The Institute of Chartered Accountants of India (ICAI) says it has received approval from the government for amending the entry requirement for the Chartered Accountancy (CA) courses. Hence, under the new requirement, class 10 students would be eligible to apply for the foundation courses of ICAI.

Though registration is allowed after class 12, admission will be regularised only if the student clears class 12. Until now, students who clear class 12 were eligible to apply for the course.

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 a candidate to provisionally register in the Foundation Course of ICAI after passing class 10 examinations. However, provisional admission to Foundation course will only be regularised once the candidate clears class 12 exams.”

The early entry will allow students to complete the CA course and become a Chartered Accountant, six months in advance because of the early admission, states ICAI. Students who provisionally register in the course after clearing class 10 exam will have more time during class 11 and 12 to acquire requisite techniques to appear for CA foundation exams. Only those students who appeared in the class 12 exam in February or March will be allowed to appear for the foundation exam held in May/June, as per the official statement by ICAI.

Source: The Indian Express

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