28 August 2013
I want to undergo Industrial Training. I have received the letter of appointment from ONGC regarding Industrial training but i am not aware of the procedure. Please help me in this regard as soon as possible.
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.
29 August 2013
What documents are to be submitted initially? I called ICAI help line. They told me that Form 109, Cover letter and a recommendation letter is to be sent, duly signed by my current employer. I do not have any draft or specimen of "recommendation letter". I shall be really greatful to u, if you can help me in this regard.
01 August 2024
To undertake industrial training as part of your CA course, you need to follow specific procedures and submit required documents to the Institute of Chartered Accountants of India (ICAI). Here’s a detailed guide to help you through the process:
### **Documents and Procedures for Industrial Training**
#### **1. Documents to be Submitted**
1. **Form 109 (Application for Industrial Training):** - **Purpose:** To apply for industrial training and seek approval from ICAI. - **Details Required:** Include your personal details, details of your articleship, and information about the industrial training position. - **Submission:** This form needs to be duly filled and signed by both you and your current principal.
2. **Cover Letter:** - **Purpose:** To formally communicate your intention and provide context for your industrial training application. - **Details to Include:** - **Your Details:** Name, registration number, contact information. - **Current Articleship Details:** Duration, current principal’s name. - **Details of Industrial Training:** Company name (ONGC), position, duration of training. - **Reason for Industrial Training:** Why you are opting for industrial training. - **Principal’s Details:** Include a reference to the recommendation letter from your current principal.
3. **Recommendation Letter from Current Principal:** - **Purpose:** To confirm your training history and your request for industrial training. - **Details to Include:** - **Principal’s Letterhead:** Use the letterhead of your current employer. - **Addressed To:** ICAI or the concerned authority. - **Content:** Mention your name, registration number, period of articleship, confirmation of the request for industrial training, and recommendation for the same. - **Format (Sample):**
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**[Current Employer's Letterhead]** **[Date]**
**To,** **The Secretary** **The Institute of Chartered Accountants of India** **[Address of ICAI Regional Office]**
**Subject: Recommendation for Industrial Training**
Dear Sir/Madam,
This is to certify that [Your Name], a registered articled assistant with registration number [Your Registration Number], has been working with us since [Start Date of Articleship] as an articled assistant. [He/She] has completed [number] years of training with us.
We have received a formal offer for [Your Name] to undertake industrial training at [ONGC] from [Start Date] to [End Date]. We understand the importance of this opportunity for [Your Name]'s professional development and support [his/her] application for industrial training.
We recommend [Your Name] for industrial training and request you to kindly approve [his/her] application.
1. **Prepare Documents:** Ensure you have all documents filled and signed: - Form 109. - Cover letter. - Recommendation letter.
2. **Submission:** - **Address:** Send the documents to the ICAI Regional Office where your articleship is registered. - **Mode:** Typically, these can be submitted by post or hand-delivered. Verify with ICAI if online submission is an option.
3. **Acknowledgment:** After submission, ICAI will process your application and send you an acknowledgment or approval letter.
4. **Follow-Up:** Keep track of the status of your application and ensure that you comply with any additional instructions or requirements from ICAI.
#### **3. Key Points to Remember**
- **Timing:** Submit your application well before the start date of your industrial training. - **Confirmation:** Ensure you receive confirmation from ICAI before starting the industrial training. - **Communication:** Keep your current principal informed and obtain their support throughout the process.
If you need any further assistance or have specific questions, feel free to ask!
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