01 August 2024
To begin industrial training under the Chartered Accountancy (CA) curriculum, you need to meet specific eligibility criteria and follow a set procedure. Here’s a detailed overview:
### **1. Eligibility Criteria for Industrial Training**
- **Completion of Articleship:** - You must have completed at least 2 years of your 3-year articleship before you can apply for industrial training. Since you have completed 6 months of articleship, you would need to wait until you have completed 2 years of your articleship.
- **Timing:** - Industrial training is typically undertaken in the last year of articleship. You can start planning for it when you are in your second year of articleship.
- **Approval:** - The company where you wish to undertake industrial training must be approved by ICAI or meet the criteria set by ICAI for industrial training.
### **2. Procedure to Apply for Industrial Training**
- **Find a Company:** - Identify companies that offer industrial training and are either approved by ICAI or meet the criteria set by ICAI. Refer to the ICAI website or contact ICAI for a list of approved companies.
- **Prepare Application:** - **Resume and Cover Letter:** Prepare a professional resume and a cover letter addressing the company where you are applying for industrial training. - **Documentation:** Obtain necessary documentation from ICAI, such as Form 109 and other required forms.
- **Submit Forms to ICAI:** - **Form 109:** This form is used to report the commencement and completion of industrial training. It needs to be submitted to ICAI. - **Cover Letter:** Draft a cover letter addressed to ICAI explaining your intention to undertake industrial training. - **Recommendation Letter:** If required, obtain a recommendation letter from your current principal.
- **Approval Process:** - Submit the required documents (Form 109, cover letter, etc.) to ICAI. ICAI will review and approve your application.
### **3. Important Points to Note**
- **Industrial Training Duration:** - The duration of industrial training is typically between 9 to 12 months.
- **Stipend:** - Industrial training does not guarantee a stipend, but some companies may offer it.
- **ICAI Guidelines:** - Ensure that you follow all guidelines and requirements set by ICAI for industrial training.
### **Resources for Further Information**
- **ICAI Website:** - The official ICAI website provides detailed information about industrial training, including forms and guidelines. You can visit [ICAI’s Industrial Training Section](https://www.icai.org/post.html?post_id=17151) for more details.
- **ICAI Regional Offices:** - You can also contact your ICAI regional office for specific queries and additional guidance on industrial training.
- **ICAI Notifications:** - Keep an eye on ICAI notifications and circulars for updates related to industrial training.
Feel free to reach out if you have any more questions or need further assistance!
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