Empanelment of Organizations to Impart Industrial Training
Revised Eligibility Criteria for Empanelment of Organizations to Impart Industrial Training (Effective from 1 January 2026)
The Council of the Institute of Chartered Accountants of India (ICAI) has revised the eligibility criteria for empanelment of organizations to impart Industrial Training under Regulation 51(2)(b) of the Chartered Accountants Regulations, 1988. These revised norms are effective from 1 January 2026.
1. Eligibility Criteria for Empanelment of Organizations
Any financial, commercial, or industrial undertaking shall be eligible for empanelment to impart Industrial Training, provided it satisfies any one of the following financial criteria:
- Minimum Fixed Assets of ₹10 crore, or
- Minimum Total Turnover of ₹50 crore, or
- Minimum Paid-up Share Capital of ₹1 crore and Net Worth of ₹5 crore (to be fulfilled jointly),
and
- The organization must have a minimum of two full-time working Chartered Accountants, each being a member of ICAI for a continuous period of at least three years.
2. Eligibility of Students for Industrial Training
An articled assistant shall be eligible to undergo Industrial Training if he/she:
- Has passed the Intermediate / Professional Competence Examination / Professional Education (Examination-II), and
- Has completed a minimum of twelve (12) months of practical training under the Chartered Accountants Regulations.
3. Entitlement to Train Industrial Trainees
- Associate Member (ACA):
An Associate who has been a member for a continuous period of at least three years may train one industrial trainee at a time. - Fellow Member (FCA):
A Fellow member may train up to two industrial trainees at a time.
4. Period of Industrial Training
- Industrial Training shall be undertaken under a member of ICAI.
- The articled assistant must intimate his/her Principal at least three months in advance before the commencement of Industrial Training.
- The duration of Industrial Training shall be not less than 9 months and not more than 12 months.
5. Validity and Renewal of Empanelment
- Empanelment of an organization shall be valid for a period of five (5) years.
- Upon completion of five years, renewal is mandatory, subject to fulfillment of the eligibility criteria prevailing at the time of renewal.
- Organizations are advised to apply for renewal in a timely manner to avoid disruption in the engagement of Industrial Trainees.
6. Other Important Provisions
- An Agreement of Training shall be executed in Form 104, as approved by the Council.
- On satisfactory completion of Industrial Training, the member shall issue a Completion Certificate in Form 105 and forward a copy to the Secretary, ICAI.
- The period of Industrial Training shall be treated as service under articles for all regulatory purposes, subject to submission of the prescribed completion certificate.
- An articled assistant may undergo Industrial Training for a period ranging from six to twelve months in a foreign country under a member of an accountancy body recognized by the International Federation of Accountants (IFAC), in the manner prescribed by the Council.
- A member may depute an industrial trainee for a period of up to three months in any foreign country, as decided by the Council.
- Industrial trainees shall be paid a monthly stipend, as mutually agreed, subject to a minimum of ₹15,000 per month.
- In case of violation of the Chartered Accountants Regulations, 1988 (including excess leave during Industrial Training), ICAI reserves the right to discontinue further registrations and de-empanel the organization.
- Articled assistants who were already undergoing Industrial Training on or before the commencement of the Chartered Accountants (Amendment) Regulations, 2023 shall be permitted to continue and complete the remaining period as per the existing agreement.
7. Contact for Queries
For any queries related to Industrial Training, members and students may write to:
📧 sroart@icai.in
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