ICAI allows provisional registration in CA Foundation for Class 10 students; check details
Team Careers360 | October 19, 2020 | 06:58 PM IST
NEW DELHI: Institute of Chartered Accountants of India (ICAI) has allowed the provisional registration for Class 10 students in CA Foundation exams. The Institute got the approval of the Government of India for changing the 25E, 25F & 28F of Chartered Accountants Regulations, 1988
ICAI had submitted a proposal for amending the relevant regulations of the Chartered Accountants Regulations, 1988 w.r.t. “Change in Entry Requirement” after receiving various requests from the stakeholders.
CA. Atul Kumar Gupta, President, ICAI said “The Institute has recently got the approval of Government of India 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 ICAI after passing Class 10 examinations. However, provisional admission to Foundation course will only be regularized once the candidate clears Class 12 exams.”
President, ICAI further added “The basic objective behind the proposal was to allow students to provisionally register in Foundation Course after passing the Class X examination. This will help the students to prepare for the Foundation course while pursuing Class XI & XII and thus students would have ample time to update their knowledge & acquire requisite techniques to appear & pass CA Foundation with flying colors.ICAI also offers free online classes to students of Foundation which can be accessed anytime, anywhere.”
After appearing in the Class 12 exam in February/March, the students would then be eligible to appear in Foundation Examination to be held in May/June.
Advantages with New Entry Requirement:
- Students can Provisionally Register themselves for CA Foundation Course after passing the Class X examination hence providing them with more time for developing, understanding and preparing for the professional course.
- Complete four months study period while pursuing Class XI & XII
- Appear in Foundation Examination in the month of May/June immediately after appearing in Class XII examination.
- Complete CA course and become Chartered Accountant, 6 months in advance, due to early admission.
A comparison between earlier and revised entry requirement and Eligibility Criteria for appearing in Foundation Examination is as under:-
|
Particulars |
Under Earlier Scheme |
After Amendments in Regulations |
|
Provisional Registration in Foundation Course |
Students had to register with the Board of Studies (BoS) after appearing in the Class 12 exam. |
Students can register with the Board of Studies (BoS) after passing Class 10 |
|
CA Foundation Eligibility Criteria |
4 months study period was required to be undergone before appearing in the Foundation Examination.
Students should have passed the Senior Secondary (10+2) Exam 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
|
4 months study period is required to be undergone before appearing in the Foundation Exam
Students 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)
|
|
1 st Attempt for appearing in Foundation Exams |
In November/December, after passing 12 th Exam |
In May/June after appearing in 12 th exam. |
For further details, students can visit Institute’s BOS Knowledge Portal for announcements in this regard.
For Registration in Foundation Course, Click Here
For more details, refer FAQs- Check Here
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