Please somebody let me know about the details regarding industrial training during the articleship tenure.
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Query regarding industrial Training
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pls see the above link....industrial training minimum for 9 months & maximum for 12 months in the last year of articleship
INDUSTRIAL TRAINING What is industrial training?
It is a training scheme by which a student can undergo practical training within an approved industrial undertaking having specified amount of fixed assets or turnover or paid – up share capital. 53. ï‚· opportunity to develop a problem solving attitude and to have an insight into the functioning of the accounts department. ï‚· and correlation with members of other professions and disciplines. ï‚· ï‚· establishments in a phased and systematic manner. ï‚· view of its operations. ï‚· enterprises, recognizes that perception of the overall business environment is the prime objective of such training. 54. An articled assistant after passing PCE can undergo industrial training during last 9-12 months of articled training. 55. Yes. An articled assistant shall intimate to the MIT / Principal about his intention to undergo industrial training at least 3 months before the date on which such training is to commence. 56. Industrial training can be performed in financial, commercial, industrial undertakings with minimum fixed assets of Rs.1 crore; or minimum total turnover of Rs.10 crore; or minimum paid–up share capital of Rs.50 lakhs; or such other institutions or organization as may be approved by the Council from time to time. 57. 15 The period of industrial training may range between 9 months to 12 months. 58. Yes. 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. 59. is available in Form No.102)? Yes. It is Form No.104. Refer to Training Guide for a specimen copy of this Form. 60. Yes. 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. Refer to Training Guide for a specimen copy of this Form. 61. Yes. It is required to maintain details of work undertaken and training received in the prescribed format. Refer to Annexure VII of the Training Guide. Record of the industrial training should be signed by the Principal (the associate / fellow member under which the industrial training is received) in all circumstances.
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G.
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