ICAI Announces Results for Certificate Course on Financial Markets and Securities Laws
The ICAI clarified that the certificate course is not a qualification and advised the members not to mention it along with their name as qualification

The Institute of Chartered Accountants of India (ICAI), through its Committee on Financial Markets and Investor’sProtection, has officially declared the results of the online assessment test for the Certificate Course on Financial Markets and Securities Laws (FMSL). The examination was conducted on June 28, 2025. The Result was published on July 7, 2025.
The total number of participants who qualified the certificate course on FMSL is 33. Participants can access their results on the official ICAI website (www.icai.org) under the section dedicated to the Committee on Financial Markets and Investor’s Protection.
SL no. | Membership No. | Name | Result |
1 | 059248 | CA. Rajesh Kumar Hisaria | Pass |
2 | 059774 | CA. Anjana Sharma | Pass |
3 | 083426 | CA. Rakesh Kumar | Pass |
4 | 121273 | CA. Sheetal Bidhin Baxi | Pass |
5 | 122335 | CA. Darshit Jitendra Bombaywala | Pass |
6 | 129548 | CA. Ruchir Vikrambhai Shah | Pass |
7 | 133394 | CA. Binal Niravkumar Shah | Pass |
8 | 160094 | CA. Lakhan Devchandbhai Bhojani | Pass |
9 | 162679 | CA. Harsh Bharat Dalal | Pass |
10 | 193867 | CA. Sagar Bhalchandra Parsewar | Pass |
11 | 214450 | CA. Renjini N | Pass |
12 | 218609 | CA. Uma Vijayan | Pass |
13 | 231997 | CA. Vinodkhanna A | Pass |
14 | 237281 | CA. Sijeen C | Pass |
15 | 245351 | CA. Dilli Babu L | Pass |
16 | 250362 | CA. Merin Mathew | Pass |
17 | 254032 | CA. Bijaya Kumar Tarai | Pass |
18 | 264174 | CA. Lokesh Kumar R | Pass |
19 | 268135 | CA. Arunasalam K | Pass |
20 | 268694 | CA. Imandi Venkata Ramesh | Pass |
21 | 268963 | CA. Malovath Simhadri Naik | Pass |
22 | 277518 | CA. Rishekeshan T | Pass |
23 | 282845 | CA. Mukund R | Pass |
24 | 411766 | CA. Harsha Ramnani | Pass |
25 | 462796 | CA. Himanshu Kumar Prajapat | Pass |
26 | 507390 | CA. Sachin Agrawal | Pass |
27 | 517151 | CA. Anand Pathania | Pass |
28 | 520500 | CA. Nitin Jain | Pass |
29 | 574758 | CA. Sumaksh Mahajan | Pass |
30 | 577897 | CA. Pallavi Arora | Pass |
31 | 603188 | CA. Vishal Dilipbhai Bhojani | Pass |
32 | 610682 | CA. Shreyanshi Dineshchandra Rakhashiya | Pass |
The ICAI clarified that the certificate course is not a qualification and advised the members not to mention it along with their name as qualification.
The Certificate Course on Financial Markets and Securities Laws is a professional development program offered by the ICAI's Committee on Capital Market and Investors Protection. It aims to enhance member’s understanding of regulatory frameworks and compliance practices in the capital markets, particularly in the context of India's growing financial markets.
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