30 December 2014
Sir/Mam Can Industrial Training be taken only in specified list as per ICAI or can it be taken any organisation which fulfills the share capital/fixed assets/ turnover criteria?
30 December 2014
The industries must be approved by ICAI.Hence you can do your industrial training as per the specified list of ICAI. If any organisation fulfill the criteria as per requirement of ICAI then you have to submit the proof (i.e Balance Sheet) to ICAI.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
02 January 2015
Sir, with what form shall i submit balance sheet of company to the institute?
02 January 2015
Sir I know about regulation 51, but the problem is i dont know how to em-panel a new company in the institute's list of companies which provide industrial training. I need to know with what shall i attach the companies balance sheet? (I mean which form or a an application!!)
03 August 2025
To empanel a new company with ICAI for Industrial Training, follow this step-by-step process:
✅ When You Want to Take Industrial Training in a Non-Empanelled Company: According to Regulation 51 of the Chartered Accountants Regulations, 1988, you can pursue industrial training in a company not listed by ICAI if:
The company satisfies the eligibility criteria (based on paid-up share capital, turnover, or fixed assets).
The CA in employment is eligible to train industrial trainees (i.e., a member for 3+ years and not more than 2 trainees at a time).
📌 Steps to Empanel a New Company: Obtain consent from the company where you intend to train.
Get the CA's details under whom training will be done:
Name
Membership number
Years of experience
Number of trainees under them (should be ≤ 2)
Prepare supporting documents:
Latest audited Balance Sheet of the company
Board resolution/letter of intent confirming the company’s interest in offering industrial training
Profile of the company (may help for clarity)
Write an application addressed to:
The Secretary, Board of Studies, The Institute of Chartered Accountants of India, [Your nearest Regional Office]
Attach the following to your application:
A formal request letter (on your behalf or the company’s) to include the company in the ICAI’s panel
A copy of the Balance Sheet
Details of the training CA member
Any other supporting documents (like company profile or HR confirmation)
🔄 Submission Process: Submit these documents physically or via email to the Board of Studies at the concerned ICAI Regional Office.
You may follow up via phone/email after submission for approval status.
Once approved, the company gets added to ICAI’s list of industrial training organizations.
ℹ️ Helpful Links: ICAI Industrial Training Regulations: https://www.icai.org/new_post.html?post_id=784
Download Form 104 (for registration of industrial training): https://resource.cdn.icai.org/9674form104.pdf