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Please Help - Industrial Training

CA Shammi Prabhakar (Managing Director) (2076 Points)

16 May 2011

Hello Friends..

I am looking for industrial training Right now.. But don't have updated information about that..

If any company is hiring rightnow kindly let me know..

I need an updated list of registerd company (with ICAI) and their contact details...

Please share .. if you have any info. related with..

Regards,

Shammi..

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4 Replies

Deepak Gupta (CA Student) (15922 Points)
Replied 16 May 2011

Industrial Training Approved Organisations

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FAQs
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Industrial Training
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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.
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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.
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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.
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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.
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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.
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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 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.

3 Like

CA Shammi Prabhakar (Managing Director) (2076 Points)
Replied 17 May 2011

Originally posted by : Deepak Gupta
	Industrial Training Approved Organisations Industrial Training - Western Region Accredited Institutions - Southern Region Industrial Training - Eastern Region Industrial Training - Central Region Industrial Training - Northern Region . FAQs . Industrial Training . 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. . 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. . 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. . 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. . 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. . 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 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.

Thanks for Information...

I need Contact details of Companies (E-Mail) also..

Rohit S. Soman (Articled) (21 Points)
Replied 24 May 2011

I have a unique query... please help as the matter is urgent.

Suppose if a person wants to avail Industrial Training. His balance articleship period is for 8 Months 22 days, and prior to joining Industrial Training he has taken a leave for 1 month 26 days. Is he eligible for Industrial Training??

In other words, will the leave days be added in the balance articleship period for the purposes of Industrial Training as well?? please clarify?