§ Students after clearing their class can now provisionally register themselves in CA foundation course of ICAI.
Students will now have the facility to seek provisional admission to the foundation course of the Institute of Chartered Accountants of India (ICAI) after clearing their class 10 exams. This was announced by the Director of Studies at ICAI. But still, provisional admission to the inspiration course will only be regularized once a candidate clears his or her class 12 exams.
The new rule will now enable students to become a Chartered Accountant (CA) six months before the current time.
"The Competent Authority has conveyed its approval on the ICAI proposal for amending the Regulations 25E, 25F & 28F of Chartered Accountants Regulations, 1988 which now enables the candidate to provisionally register in the Foundation Course of the Institute of Chartered Accountants of India (ICAI) after passing Class X examinations," ICAI said.
The main idea behind the proposal was to allow students to provisionally register in the foundation course after clearing class 10 exams, Atul Kumar Gupta, President at ICAI, told PTI.
"This will help students to prepare for the foundation course while pursuing class 11 and 12 and thus students would have ample time to update their knowledge and acquire requisite techniques to appear and pass the CA foundation with flying colours. The ICAI also offers free online classes to students of the foundation which can be accessed anytime, anywhere," Gupta added.
Detailing the benefits of the latest entry requirements, Gupta said "Students can provisionally register themselves for the CA Foundation course after passing class 10 examination hence providing them with more time for developing, understanding and preparing for the professional course."
"Students will be able to complete four months’ study period while pursuing class 11 and 12 and appear in foundation examination in the month of May or June immediately after appearing in-class 12 examinations. With the new norms, students will be able to complete CA course and become Chartered Accountant, six months in advance, due to early admission," he said.
Eligibility Criteria for appearing in Foundation Examination
(a) Student has got to register with the Board of Studies of the Institute on or before 1st day of January or 1st day of July for the examination to be held within the months of May/June or November/December respectively. In other words, 4 months’ study period is required before appearing in Foundation Examination.
b) Student should have appeared within the Senior Secondary (10+2) Examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government (or the State Government) as equivalent thereto (for the aim of admission to graduation course) (With PTI Inputs)