ICAI revises Eligibility Criteria for Empanelment to Impart Industrial Training:

Know the required eligibility Criteria For Empanelment Of Organisations To Impart Industrial Training Regulation 51.
ICAI Eligibility Criteria For Industrial Training Empanelment

ICAI revises Eligibility Criteria for Empanelment to Impart Industrial Training
Eligibility Criteria
Any financial, commercial or industrial undertaking shall be eligible for empanelment if it fulfils any one of the following:
- Fixed assets of Rs. 10 crore, or
- Total turnover of Rs. 50 crore, or
- Paid-up share capital of Rs. 1 crore and net worth of Rs. 5 crore (to be fulfilled jointly) and
- Minimum two full-time working Chartered Accountants, each being a member of ICAI for a continuous period of at least three years.
- Empanelment shall be valid for five years, after which renewal will be mandatory, subject to the eligibility criteria prevailing at the time of renewal. Organisations that have completed five years of empanelment are required to renew to continue engaging Industrial Trainees.
- Eligible organisations are advised to ensure timely compliance to avoid any disruption in Industrial Training engagement.
- Other conditions will be as per Regulation 51 of the Chartered Accountants Regulation, 1988.
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