cafirmshub
Friday 11 September 2015
industrial training for ca students
Eligible Candidate for Industrial Training
An articled clerk who has passed the CA- IPCC or CA Intermediate course (So Only CA Final Students ) are eligible for Industrial Training
Industrial training for CA students means working in industry as part of your article ship at the end of third year
Provided that the articled clerk has intimated to his Principal his intention to take such industrial training at least three months before the date on which such training is to commence..
Period
The period of industrial training may range between 9 to 12 months during the last year of Articleship
Eligible Companies
Financial, commercial, industrial undertakings with minimum fixed assets of Rs. 1 crore; or minimum total turnover of Rs. 10 crores; or minimum paid-up share chapital Rs. 50 lakhs; or such other Institute or organisation as may be approved by the Council from time to time:
From Whom The industrial training shall be received
The industrial training shall be received under a member of the Institute (Chartered Accountant) . An Associate (Chartered Accountant ) who has been a member for 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 clerks or audit clerks.
An agreement of training form
An agreement of training shall be entered into in the form approved by the Council
trainee a certificate
On satisfactory completion of the Industrial training, the member training the industrial trainee, shall forthwith issue to the trainee a certificate in the form** approved by the Council in respect of the training undergone under him and forward a copy thereof to the Secretary.
Treatment of industrial training period
The period of industrial training referred to under this regulation, should be treated as service under articles for all purposes of these regulations, provided the certificate referred to in sub-regulation (5) is provided.
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