The Institute of Chartered Accountants of India (ICAI) has notified the amendment to the Chartered Accountants Regulations, 1988 wherein a few changes have been made.
In 2018, the ICAI has decided to grant certain exemptions under new syllabus approved by it under sub-regulation (4) of regulation 28G in respect of Intermediate Examination and under clause (iv) of regulation 31 of the Chartered Accountants Regulations, 1988 in respect of Final Examination for existing students in respect of the group/paper qualified by them under the old scheme.
In Regulation 29D which specifies admission to Final Examination,the Notification provided that “in the Explanation for the words “for becoming eligible for admission to Final examination”, the words “before applying for membership of the Institute” shall be substituted.”
As per the amendment, the Council may, by notification in the Gazette of India, set up a branch of a Regional Council in a city other than the headquarters of the Regional Council provided that not less than 4A[200 members] have their addresses registered in the city or within a distance of 4[50 kilometres] from the city limits.
The Council may also, by notification in the Gazette of India, set up a branch of a Regional Council at such place in a district in which neither the Headquarters of the Regional Council nor a branch of the Regional Council is located, provided there are minimum 200 members having their addresses registered in that district.
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