TaxTMI 
TaxTMI 
Chartered Accountants (Amendment) Regulations, 2021
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....f section 30 of the Chartered Accountants Act, 1949 (38 of 1949), in the Gazette of India, Extraordinary, Part III, Section 4, dated the 23rd September, 2020, inviting objections and suggestions from persons likely to be affected thereby, before the expiry of forty-five days from the date on which the said Gazette containing the said notification is made available to the public; And Whereas the s....
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....he following regulation shall be substituted, namely:- "51. (1) An articled assistant who has passed the Intermediate (Professional Competence) Examination or Professional Education (Examination-II) or Intermediate examination and has completed a minimum of eighteen months of practical training according to these regulations shall be eligible for industrial training. (2) (a) An articled assist....
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....o eighteen months. (5) The industrial training shall be received under a member of the Institute. An Associate who has been a member for a 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 assistants or audit assistants. Provided that ....
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....ining shall be entered into in the form approved by the Council. (7) On completion of the industrial training, the member shall issue a certificate in the form approved by the Council to the trainee and forward a copy of the same to the Secretary. (8) The period of industrial training referred under this regulation, shall be treated as service under articles for all purposes of these Regulatio....