ICAI directs Students who have passed CA Final Examination to immediately apply for CA Membership

ICAI - CA Final Examination - Chartered Accountant - CA Membership - Taxscan

The Institute of Chartered Accountants of India ( ICAI ) has directed the Students who have passed CA Final Examination to immediately apply for CA Membership.

In an official announcement by ICAI said that, Students who have passed CA Final Examination and eligible to become Chartered Accountants can take the benefit of applying for Membership immediately and opt for Membership to be effective from 1st April, 2021. If opted, the fee paid by them till 31st March, 2021 would be treated for the year 2021-22.

The ICAI also said that, avail of this opportunity to prefix the two-letter word “CA” and be the Member of CA fraternity on First day of New Financial Year.

The CA student is eligible to apply to ICAI for allotment of CA Membership Number if the student has cleared both the groups of CA Final and completed the Articleship period and GMCS Trainings.

How to apply for CA Membership Number?

A qualified CA is required to make an application for the CA Membership to the Institute of Chartered Accountants of India after clearing both groups of CA final exams and completing articleship and GMCS training. The application is made in Form no. 2.

Along with Form 2 documents are required to be attached while applying for an ICAI member card namely Mark-sheets of CA Final Exams, Article-ship Training Completion Certificate, Certification of Participation in GMCS, and Higher Secondary School Certificate as proof of date of birth (If not submitted earlier).

Disqualifications for applying for CA membership number

At the time of making an application in Form 2 for allotment of CA Membership No., a person should not have any of the various disabilities.

Firstly, the person must not have attained the age of 21 years.

Secondly, the candidate must not be Unsound Mind and stand so adjudged by a Competent Court.

Thirdly, the candidate must not be Undischarged Insolvent

Fourthly, being discharged insolvent, has obtained from the court a certificate that his insolvency was caused by misfortune without any misconduct on his part.

Fifthly, convicted by a Competent Court, of an offence involving moral turpitude committed by him in his professional capacity unless pardoned or the Central Government has removed the disability.

Points to remember while making an application for the ICAI membership number

The name in the application form should be the same as mentioned in the Degree Certificate/ higher Secondary School Certification. In case of change of name, the applicant must complete all formalities by submitting the documentary evidence such as marriage invitation card or Gazetted Notification etc.

In case the applicant has changed his signature, he is required to submit his new signature attested by a Chartered Accountant or a Gazetted Officer.

A Candidate shall be enrolled as a member of the institute from the date on which Form 2 completed in all aspects along with the prescribed fee and compliance of other documents is fulfilled.

The script of membership/ certificate of practice will be issued to the newly enrolled member within a period of 3 months from the date of issue of enrolment letter and sent by Post.

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