The Chartered Accountancy course has been designed in such a manner that a Student obtains not only theoretical knowledge but also working knowledge in all aspects related to Chartered Accountancy. To obtain a Chartered Accountant Degree, a student has to mandatorily undergo 3 years of Articleship Training under a Member registered with the Institute.
To increase the exposure a student gets during the Training Period, CA students are allowed to get trained in Companies operating in the Industry. A CA Student can register under a CA working in a Company and continue his Articleship under that CA. This training pursued in a company will form a part of Articleship Training undertaken by the Student.
However, Articleship Training can be undertaken only during the last 1 year of Articleship and the period of Articleship Training shall be a minimum of 9 Months and a maximum of 12 Months.
(Please Note: – Although Transfer during the Articleship Period are allowed only during the 1st year and not in the 2nd and 3rd year, a student is allowed to take transfer in the 3rd year for the purpose of Industrial Training only)
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
A Chartered Accountant who has been a member of the Institute for a continuous period of at least 3 years shall be entitled to train 1 Industrial Trainee at a time and a Chartered Accountant who has been a member of the Institute for a period of more than 5 years shall be entitled to train a maximum of 2 Industrial Trainees at a time.
There should be a agreement between the Industrial Trainee and the Company employing such trainee and such agreement shall be submitted to the Institute in Form No. 104. On successful completion of Industrial Trainee, the Company shall issue a Certificate signed by the Chartered Accountant under whom the Training has been undertaken in Form No. 105 and such Certificate shall also be submitted to the Institute.
The list of Companies registered with ICAI is listed below. If a company is not registered but meets the above eligibility criteria you can get the company registered with ICAI and pursue your training in that company.
NORTHERN REGION
http://www.icai.org/resource_file/14470part1_vip.pdf
http://www.icai.org/resource_file/14471part2-tcs.pdf
EASTERN REGION
http://www.icai.org/post.html?post_id=821
WESTERN REGION
http://www.icai.org/resource_file/14643post_819_wirc.xls
SOUTHERN REGION
http://www.icai.org/post.html?post_id=822
CENTRAL REGION
http://www.icai.org/post.html?post_id=817
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The Team of Chartered Club also helps CA Students in finding Industrial Training Vacancies. You are kindly requested to upload your details here and we’ll get back to you with Ca Industrial Training Vacancies which suit your profile.
{ 27 comments }
pcc student can do industrial training ?
Students in the last year of Articleship are allowed to opt for Industrial Training irrespective of whether you are in PCC/IPCC or Final
Thanks… Your article is very informative and it has filled me with the ocean of knowledge.I think CA Students allowed to undergo Articleship Training in a Company.
Can Students in the last year of Articleship are allowed to opt for Industrial Training irrespective of whether you are in PCC/IPCC or Final ????
Yes, as per rules framed by ICAI ,anyone (whether in PCC/IPCC or Final) can opt for Industrial Training in the last year of articleship.
But Companies prefer to recruit those who have qualified PCC/IPCC
when the ipcc result will come ?
i m a ipcc student, but not pursuing graduation so i hav any difficulty in my future regarding this. guide me
no there is not any problem but u should do ur graduation course to be a grduate
What facilities are available for articleship training for foreign students?
what is the maximum limit of articleship’s students in a ca’s firm?
can anybody explain me what is industrial training?
However where MRAs have been executed including the one with ICAEW , mandatory Articleship are in those by-gone days and is an outdated method or atleast an alternative method.They have a scheme of mentored training with option to training seekers through either approved training providers(employers and practitioners).
ICAi on the contrary inisists a student to place himself or herself with a practitioners which is very restrictive and at times may be a disadvantageous exposure.
Thus for instance if you are a CPA australia and want to become a member of ICAI you are welcome even if you have not done articleship under a practicing CPA-there the ICAI has accepted the package recognition of work experience and for indian students no.
For instance though there is no MRA with ICSI and ICWAI there is no recognition to the experience gained by the members of that institute in employment even if he/she was an CFO of the company, he is supposed to sit under any practitioner(even if his practice is one day old).
I think ICAI as a statutory body cannot have such a restrictive clause and yet be partial for international alliance.
while it is exactly the opposite when a ICAI members pursue icwai or icsi course i really do not understand how icai still demonstrates that articleship is the mode of training for accountants,where the world has recognised it as a mode of training of accountants.
May be we have to look at the pattern of membership to know more about the development of this profession-is it developing family and heredity of areas of practice.
I agree with you R. Veeraraghavan
Although ICAI tends to change the course every few years, it never tries to look into the basic problems in articleship. Although they say that they focus on – on the job learning, but ICAI has never been able to implement this thing properly
i think the icai is not been able to manage the ca firm properly they are exploiting the students by giving dumies
I am working with Mahindra Holidays & resorts india Limited as an Asstt. manager Finance. Is it necessary for me to work as an articled.
@ Sushil
Yes, ICAI does not exempt anyone and everyone has to mandatorily opt for articleship training irrespective of his years of experience
@ Manisha
Thanks
What are the provisions for international industrial training??? As I am from Nepal, I would like to do industrial training in nepal..what are the provisions regarding this. ..please kindly suggest.
Manoj Adkikari
CA Final Article
I have completed 1 year of articleship, am I eligible for pursuing industrial training…
I am pursuing IPCC being converted from PCC.
At the time of coversion, i’d terminated my articleship which i’d done for 6 months. I just want to know that whether i can re-start my articleship now (before passing IPCC)…??
And one more thing,
I have coverted from PCC to IPCC so, now i have to undergo articleship for 3 years or 3.5 years??
i have passed ipcc group1 can i join industrial training?
I Passed M Com with 55% Can I Registered my self for IPCC without Passing CPT ?
What is the procedure for registering the Company eligible for Industrial Training?
right now i completed b.com degree with 63% can i register under ipcc scheme.
i study final year b.com with 73% can i register for Ipcc exam? pls guide me…