Urgent.. help pz

This query is : Resolved

Guest

Guest (Querist)

12 September 2012 hello sir...
i want 2 ask dat if an article has completed 1 year and 6 months of articleship can he take transfer on secondment basis ?

or is der ny other way to take transfer ?

i came to know that only a student who has registered for IPCC as well as ATC can go for industrial training ? IS it true ? and if he can go for industrial training den for how much maximum period he can go for IT ?

plz help in dis regards ..

thank u ..

Ajay Mishra

Ajay Mishra (Expert)
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16 September 2012 Hi

Industrial training is a training scheme by which a student can undergo practical training within an industrial undertaking having specified amount of fixed assets or turnover or paid-up share capital. Industrial training can be commenced during the last one year of articleship. Industrial training can be performed in financial, commercial, industrial undertakings with minimum fixed assets of Rs.1 crore; or minimum total turnover of Rs. 10 crore; or minimum paid–up share capital of Rs. 50 lakhs; or such other institutions or organization as may be approved by the Council from time to time. The period of industrial training may range between 9 months and one year. The industrial training shall be received under the member of the Institute. An associate who has been a member for a continuous period of at least 3 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. There should be an agreement of industrial training in Form No.104. On satisfactory completion of industrial training by an articled/audit assistant, the associate/fellow member under whom the industrial training is received shall issue a certificate in Form No.105 in respect of the training undergone. It is required to maintain details of work undertaken and training received in the prescribed format.

Guest

Guest (Querist)

17 September 2012 thank u sir..

but who can go for industrial training ?

is there any specific requirement of registration or any thing else ?

plz help.

thank you

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CA Amit Talada

CA Amit Talada (Expert)
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19 September 2012 there is no such provision....any CA Final student who is the last year of articleship can undergo Industrial training,,,,you need to take transfer from existing CA and register yourself under CA in industry......

Guest

Guest (Querist)

25 September 2012 ok.
thank u sir.