The Institute of Chartered Accountants of India (ICAI) has proposed changes in the registration for the CA foundation course.
As per the draft regulations, the candidate shall be registered for the Foundation Course unless he has passed the Class 10th Examination conducted by an examining body constituted by law in India or outside India an examination recognised by the Central Government or the State Government as equivalent thereto.
“Notwithstanding anything contained in sub-regulation (1), a candidate who was already registered for Common Proficiency Course or Foundation Course under these regulations shall be eligible for conversion to Foundation Course under this regulation subject to such conditions as may be specified by the Council,” it said.
The registration for Foundation Course shall be valid only for a period of four years from the date of registration/conversion.
A candidate shall pay such fee, as may be fixed by the Council from time to time, which shall not exceed twenty-five thousand rupees, along with an application in the form approved by the Council for registration to the Foundation Course. Provided a candidate who is residing outside India shall pay such fees as may be fixed by the Council from time to time.
With regard to the admission to the Foundation Examination, Fee, and Syllabus the Institute proposed the following changes, (1) No candidate shall be admitted to the Foundation Examination unless he – (a) is registered with the Board of Studies of the Institute for a minimum period of four months on or before the 1st day of the month in which the examination is held and has complied with such other requirements as may be decided by the Council from time to time; and (b) has appeared in the Senior Secondary (10+2) examination conducted by an examining body constituted by law in India or outside India an examination recognized by the Central Government or the State Government as equivalent thereto for the purpose of admission to graduation course. (2) A candidate for the Foundation examination shall pay such fees, as may be fixed by the Council, which shall in any case not exceed ten thousand rupees. Provided a candidate who is residing outside India shall pay such fees as may be fixed by the Council from time to time.
A candidate for the Foundation examination shall be examined in the syllabus approved by the Council from time to time, it said.
As per the Regulations, the Council may, after the commencement of registration for the Intermediate Course under regulation 28H, discontinue registration for the Intermediate Course under this regulation by notice on the website of the Institute.
The draft regulations further stated that the Council may, after the commencement of Intermediate Examination under regulation 28I, discontinue holding the Intermediate Examination under this regulation and the candidates shall be required to pass the Intermediate Examination as per the syllabus approved by the Council from time to time as per regulation 28I.
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