ICAI offers Relaxation to Old Course Students to commence 3 years of Practical Training:

ICAI offers Relaxation to Old Course Students to commence 3 years of Practical Training The Institute of Chartered Accountants of India (ICAI) has agreed to give old course students some relaxation in commencing their three years of practical training. According to the announcement, the relaxation is offered to alleviate the difficulty caused to students as a result of the implementation of the new education and training programme. Relaxation will be provided to those students (i) who have passed one of the groups of Intermediate Examination under Old Scheme. (ii) who have registered / provisionally registered in Intermediate through Direct Entry Route under Old Scheme. (iii) who have converted from Intermediate (Foundation/CPT Route) to Intermediate (Direct Entry Scheme) for appearing in November 2023 Examination. In exercise of the powers conferred under Regulation 205 of the Chartered Accountants Regulations, 1988 and to remove the hardship caused to the students on account of implementation of New Scheme of Education and Training including Conversion (Transition) Scheme, the Council hereby order that:-

• Students who have passed either of the groups of Intermediate Examinations under the Old Scheme of Education and Training will be able to choose 3 years of Practical Training by September 30th, 2023, and must submit the Article Registration Form within 30 days, even with condonation fees.
• Direct Intermediate Entry Students who have registered / provisionally registered in the Intermediate Course under the Old Scheme, upon submission of satisfactory proof of having passed the graduation examination with the minimum marks as specified in sub-regulation (4) of Regulation 28F and upon successful completion of the ICITSS Course as specified in Regulation 51 (D), may begin their 3 years of Practical Training no later than September 30th, 2023, and may submit the Article Registration Form within 30 days.
• Such students who originally registered for Intermediate or its equivalent Course through CPT/Foundation Route and appeared in Intermediate or its equivalent Examination(s) but unable to pass the said examination(s) and later on after graduation shifted to Direct Entry Scheme, be exempt for the eligibility criteria of completion of 9 months of Practical Training for appearing in November, 2023 Intermediate Examinations but have to commence their 3 years of Practical Training, if interested, by 30th September, 2023 and may submit the Article Registration Form within 30 days’ time only and no form would be accepted, thereafter, even with condonation fees.

Note: Please keep in mind that the Article Registration Forms for the aforementioned students will be accessible in the SSP Portal on August 21, 2023.