Industrial training

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CA Anand Chawda (Querist)

01 September 2013 I had joined small ca firm for my articleship which deals with vat ,income tax, service tax...but not related with finance and budget,etc. Please tell me that can i join industrial training after completion of 2 years of articleship.

Ajay Mishra

Ajay Mishra (Expert)

03 September 2013 Hi

Yes, you can join Industrial Training after 2 years of article ship.

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.

CA Anand Chawda

CA Anand Chawda (Querist)

13 October 2013 thank you for guiding me.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

13 October 2013 Yes agreed with expert suggestion if u not happy with current artcileship then after completion of 2 years u can join for industrial training.

CA Pallav Singhania

CA Pallav Singhania (Expert)

13 October 2013 However, the range between Industrial training is between 9-12 months..

Don't join Industrial Training by big names but by the scope of work..

Best of Luck..

CA Anand Chawda

CA Anand Chawda (Querist)

15 October 2013 thank you..

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