Secondment & Industrial Training
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 February 2010
Pls provide information regarding rules for secondment & Industrial training?
Whats the maximum & min span for opting for both the options??
Whats the maximum & min span for opting for both the options??
17 February 2010
1. Who is eligible for undergoing industrial training?
A student who has passed Intermediate/Professional Education (Examination II)/Professional Competence Examination and is serving last 12 months of his articled training.
2. Whether any notice in writing is required to the Principal before joining
Industrial Training?
Yes, an articled assistant has to intimate his principal regarding his intention to take such industrial training at least three months before the date on which such training is to commence.
3. What is the maximum and minimum period of industrial training?
A student of Final Course can undergo industrial training for a maximum period of one year and minimum period of 9 months, i.e. the period may range between 9 months and 1 year.
4. Who is eligible to provide industrial training to an articled assistant and which are the required forms to be filled up?
An articled assistant can take industrial training under a member of the Institute. An associate who has been a member for a continuous period of at least 3 years shall be entitled to train one industrial trainee at a time and a Fellow member shall be entitled to train two industrial trainees at a time. There should be an agreement of industrial training in Form No.104 which will be submitted to the concerned decentralised office within 30
days of the commencement of training. On satisfactory completion of industrial training by an articled / audit assistant, the Associate / Fellow member under whom the industrial training is received shall issue a certificate in Form No.105 in respect of the training undergone and to be submitted to the concerned decentralised office within 30 days of the completion of training. It is required to maintain details of work undertaken and training received in the prescribed format.
5. Whether a student can join any financial, commercial, industrial undertakings of his choice?
Yes, but such an organization must be duly approved by the Institute of Chartered Accountants of India.
6. Which industrial undertaking is eligible for providing industrial training and where such an organization can apply?
Any financial, commercial, industrial undertakings with minimum fixed assets of Rs.1 crore; or minimum total turnover or minimum paid up share capital or such other institutions or organization as may be approved by the Council. Such organizations may apply alongwith copies of Annual Report, balance sheets etc. to the decentralized Regional Office depending upon the jurisdiction of the Office. After scrutiny of relevant documents, the regional head may approve the name of such an organization to be included in the list of industries being maintained by the decentralized regional offices
A student who has passed Intermediate/Professional Education (Examination II)/Professional Competence Examination and is serving last 12 months of his articled training.
2. Whether any notice in writing is required to the Principal before joining
Industrial Training?
Yes, an articled assistant has to intimate his principal regarding his intention to take such industrial training at least three months before the date on which such training is to commence.
3. What is the maximum and minimum period of industrial training?
A student of Final Course can undergo industrial training for a maximum period of one year and minimum period of 9 months, i.e. the period may range between 9 months and 1 year.
4. Who is eligible to provide industrial training to an articled assistant and which are the required forms to be filled up?
An articled assistant can take industrial training under a member of the Institute. An associate who has been a member for a continuous period of at least 3 years shall be entitled to train one industrial trainee at a time and a Fellow member shall be entitled to train two industrial trainees at a time. There should be an agreement of industrial training in Form No.104 which will be submitted to the concerned decentralised office within 30
days of the commencement of training. On satisfactory completion of industrial training by an articled / audit assistant, the Associate / Fellow member under whom the industrial training is received shall issue a certificate in Form No.105 in respect of the training undergone and to be submitted to the concerned decentralised office within 30 days of the completion of training. It is required to maintain details of work undertaken and training received in the prescribed format.
5. Whether a student can join any financial, commercial, industrial undertakings of his choice?
Yes, but such an organization must be duly approved by the Institute of Chartered Accountants of India.
6. Which industrial undertaking is eligible for providing industrial training and where such an organization can apply?
Any financial, commercial, industrial undertakings with minimum fixed assets of Rs.1 crore; or minimum total turnover or minimum paid up share capital or such other institutions or organization as may be approved by the Council. Such organizations may apply alongwith copies of Annual Report, balance sheets etc. to the decentralized Regional Office depending upon the jurisdiction of the Office. After scrutiny of relevant documents, the regional head may approve the name of such an organization to be included in the list of industries being maintained by the decentralized regional offices
Message likes :
2 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Lease agreement and tax on sale
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- Entries in AIS regarding sale of units and shares
- Internship/Academic shown in Salary Pay Slip of a Doctor
- CCFS 2026 Schemed
- House Property Reporting in ITR
- TDS Claim year
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
