ICAI to provide relaxation to old programme students to start 3 years of practical training

NEW DELHI: The Institute of Chartered Accountants of India (ICAI) will provide relaxation to old programme students to start a three-years of practical training. The students who have passed one of the groups of intermediate exam under old scheme, registered and provisionally registered in the intermediate through direct entry route under old scheme and who have converted from intermediate (foundation and CPT route) to intermediate (direct entry scheme) for appearing in November 2023 exam have been provided relaxation.

The council has provided the relaxation in the exercise of the powers conferred under Regulation 205 of the Chartered Accountants Regulations, 1988 and to remove the hardship caused to the students on account of implementation of New Scheme of Education and Training including Conversion (Transition) Scheme.

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Students who have cleared either of the groups of intermediate examination under Old Scheme of Education and Training will be allowed to opt for the three years of practical training latest by September 30 and submit the article registration form within 30 days’ time only and no form would be accepted, thereafter, even with condonation fees.

Intermediate direct entry students who have registered and provisionally registered in the intermediate programme under old scheme, on submission of satisfactory proof of having passed the graduation examination with the minimum marks as provided in sub-regulation (4) of Regulation 28F and on successful completion of ICITSS Course as provided in Regulation 51 (D), will start their three years of practical training latest by September 30 and may submit the Article Registration Form within 30 days’ time only and no form would be accepted, thereafter, even with condonation fees.

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Those students who originally registered for intermediate or its equivalent programme through CPT and foundation route and appeared in the intermediate or its equivalent exam but unable to pass the said exams and later on after graduation shifted to direct entry scheme, be exempt for the eligibility criteria of completion of nine months of practical training for appearing in November 2023 intermediate examinations but have to commence their three years of practical training, if interested, by September 30 and may submit the article registration form within 30 days’ time only and no form would be accepted, thereafter, even with condonation fees, ICAI added.

The relaxations on account of requirement of Regulations 45 and 50 in the new scheme of education and training will be given as a one-time measure only, ICAI said.

Imp. Announcement-The ICAI Central Council has decided to provide relaxation to Old Course Students to commence 3 years of PT in order to remove hardship caused to the students on account of implementation of #NSET2023
Detailshttps://t.co/Wqka1dfSbw#CouncilDecisions #ICAIat75 pic.twitter.com/J0YJvWjdgI

— Institute of Chartered Accountants of India - ICAI (@theicai) August 13, 2023