Whether Advanced Integrated Course on IT and Soft Skills are Mandatory before Applying for CA Membership as per ICAI New Notification; Check Details

The Institute of Chartered Accountants of India (ICAI) has issued a notification No. 1-CA(7)/198/2021 on 04th March 2022 amending the Chartered Accountants Regulations, 1988, with a few changes.

Text of the Notification is Given Below:

F. No.1-CA(7)/198/2021.—Whereas the draft regulations further to amend the Chartered Accountants Regulations, 1988 were published, as required under sub-section (3) of section 30 of the Chartered Accountants Act, 1949 (38 of 1949), vide Notification No. 1-CA(7)/198/2021 dated the 27th May, 2021 in the Gazette of India, Extraordinary, Part III, Section 4, inviting objections and suggestions from all persons likely to be affected thereby before the expiry of forty-five days from the date on which copies of the Gazette notification containing the draft amendments were made available to the public;

And whereas, copies of the said Gazette notification were made available to the public on the 27th May, 2021;

And whereas, the objections and suggestions received from the public in respect of the said draft regulations have been considered by the Council;

Now, therefore, in exercise of the powers conferred by sub-section (1) of section 30 of the said Act, the Council, with the approval of the Central Government, hereby makes the following regulations further to amend the Chartered Accountants Regulations, 1988, namely:-

1. (i) These regulations may be called the Chartered Accountants (Amendment) Regulations, 2022.

(ii) They shall come into force on the date of their final publication in the Official Gazette.

2. In the Chartered Accountants Regulations, 1988 (hereinafter referred to as the said regulations), in regulation 28G in sub-regulation (1), in proviso, for the words and figure, “sub-regulation (3)”, the words and figure, “sub-regulation (4)” shall be substituted.

3. In the said regulations, in regulation 29D, in the Explanation for the words “for becoming eligible for admission to Final examination”, the words “before applying for membership of the Institute” shall be substituted.

4. In the said regulations, in regulation 159, –

(i) in sub-regulation (1),- for the figure, “150”, the figure “200” shall be substituted;

(ii) in sub-regulation (1A),-for the figure, “100”, the figure “200” shall be substituted.

Note: The principal regulations were published in the Gazette of India, Extraordinary, dated the 1st June, 1988 vide number 1-CA(7)/134/88 dated 1st June, 1988 and last amended vide Notification No. 1-CA(7)/197/2021 published in the Gazette of India, Extraordinary dated 8th July, 2021

To Read Official Notification Download PDF Given Below: