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Industrial Training

CA Zeal Karwa (Manager- Project Finance) (160 Points)

02 November 2010

Please tell me what are the benefits of Industrial Training??

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3 Replies

swapnil (CA Final) (598 Points)
Replied 02 November 2010

i personally advice 2 u don't go 2 Industrial Training,

because my friends worst experiance,

u should continus u r article.

thanks 4 sharing with us, and best of luck,

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Shiva Rudraksh (Student) (97 Points)
Replied 03 November 2010

Well not always.............. In some places u gain good knowledge....... U'll get to know the feel of being in an Industry............ Will help u a lot in future............. All the best..................

Ajay Mishra (Company Secretary) (74337 Points)
Replied 03 November 2010

Industrial Training

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.