ICAI CA Articleship Training - A Complete Guide

CA Articleship training is the Third Stage of the CA Course. The Student must undergo the CA Articleship training after passing any one group of the CA Intermediate. Further, the candidate who undergoes the Articleship training is known as Article, and the under the one they practice that is Known as Principal.

Furthermore, in this Article, we will discuss the CA Articleship training, duration, eligibility, registration, and best firms for CA Articleship.

What is Articleship Training in CA?

After registering for the CA Course, most students think about what will happen in CA Articleship training. The Articleship training is practical training for the CA aspirants where they can deal with practical and Real situations. However, during the Articleship training, the Student worked under the guidance of the CA. Further, the duration of this training is three years.

Importance of Articleship in CA

The CA curriculum includes a requirement for CA Articleship. As was already explained, you cannot take the CA final test without finishing this course. The following details highlight the significance of CA Articleship training:

With three years of work experience, the Articleship prepares candidates to become professional CAs.
Businesses that provide CA Articleships are very active. As a result, candidates acquire effective time management skills.
The professional development of a person is aided by this three-year program. Students can get better at managing a team, handling risks, and multitasking.

What Happens During the Articleship?

The candidate or the Article performs different tasks during the training like:

Auditing
ROC Compliance
Filing Tax Returns
Preparing Financial Accounts
Taxation

However, based on the performance, the articles are also given assignments in the second and third years. Moreover, the work of the Article depends upon the organization they are working for and in.

Eligibility Criteria for CA Articleship

The students should fulfill the below eligibility criteria to apply for practical training. However, there is a variation in the eligibility requirements of CA Foundation Route students and CA Direct entry Route students. Have a look at the criteria for both:

For Foundation Route:

The students must have cleared one or both groups of CA Intermediate.
The Students must have completed the four weeks of IT and OTT Training.

For Direct Entry Route:

The Commerce students must have secured a minimum of 55% in graduation, and Science students must have secured more than 60% marks.
Further, the completion of ITT and OT Training is a must.

How to Register for the Practical Training?

Several crucial CA articleship forms are required during the registration process. You can complete the registration forms for the CA articleship by following the instructions below.

Download forms 102 and 103 by going to the ICAI website. For a fee of INR 50, you can download these forms. You still have to pay the same sum if you obtain the forms from the regional office.
Complete the registration form (Deed of Articles). The deed must be signed and dated on a unique adhesive stamp along with the necessary sum. Remember that the Principal and the Article must both sign the deed. Additionally, send form 102 to the Principal.
Fill out registration form 103 after that. The statement of particulars is what needs to be appropriately completed and signed. To apply for articleship assistance, you must submit this form to ICAI. You must provide a few critical supporting documents and pay the necessary amount via demand draught to complete form 103. The required paperwork is listed below:

The passing grades are shown on the IPCC or Intermediate Marksheet.
ITT and Orientation Program certifications
As well as an attestation of the 12th-grade transcript

These documents require the Principal’s proper attestation. Verify that you have completed form 103 on three separate copies. Students must send the original form to ICAI and one copy each for the Principal and the article assistant. The ICAI must receive Form 103 30 days before the commencement of the articleship.

CA Articleship Registration Fees

The candidates applying for CA Articleship registration must pay the fee by a Demand Draft and Form 103. The fee for practical training is Rs. 2000.

Top 10 CA Firms in India

An article may work for a CA firm under the direction of a Principal or a practicing CA. Here, the students gain an understanding of the duties and daily tasks of a CA. Below are a few of the best Indian CA firms for Articleships: