18 October 2015
Urgent urgent...
My friend wants ATC CERTIFICATE.
So please tell me the procedure, requirements,eligibility etc.
I didn't get any clear info from different sites.
And is it so that after getting ATC certificate person can't continue CA?????
15 July 2024
Obtaining the ATC (Articled Training Completion) certificate is a significant milestone for CA students in India. Here’s a clear outline of the procedure, requirements, eligibility, and its implications:
### Procedure to Obtain ATC Certificate:
1. **Completion of Articleship**: You must complete a minimum of three years of articleship under a practicing Chartered Accountant (CA).
2. **Application Submission**: - Fill out the prescribed application form for ATC available on the ICAI website or from your principal. - Submit the completed application form along with the required documents to your principal.
3. **Verification by Principal**: - Your principal (the CA under whom you completed articleship) verifies your completion of articleship and signs the application form.
4. **Submission to ICAI**: - Your principal submits the verified application form and other required documents to the Institute of Chartered Accountants of India (ICAI) on your behalf.
5. **Issuance of ATC Certificate**: - Upon verification by ICAI, the ATC certificate is issued to you through your principal.
### Requirements:
- **Minimum Articleship Period**: Completion of three years of practical training as an articled assistant. - **No Break in Articleship**: Continuous service under a practicing CA without any breaks unless permitted under ICAI regulations. - **Completion of GMCS and ITT**: General Management and Communication Skills (GMCS) and Information Technology Training (ITT) courses must be completed as per ICAI requirements.
### Eligibility:
- Eligibility to apply for ATC arises after completing the full three-year period of articleship. - You must fulfill all ICAI requirements regarding articleship, courses, and any other stipulations.
### Implications:
- **Post-ATC Career**: Once you receive the ATC certificate, you are eligible to pursue other opportunities such as further studies, employment, or practice as a Chartered Accountant. - **Continuation in CA**: Obtaining the ATC certificate does not preclude you from continuing your journey towards becoming a Chartered Accountant. In fact, it is a necessary step towards completing the CA qualification.
### Additional Notes:
- **Caution**: Ensure all forms and documents are accurately filled out and submitted. Any discrepancies may delay the issuance of the ATC certificate. - **Consultation**: If you encounter any difficulties or uncertainties, seek guidance from your principal or ICAI's regional office for clarification.
The ATC certificate marks the successful completion of your articleship and is crucial for your career as a Chartered Accountant. Follow the procedure diligently to ensure a smooth process towards obtaining your certificate.
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