Industrial training

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Tanya Mahajan

Tanya Mahajan (Querist)
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10 November 2013 what r the elegiblity to join industrial training... n how can we apply for it???

Nikhil Kaushik

Nikhil Kaushik (Expert)
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10 November 2013 Regulations:

An articled clerk who has passed the Professional Education (Examination - II) or the Intermediate examination under these regulations may, at his discretion, serve as an industrial trainee for the period specified in sub-regulation (2) in any of the financial, commercial, industrial undertakings with minimum fixed assets of Rs. 1 crore; or minimum total turnover of Rs. 10 crores; or minimum paid-up share chapital Rs. 50 lakhs; or such other Institute or organisation as may be approved by the Council from time to time:

Provided that the articled clerk has intimated to his Principal his intention to take such industrial training at least three months before the date on which such training is to commence.";

The period of industrial training may range between nine months and twelve months during the last year of the prescribed period of practical training.

The industrial training shall be received under a member of the Institute. An Associate who has been a member for continuous period of at least three years shall be entitled to train one industrial trainee at a time and a fellow shall be entitled to train two industrial trainees at a time, whether such trainees be articled clerks or audit clerks.

An agreement of training shall be entered into in the form approved by the Council.

On satisfactory completion of the Industrial training, the member training the industrial trainee, shall forthwith issue to the trainee a certificate in the form** approved by the Council in respect of the training undergone under him and forward a copy thereof to the Secretary.

The period of industrial training referred to under this regulation, should be treated as service under articles for all purposes of these regulations, provided the certificate referred to in sub-regulation (5) is provided.

You should start applying atleast 3 months before you intend to start Industrial training.

Many big companies come up with vacancies for industrial training. You can refer to caclubindia article vacancy corner or

https://www.charteredclub.com/tag/industrial-training-vacancies/

CA Pallav Singhania

CA Pallav Singhania (Expert)
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10 November 2013 Agree with Expert,

However, joining Industrial training would enhance your career opportunities..
For Industrial Training don't for for Big names, do where you can learn taxation work instead of being Tally expert..

Ajay Mishra

Ajay Mishra (Expert)
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10 November 2013 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.
(vii) The form-104, in duplicate, should be sent so as to reach the office of the Institute within 30 days from the date of commencement of Industrial Training.

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.

Industrial Training Vacancies:
https://www.icai.org/post.html?post_id=823

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