The Institute of Chartered Accountants of India (ICAI) has released a notification on October 13, 2020, in which it has allowed the Provisional Registration in Foundation Course after passing Class X Examination.
ICAI has made a statement in the notification which said, “The Competent Authority has conveyed its approval on the ICAI proposal for amending the Regulations 25E, 25F & 28F of Chartered Accountants Regulations, 1988 which now enables candidate to provisionally register in the Foundation Course of the Institute of Chartered Accountants of India (ICAI) after passing Class X examinations.”
The salient features of the notification are mentioned below:-
- Students after passing Class 10th 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 may provisionally register in Foundation Course of ICAI.
- Eligibility Criteria for appearing in Foundation Examination is as under:-
- The student has to register with the Board of Studies of the Institute on or before 1st day of January or 1st day of July for the examination to be held in the months of May/June or November/December respectively. In other words, 4 months study period is required before appearing in Foundation Examination.
- The student 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)
ICAI has also informed the candidates that there is no change made in the Registration Fee. And for Registration, they can visit https://eservices.icai.org/. Also, for further clarification, they can read FAQs at https://www.icai.org/post/faqs-provisional-admission-to-foundation-course.
With Warm Regards,