26 December 2013
The Institute of Chartered Accountants of India (ICAI), in furtherance of its objectives of providing to the industries, members with adequate knowledge and background of industrial functioning, conceived the concept of industrial training.
The period of industrial training may range between nine months and twelve months during the last year of the prescribed period of practical training.
The minimum time duration for Industrial Training is 9 months and the mximum being 12 months.
An articled assistant who has passed the IPCC/ PCC or Intermediate examination by whatever name under ICAI, can serve as an industrial trainee for the period specified in any of the financial, commercial, industrial undertakings with minimum fixed assets or minimum total turnover or minimum paid-up share capital as may be specified by the Council.
An Associate who has been a member for a continuous period of at least three 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, whether such trainees be Articled Assistants or Audit Assistants. To avail Industrial Training, a student has to submit Form 104 with ICAI and on satisfactory completion of the Training,member under whom the industrial training is received shall issue a certificate in Form No.105 in respect of the training undergone.
26 December 2013
you can join for industrial training after completing 2 years of articleship..i.e, in last year of articleship period and which may not be shorter than 9 months
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