Industrial training
This query is : Resolved
17 December 2013
I want to do industrial training from april 2014. Please guide me about the procedures and how can i keep a track of the vacancies for a industrial training.
17 December 2013
Procedure
1. You need to give three months notice in advance to your current principal.
2. approach companies for industrial training vacancy. You can search for vacancies at caclubindia articleship vacancy portal, ICAI regional office/branch office websites and notice boards etc
3. you need to execute Form 109 with the exisitn principle once your period ends with him.
4. sign Form 104 with Industrial training company.
Important links:
Form 104
http://220.227.161.86/7508form104_std.pdf
Form 109
http://220.227.161.86/7512form109_std.pdf
Caclub Articleship vacancy link
https://www.caclubindia.com/article_trainee_corner/default.asp
1. You need to give three months notice in advance to your current principal.
2. approach companies for industrial training vacancy. You can search for vacancies at caclubindia articleship vacancy portal, ICAI regional office/branch office websites and notice boards etc
3. you need to execute Form 109 with the exisitn principle once your period ends with him.
4. sign Form 104 with Industrial training company.
Important links:
Form 104
http://220.227.161.86/7508form104_std.pdf
Form 109
http://220.227.161.86/7512form109_std.pdf
Caclub Articleship vacancy link
https://www.caclubindia.com/article_trainee_corner/default.asp
17 December 2013
ELIGIBILITY AND OTHER CONDITIONS FOR UNDERGOING INDUSTRIAL TRAINING
(i) An articled assistant who has passed the Integrated Professional Competence Examination / Professional Competence Examination/ Professional Education (Examination - II) or Intermediate examination can serve as an Industrial trainee in any of the financial, commercial, industrial undertakings as may specified by the Council or such other institution or organization as may be approved by the Council from time to time.
(ii) Articled assistant before proceeding for Industrial Training has to intimate his principal at least three months before the date on which such training has to commence.
(iii) Minimum period of Industrial Training may range between nine months and twelve months during the last year of prescribed period of practical training.
(iv) The Industrial Training shall be received under a member of the Institute. An Associate who has been a member for a continuous period of at least three years is entitled to train one industrial trainee and fellow is entitled train two industrial trainee at a time, whether
such trainees are articled assistants or audit assistants.
(v) An agreement of training is to be entered in the approved form i.e. Form No. 104
(vi) On satisfactory completion of industrial training, the principal has to issue service certificate in the approved form i.e. Form No. 105.
(vii) The form-104, in duplicate, should be sent so as to reach the office of the Institute within 30 days from the date of commencement of Industrial Training.
Industrial training also offers an opportunity to the trainees to take part in specialised accounting exercises. Thus, for instance, the closing of accounts provides an opportunity for them to acquire the skills necessary as a concomitant to the theoretical knowledge which they have acquired earlier.
Industrial training may also expose the trainees to management accounting, cost accounting, management information system, EDP, etc. It also provides an opportunity to them to participate in the work relating to corporate laws, taxation and secretarial practice.
Industrial Training Vacancies:
http://www.icai.org/post.html?post_id=823
ELIGIBILITY AND OTHER CONDITIONS FOR UNDERGOING INDUSTRIAL TRAINING
(i) An articled assistant who has passed the Integrated Professional Competence Examination / Professional Competence Examination/ Professional Education (Examination - II) or Intermediate examination can serve as an Industrial trainee in any of the financial, commercial, industrial undertakings as may specified by the Council or such other institution or organization as may be approved by the Council from time to time.
(ii) Articled assistant before proceeding for Industrial Training has to intimate his principal at least three months before the date on which such training has to commence.
(iii) Minimum period of Industrial Training may range between nine months and twelve months during the last year of prescribed period of practical training.
(iv) The Industrial Training shall be received under a member of the Institute. An Associate who has been a member for a continuous period of at least three years is entitled to train one industrial trainee and fellow is entitled train two industrial trainee at a time, whether
such trainees are articled assistants or audit assistants.
(v) An agreement of training is to be entered in the approved form i.e. Form No. 104
(vi) On satisfactory completion of industrial training, the principal has to issue service certificate in the approved form i.e. Form No. 105.
(vii) The form-104, in duplicate, should be sent so as to reach the office of the Institute within 30 days from the date of commencement of Industrial Training.
Industrial training also offers an opportunity to the trainees to take part in specialised accounting exercises. Thus, for instance, the closing of accounts provides an opportunity for them to acquire the skills necessary as a concomitant to the theoretical knowledge which they have acquired earlier.
Industrial training may also expose the trainees to management accounting, cost accounting, management information system, EDP, etc. It also provides an opportunity to them to participate in the work relating to corporate laws, taxation and secretarial practice.
Industrial Training Vacancies:
http://www.icai.org/post.html?post_id=823
17 December 2013
Thank you Mr. Nikhil ad Mr.Ajay but i have gone through these links already, its really hard to keep a track for the vacancies. Do we need some kind of reference for getting industrial training.
17 December 2013
yes refrences are very much required normally
18 December 2013
Prateek,
Its a myth that you need references. In some places you do. But if assume that you need it everywhere, thats wrong. good things are always hard.
Its a myth that you need references. In some places you do. But if assume that you need it everywhere, thats wrong. good things are always hard.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
