CA Student
                
                   15927 Points
                   Joined 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.