Good News For CA Aspirants! Now, Become CA 6 Months Before The Usual Timeline With New ICAI Rule

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 examination.

(Representative Image : PTI)

In a major move that will reduce the time taken to become a Chartered Accountant, Institute of Chartered Accountants of India (ICAI) has allowed students to seek provisional admission to foundation course after class 10 exams. This is a big step taken by the director of Board of Studies at ICAI, but provisional admission to the foundation course will only be regularised after the candidate passes class 12 exams. What is the ICAI announcement? As per the new norms, students will be able to become a Chartered Accountant (CA) six months before the present timeline. The Competent Authority has approved the ICAI proposal for amending the Regulations 25E, 25F & 28F of Chartered Accountants Regulations, 1988 which now enables candidate to provisionally register in the Foundation Course of the Institute of Chartered Accountants of India (ICAI) after passing Class X examinations. This move will help students to prepare for the foundation course while pursuing class 11 and 12.  Students would get ample time to acquire knowledge and requisite techniques to appear and pass CA foundation with flying colours. The ICAI also offers free online classes to students of the foundation which can be accessed anytime, anywhere. What can students now opt for? Students can provisionally register themselves for the CA Foundation course after passing class 10 examination, and get 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 examination. With the new norms, students will be able complete CA course and become Chartered Accountant, six months in advance, due to early admission. Check eligibility criteria for appearing in Foundation Examination (a) Student has 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 in 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 in the Senior Secondary (10+2) Examination conducted by an examining body constituted by law in India or an examination recognised by the Central Government (or the State Government) as equivalent thereto (for the purpose of admission to graduation course) (With inputs from PTI)