The institute of Chartered Accountants in India (ICAI), yesterday announced exemptions from appearing in the CA exams under the New Scheme of Education and Training implemented from 1st July 2017.
The Examinations at various levels under the New Scheme of Education and Training will be held with effect from May 2018 examination onwards. The Institute said that the examinations under the existing scheme of education at various levels of the course will continue to be held as per the schedule already announced.
A recent announcement made by the Institute said that “The Council of the Institute 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.”
As per the announcement, the Council decided to continue the exemption in a paper or papers to a candidate, granted earlier in the Intermediate (Integrated Professional Competence) Examination under the syllabus approved by the Council under sub-regulation (3) of regulation 28E for the unexpired chance or chances of that exemption in the corresponding paper or papers, in which he has secured exemption if the corresponding paper(s) exist(s) in the new syllabus approved by the Council under sub-regulation (4) of regulation 28G.
Further, the Council decided to grant the exemption to students who have passed one of the groups of Integrated Professional Competence Examination or the Intermediate (Integrated Professional Competence) Examination but not both the groups of the said examinations. They are required to appear in the remaining group of the Intermediate Examination.
Also, students who have passed one of the groups under the syllabus as prescribed shall be treated as having passed in that particular group and are required to appear in the remaining group of Final (New) examination under Regulation 31(iv) in order to pass the CA Final Examination to be held w.e.f May 2018 onwards.
The full details of the announcement is attached below.
To Read the full text of the Order CLICK HERE