Icwai training exemptions

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

12 October 2012 Hello

Currently i am working with my Father's Friend Business.It is not a private company i mean it is not registered as Pvt Ltd and located in rural area.
They are dealing in Manufacturer and suppliers of Automotive parts and having a turnover of above 5 corers. Besides this they have ISO 9000 too.

Now my Question if i carry my ICWAI training over there can i apply my experience for the cwa practical training exemption. i dnt know how we can bifarcated this oragnization under the category beacause they just use the name "Indutries" behind them ie, Shree xyz industries.(may be due to rular area)

Hemant Kumar

Hemant Kumar (Expert)
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12 October 2012 You will get exemption from undergoing practical training equivalent to your
working experience in the Organizations listed below provided you are
working/worked in the recognized areas listed below:

Organizations recognized for Training: (i) Central/State Government /
Semi-Government / Public Utilities (ii) Banks and other Financial Institutions
(iii) Insurance Company (iv) Public Sector Unit (v) Public Limited Company (vi)
Private Limited Company (vii) Information Technology Sector (viii) KPO / BPO
(ix) Stock Exchange (x) Universities, Management Institutes and any other
educational institute (xi) Limited Liability Partnership Firm (xii) Management
Consultancy Firms (xiii) NGO (xiv)Co-operative societies engaged in Banking
or Manufacturing and (xiii) Any other institution as approved by the Council
from time to time
Recognized areas for Training: (i) Cost Accounting (ii) Financial Accounting
(iii) Financial Management (iv) Auditing (v) Regulatory compliances (vi) Direct
Taxation (vii) Indirect Taxation (viii) Corporate Laws, Industrial Laws and
Commercial Laws (ix) Systems Analysis and Information Technology
(including ERP system) (x) Project Management (xi) Banking Operations (xii)
Insurance (xiii) Valuation (xiv) Financial Services (xv) Teaching in Finance,
Accounts, Costing, Taxation, Management and subjects covered in ICWAI
Syllabus (other than visiting faculty) (xvi) Management Consultancy Services
(xvii) Any other areas approved by the Council from time to time.

Querist : Anonymous

Querist : Anonymous (Querist)

12 October 2012 But do the Oranization should be a company.

I mean to say My fater freinds is using word "Industries" behind the name of the Business. what it mean?

I have heard that the minimum capital requirement for adding word "Industires" is 1 corers.

So can i claim in this organization if all other condition are matched

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