industrial training

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parag (Querist)
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10 February 2017 can anyone guide me regarding industrial training. step by step process of registration. and interview preparation

Rupesh Maheshwari

Rupesh Maheshwari (Expert)
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12 February 2017 CA Industrial Training – As per ICAI

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.
Eligibility to Join Industrial Training
(a) After having passed Both Groups of the Intermediate Examination/PE-ll Examination / Professional Competency Course.
(b) During the last year of practical training.
Period of Industrial training :
Period for registration as Industrial trainee should not be less than nine months and more than twelve months including period of excess leave taken.

Who Can Impart Industrial Training
• An associate member for a continuous period of three years can train one Industrial Trainee.
• A Fellow member can train two Industrial Trainees.
• Industrial training can be received only under a member of the Institute and under the Organisations approved by the Institute.

Conditions .

• Student must inform his Principal three months before the date on which training is to commence, his intention to undertake Industrial Training.
• Obtain Form 109 or 114 ( as the case may be ) from the present principal alongwith Training Report as specified in the Training Guide.
• Execute Apprenticeship deed in Form 104 on a non-judicial stamp paper or affix ‘Special Adhesive Stamp’ as per rates applicable in respective city/States in duplicate and submit the same so as to reach the Institute’s office within 30 days from the date of commencement of such training, through the “Organisation” where Industrial Training is to be taken.
• An audit assistant who has passed the Intermediate /PE-ll/Professional Competency Course, examination and serving the last year of Service may also opt for Industrial Training. He should full fill all requirements as mentioned above as in the case of articled assistant. He is also required to submit Form 104 duly executed as well as Form No.114.

parag

parag (Querist)
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13 February 2017 thanks a lot

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