Stipend:** The stipend during industrial training will be paid by the company providing the training. Ensure to discuss and confirm the stipend details during the application process.
- **Exam Preparation:** Some companies may offer flexibility regarding time off for exams, but this should be confirmed upfront. Negotiate study leave or flexibility with the prospective employer if needed.
### **Summary:**
1. **Complete at least 2 years of articleship.**
2. **Start applying for industrial training positions well in advance.**
3. **Complete Form 105 and submit it to ICAI after securing a position.**
4. **Inform your current employer and obtain a relieving letter.**
5. **Ensure you understand the terms and conditions of the training, including stipend and flexibility for exam preparation.**
By following these steps, you can smoothly transition into industrial training and ensure it complements your CA career. If you have any further questions or need additional guidance, feel free to ask!
### **1. Understanding Industrial Training:**
- **Duration:** Industrial training is typically for 12 months. However, for those who are completing their articleship, this can be adjusted based on the total duration of their training and the time remaining before their exams.
- **Purpose:** Industrial training provides practical experience in industry-specific areas like finance, accounting, taxation, and auditing, which is essential for a well-rounded CA education.
### **2. Procedure for Applying for Industrial Training:**
1. **Complete Articleship:** You need to complete at least two years of articleship before applying for industrial training. Ensure you have completed the required period.
2. **Apply for Industrial Training:**
- **Identify Companies:** Look for companies offering industrial training. Major firms and industries with finance and accounting departments are potential places.
- **Prepare Documents:** Prepare a resume and cover letter. Collect necessary documents such as your articleship completion certificate.
- **Apply:** Apply to these companies through their career portals, or contact their HR departments directly to inquire about openings.
3. **Form 105:**
- **Fill Form 105:** Once you secure a position, fill out Form 105 (Application for Registration of Industrial Training) on the ICAI website.
- **Submit to ICAI:** Submit Form 105 along with the required documents to ICAI to officially register your industrial training.
### **3. Coordination with Your Current Employer:**
- **No Transfer Required:** Unlike articleship, you don’t need to take a formal transfer from your current employer to start industrial training. However, you should inform your current employer about your decision and ensure a smooth transition.
- **Relieving Letter:** Obtain a relieving letter and any necessary documentation from your current employer to ensure there are no complications.
### **4. Timing and Preparation:**
- **Post-Exams:** If you plan to start industrial training after your CA Final exams in November 2009, you should begin the application process well before your exams to ensure you have a position lined up.
- **Planning Ahead:** Start researching companies and preparing your application materials as soon as possible, even before your exams, so you can hit the ground running once your exams are over.
### **5. Key Points to Note:**
- **Flexibility:** Industrial training does not necessarily need to be continuous 12-months if you have completed your articleship and have relevant experience. However, the duration and nature of the training should be discussed and agreed upon with the prospective employer.
- **Stipend:** The stipend during industrial training will be paid by the company providing the training. Ensure to discuss and confirm the stipend details during the application process.
- **Exam Preparation:** Some companies may offer flexibility regarding time off for exams, but this should be confirmed upfront. Negotiate study leave or flexibility with the prospective employer if needed.
### **Summary:**
1. **Complete at least 2 years of articleship.**
2. **Start applying for industrial training positions well in advance.**
3. **Complete Form 105 and submit it to ICAI after securing a position.**
4. **Inform your current employer and obtain a relieving letter.**
5. **Ensure you understand the terms and conditions of the training, including stipend and flexibility for exam preparation.**
By following these steps, you can smoothly transition into industrial training and ensure it complements your CA career. If you have any further questions or need additional guidance, feel free to ask!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR-3 ignores Section 211 (1) (b) for Professionals u/s 44ADA
- EXEMPTION UNDER SECTION 54 FOR UNDER CONSTRUCTION FLAT
- Deduction for HUF
- Upload Level Validation Error
- How to add NRE account to income tax profile?
- Salary u/s 194C
- Merger issue
- Nill TDS Return FY 2025-26
- Form 10E requirement for Leave encashment and Gratuity received at retirement
- Filing ITR U
- Rejection of Rectification by CPC
- GST ITC in ECL and GST PURCHASES DATA IN AIS
- GST rate on monthly hiring of commercial vehicle given for transportation.
- TAXABILITY OF STATE INSURANCE MATURITY RECEIPTS BY RAJASTHAN GOVERNMENT EMPLOYEE ON RETIREMENT ?
- Document to add trade name
- GST Partners addition
- Non-disclosure of Foreign Shares & Dividend in Past ITRs – How to Rectify & Report Now?
- ICWAI-Final best coaching center for online by English
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Refund_ Insufficient in credit ledger
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
