Special Examination for Members of Foreign Accounting Bodies with whom the ICAI had entered into MoU: ICAI issues guidance

Special Examination - Members of Foreign Accounting Bodies - ICAI - MoU - taxscan

The Institute of Chartered Accountants of India (ICAI) issued guidance for the candidates who will appear for the Special Examination for Members of Foreign Accounting Bodies with whom the ICAI had entered into Mutual Recognition Agreement (MRA) / Memorandum of Understanding (MoU).

“Candidates are advised to carefully read, understand and follow the instructions while filling in the Form and retain a copy of the same for future reference. Candidates are also requested to go through the Announcement relating to Special Examinations for candidates under Mutual Recognition Agreement (MRAs) / Memorandum of Understanding (MoU) with Foreign Accounting bodies,” the ICAI said.

The examination will be held on 26th, 27th, 28th, 29th & 30th June, 2021 and the timings for the examination will be from 2.00 P.M. to 5.00 P.M. (IST) with reading time (for question paper) of 15 Minutes.

The ICAI announced that the Candidates are required to fill in the relevant columns in the Admit Card and submit the same to the Examinations Department along with the examination form.

The examination centre will be Noida (Uttar Pradesh) (India).

The Examination Fees paid by a Candidate shall not be refunded / adjusted under any circumstances. Candidate who are applying for the second time and onward are required to remit the Examination Fees again.

The ICAI while notifying the last date for receipt of application at the Institute’s Headquarters at New Delhi i.e. 20th March, 2021 said that application received after 20th March, 2021 will not be entertained under any circumstances. Therefore, candidates sending their application by post must send the same at least 3-4 days in advance of the last date and avoid sending it on the last date for receipt of application forms.

The application form be sent by Speed Post / Registered Post only in the special envelope attached to the Examination Form to the Additional Secretary (Exams.), The Institute of Chartered Accountants of India, “ICAI Bhawan”, Indraprastha Marg, New Delhi.

Firstly, candidates are advised to retain the receipt issued by Post Office till the receipt of Admit Card.

Secondly, candidates are advised not to send the application through private courier.

Thirdly, candidates should not submit/send the application form to regional/branch offices of the Institute.

No candidate shall be admitted to the Special Examination for Members of Foreign Accounting Bodies with whom the ICAI has entered into MRA / MOU unless he/she has been registered with the ICAI and has been issued the registration letter.

It has been instructed that the Candidates should surrender their answer booklet before they leave the examination hall.

 The Superintendents of Examination Centre is being advised to issue receipt for the answer books handed over through the Invigilator in the Admit Card.

 Candidates are, therefore, advised to secure the signature of the Invigilator concerned while submitting their answer book and retain the Admit Card with themselves as record of receipt, at least till the declaration of result.

“A candidate for the Special Examination for Members of Foreign Accounting Bodies with whom the ICAI had entered into MRA / MoU shall be declared ordinarily to have passed the examination if he/she obtains at one sitting a minimum of 40% marks in individual paper and a minimum of 50% marks in aggregate of all papers required to appear and pass in order to qualify the Special Examination,” the ICAI guided.

Statement of Marks will be issued to all the candidates in Special Examination for Members of Foreign Accounting Bodies with whom the ICAI had entered into MRA / MoU normally in two weeks from the date of declaration of result, while pass certificate to the candidates declared passed will be issued subsequently.

It is noteworthy that  Application should be complete in all respects; otherwise it is liable to be rejected.  In the event of furnishing any incorrect information / misrepresentation, the admission shall become invalid. No correspondence in this regard shall be entertained.

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