Articleship

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 January 2018 I want to go for industrial training in the third year of articleship. But I have already signed three years of articleship deed. Whether it is possible to amend the deed??

Expert : Anonymous

Expert : Anonymous (Expert)

02 January 2018 For industrial Training you can take transfer in 3rd yeAr even if you had signed articleship deed

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
Follow

14 July 2024 Yes, it is possible to amend the articleship deed under certain conditions. Here’s what you should consider:

### Amending Articleship Deed:

1. **Discuss with Employer:**
- Speak to your employer or principal about your intention to pursue industrial training during your third year of articleship. Explain your reasons and seek their approval and support.

2. **ICAI Guidelines:**
- The Institute of Chartered Accountants of India (ICAI) allows for amendments to articleship deeds under certain circumstances, such as changing the place of training or the nature of work.

3. **Procedure for Amendment:**
- Typically, an amendment to the articleship deed would involve:
- **Mutual Consent:** Both you and your employer must agree to the proposed changes.
- **Submission to ICAI:** Submit a request for amendment to ICAI along with the revised articleship deed and any supporting documentation.
- **Approval:** ICAI will review the request and approve the amendment if it complies with their regulations.

4. **Industrial Training Option:**
- Industrial training during the third year of articleship is allowed by ICAI under certain conditions. It involves training in an industrial or commercial organization approved by ICAI, providing exposure to practical aspects of industrial accounting, auditing, and other related fields.

5. **Documentation and Compliance:**
- Ensure all documentation, including the amended articleship deed, is properly executed and submitted to ICAI for their records and approval.

### Points to Consider:

- **Timing:** Start the process of amending the articleship deed well in advance to allow for sufficient time for approval and any necessary adjustments.
- **Mutual Agreement:** Both parties (you and your employer) must agree to the changes. It’s crucial to maintain open communication and obtain consent from your employer.
- **ICAI Regulations:** Follow ICAI regulations and guidelines for articleship amendments and industrial training to ensure compliance and avoid any issues.

### Conclusion:

Amending your articleship deed to include industrial training during your third year is possible with mutual agreement between you and your employer, and approval from ICAI. Discuss your plans openly with your employer, adhere to ICAI guidelines, and proceed with the necessary documentation to formalize the amendment. This will allow you to pursue industrial training while continuing to progress towards completing your articleship requirements.

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