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Ajay Mishra (Company Secretary) 28 December 2010
A student has to undergo articled training for the period of three years along with theoretical education. The entire period of practical training can be served with a practising member or it can be served partly with a practising member and partly in an approved industrial establishment as an Industrial Trainee. The period of such industrial training may range between 9–12 months during the last year of the prescribed period of practical training. Only students of Final Chartered Accountancy Course are eligible for Industrial training. A person registered as an articled assistant is entitled to receive a minimum monthly stipend as per the rates specified under the Chartered Accountants Regulations, from time to time. The current minimum rates of monthly stipend payable, depending on the situation of the normal place of services of the articled assistants.
Industrial training is a training scheme by which a student can undergo practical training within an industrial undertaking having specified amount of fixed assets or turnover or paid-up share capital. Industrial training can be commenced during the last one year of articleship. Industrial training can be performed in financial, commercial, industrial undertakings with minimum fixed assets of 1 crore; or minimum total turnover of10 crore; or minimum paid–up share capital of50 lakhs; or such other institutions or organization as may be approved by the Council from time to time. The period of industrial training may range between 9 months and one year. The industrial training shall be received under the 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 shall be entitled to train two industrial trainees at a time. There should be an agreement of industrial training in Form No.104. 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. It is required to maintain details of work undertaken and training received in the prescribed format.
Industrial training is better,because it give practicle training.
v.kalpana (lecturer) 28 December 2010
Article Assistant is better option if u have a good CA fr recruting you as articles
if ur pricipal has gud no of cmpny files den industrial training wil bcm part of ur articles
and audit is no doubt alrdy part of articles training
ALL THE BEST
Think nd choose
Dheeraj (Learner) 28 December 2010
can anyone please tell me, what is the main work in Industrial Training
what is the main benefit to do an industrial training, which cant be benefited under a middle class ca firm
CA Suneel Kumar Yadav (Manager Credit) 28 December 2010
As I have joind PepsiCo Inc for industrial training you may choose your optin as per the following criteria-
a- your firm status/ level ( top/middle/low)
b- your future planning ( practice/job)
c- if you r in middle /low level of firm then behaviour/character of your employer.
In my opinion if you are in middle /low level of firm and your future planning is to do job or you r frusted with your employer then you must join Industrial training
prateek rijwani (Industrial Trainee) 29 December 2010
|Originally posted by : Dheeraj|
Which one is much better.....
Industrial Training or Articleship Training...
Please suggest with proper reasons
@ dheeraj:I think it depends on u........
If you want to do Job in any MNC,then industrial training is the best option bcz it gives the complete exposure of corporate world in advance before you join any co. on rolls............
But on the other way if you are planning for your own practice then do articleship