CA Students gets relaxation in CA Articleship, Old Course CA Students got relaxation in Articleship, ICAI's Relaxation in articleship, What is CA Articleship Relaxation news?
Regarding the Relaxation for Old Course Students to Begin 3 Years of Practical Training:
(i) For individuals who have successfully passed at least one of the groups in the Intermediate Examination under the Old Scheme:
(ii) For those who have either registered or provisionally registered for the Intermediate course through the Direct Entry Route under the Old Scheme:
(iii) Students who initially enrolled for the Intermediate or equivalent course via the CPT/Foundation Route and participated in the Intermediate or equivalent Examination(s), yet were unable to meet the passing criteria. Subsequently, after completing their graduation, they transitioned to the Direct Entry Scheme to appear in the November 2023 Examinations:
Under the authority granted by Regulation 205 of the Chartered Accountants Regulations, 1988, and with the intention of alleviating the challenges faced by students due to the introduction of the New Scheme of Education and Training, including the Conversion (Transition) Scheme, the Council hereby decrees:
Students who have triumphed over either of the Intermediate Examination groups within the framework of the Old Scheme of Education and Training will now have the option to embark on 3 years of Practical Training, valid until the 30th of September 2023. They must promptly complete and submit the Article Registration Form within a 30-day window. Submissions beyond this timeframe, even with the payment of condonation fees, shall not be accepted.
Intermediate Direct Entry Students who have successfully registered or provisionally registered for the Intermediate Course within the Old Scheme may initiate their 3 years of Practical Training by the latest date of 30th September 2023. This depends on providing valid proof that you have successfully passed your graduation exam with the required minimum marks, as stated in subsection (4) of Regulation 28F.. Furthermore, successful completion of the ICITSS Course, as outlined in Regulation 51 (D), is required. Similar to the above, the Article Registration Form should be submitted within 30 days, beyond which submissions, even with condonation fees, will not be entertained.
Students initially enrolled for the Intermediate or equivalent Course via the CPT/Foundation Route, who participated in Intermediate or equivalent Examination(s) but were unable to achieve the passing standard, and subsequently transitioned to the Direct Entry Scheme upon graduation:
This exemption from the eligibility criteria, as per Regulations 45 & 50 within the framework of the New Scheme of Education and Training, is provided exclusively as a one-time concession.
This directive aims to facilitate a smoother transition for students and recognizes their unique circumstances within the evolving educational framework.
Frequently Asked Questions
Who is eligible to begin the 3 years of Practical Training under the Old Scheme of Education and Training?
Individuals who have cleared at least one of the groups in the Intermediate Examination under the Old Scheme are eligible to opt for the 3 years of Practical Training.
What is the deadline for initiating the Practical Training for eligible students?
The latest date to start the 3 years of Practical Training is September 30, 2023.
Can you provide more details about the Article Registration Form?
Certainly, eligible students must complete and submit the Article Registration Form within a 30-day window. After this period, even with the payment of condonation fees, submissions will not be accepted.
What are the requirements for Intermediate Direct Entry Students to commence their Practical Training?
Intermediate Direct Entry Students must have registered or provisionally registered for the Intermediate Course within the Old Scheme. They should also furnish satisfactory proof of passing the graduation examination with the minimum marks, as outlined in subsection (4) of Regulation 28F. Successful completion of the ICITSS Course, as described in Regulation 51 (D), is also a prerequisite.
Is there a relaxation for students who initially registered through the CPT/Foundation Route but couldn't pass the Intermediate Examination(s)?
Yes, students who initially registered through the CPT/Foundation Route, attempted the Intermediate or equivalent Examination(s), and later shifted to the Direct Entry Scheme after graduating are exempt from the 9-month Practical Training requirement for appearing in the November 2023 Intermediate Examinations. However, they still have the option to begin their 3 years of Practical Training by September 30, 2023.
Is the mentioned relaxation a one-time measure?
Yes, the relaxations outlined in relation to the requirements of Regulations 45 & 50 in the New Scheme of Education and Training are being provided as a one-time concession.