There is good news for CA students. In the last 10-15 years, the inclination of students towards corporate companies for articleship has increased. In view of this, ICAI has changed the 15-year-old rules and upgraded them. Students will now do articleship in companies with turnover ranging from 10 to 50 crores.
Earlier, a company with a turnover of at least 1 crore was eligible for training. Its objective is to train as many students as possible in new and different types of corporate companies as per their wish. This will give students more exposure to corporate companies. They will be familiar with the work culture there. This rule will be implemented from January 1, 2026.
Earlier rules; Earlier, only companies with a turnover of Rs 1 crore were considered eligible for articleship.
At that time, the amount of paid-up capital was fixed at Rs 50 lakh and there was no criterion for net worth. What’s new now; Now ICAI has changed the rules and increased the amount of paid-up capital to Rs 1 crore. Along with this, the net worth of the company must be at least Rs 5 crore. There should be at least two chartered accountants in the organization who have more than three years of experience. Apart from this, the student doing articleship will also get a stipend of at least Rs 15 thousand.
CA Dr. Rohit Ruwatia Aggarwal, Chairman of BOS (O) of ICAI, said that currently there is a provision for CA students to do two years of articleship under a practicing CA. Out of this, CA students can get corporate exposure by doing a maximum of one year of industrial training.