Industrial training

This query is : Resolved

SAGAR SHARMA (Querist)
Follow

30 January 2019 I have applied for ca induatrial training in a company in delhi now this company is asking for sponsorship letter issued by icai.
Ca anybody answer whats the procedure for this and purpose of such letter.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

09 February 2019 you can show them the provision of industrial training clause on icai web site.

SAGAR SHARMA

SAGAR SHARMA (Querist)
Follow

21 February 2019 THANKS SIR. I HAVE CLARIFIED FROM THEM THEY ARE SAYING THAT IT IS FORM-104 THAT WE ARE SUPPOSED TO SUBMIT WITH ICAI.

Upgrade to CAclubindia Pro. Subscribe Now!

SAGAR SHARMA

SAGAR SHARMA (Querist)
Follow

21 February 2019 BUT NOW SIR MY PRINCIPLE IS NOT ALLOWING ME TO GO FOR INDUSTRIAL..

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

21 February 2019 Oh.... it has to be in consultation with your Principal. If he is not allowing, then better continue with articleship

SAGAR SHARMA

SAGAR SHARMA (Querist)
Follow

22 February 2019 SIR WILL INSTITUTE INTERFERE IN THIS SHOULD I APPROACH THEM..?

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

22 February 2019 No. ICAI does NOT interfere in such matters.
There could be an indirect way to handle this situation. If you happen to know some senior (CA or non CA) who can convince your principal on an informal way. You can try that.

SAGAR SHARMA

SAGAR SHARMA (Querist)
Follow

26 March 2019 Sir my principal has given me tranfer on 6 march 2019 but my 2 nd year is competing o 25 th march now i have been selwcted in a company . Can i join that company from 26th march 2019 i.e from my 3rd year of articleship and serve the extension period of 20 days ( from 6th march2019 to 25 march 2019) after my industrial.

Upgrade to CAclubindia Pro. Subscribe Now!

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

26 March 2019 extension period is ok. But how can you do 'industrial training' and 'service' together from 26/03/2019?

SAGAR SHARMA

SAGAR SHARMA (Querist)
Follow

28 March 2019 Sir after completing my industrial from 26 march 2019 to 26 march 2020. After that is it not possible to serve extension period under a practicing ca.
Further sir is it mandatory to submit bot form 109 & form 104 together??

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

29 March 2019 yes, that is possible.

SAGAR SHARMA

SAGAR SHARMA (Querist)
Follow

29 March 2019 Further sir what is the time limit for submission of form109 icai have not specified any such thing in that form as in case of form 104 or fprm 103. Sir is it mandatory to submig form 104 & form 109 at the same time ??

Upgrade to CAclubindia Pro. Subscribe Now!

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

31 March 2019 No time limit as such. It is in your interest to submit as soon as possible. (Because the delay in submission will delay the termination process)

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

31 March 2019 https://www.icai.org/post.html?post_id=9653 follow the link for form 104 rules.
You can file 104 and 109 separately.

SAGAR SHARMA

SAGAR SHARMA (Querist)
Follow

31 March 2019 Ok sir thanku so much

Upgrade to CAclubindia Pro. Subscribe Now!

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

01 April 2019 You are most welcome...
..

SAGAR SHARMA

SAGAR SHARMA (Querist)
Follow

28 January 2020 Sir is it possible to terminate Industrial Training before its expected date of completion due to some personel reasons

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

28 January 2020 Normally No. It is not possible

SAGAR SHARMA

SAGAR SHARMA (Querist)
Follow

28 January 2020 Ok sir. further sir what is form 119 and its applicability for articles undergoing Industrial training.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

29 January 2020 First & foremost, you need to submit Form 119 to your principal (employer). Form 119 is a Requisition Form for issue of service certificate. Based on this, your employer will give you Form 108 which is a Certificate of Services under Articles. You need to send Form 108 signed by your employer to the institute / council within 30 days of completion of your articles. If you send after 30 days then you need to pay Rs. 100 as late fees. Delay beyond 30 days upto 180 days requires payment of Rs. 300 as late fees. Late submission fees slabs are mentioned on Form 108. Download form 119 from ICAI. Form 108 you should get from council or offices of ICAI. In short send original signed form 108 (signed by employer), acknowledged copy of form 119 & a covering letter to ICAI within 30 days of completion of articles.
Check out this forum > https://www.caclubindia.com/forum/enquiry-regarding-procedure-on-completion-of-articleship-55506.asp

SAGAR SHARMA

SAGAR SHARMA (Querist)
Follow

30 January 2020 Sir what if the company is terminating training due to under performance/misbehavior .

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

30 January 2020 That is really serious. You better be in touch with ICAI for such instance

SAGAR SHARMA

SAGAR SHARMA (Querist)
Follow

30 January 2020 sir institute is saying that company cannot terminate training by itself. further sir if we have taken excess leaves during our industrial training how shall we compensate the same

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

30 January 2020 You can give the ICAI letter to your Industrial Trainer and tell it that industrial training can not be terminated.
After the training is over, send the articleship completion form to ICAI and let ICAI calculate the excess leave. ICAI will send you a letter and accordingly you have to complete the excess leave articleship

SAGAR SHARMA

SAGAR SHARMA (Querist)
Follow

30 January 2020 sir can we serve our excess leaves of industrial training under a practicing CA or we have to serve under the training company???

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

03 February 2020 We have to do as directed in the letter from ICAI. (Normally it gives permission to undergo excess leave period training with practising CA)