The Institute of Chartered Accountants of India (ICAI) notified Draft Chartered Accountants (Amendment) Regulations, 2021 which proposes that a candidate who has been admitted to the Final Examination before coming into force of these regulations shall be required to complete the Advanced Integrated Course on Information Technology and Soft Skills under regulation 51E, before applying for membership of the Institute.
The notification seeks to amend the Chartered Accountants Regulations, 1988.
In the Explanation to regulation on 29D of the said regulations, for the words “for becoming eligible for admission to Final examination”, the words “before applying for membership of the Institute” shall be substituted.
Regulation 29D deals with the Admission to Final Examination and its explanation reads as “A candidate who has been admitted to the Final Examination before coming into force of these regulations shall be required to complete the Advanced Integrated Course on Information Technology and Soft Skills under regulation 51E, for becoming eligible for admission to Final Examination.”
However, as per the draft regulation before applying for membership of the Institute the candidate admitted to the Final Examination before coming into force of these regulations shall be required to complete the Advanced Integrated Course on Information Technology and Soft Skills under regulation 51E.
The ICAI invites objection or suggestion in respect of the said draft regulations and directs to forward the same for consideration by the Council of the Institute of Chartered Accountants of India within the period of forty-five days from 27th May, 2021.
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