The Institute of Chartered Accountants of India (ICAI) has announced the provisional registration for the Chartered Accountancy (CA) Foundation course after passing the class 10 examinations.
Under the new provision introduced by the ICAI, class 10 students can now apply for the CA Foundation course 2020. Previously, only those students who had cleared their class 12 exams were eligible to apply for this course.
The Institute received approval from the Government for changing the 25E, 25F, and 28F of the Chartered Accountants Regulations, 1988 as per a proposal submitted by the ICAI for amending the regulations for the Chartered Accountants Regulations 1988 with respect to Change in entry Requirement after receiving various requests from stakeholders.
Candidates can apply after completing class 10.
ICAI President CA. Atul Kumar Gupta stated that the institute received the central government approval for amending the regulations of chartered Accountants Regulations, 1988 enabling the candidates provisionally register for the foundation Courses of ICAI after completing the class 10 board exams.
He further added that the provisional registration to the CA foundation courses will however be regularised once the candidates clear the class 12 board exams. The official notice tweeted by the Twitter handle of ICAI also states that there is no change in the registration fees.
Advantages of Provisional Registrations
The basic objective of the proposal was to allow the students to provisionally register for the Foundation courses after completing Class 10 which will help the students to prepare for the Foundation course while pursuing class 11 and 12 giving them ample of time to update their knowledge and acquire the required techniques to appear and qualify the CA foundation exams.
With the new entry requirements, students will be able to provisionally register for the CA Foundation course after completing class 10 giving them ample of time to update their knowledge and acquire the required techniques to appear and qualify the CA foundation exams.
Now, students are required to complete the four-month study period while pursuing classes 11 and 12 and appear for the Foundation exams to be conducted in May/June immediately after appearing for the class 12 exams in February/March.
Free Online Classes
The ICAI offers free online classes for the students of the Foundation course which can be accessed by them any time.
CA Foundation Course Provisional Registration Highlights
- The student has to register with the Institute’s Board of Studies (BoS) on or before the 1st day of January or the 1st day of July for the examination to be held in the months of May/June or November/December respectively.
- 4 months study period is required before appearing in Foundation Examination.
- The 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).
Meanwhile, ICAI CA 2020 Exam for Final, Inter, and foundation course examination has been postponed. The exams would now commence from November 21, 2020, onwards.
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