Industrial Training

THE PROVISION IS AS UNDER:-

(Regulations 51 & 72)

The articled / audit assistant may undergo training in a financial, commercial or industrial undertaking whose minimum fixed assets are Rs. One Crore or minimum total turnover of Rs. 10 crores; or minimum paid up share capital of Rs. 50 lakhs or such other Institute or Organisation as may be approved by the Council. Such training can be taken during the last year of prescribed period of practical training. The training can be taken for a minimum period of 9 months and maximum of 12 months. This is with a view to give them an exposure to the entire gamut of the activities of such undertaking in phased and systematic manner. However, for matters of discipline and leave, the apprentice shall abide by the Rules Regulations of the employer.

Eligibility to Join Industrial Training

Students having passed Both Groups of the Intermediate Examination / Professional Education (Examination - II /Professional Competence Examination (PCE) and serving last year of articled training

Who can Impart Industrial Training

· An Associate member who has completed Three Years continuous membership can train one Industrial Trainee.

· A Fellow member can train two Industrial Trainees.

· Industrial training can be received only under the Organisations approved by the Institute.

. If an articled clerk wants to join any Financial / Commercial / Industrial Organisation (eligible under Regulation 51)which is not registered with the Institute, the request from such Organisation alongwith latest copy of Annual Report, names of the members who have completed three years continuos membership and stipend payable to the trainees may be forwarded to the Institute for approval.

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Ruchit

CA Amit Talada

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