industrial training
This query is : Open
10 February 2017
can anyone guide me regarding industrial training.
step by step process of registration. and interview preparation
12 February 2017
CA Industrial Training – As per ICAI
An articled clerk who has passed the Professional Education (Examination – II) or the Intermediate examination under these regulations may, at his discretion, serve as an industrial trainee for the period specified in sub-regulation (2) in any of the financial, commercial, industrial undertakings with minimum fixed assets of Rs. 1 crore; or minimum total turnover of Rs. 10 crores; or minimum paid-up share chapital Rs. 50 lakhs; or such other Institute or organisation as may be approved by the Council from time to time.
Eligibility to Join Industrial Training
(a) After having passed Both Groups of the Intermediate Examination/PE-ll Examination / Professional Competency Course.
(b) During the last year of practical training.
Period of Industrial training :
Period for registration as Industrial trainee should not be less than nine months and more than twelve months including period of excess leave taken.
Who Can Impart Industrial Training
• An associate member for a continuous period of three years can train one Industrial Trainee.
• A Fellow member can train two Industrial Trainees.
• Industrial training can be received only under a member of the Institute and under the Organisations approved by the Institute.
Conditions .
• Student must inform his Principal three months before the date on which training is to commence, his intention to undertake Industrial Training.
• Obtain Form 109 or 114 ( as the case may be ) from the present principal alongwith Training Report as specified in the Training Guide.
• Execute Apprenticeship deed in Form 104 on a non-judicial stamp paper or affix ‘Special Adhesive Stamp’ as per rates applicable in respective city/States in duplicate and submit the same so as to reach the Institute’s office within 30 days from the date of commencement of such training, through the “Organisation” where Industrial Training is to be taken.
• An audit assistant who has passed the Intermediate /PE-ll/Professional Competency Course, examination and serving the last year of Service may also opt for Industrial Training. He should full fill all requirements as mentioned above as in the case of articled assistant. He is also required to submit Form 104 duly executed as well as Form No.114.
An articled clerk who has passed the Professional Education (Examination – II) or the Intermediate examination under these regulations may, at his discretion, serve as an industrial trainee for the period specified in sub-regulation (2) in any of the financial, commercial, industrial undertakings with minimum fixed assets of Rs. 1 crore; or minimum total turnover of Rs. 10 crores; or minimum paid-up share chapital Rs. 50 lakhs; or such other Institute or organisation as may be approved by the Council from time to time.
Eligibility to Join Industrial Training
(a) After having passed Both Groups of the Intermediate Examination/PE-ll Examination / Professional Competency Course.
(b) During the last year of practical training.
Period of Industrial training :
Period for registration as Industrial trainee should not be less than nine months and more than twelve months including period of excess leave taken.
Who Can Impart Industrial Training
• An associate member for a continuous period of three years can train one Industrial Trainee.
• A Fellow member can train two Industrial Trainees.
• Industrial training can be received only under a member of the Institute and under the Organisations approved by the Institute.
Conditions .
• Student must inform his Principal three months before the date on which training is to commence, his intention to undertake Industrial Training.
• Obtain Form 109 or 114 ( as the case may be ) from the present principal alongwith Training Report as specified in the Training Guide.
• Execute Apprenticeship deed in Form 104 on a non-judicial stamp paper or affix ‘Special Adhesive Stamp’ as per rates applicable in respective city/States in duplicate and submit the same so as to reach the Institute’s office within 30 days from the date of commencement of such training, through the “Organisation” where Industrial Training is to be taken.
• An audit assistant who has passed the Intermediate /PE-ll/Professional Competency Course, examination and serving the last year of Service may also opt for Industrial Training. He should full fill all requirements as mentioned above as in the case of articled assistant. He is also required to submit Form 104 duly executed as well as Form No.114.
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?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Confusion around Form 26QB fields
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
