Process of industrial training
This query is : Resolved
03 January 2014
plz tell me about the form for industrial training
and whether i hv to change CA for ragistring in the company as a traineee
03 January 2014
Form 104. yes you need to sign form 109 with the current principal and sign 104 with the CA in the company where you want to pursue industrial training.
03 January 2014
The Institute of Chartered Accountants of India (ICAI), in furtherance of its objectives of providing to the industries, members with adequate knowledge and background of industrial functioning, conceived the concept of industrial training.
The period of industrial training may range between nine months and twelve months during the last year of the prescribed period of practical training. The minimum time duration for Industrial Training is 9 months and the mximum being 12 months.
An articled assistant who has passed the IPCC/ PCC or Intermediate examination by whatever name under ICAI, can serve as an industrial trainee for the period specified in any of the financial, commercial, industrial undertakings with minimum fixed assets or minimum total turnover or minimum paid-up share capital as may be specified by the Council.
An Associate who has been a member for a continuous period of at least three years shall be entitled to train one industrial trainee at a time and a fellow shall be entitled to train two industrial trainees at a time, whether such trainees be Articled Assistants or Audit Assistants.
To avail Industrial Training, a student has to submit Form 104 with ICAI and on satisfactory completion of the Training,member under whom the industrial training is received shall issue a certificate in Form No.105 in respect of the training undergone.
The period of industrial training may range between nine months and twelve months during the last year of the prescribed period of practical training. The minimum time duration for Industrial Training is 9 months and the mximum being 12 months.
An articled assistant who has passed the IPCC/ PCC or Intermediate examination by whatever name under ICAI, can serve as an industrial trainee for the period specified in any of the financial, commercial, industrial undertakings with minimum fixed assets or minimum total turnover or minimum paid-up share capital as may be specified by the Council.
An Associate who has been a member for a continuous period of at least three years shall be entitled to train one industrial trainee at a time and a fellow shall be entitled to train two industrial trainees at a time, whether such trainees be Articled Assistants or Audit Assistants.
To avail Industrial Training, a student has to submit Form 104 with ICAI and on satisfactory completion of the Training,member under whom the industrial training is received shall issue a certificate in Form No.105 in respect of the training undergone.
04 January 2014
Agreed with aryan and you can do it in last year of your articleship ranging bet 9-12 months and would get leave max 1/6 th of actual days served or 180 days which ever is less.
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