05 October 2013
plz help me regarding industrial training..
in feb 2014 i ll complete my 2 yrs of artclshp..
can i start industrial training before feb 2014
and plz suggest how can i get information regarding vacancies in companies for applying for industrial training...
05 October 2013
Industrial training is possible only in the last yr of articleship. You can at job websites ,time to time companies give advertisement for hiring industrial trainee
05 October 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.
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.
05 October 2013
As per icai rules term of industrial training should not exceed 12 months and that should be done in last year of articleship only.. . . .Hence not possible to be a indsutrial trainee for more than a year
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