Regulation, 1988

Text

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THE CHARTERED ACCOUNTANTS

REGULATIONS, 1988

(updated as on 1st October, 2020)

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

(Set up by an Act of Parliament) New Delhi (i)

CHAPTER I

PRELIMINARY

Regulation No Page No.

1. Short title and commencement 1

2. Interpretation 1

CHAPTER II

MEMBERS

3. Register 5 3A. List of Members 5

4. Qualification of members 5

5. Application for membership 6

6. Fees 8

7. Refund of fee 9

8. Certificate of membership 9

9. Certificate of practice 9

10. Cancellation of a certificate of practice 10

11. Restoration of certificate of practice 11

12. Complaints and enquiries relating to misconduct of 12 members

13. Information relating to misconduct of members 14

14. Time limit on entertaining complaint or information 15

15. Procedure in enquiry before the Disciplinary Committee 15

16. Report of the Disciplinary Committee 16

17. Procedure in a hearing before the Council 17 17A. Fee and procedure for investigation of a complaint or 17 information to be followed by the Director (Discipline), Disciplinary Directorate and procedure for inquiry by the Disciplinary Committee

18. Notification of removal 18

19. Restoration to membership 18

20. Notification of restoration 19

CHAPTER III

EXAMINATIONS

21. Omitted 20

22. Conduct of Examinations 20

23. Deleted 20

24. Omitted 21

25. Omitted 21 25A. Omitted 22 25B. Omitted 23 25C. Registration for Common Proficiency Course 24 25D. Admission to Common Proficiency Test, Fee and Syllabus 25 25E. Registration for the Foundation Course 27 (ii) 25F. Admission to the Foundation Examination, Fee and Syllabus 27

26. Omitted 28

27. Omitted 28

28. Omitted 28 28A. Omitted 29 28B. Omitted 29 28C. Omitted 30 28D. Enrolment for Intermediate (Integrated Professional 31 Competence) Course and Fees 28E. Admission to Intermediate (Integrated Professional 33 Competence) Examination, Fees and Syllabus 28F. Registration for Intermediate Course and Fees 35 28G. Admission to the Intermediate Examination, Fees and 37 Syllabus

29. Registration for Final Course an fees 38 29A. Omitted 39 29B. Admission to the Final examination 40 29C. Admission to Final Examination 41 29D. Admission to Final Examination 43

30. Admission fee for the Final Examination 45

31. Syllabus for the Final Examination 45

32. Application for admission to an Examination 46

33. Right to refuse admission to Examination 46

34. Refund of Fees 46

35. Candidates to be provide with admit card 47

36. Omitted 47 36A. Requirement for passing Common Proficiency Test 47 36B. Requirement for Passing the Foundation Examination 48

37. Omitted 48 37A. Omitted 50 37B. Omitted 51 37C. Requirements for passing Intermediate (Integrated 52 Professional Competence) Examination 37D. Requirements for Passing the Intermediate Examination 55

38. Omitted 57 38A. Omitted 57 38B. Requirements for Passing the Final Examination 59 38C. Requirements for Passing the Final Examination 60 38D. Requirements for Passing the Final Examination 62

39. Examination results 64

40. Examination Certificates 66

41. Disciplinary action in connection with examination 67

42. Examiners 68 (iii)

CHAPTER IV

ARTICLED ASSISTANTS AND AUDIT ASSISTANTS

A. ARTICLED ASSISTANTS

43. Engagement of Articled Assistants 77

44. Members not to engage articled assistants under the 82 bye-laws of any of the accountancy institutions or bodies outside India

45. Admission to articleship 82

46. Registration of articled assistants 87

47. Premium from articled assistants 88

48. Stipend to articled assistants 88

49. Register of articled assistants 92

50. Period of practical training for an articled assistant 92

51. Industrial Training 93 51A. Course on General Management and Communication Skills 95 and period thereof.

51B. Course on Information Technology Training 95 51C. Advanced Course on Information Technology Training 96 51D. Integrated Course on Information Technology and 96 Soft Skills 51E Advanced Integrated Course on Information Technology 97 and Soft Skills

52. Recognition of Service with Armed Forces 97

53. Exemption to persons of Indian origin migrating 97 permanently to India 53A. Other professional bodies 99 53B. Membership of professional bodies for partnership 100 53C Enrolment of overseas Citizen of India Professional 101 Accountants

54. Secondment of articled assistants 101 54A. Practical Training under eligible members of 102 Accountancy Institutions or Bodies outside India

55. Change of status of Principal 103

56. Termination or assignment of articles 104

57. Fresh Articles 105

58. Supplementary Articles 107

59. Leave to an Articled Assistant 107

60. Working hours of an Articled Assistant 109

61. Certificate of Service 109

62. Certificate of Service on the death of principal 110

63. Proof of training in the absence of a certificate 110

64. Report to the Council 110

65. Articled assistant not to engage in any other occupation 111

66. Enquiries against articled assistant 111

67. Complaint against the Principal 112 (iv)

68. Engagement of Audit Assistants 114

69. Registration of Audit Assistants 115

70. Register of Audit Assistants 118

71. Period of practical training for an audit assistant 118

72. Industrial Training 119 72A. Course on General Management and Communication 120 Skills and period thereof.

72B. Training Course on Information Technology 121 72C Advanced Course on Information Technology Training 121 72D Integrated Course on Information Technology and 122 Soft Skills 72E Advanced Integrated Course on Information Technology 122 and Soft Skills

73. Recognition of service with Armed Forces 122

74. Leave to an Audit Assistant 123

75. Certificate of Service 124

76. Certificate of Service on the Death of the Employer 125

77. Proof of training in the absence of a certificate 125

78. Audit Assistant not to engage in any other Occupation 125

79. Enquiries against Audit Assistants 125

80. Complaint against the Employer 126

CHAPTER V

STUDENTS' ASSOCIATIONS

81. Constitution of Students' Associations 128

CHAPTER VI

ELECTIONS

82. Omitted 129 to

CHAPTER VII

REGIONAL COUNCILS

127. Regional Councils 144

128. Names of Regional Councils 145

129. Jurisdiction of Regional Councils 145

130. Duties and functions of Regional Councils 145

131. Maintenance of regional register 147

132. Removal of names from regional register 147

133. Constitution of Regional Councils 148

134. Elections to the Regional Councils 148

135. Resignation from Regional Councils 154

136. Acts of Regional Council not to be called in question for 154 want of any vacancy

137. Office-bearers and committees 155

138. Finance and Accounts 158 (v)

139. Employees of the Regional Council 159

140. Property, assets and funds 159

141. Meeting of Regional Council 159

142. Notice of meeting 160

143. Quorum 161

144. Chairman of meeting 161

145. Decision by majority 161

146. Annual general meeting 161

147. Extraordinary general meeting 162

148. Notice of meeting 162

149. Requisitioned extraordinary general meeting 162

150. Resolutions 162

151. Business before the annual general meeting 163

152. Chairman of meeting 163

153. Quorum 163

154. Absence of quorum 163

155. Decision by Majority 164

156. Members not entitled to vote 164

157. Term of Regional Council 164

158. Dissolution of Regional Council 164

159. Branches of Regional Council 165

CHAPTER VIII

MEETINGS AND PROCEEDINGS OF THE COUNCIL

160. Meetings of Council 166

161. Special Meeting of Council 166 161A. Meeting of Council through Teleconferences or 166 video conferences

162. Notice of Council Meeting 166

163. Chairman of meeting 167

164. Quorum at meeting 167

165. Procedure for transaction of business 167

166. Passing of resolution at a meeting 168

167. Adjournment of a meeting 168

168. Record of minutes 168

CHAPTER IX

STANDING AND OTHER COMMITTEES

169. Time and place of meeting 170 169A. Meetings of Standing Committee through Teleconferences 170 or Video Conferences

170. Quorum 170

171. Procedure for transaction of business 170

172. Casting Vote 171

173. Secretary of Standing Committees 171

174. Record of minutes 171 174A. Committees of the Council 171

175. Executive Committee 172 (vi)

176. Examination Committee 173

177. Committees other than Standing Committees 175

178. Sub-Committees of Standing and other Committees 176

CHAPTER X

MISCELLANEOUS

179. Headquarters of the Council 177

180. Custody of common seal 177

181. Affixing common seal 177

182. Method of payment of fees 177

183. Supply of forms 177

184. Issue of duplicate certificates 177

185. Publication of list of members 178

186. Members to supply information 178

187. Professional address 178

188. Proof of service of notice 179

189. Council to be informed when a branch office is opened 179 or closed

190. Register of offices and firms 179 190A. Chartered Accountant in practice not to engage in any other 182 business or occupation

191. Part time employments a Chartered Accountant in practice 182 may accept

192. Restriction on fees 183

193. Particulars of nationality 183

194. Maintenance of accounts 184

195. Nomination of auditors 184

196. Powers and duties of the auditors 185

197. Comparison of actual income and expenditure with 186 budget estimates

198. Provisions of Regulations 196 and 197 apply to 186 Regional Councils etc.

199. Casual vacancy in the office of auditors 186

200. Audit of accounts 187

201. Functions to be performed by the President on the 187 dissolution of the Council

202. Powers and duties of the President and Vice-President 187

203. Powers and duties of the Secretary 188

204. Post-qualifying courses and examinations 190

205. Powers to remove difficulties 191

206. Repeal of the Chartered Accountants Regulations, 1964 191 (vii) SCHEDULE ‘A’ Form No.

1. Register of Members of the Institute of Chartered 192 Accountants of India

2. Form of application for entry in the Register 192

3. Form of application for entry in the Register as Follow 194 of the Institute of Chartered Accountants of India

4. Certificate of Membership 196

5. Certificate of Membership 196

6. Form of application for the issue of Certificate of Practice 196

7. Certificate of Practice 197

8. Form of Complaint 198

9. Form of application for restoring the name in the Register 198

10. Omitted 200 10A. Omitted 200

11. Omitted 200

12. Omitted 201

13. Omitted 202

14. Omitted 204

15. Omitted 205

16. Omitted 206

17. Omitted 207

18. Particulars of Offices and Firms 209

19. Omitted 212

20. Omitted 213

21. Omitted 213 SCHEDULE ‘B’ Scheme for enrolment of Overseas Citizen of India Professional Accountants 215

THE CHARTERED ACCOUNTANTS

REGULATIONS, 1988

CHAPTER I

PRELIMINARY

1. Short title and commencement

(1) These Regulations may be called the Chartered Accountants Regulations, 1988.

(2) They shall come into force from June 1, 1988.

2. Interpretation

(1) In these Regulations, unless the context otherwise requires:-

(i) ―Act‖ means The Chartered Accountants Act, 1949 (XXXVIII of 1949);

(ii) ―annual meeting‖ means the first meeting of the Council held after the 1st day of August of each year;

(iii) ―appropriate form‖ means a Form contained in Schedule `A‘;

(iv) 1―articled assistant‖ means an 1articled assistant as referred to in clause (j) of sub-section (2) of Section 30 of the Act engaged under articles by a member entitled to train 1articled assistants under these Regulations;

(v) 2―audit assistant‖ means an assistant engaged in audit service by a member entitled to train 2audit assistants under these Regulations;

(vi) ―certificate of practice‖ means a certificate granted under Regulation 9;

1&2 Substituted, respectively for the words, ―articled clerk‖ and ―audit clerk‖, wherever they occur in these Regulations, by Notification No. 1-CA(7)/92/2006 published in Part III -

Section 4 of the Gazette of India, Extraordinary dated 13th September, 2006.

(vii) ―date of election‖ means the date and in case of more than one date, the earliest of the dates fixed for polling;

(viii) ―fellow‖ means a fellow member of the Institute;

(a) for the purposes of training under these Regulations which commenced before the first day of October 1973, a graduate of a university constituted by law in India or a graduate of any other university recognised by the Central Government; and

(b) for the purposes of training under these Regulations which commenced on or after the first day of October 1973, a graduate or a post-graduate in subjects other than music, dancing, painting, photography, sculpture and the like, of a university constituted by law in India or a graduate or post- graduate of any other university or institution recognised by the Central Government as equivalent thereto;

(x) ―member‖ means a member of the Institute;

1[(xa) ―Overseas Citizen of India‖ means a person who is registered as Overseas Citizen of India under section 7A of the Citizenship Act, 1955 (57 of 1955)]

(xi) ―President‖ means the President for the time being elected under Section 12 and in his absence the Vice- President for the time being elected under Section 12;

(xii) ―principal‖ means a member entitled to train 2articled assistants; and 3audit assistants under these Regulations;

1 Inserted by Notification No.1-CA(7)/154/2014 published in Part III - Section 4 of the Gazette of India, Extraordinary dated 22nd July, 2014.

2&3 Substituted, respectively for the words, ―articled clerk‖ and ―audit clerk‖, wherever they occur in these Regulations, by Notification No.1-CA(7)/92/2006 published in Part III -

Section 4 of the Gazette of India, Extraordinary dated 13th September, 2006.

(xiii) "Professional address" means:—

(a) an address of the place where a member is carrying on his profession (or where he is carrying on his profession at more than one place, the principal place), or

(b) if a member is employed, the place of employment or at his option the place of his residence;

(c) the place of residence, if the member neither carried on the profession nor is employed.

1[(xiiia) ―rules‖ means the rules made by the Central Government under the Act];

(xiv) ―Schedule‖ means a Schedule annexed to these Regulations;

(xv) ―Secretary‖ means the Secretary 2[or any Additional or Joint or Deputy] or Assistant Secretary appointed by the Council or any person acting as the Secretary under the direction of the Council;

(xvi) ―Section‖ and ―sub-section‖ means a Section and sub- section of the Act;

(xvii) ―Service with armed forces‖ means:—

(a) service of any kind in a unit or formation liable for service overseas or in any operational area;

(b) service in India under defence munitions or stores authorities liable for service overseas or in any operational area;

(c) any other service involving subjection to naval, military or air force law;

1 Inserted by Notification No.1-CA(7)/145/2012 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012.

2 Substituted for the words ―or any Deputy‖ by Notification No. 1-CA(7)/145/2012 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 1st August,

(d) service in any civil defenceorganisation specified in this behalf by the Council;

(e) service connected with the prosecution of the war which a person is required to render by a competent authority under the provision of any law for the time being in force; or

(f) such other service as may hereafter be declared as service with armed forces by the Council.

Explanation — Service includes training for service and means full time service during the period of the Proclamation of Emergency under the Constitution.

1[(xviii) ―specified‖ means specified by the Council in the official website of the Institute.]

(2) All words and expressions used herein and not defined in these regulations but defined in the Act shall have the meanings respectively assigned to them in the Act.

(3) The General Clauses Act, 1897 (X of 1897) shall apply so far as may be to the interpretation of these Regulations as it applies to the interpretation of the Central Acts.

1 Inserted by Notification No. 1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017.

CHAPTER II

MEMBERS

3. Register The Register of members shall be in the appropriate Form*.

1[3A. List of members The list of members of the Institute as on the 1st day of April each year published, under sub-section (3) of section 19, may be sent to any member, on his request and on his making payment at the following rates,-

(i) Western Region – Rupees 500/- per copy

(ii) Southern Region – Rupees 500/- per copy

(iii) Eastern Region – Rupees 300/- per copy

(iv) Central Region – Rupees 400/- per copy

(v) Northern Region – Rupees 500/- per copy

(vi) All India – Rupees 750/- per copy] 2[4. Qualification of members Subject to the provisions of sections 4 and 8 of the Act, a person shall be entitled to have his name entered in the Register if he, - * Form ―1‖ of Schedule 'A'.

1 Inserted by Notification No. 1-CA(7)/116/2008 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 25th September, 2008. 2 Substituted, for the following, by Notification No. 1-CA(7)/92/2006 published in Part III -

Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006: ―4. Qualification of members Subject to the provisions of Sections 4 and 8, a person shall be entitled to have his name entered in the Register if he:

(a) has completed the practical training as provided in these Regulations and passed the Final examination as specified in Schedule 'B'; or A[(aa) has completed the practical training and attended the course as provided in these Regulations and passed the final examination as may be specified by the Council; or]

(b) possesses qualifications recognised by the Council** as equivalent to the practical training and examinations referred to in clause (a) above; or

(c) is eligible under clauses (i), (iii) or (iv) of sub-section (1) of Section 4: Provided that a person shall not be entitled if he, in the opinion of the Council:—

(i) has at any time solicited clients or professional work either directly or indirectly, by circular, advertisement, personal communication or interview; or

(ii) has at any time advertised his professional attainments or services; or

(iii) has done at any time anything which aims at publicity or amounts to canvassing with a view to setting up practice as a chartered accountant.‖ AInserted by Notification No. 1-CA(7)/51/2000 published in the Gazette of India, Extraordinary, dated 17th August, 2001.

(a) has completed the practical training as provided in these regulations and passed the final examination as specified in Schedule `B'; or

(b) has completed the practical training as provided in these regulations, completed such course(s) and passed the final examination as per the syllabus 1[approved] by the Council; or

(c) possesses qualifications recognised by the Council** as equivalent to the practical training and examinations referred to in clause (a) or (b) above.]

5. Application for membership

(1) (a) A person who desires to have his name entered in the Register shall submit to the Secretary an application, in the appropriate Form*, together with documentary evidence about his eligibility for membership and 2[such fee as may be determined by the Council under sub-section (3) of section 4.]

(b) An associate who desires to be admitted as a fellow shall submit to the Secretary an application, in the appropriate Form***, together with documentary evidence, if any required, about his eligibility for admission as a fellow, and 3[such fee as may be determined by the Council under sub-section (3) of section 5]:

4[Provided that an associate on being admitted as a fellow in the course of the year shall pay, for that year, only the differential amount].

(2) The applicant shall furnish such further information as the Council may, from time to time, require.

1 Substituted for the words, ―as may be specified‖ by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, ** Please see Appendix No. (3).

* Form ―2‖ of Schedule `A‘.

2 Substituted for the words, ―the fee prescribed in these regulations‖ by Notification No. 1- CA(7)/116/2008 published in Part III - Section 4 of the Gazette of India, Extraordinary, *** Form ―3‖ of Schedule `A‘.

3 Substituted for the words, ―the prescribed entrance fee‖ by Notification No. 1- CA(7)/116/2008 published in Part III - Section 4 of the Gazette of India, Extraordinary 4 Inserted by Notification No.1-CA(7)/116/2008 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 25thSeptember, 2008.

(3) For the purposes of sub-section (3) of Section 5, an associate shall be deemed to have acquired the experience normally acquired as a result of continuous practice for a period of five years as a chartered accountant, if he:—

(i) being in government service or being employed in an educational institution approved by the Council or being employed in a private or government, industrial, commercial or trading undertaking, is ordinarily holding or has ordinarily held for a continuous period of not less than 5 years, any one or more posts carrying duties relating to accounts, cost accounts, audit, finance, taxation, company law and or secretarial work;

(ii) being employed under a statutory authority, is ordinarily holding or has ordinarily held for a continuous period of not less than five years, any one or more posts carrying duties mentioned in clause (i) above;

(iii) being employed under a local authority, is ordinarily holding or has ordinarily held for a continuous period of not less than five years, any one or more posts carrying duties mentioned in clause (i) above provided the local authority has within its jurisdiction a population of not less than five lakhs of persons during each of the five years of his service;

(iv) has served for a continuous period of not less than five years as a full-time paid assistant under a chartered accountant:

Provided that the Council may, in its discretion, consider any other experience not specifically mentioned in clauses (i), (ii), (iii), or (iv) as equivalent to the experience normally acquired as a result of continuous practice for a period of five years as a chartered accountant. Explanation I — A member shall be deemed to have acquired the experience normally acquired as a result of continuous practice for a period of five years as a chartered accountant:

(a) if he has served continuously for a period of not less than five years in any one or more posts mentioned in clauses (i), (ii), (iii), or (iv) above; or

(b) if he has partly been in practice and partly served in any one or more posts mentioned in clauses (i), (ii), (iii), or

(iv) above, so that the total period of practice and or service shall be continuous and be not less than five years:

Provided that the Council may condone a break in continuity of service or practice of a period not exceeding one year, so however, that the actual period of service or practice shall not be less than the period of 5 years.

Explanation II — For the purpose of clause (i) above, the private or government, industrial, commercial or trading undertaking shall have at all material times (a) a minimum paid-up capital of twenty five lakhs of rupees or (b) a minimum turnover of fifty lakhs of rupees or (c) a minimum paid-up capital of ten lakhs of rupees and a minimum turnover of thirty lakhs of rupees or (d) a minimum total asset of fifty lakhs of rupees.

1[6. Fees (1)(a) The annual membership fee shall become due on the first day of April in each year.

(b) Every member shall pay such annual membership fee as may be determined by the Council under sub-section (4) of section 19.

(2) (a) The annual fee for certificate of practice shall become due on the first day of April in each year.

(b) Every member in practice shall pay such annual certificate of practice fee, as may be determined by the Council under sub- section (2) of section 6.

(3) A member seeking restoration of his membership shallpay, such additional fee, as may be determined by the Council under sub- section (3) of section 20].

1 Substituted, for the following, by Notification No. 1-CA(7)/116/2008 published in Part III - Section 4 of the Gazette of India, Extraordinary dated 25th September, 2008: ―6. Fees

(1) A person applying for the membership of the Institute shall pay an entrance fee of three hundred rupees.

(2) An associate applying for admission as a fellow shall pay an entrance fee of two hundred rupees.

7. Refund of fee A person whose application for admission as a member or as associate or fellow member to the membership of the Institute referred to in Regulation 5 or whose application for a certificate of practice referred in Regulation 9 is not accepted by the Council, shall be entitled to a refund of the fee paid by him.

8. Certificate of membership If the application made under Regulation 5 is accepted by the Council, the applicant's name shall be entered in the Register and a certificate of membership in the appropriate Form* shall be issued.

9. Certificate of practice

(1) A member may apply to the Council for a certificate entitling him to practise as a chartered accountant.

(2) An application for the grant of certificate of practice shall be made in the appropriate Form** and shall be accompanied by the annual certificate fee and the annual membership fee unless the same has already been paid in accordance with Regulation 6.

(3) The certificate issued in the appropriate Form*** shall be valid until it is cancelled under the provisions of these Regulations. (Contd. from previous page)

(3) An associate shall pay an annual membership fee of A[three hundred rupees] which shall be due and payable on the 1st day of April in each year.

(4) A fellow shall pay an annual membership fee of B[nine hundred rupees] which shall be due and payable on the 1st day of April in each year:

Provided that an associate, on being admitted as a fellow in the course of the year, shall pay C[six hundred rupees] only for that year.

(5) A member in practice shall pay an annual certificate fee of D[eight hundred rupees] which shall be due and payable on the 1st day of April in each year.‖ A,B,C&D Substituted for the words ―two hundred twenty five rupees‖, ―seven hundred rupees‖, ―four hundred and seventy five rupees‖ and ―six hundred rupees‖ respectively, effective from 1.4.2000 by Notification No. 1-CA(7)/44/99 published in the Gazette of India dated 26th February, 2000.

Earlier substituted for the words ―one hundred fifty rupees‖, ―four hundred rupees‖, ―two hundred and fifty rupees‖ and ―four hundred rupees‖ respectively, effective from 1.4.1996 by Notification No. 1-CA(7)/30/95 published in the Gazette of India, Extraordinary dated 13th March, 1996; and for the words ―one hundred rupees‖, ―two hundred and seventy five rupees‖, ―one hundred and seventy five rupees‖ and ―two hundred and seventy five rupees‖ respectively, effective from 1.4.1991 by Notification No. 1-CA(7)/11/90 published in the Gazette of India dated 19th January, 1991. * Forms "4" & "5" of Schedule "A'.

** Form ―6‖ of Schedule `A‘.

*** Form ―7‖ of Schedule `A‘.

(4) Notwithstanding anything contained in this regulation, a certificate of practice held by a member on 31stMarch, 1975 shall be deemed to have been issued under this regulation and shall continue to be valid until it is cancelled.

(5) On his ceasing to be in practice, a member shall inform the Council as soon as may be but in any case not later than one month from the day he ceases to practise.

10. Cancellation of a certificate of practice 1[(1) A certificate of practice issued under sub-section (1) of section 6 shall be liable for cancellation, if -

(i) the name of the holder of the certificate is removed from the Register under sub-sections (1) and (2) of section 20; or

(ii) the Council is satisfied, after giving an opportunity of being heard to the person concerned, that such certificate was issued on the basis of incorrect, misleading or false information, or by mistake or inadvertence; or

(iii) a member has ceased to practise; or

(iv) a member has not paid annual fee for certificate of practice till 30th day of September of the relevant year.

(2) The cancellation of a certificate shall be effective:- 1 Substituted, for the following, by Notification No.1-CA(7)/116/2008 published in Part III -

Section 4 of the Gazette of India, Extraordinary, dated 25th September, 2008: ―(1) A certificate of practice shall be cancelled:—

(i) when the name of the holder of the certificate is removed from the Register; or

(ii) when the Council is satisfied, after giving an opportunity of being heard to the person concerned, that such certificate was issued on the basis of incorrect, misleading or false information, or by mistake or inadvertence; or

(iii) when a member has ceased to practise; or

(iv) when a member has not paid annual fee for certificate of practice till the 31st day of July of the relevant year.

(2) The cancellation of a certificate shall be effective:—

(a) in a case falling under clause (i) of sub-regulation (1), from the date on which and during the period for which the name of the holder of the certificate was removed from the Register;

(b) in a case falling under clause (iv) of sub-regulation (1), from the 15th day following the date of issue of notice by the Secretary on or after the 1st day of August; and

(c) in any other case from such date and for such period as the Council may determine.‖

(a) in a case falling under clause (i) of sub-regulation (1), on the date on which and during the period for which the name of the holder of the certificate was removed from the Register;

(b) in a case falling under clause (iv) of sub-regulation (1), from the 15th day following the date of issue of notice by the Secretary on or after the 1st day of October; and

(c) in any other case from such date and for such period, as may be decided by the Council.]

(3) Where a certificate is cancelled, the date from which the certificate shall stand cancelled shall be communicated to the member and shall also be notified in the Gazette of India.

(4) Where a certificate of practice is cancelled, the holder of such certificate shall surrender the certificate to the Secretary within 15 days from the date of receipt of notice of such cancellation or from the date of the notification thereof in the Gazette of India, whichever is later, under sub-regulation (3).

1[11. Restoration of certificate of practice The Council may, on an application made in the approved Form* and on payment of such fee, as may be determined by the Council under sub-section (3) of section 20, restore the certificate of practice with effect from the date on which it was cancelled, to a member whose certificate has been cancelled due to non-payment of the annual fee for the certificate of practice and whose application, complete in all respects, together with the fee, is received by the Secretary before the expiry of the relevant year.] 1 Substituted, for the following, by Notification No. 1-CA(7)/116/2008 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 25th September, 2008: ―11. Restoration of certificate of practice The Council may, on an application made in the ^approved Form and on payment of the fee as prescribed in sub-regulation (5) of Regulation 6, restore the certificate of practice, with effect from the date on which it was cancelled, to a member whose certificate has been cancelled due to the non-payment of the annual fee for the certificate of practice: Provided that the application, complete in all respects, together with the payment, is received by the Secretary before the expiry of the relevant year.‖ ^Form ‗101‘ of Appendix No.(1) * Form ‗101‘ of Appendix No. (1).

12. Complaints and enquiries relating to misconduct of members 1[Applicable to a complaint or information pending before the Council or any inquiry initiated by the Disciplinary Committee or any reference or appeal made to a High Court prior to

(1) Subject to the provisions of this regulation, a complaint against a member under Section 21 shall be investigated and all other enquiries relating to misconduct of such member shall be held by the Disciplinary Committee:

Provided that if the subject matter of a complaint is, in the opinion of the President, substantially the same as or has been covered by any previous complaint or information received, the Secretary shall file the said complaint without any further action and inform the Complainant accordingly.

(2) A complaint under Section 21 shall be in the appropriate Form* duly verified and shall be in triplicate.

(3) Such complaint shall contain the following particulars namely:—

(a) the acts and omission which, if proved, would render the person complained against guilty of professional or other misconduct;

(b) the oral and or documentary evidence relied upon in support of the allegations made in the complaint.

(4) Every complaint, other than a complaint made by or on behalf of the Central or any State Government, shall be accompanied by a deposit of one hundred rupees which will be forfeited if the Council, after considering the complaint, comes to the conclusion that no prima facie case is made out and moreover that the complaint is either a frivolous one or is made with malafide intention.

(5) The Secretary shall return a complaint, which is not in the appropriate Form or which does not contain the aforesaid particulars, to 1 Inserted by Notification No.1-CA(7)/116/2008 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 25th September, 2008. * Form "8" of Schedule 'A' the Complainant for representation after removing the objections thereto and within such time as the Secretary may specify.

(6) Ordinarily within sixty days of the receipt of a complaint under Section 21, the Secretary shall:—

(a) if the complaint is against a member, send a copy thereof to such member at his professional address as entered in the Register;

(b) if the complaint is against a firm, send a copy thereof to the firm at the address of its head office, as entered in the register of offices and firms, with a notice calling upon the firm to disclose the name of the member who is answerable to the charge of misconduct and requiring it to send a copy of the complaint to him.

Explanation - A notice to the firm shall be deemed to be a notice to all the members who are partners or employees of that firm.

(7) A member against whom the complaint is made (hereinafter referred to as the Respondent) may, within fourteen days of the service of a copy of the complaint under sub-regulation (6), or within such time as may be extended by the Secretary, forward to the Secretary in triplicate, a written statement in his defence verified in the same manner as the complaint.

(8) On receipt of the written statement, if any, the Secretary shall send a copy thereof to the Complainant and the Complainant may, within 14 days of the service of a copy of the written statement, or within such time as may be extended by the Secretary, forward to the Secretary, in triplicate, his rejoinder on the written statement, duly verified in the same manner as the complaint.

(9) On receipt of the Complainant's rejoinder, if any, the Secretary shall send a copy thereof to the Respondent and the Respondent may within 14 days of the service of a copy of the rejoinder, or within such time as may be extended by the Secretary, forward to the Secretary, in triplicate, his comments on the rejoinder, duly verified in the same manner as the complaint.

(10) On a perusal of the complaint, the written statement, if any, the Complainant's rejoinder on the written statement, if any, and the Respondent's comments on the Complainant's rejoinder, if any, the President may call for such additional particulars or documents connected therewith either from the complainant or the Respondent as he may consider expedient.

(11) (i) If on a perusal of the complaint, the written statement, if any, the Complainant's rejoinder to the written statement, if any, and the Respondent's comments on the Complainant's rejoinder, if any, and other relevant documents, the Council is prima facie of opinion that the Respondent is guilty of professional and or other misconduct, the Council shall cause an enquiry to be made in the matter by the Disciplinary Committee.

(ii) If, on the other hand, the Council is prima facie of opinion that the Respondent is not guilty of any professional or other misconduct, the complaint shall be filed and the Complainant and the Respondent shall be informed accordingly.

(12) (i) Any notice issued by the Secretary under this regulation shall be sent to the member or the firm, as the case may be, by registered post with acknowledgement due.

(ii) If any such notice is returned unserved with an endorsement to the effect that the addressee had refused to accept the notice, the notice shall be deemed to have been served.

(iii) If the notice is returned with an endorsement to the effect that the addressee cannot be found at the address given, the Secretary shall ask the Complainant to supply to him the correct address of the member or the firm, as the case may be.

(iv) A fresh notice shall be issued to the member or the firm at the correct address.

(13) The provision relating to a notice shall apply ‗mutatis mutandis‘ to a letter.

13. Information relating to misconduct of members 1[Applicable to a complaint or information pending before the Council or any inquiry initiated by the Disciplinary Committee or any reference or appeal made to a High Court prior to 1 Inserted by Notification No.1-CA(7)/116/2008 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 25th September, 2008. The procedure laid down in sub-regulation (1) and sub-regulations

(6) to (13) of Regulation 12 shall, so far as may be, apply to an information received under Section 21.

14. Time limit on entertaining complaint or information 1[Applicable to a complaint or information pending before the Council or any inquiry initiated by the Disciplinary Committee or any reference or appeal made to a High Court prior to Where the Council is satisfied that there would be difficulty in securing proper evidence of the alleged misconduct, or that the member against whom the complaint has been filed, would find it difficult to lead evidence to defend himself on account of the time lag, or that changes have taken place rendering the inquiry procedurally inconvenient or difficult, the Council may refuse to entertain a complaint or information in respect of misconduct made more than 10 years after the same was alleged to have been committed.

15. Procedure in enquiry before the Disciplinary Committee 1[Applicable to a complaint or information pending before the Council or any inquiry initiated by the Disciplinary Committee or any reference or appeal made to a High Court prior to

(1) It shall be the duty of the Secretary to place before the Disciplinary Committee all the facts brought to the knowledge which are relevant for the purpose of the enquiry by the Disciplinary Committee.

(2) If the Respondent pleads guilty, the Disciplinary Committee shall record the plea and submit its report to the Council.

(3) The Respondent shall have a right to defend himself before the Disciplinary Committee either in person or through a legal practitioner or any other member.

(4) Except as otherwise provided in these Regulations, the Disciplinary Committee shall have the power to regulate its procedure in such manner as it considers just and expedient.

(5) Where during the course of an enquiry there occurs a change in the membership of the Disciplinary Committee for any reason 1 Inserted by Notification No.1-CA(7)/116/2008 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 25th September, 2008. whatsoever, any party to the enquiry may demand that the enquiry be held 'de-novo' and when such a demand is made the Disciplinary Committee may for sufficient cause and for reasons to be recorded in writing, order that the enquiry shall be held 'de-novo'.

16. Report of the Disciplinary Committee 1[Applicable to a complaint or information pending before the Council or any inquiry initiated by the Disciplinary Committee or any reference or appeal made to a High Court prior to

(1) The Disciplinary Committee shall submit its report to the Council.

(2) Where the finding of the Disciplinary Committee is that the Respondent is guilty of professional and or other misconduct, a copy of the report of the Disciplinary Committee shall be furnished to the Respondent and he shall be given the opportunity of making a representation in writing to the Council.

(3) The Council shall consider the report of the Disciplinary Committee along with the representation in writing of the Respondent, if any, and if, in its opinion, a further enquiry is necessary, shall cause such further enquiry to be made whereupon a further report shall be submitted by the Disciplinary Committee.

(4) The Council shall, on the consideration of the report and the further report, if any, and the representation in writing of the Respondent, if any, record its findings:

Provided that if the report of the Disciplinary Committee is that the Respondent is not guilty of any professional or other misconduct, the Council shall not record its findings contrary to the report of the Disciplinary Committee.

(5) The finding of the Council shall be communicated to the Complainant and the Respondent.

1 Inserted by Notification No.1-CA(7)/116/2008 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 25th September, 2008.

17. Procedure in a hearing before the Council 1[Applicable to a complaint or information pending before the Council or any inquiry initiated by the Disciplinary Committee or any reference or appeal made to a High Court prior to

(1) If the Council, in view of its findings, is of opinion that there is a case for passing an order under sub-section (4) of Section 21, it shall:-

(a) furnish to the Respondent a copy of its findings; and

(b) give him a notice calling upon him to appear before it on a specified date or if he does not wish to be heard in person, to send within a specified time, such representation in writing as he may wish to make in connection with the order to be passed against him under sub-section (4) of Section 21.

(2) The scope of the hearing or of the representation in writing, as the case may be, shall be restricted to the order to be passed under sub-section (4) of Section 21.

(3) The Council shall, after hearing the Respondent if he appears in person, or after considering the representation, if any, made by him, pass such orders as it may think fit.

(4) The order passed by the Council shall be communicated to the Complainant and the Respondent.

2[17A. Fee and procedure for investigation of a complaint or information to be followed by the Director (Discipline), Disciplinary Directorate and procedure for inquiry by the Disciplinary Committee [Applicable to a complaint or information received on or after 1&2 Inserted by Notification No.1-CA(7)/116/2008 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 25th September, 2008.

(1) Every complaint, other than a complaint filed by or on behalf of the Central Government or any State Government or any statutory authority, shall be accompanied by a fee of Rs.2,500/-.

(2) Each such complaint or information shall be dealt with in accordance with the procedure specified in the Chartered Accountants (Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases) Rules, 2007.]

18. Notification of removal The removal of a member's name from the Register shall be notified in the Gazette of India and shall also be communicated in writing to him.

1[19. Restoration to membership

(1) The Council may, on an application in the appropriate Form*, received in this behalf from a member whose name has been removed from the Register under clause (c) of sub-section (1) of section 20, restore his name, if he is otherwise eligible to such membership, on his paying the arrears of annual membership fee, entrance fee and additional fee determined by the Council under the Act.

(2) The restoration under sub-regulation (1) shall be with effect from the date on which the application and fee are received: Provided that where such an application for restoration, complete in all respects, is received within the same year in which the name was removed, the Council may restore the name on his paying the annual membership fee due for that year, entrance fee and the additional fee for 1 Substituted, for the following, by Notification No.1-CA(7)/116/2008 published in Part III -

Section 4 of the Gazette of India, Extraordinary dated 25th September, 2008: ―19. Restoration to membership The Council may, on an application in the *appropriate Form, received in this behalf from a member whose name has been removed from the Register restore his name, if he is otherwise eligible to such membership, on his paying before such restoration, the balance of the entrance fee, if any, the annual membership fee for the year during which his name is restored, a restoration fee of' A[one hundred rupees] together with the annual membership fee for the year in which his name was removed from the Register:

Provided that where such removal has taken place under clause (c) of sub-section (1) of Section 20 and an application for restoration, complete in all respects, is received by the Secretary within the same year in which the name was removed, the Council may restore the name with effect from the date on which it was removed from the Register :

Provided further that the restoration of a member's name which was removed under the orders of the High Court shall be effected only in accordance with such orders.‖ ASubstituted for the words "fifty rupees" effective from 1.4.2000, by Notification No.1- CA(7)/44/99 published in the Gazette of India dated 26th February, 2000. * Form ―9‖ of Schedule `A‘.

restoration, with effect from the date on which it was removed from the Register:

Provided further that the restoration of a member‘s name which was removed under the orders of the Board of Discipline or the Disciplinary Committee or the Appellate Authority or the High Court shall be effected only in accordance with such orders.]

20. Notification of restoration The restoration of a member's name to the Register shall be notified in the Gazette of India and shall also be communicated in writing to him.

CHAPTER III

EXAMINATIONS

1[21.] Omitted

22. Conduct of examinations

(1) The examinations shall be conducted in such manner and at such time and places as the Council may direct:

Provided that there shall be at least one examination in each year.

(2) The dates and places of the examinations and other particulars shall be notified in the Gazette of India.

2[Provided that any change in the schedule of examination due to any reason, duly approved by the Examination Committee shall be announced through the website of the Institute] 3[23.] Deleted 1 The following Regulation was omitted by Notification No.1-CA(7)/92/2006 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006: A ―[21.Conditions to become a member Except as otherwise provided in the Act or these Regulations, a person in order to qualify himself for membership of the Institute should have—

(a) completed the practical training as provided in these Regulations and have passed the Final examination as per the syllabus specified in Schedule 'B'; or

(b) completed the practical training, passed the Final examination as per the syllabus as may be specified by the Council and attended the course as provided in these Regulations.]‖ ASubstituted earlier, for the following, by Notification No.1-CA(7)/51/2000 published in the Gazette of India, Extraordinary, dated 17th August, 2001:- ―21. Conditions to become a member Except as otherwise provided in the Act or these Regulations, a person in order to qualify himself for membership of the Institute shall have completed the practical training as provided in these Regulations and have passed the Final examination as per the syllabus specified in Schedule `B‘.‖ 2 Inserted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017 3 The following Regulation was deleted by Notification No. 1-CA(7)/51/2000 published in the Gazette of India, Extraordinary dated 17th August, 2001:- ―[23. Admission to the Entrance Examination, Fees and Syllabus

(1) No candidate shall be admitted to the Entrance Examination unless he is a graduate within the meaning of clause (ix) of sub-regulation (1) of regulation 2 or is undergoing the graduation course:

Provided that a candidate who having appeared at the Entrance Examination held after 1st January, 1985 has failed in the said examination on three occasions, shall not be admitted to the Entrance Examination.

(2) A candidate for admission to the Entrance Examination shall pay such fee as may be fixed by the Council from time to time.

(3) A candidate for admission to the Entrance Examination shall be examined in the subjects prescribed in paragraph 1 of Schedule `B'.

1[24.] Omitted 2[25.] Omitted (Contd. from previous page)

(4) Notwithstanding anything contained in these regulations, the Council may, at any time after the commencement of registration for the Foundation Course, discontinue the Entrance The above was earlier substituted for the following by Notification No.1-CA(7)19/92 published in the Gazette of India, dated 7th March, 1992:- ―[23. Admission to the Entrance Examination

(1) No candidate shall be admitted lo the Entrance examination unless he is a graduate within the meaning of clause (ix) of sub-regulation (1) of regulation 2 or is undergoing the graduation course:

PROVIDED that a candidate who having appeared at the Entrance Examination held after 1st January, 1985 has failed in the said examination on three occasions, shall not be admitted to the Entrance Examination

24. Admission fee for the Entrance Examination A candidate for admission to the Entrance Examination shall pay such fee as may be fixed by the Council from time to time.

25. Syllabus for the Entrance Examination A candidate for the Entrance Examination shall be examined in the subjects prescribed in paragraph 1 of Schedule `B'.]‖ 1 The following Regulation was omitted by Notification No.1-CA(7)/92/2006 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006: A―[24. Registration for the Foundation Course

(1) No candidate shall be registered for the Foundation Course unless he has passed the Senior Secondary Examination conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto.

(2) Notwithstanding anything contained in sub-regulation (1), a person who has appeared in the final Senior Secondary Examination or an examination recognised by the Government or the Council as equivalent thereto may also be provisionally registered for the Foundation Course by the coaching organisation set-up under the control and supervision of the Council: Provided that the provisional registration of a person shall be confirmed only after satisfactory proof has been furnished by him to the coaching organisation within a period of six months from the date of provisional registration of having passed the aforesaid examination: Provided further that if such a person fails to produce such proof within the aforesaid period his provisional registration shall be cancelled and no part of the registration fee or the tuition fee paid by him shall be refunded and for the purpose of these Regulations no credit shall be given for the theoretical instructions undergone.

(3) Before admission to the Foundation Course, a candidate shall pay such fee, as may be fixed by the Council from time to time.]‖ B―[(4) Notwithstanding anything contained in these Regulations, the Council may, at any time after the commencement of registration for the Professional Education (Course-I), discontinue registration for the Foundation Course.]‖ AInserted by Notification No.1-CA(7)/19/92 published in the Gazette of India dated 7th March, 1992.

BInserted by Notification No.1-CA(7)/51/2000 published in the Gazette of India, Extraordinary, dated I7th August, 2001.

2 The following Regulation was omitted by Notification No. 1-CA(7)//92/2006 published in Part III - Section 4 of the Gazette of India, Extraordinary dated 13th September, 2006: A ―[25.Admission to the Foundation Examination, Fees and Syllabus

(1) No candidate shall be admitted to the Foundation Examination unless he produces a certificate from the head of the coaching organisation, to the effect that he is registered with the coaching organisation and has complied with the requirements of the postal tuition scheme: Provided that commerce graduates who have passed the graduation examination with accountancy and auditing and mercantile law or commercial law, securing in aggregate a minimum of 50% of the total marks in the examination or graduates other than commerce graduates who have passed the graduation examination with mathematics as one of the subjects securing in the aggregate a minimum of 60% of the total marks in the examination or graduates other than commerce graduates who have passed the graduation examination with any other 1[25A.] Omitted (Contd. from previous page) subjects other than mathematics securing in the aggregate a minimum of 55% of the total marks in the examination shall be exempted from passing the Foundation Examination: Provided further that they shall be permitted to register themselves as articled/audit clerks to receive practical training prescribed under these Regulations, if found otherwise eligible. Explanation — For the purpose of this regulation, commerce graduate shall mean a graduate having passed the graduation examination with accountancy and auditing and mercantile law or commercial law as full papers, irrespective of any other subjects offered in the curriculum.

(2) A candidate for the Foundation Examination shall pay such fees as may be fixed by the Council from time to time.

(3) A candidate for the Foundation Examination shall be examined in the subjects prescribed in paragraph 1A of Schedule 'B'.] B[(4) Notwithstanding anything contained in these Regulations, the Council may, at any time after the commencement of registration for the Professional Education (Course-I), discontinue holding the Foundation Course Examination under these Regulations and require the candidates to pass the Professional Education (Examination-1) as per the syllabus as may be specified by the AInserted by Notification No.1-CA(7)/19/92 published in the Gazette of India dated 7th March, 1992.

BInserted by Notification No.1-CA(7)/51/2000 published in the Gazette of India, Extraordinary dated I4th August, 2001.

1 The following Regulation was omitted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: A ―25A. Registration for Professional Education (Course-I)

(1) No candidate shall be registered for the Professional Education (Course-I) unless he has passed the Senior Secondary Examination (10 + 2 examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government or the Council as equivalent thereto:

B [Provided that no registration for the Professional Education (Course-I) shall be made after the commencement of registration of Common Proficiency Test under regulation 25C.] C [(2) Notwithstanding anything contained in sub-regulation (1), a candidate who has appeared in the final Senior Secondary Examination or an examination recognised by the Central Government as equivalent thereto may be provisionally registered for the Professional Education (Course-I) by the Board of Studies of the Institute:

Provided that the provisional registration of such candidate shall be confirmed only after satisfactory proof of having passed the examination referred to in this sub-regulation, has been furnished by him to the Board of Studies of the Institute within a period of six months from the date of provisional registration:

Provided further that if such candidate fails to produce such proof within the aforesaid period of six months his provisional registration shall be cancelled and the registration fee or the tuition fee paid by him shall not be refunded and for the purpose of these regulations no credit shall be given for the theoretical education undergone and eligibility tests passed.]

(3) A candidate shall pay such fee, as may be fixed by the Council from time to time, along with his application in the Form approved by the Council, for registration to the Professional Education A Inserted by Notification No.1-CA(7)/51/2000 published in the Gazette of India, Extraordinary, dated 17th August, 2001.

B Inserted by Notification No.1-CA(7)/92/2006 published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006. CSubstituted, for the following, by Notification No.1-CA(7)/92/2006 published in Part III,

Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006: ―[(2) Notwithstanding anything contained in sub-regulation (1), a candidate who has appeared in the final Senior Secondary Examination or an examination recognised by the Central Government or the Council as equivalent thereto may be provisionally registered for the Professional Education (Course-1) by the head of the coaching organisation, by whatever name designated, set up under the aegis of the Council: 1[25B.] Omitted (Contd. from previous page) PROVIDED that the provisional registration of such candidate shall be confirmed only after satisfactory proof of having passed the examination referred to in this sub regulation, has been furnished by him to the coaching organisation within a period of six months from the date of provisional registration:

PROVIDED FURTHER that if such candidate fails to produce such proof within the aforesaid period of six months his provisional registration shall be cancelled and the registration fee or the tuition fee paid by him shall not be refunded and for the purpose of these Regulations no credit shall be given for the theoretical education undergone and 1 The following Regulation was omitted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: 25B. Admission to the Professional Education (Examination-I), Fees and Syllabus. A[(1) No candidate shall be admitted to the Professional Education (Examination-I) unless he produces a certificate to the effect that he is registered with the Board of Studies of the Institute and has complied with the requirements of the theoretical education scheme, as may be specified by the Council from time to time:

Provided that a graduate within the meaning of clause (ix)(b) of regulation 2 shall be exempted from passing the Professional Education (Examination-I), if such person is a -

(i) commerce graduate having passed the graduation examination with accountancy, auditing and mercantile law or commercial law as full examination papers, securing in the aggregate a minimum of 50% of the total marks in the examination; or

(ii) non-commerce graduate having passed the graduation examination with mathematics as one of the subjects securing in the aggregate a minimum of 60% of the total marks in the examination; or

(iii) commerce graduate having passed the graduation examination without accountancy, auditing and mercantile law or commercial law as full examination papers and non-commerce graduate having passed the graduation examination with subjects other than mathematics as one of the subjects securing in the aggregate a minimum of 55% of the total marks in the examination: Provided further that a candidate who has passed the final examination conducted by the Institute of Cost and Works Accountants of India or by the Institute of Company Secretaries of India, set up under the Cost and Works Accountants Act, 1959 (23 of 1959) or the Company Secretaries Act, 1980 (56 of 1980) respectively shall also be exempted from passing the Explanation — For the purpose of this regulation -

(i) "full examination paper" means a paper carrying not less than 50 marks;

(ii) for the purpose of calculating the percentage of marks, the marks secured in subjects in which a person is required by the regulations of the university or the examining body concerned to obtain only pass marks and for which no special credit is given for higher marks, shall be ignored;

(iii) in the case of non-commerce graduates with mathematics as one of the subjects, if the marks allotted to the subject of mathematics, involving one or more papers in the syllabus for the concerned course are less than 10 per cent of the total marks in the examination shall be deemed to be graduate with subject other than mathematics as one of the subjects, and shall be covered under regulation 25B(l)(iii); and

(iv) any fraction of half or more shall be rounded up to the next whole number.]

(2) Notwithstanding anything contained in sub-regulation (1) above, a candidate, who fails to pass the Professional Education (Examination-I) in five consecutive attempts from the examination in which he is eligible to appear, shall not be admitted to the said examination. B[Provided that a candidate, who has exhausted his/her five consecutive attempts in the Professional Education (Examination-I), shall be eligible to be admitted to the said examination (Contd.from previous page) for five additional attempts in any of the examinations held on or before the 31st December, Explanation — For the purpose of this regulation, any attempt not availed of after becoming eligible to appear in the examination shall be reckoned as an attempt for calculating the five consecutive attempts.

(3) A candidate for the Professional Education (Examination-I) shall pay such fees as may be fixed by the Council from time to time.

(4) A candidate for the Professional Education (Examination-I) shall be examined in the subjects as may be specified by the Council from time to time.

C[(5) Notwithstanding anything contained in these regulations, the Council may at any time after the commencement of registration for the Common Proficiency Test discontinue holding Professional Education (Examination-I) under these regulations and require the candidates to pass Common Proficiency Test as per the syllabus as may be specified by the Council from time to time.] A Substituted, for the following, by Notification No.1-CA(7)/92/2006 published in Part III,

Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006: ―[(1) No candidate shall be admitted to the Professional Education (Examination-I) unless he produces a certificate from the head of the coaching organisation, by whatever name designated, set up under the aegis of the Council to the effect that he is registered with the coaching organisation and has complied with the requirements of the theoretical education scheme, as may be specified by the Council from time to time: PROVIDED that a graduate within the meaning of clause (ix)(b) of regulation 2 shall be exempted from passing the Professional Education (Examination-I), if such person is a –

(i) commerce graduate having passed the graduation examination with accountancy, auditing and mercantile law or commercial law as full examination papers, securing in the aggregate a minimum of 50% of the total marks in the examination; or

(ii) non-commerce graduate having passed the graduation examination with mathematics as one of the subjects securing in the aggregate a minimum of 60% of the total marks in the examination; or

(iii) commerce graduate having passed the graduation examination without accountancy, auditing and mercantile law or commercial law as full examination papers and non- commerce graduate having passed the graduation examination with subjects other than mathematics as one of the subjects securing in the aggregate a minimum of 55% of the total marks in the examination: PROVIDED FURTHER that a candidate who has passed the final examination conducted by the Institute of Cost and Works Accountants of India or by the Institute of Company Secretaries of India, set up under the Cost and Works Accountants Act, 1959 (23 of 1959) or the Company Secretaries Act, 1980 (56 of 1980) respectively shall also be exempted from passing the Professional Education (Examination-I). Explanation—For the purpose of this regulation –

(i) "full examination paper" means a paper carrying not less than 50 marks;

(ii) for the purpose of calculating the percentage of marks, the marks secured in subjects in which a person is required by the regulations of the university or the examining body concerned to obtain only pass marks and for which no special credit is given for higher marks, shall be ignored;

(iii) in the case of non-commerce graduates with mathematics as one of the subjects, if the marks allotted to the subject of mathematics, involving one or more papers in the syllabus for the concerned course are less than 10 per cent of the total marks in the examination shall be deemed to be graduate with subject other than mathematics as one of the subjects, and shall be covered under regulation 25B(l)(iii); and

(iv) any fraction of half or more shall be rounded up to the next whole number.]‖ B Inserted by Notification No.1-CA(7)/83/2005 published in Part III, Section 4 of the Gazette of India, Extraordinary dated 28th July, 2005 CInserted by Notification No.1-CA(7)/92/2006 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 13th September, 2006 1 Inserted by Notification No.1-CA(7)/92/2006 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 13th September, 2006

(1) No candidate shall be registered for 1[Common Proficiency Course]unless he has passed the Class 10 examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto:

PROVIDED that a candidate who was earlier registered for Foundation Course/Professional Education (Course-I) under these regulations shall be entitled for registration to1[Common Proficiency Course]subject to such conditions as may be specified by the Council.

(2) A candidate shall pay such fees, as may be fixed by the Council, which shall in any case not exceed rupees fifteen thousand, along with his application in the Form approved by the Council, for registration to the 1[Common Proficiency Course].

2[(3) Notwithstanding anything contained in these regulations, the Council may, after the commencement of registration for the Foundation Course, discontinue registration for the Common Proficiency Course by notice in the website of the Institute.] 25D. Admission to Common Proficiency Test, Fee and Syllabus

(1) No candidate shall be admitted to Common Proficiency Test unless he is registered with the Board of Studies of the Institute and has appeared in the Senior Secondary Examination (10+2) examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government 3[or the State Government]as equivalent thereto4[for the purposes of admission to graduation courses] and has complied with such requirements as may be specified by the Council from time to time.

5[(1A) Any graduate or post graduate referred to in sub-clause (ix) of regulation 2 shall be exempted from passing the Common Proficiency Test under this regulation if such person is a -

(i) graduate or post graduate in commerce having secured in aggregate a minimum of fifty-five per cent. of the total marks or its equivalent grade in the examination 1 Substituted for the words, ―Common Proficiency Test‖, by Notification No. 1- CA(7)/145/2012 published in Part III - Section 4 of the Gazette of India, Extraordinary, 2 Inserted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017.

3,4&5Inserted by Notification No. 1-CA(7)/145/2012 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012.

conducted by any recognised University (including Open University) by studying any three papers of 100 marks each out of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting; or

(ii) graduate or post graduate other than those referred to in clause (i), having secured in aggregate a minimum of sixty per cent. of the total marks or its equivalent grade in the examination conducted by any recognised University (including Open University).

(1B) Any candidate who has passed the Intermediate examination conducted by the Institute of Cost Accountants of India set up under the Cost and Works Accountants Act, 1959 (23 of 1959) or by the Institute of Company Secretaries of India set up under the Company Secretaries Act, 1980 (56 of 1980) shall also be exempted from passing the Common Proficiency Test under this regulation.

Explanation.-For the purposes of sub-regulations (1A) and (1B),-

(i) for calculating the percentage of marks, the marks secured in subjects in which a person is required by the University (including open University) to obtain only pass marks and for which no special credit is given for higher marks, shall be ignored; and

(ii) any fraction of half or more shall be rounded up to the next whole number].

(2) A candidate for the Common Proficiency Test shall pay such fees, as may be fixed by the Council, which shall in any case not exceed rupees ten thousand.

(3) A candidate for the Common Proficiency Test shall be examined in the syllabus 1[approved]by the Council from time to time.] 2[(4) Notwithstanding anything contained in these regulations, the Council may, after the commencement of the Foundation Examination, 1 Substituted for the words, ―as may be specified‖ by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017. 2 Inserted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017 discontinue holding the Common Proficiency Test and the candidates shall be required to pass the Foundation Examination as per the syllabus approved by the Council from time to time under regulation 25F.] 1[25E. Registration for the Foundation Course

(1) No candidate shall be registered for the Foundation Course unless he has appeared in the Senior Secondary (10+2) Examination conducted by an examining body constituted by law in India or an examination recognised by the Central Government or the State Government as equivalent thereto for the purpose of admission to graduation course.

(2) A candidate shall pay such fee, as may be fixed by the Council from time to time, which shall not exceed twenty-five thousand rupees, along with an application in the form approved by the Council for registration to the Foundation Course.] 2[25F. Admission to the Foundation Examination, Fee and Syllabus

(1) No candidate shall be admitted to the Foundation Examination unless he -

(a) is registered with the Board of Studies of the Institute on or before 30th day of June or 31st day of December for the examination to be held in the months of November or May respectively; and

(b) has passed the Senior Secondary (10+2) examination conducted by an examining body constituted by law in India or an examination recognised by the Central Government or the State Government as equivalent thereto for the purpose of admission to graduation course.

(2) A candidate for the Foundation examination shall pay such fees, as may be fixed by the Council, which shall in any case not exceed ten thousand rupees.

(3) A candidate for the Foundation examination shall be examined in the syllabus approved by the Council from time to time. 1&2 Inserted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017 1[26.] Omitted 2[27.] Omitted 3[28.] Omitted 1 The following Regulation was omitted by Notification No.1-CA(7)/92/2006 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006: A―[26. Admission to the Intermediate Examination No candidate shall be admitted to the Intermediate Examination unless:—

(i) (a) he has passed the Entrance Examination and is a graduate within the meaning of clause

(ix) of sub-regulation (1) of Regulation 2; or

(b) he has passed the Foundation Examination or is exempted from passing the said examination under these Regulations; and

(ii) he has completed not less than nine months of service as an articled clerk or as an audit clerk or partly as an articled clerk and partly as an audit clerk, three months prior to the first day of the month in which the examination is held; and

(iii) he produces a certificate from the head of the coaching organisation to the effect that he has complied with the requirements of the postal tuition scheme: Provided that the aforesaid certificate shall be valid for such period computed from the date of its issue as may be specified by the coaching organisation, whereafter the candidate shall have to obtain a fresh certificate after fulfilling such conditions as may be imposed by the coaching organisation in that behalf.] ASubstituted earlier, for the following by Notification No. 1-CA(7)/19/92 published in the Gazette of India dated 7th March, 1992:

―[26. Admission to the Intermediate Examination

(1) No candidate shall be admitted to the Intermediate Examination unless-

(i) he has on the 1st day of February or the 1st day of August of each year for eligibility to the examination that may be held in May or November, respectively, completed not less than nine months of service as an articled clerk or as an audit clerk or partly as an articled clerk and partly as an audit clerk; and

(ii) he produces a certificate from the head of the coaching organisation, by whatever name designated, set up under the aegis of the Council, to the effect that he has complied with the requirements in this behalf of postal tuition scheme: Provided that the aforesaid certificate shall be valid for such period computed from the date of its issue as may be specified by the coaching organisation, whereafter the candidate shall obtain a fresh certificate after fulfilling such conditions as may be imposed by the coaching organisation in that behalf.

(2) Notwithstanding anything contained in sub-regulation (1), above, a candidate who has entered into articled or audit service for the first time on or after the 18th July, 1964 shall not be admitted to the Intermediate examination if he fails to pass in any of the examinations held within ten years from the date of registration: Provided, however, that a' candidate who is debarred, as aforesaid, from appearing in the Intermediate examination may be permitted to appear in the said examination or in the Croup in which he has failed to qualify, for a further term, as aforesaid, if he has satisfied the requirement of sub-regulation (3) of regulation 57 and has complied with the requirements of the postal tuition scheme.] 2 The following Regulation was omitted by Notification No.1-CA(7)/92/2006 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006: ―[27. Admission fee for the Intermediate Examination A candidate for admission to both the groups or only one group of the Intermediate examination shall pay such fee as may be fixed by the Council from time to time.]‖ 3 The following Regulation was omitted by Notification No.1-CA(7)/92/2006 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006: A―[28. Syllabus for the Intermediate Examination

(1) A candidate for the Intermediate Examination held after 1st January, 1985 shall be examined in the groups and subjects prescribed in Paragraph 2 of Schedule 'B'. B(2) Notwithstanding anything contained in these Regulations, the Council may, at any time after introduction of Professional Education (Course-II), discontinue holding the Intermediate 1[28A.] Omitted (Contd. from previous page) Examination under Schedule 'B' and require the candidates to pass the Professional Education (Examination-II) as per the syllabus as may be specified by the Council.] ASubstitutedfor the following by Notification No.1-CA(7)/19/92 published in Part-III, Section 4 of the Gazette of India dated 7th March, 1992:

―28. Syllabus for the Intermediate examination A candidate for the Intermediate examination held after 1st January, 1985 shall be examined in the groups and subjects prescribed in paragraph 2 of Schedule 'B'.‖ BSubstituted for the following by Notification No.1-CA(7)/51/2000 published in Part-III, Section 4 of the Gazette of India, Extraordinary, dated 17th August. 2001: ―(2) Notwithstanding anything contained in these Regulations, the Council may, at any time after introduction of the Foundation Course, discontinue holding the Intermediate Examination and require the candidates to pass the Intermediate Examination as per the syllabus given in

Paragraph 2A of Schedule "B‖.‖ 1 The following Regulation was omitted by Notification No.1-CA(7)/178/2016 published in Part III –

Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: A28A.Registration for Professional Education (Course-II)

(1) No candidate shall be registered for the Professional Education (Course-II) unless he has passed the Professional Education (Examination-I) or is exempted from the said examination under these Regulations: Provided that a candidate who has passed the Entrance or Foundation Examination under the Chartered Accountants Regulations, 1988, shall be eligible to register himself for the Professional Education (Course-II). B[(2) Notwithstanding anything contained in sub-regulation (1), a candidate falling in any of the following categories shall also be provisionally registered for the Professional Education (Course-II) by the Board of Studies of the Institute:

(i) A candidate who has appeared in the Professional Education (Examination-I) under these regulations; or the final examinations of the Institute of Cost and Works Accountants of India or the Institute of Company Secretaries of India;

(ii) A candidate who has passed the second year graduation examination giving a declaration to the effect that being eligible to appear in the final year graduation examination within six months from the date of provisional registration intends to appear in the said final year graduation examination within the aforesaid period of six months.]

(3) The provisional registration of such candidate shall be confirmed only on submission of proof of having passed the Professional Education (Examination-I); or the Final Examination conducted by the Institute of Cost and Works Accountants of India or by the Institute of Company Secretaries of India or graduation examination with the minimum marks as specified in the first proviso to Regulation 25B(1) to the coaching organisation within a period of three months in the case of a candidate falling under clause (i) and within six months in the case of a candidate falling under clause (ii) of sub-regulation (2) from the date of appearing in final graduation examination: Provided that if such a candidate fails to produce such proof within the aforesaid period of three months or six months, as the case may be, his provisional registration shall be cancelled and the registration fee or the tuition fee paid by him shall not be refunded and for the purpose of these Regulations no credit shall be given for the theoretical education undergone and eligibility tests passed.

(4) A candidate shall pay such fee, as may be fixed by the Council from time to time, along with his application in the Form approved by the Council, for admission to the Professional Education (Course-II). C[(5) Notwithstanding anything contained in these regulations, the Council may at any time after the introduction of Professional Competence Course, discontinue registration for the Professional Education (Course-II).] AInserted by Notification No.1-CA(7)/51/2000 published in Part-III, Section 4 of the Gazette of India Extraordinary, BSubstituted, for the following, by Notification No. 1-CA(7)/92/2006 published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 13thSeptember, 2006:

―(2) Notwithstanding anything contained in sub-regulation (1), a candidate falling in any of the following categories shall also be provisionally registered for the Professional Education (Course-II) by the head of the coaching organisation, by whatever name designated, set up under the aegis of the Council: (i) A candidate who has appeared in the Professional Education (Examination-1) under these regulations; or the Final Examinations of the Institute of Cost and Works Accountants of India or the Institute of Company Secretaries of India; (ii) A candidate who has passed the second year graduation examination giving a declaration to the effect that being eligible to appear in the final year graduation examination within six months from the date of provisional registration intends to appear in the said final year graduation examination within the aforesaid period of six months.‖ CInserted by Notification No.1-CA(7)/92/2006 published in Part III, Section 4 of the Gazette of India, Extraordinary, The following Regulation was omitted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: 28B. Admission to the Professional Education (Examination-II), Fees and Syllabus A[(1) No candidate shall be admitted to the Professional Education (Examination-II) unless he produces a certificate to the effect that he is registered with the Board of Studies of the Institute and has complied with the requirements of the theoretical education scheme as may be specified by the Council from time to time.]

(2) Notwithstanding anything contained in sub-regulation (1), a candidate who has completed the practical training either partly or fully before the commencement of these Regulations but has not passed the Intermediate examination under the syllabus given in para 2A of Schedule 'B' to these 1[28C.] Omitted (Contd. from previous page) Regulations shall, instead be required to pass Professional Education (Examination-II) and for the purpose of these Regulations, the eligibility test earlier passed by him, if any, shall remain valid: PROVIDED that such candidate shall be entitled to continue and complete the practical training under these Regulations.

(3) Notwithstanding anything contained in sub-regulations (1) and (2), a candidate who fails to pass the Professional Education (Examination-II) in five consecutive attempts from the examination in which he is eligible to appear, shall not be admitted to the said examination. B[Provided that a candidate, who has exhausted his/her five consecutive attempts in the Professional Education (Examination-II), shall be eligible to be admitted to the said examination for five additional attempts in any of the examinations held on or before the 31st December, Explanation - For the purpose of this regulation, any attempt not availed of after becoming eligible to appear in the examination shall be reckoned as an attempt for calculating the five consecutive attempts.

(4) A candidate for the Professional Education (Examination-II) shall pay such fees as may be fixed by the Council from time to time.

(5) A candidate for the Professional Education (Examination-II) shall be examined in the subjects as may be specified by the Council from time to time.

C[(6) Notwithstanding anything contained in these regulations, the Council may at any time after the introduction of Professional Competence Course discontinue holding Professional Education (Examination-II) under these regulations and require the candidates to pass the Professional Competence Examination as per the syllabus as may be specified by the Council from time to time.] ASubstituted, for the following, by Notification No.1-CA(7)/92/2006 published in Part III,

Section 4 of the Gazette of India, Extraordinary dated 13th September, 2006: ―(1) No candidate shall be admitted to the Professional Education (Examination-II) unless he produces a certificate from the head of the coaching organisation, by whatever name designated, set up under the aegis of the Council, to the effect that he is registered with the coaching organisation and has complied with the requirements of the theoretical education scheme.‖ B Inserted by Notification No.1-CA(7)/83/2005 published in Part III, Section 4 of the Gazette of India, Extraordinary dated 28th July, 2005 C Inserted by Notification No.1-CA(7)/92/2006 published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006 1 The following Regulation was omitted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: A[28C. Admission to B[Intermediate (Professional Competence) Examination]

(1) No candidate shall be admitted to BIntermediate (Professional Competence) Examination] unless -

(a) he has passed Common Proficiency Test held under these regulations and Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognized by the Central Government C[or the State Government] as equivalent thereto D[for the purposes of admission to graduation courses]; and

(b) he has E[served] for not less than fifteen months as an articled assistant or as an audit assistant or partly as an articled assistant and partly as an audit assistant, three months prior to the first day of the month in which examination is held F[and has been so continuing on the first day of the said month]; and

(c) he has completed a course on Information Technology Training for such period and in such manner and within such time as may be specified by the Council from time to time: Provided that a candidate who has passed Foundation Examination/ Professional Education (Examination-I) and successfully completed the Computer Training programme or Information Technology Training under these regulations shall be admitted to the said examination subject to compliance of clause (b) above:

Provided further that a candidate who was exempted from passing the Professional Education (Examination-I) under proviso to sub-regulation (1) of regulation 25B and is registered as a candidate for the Professional Education (Course-II) shall be admitted, after discontinuance of the Professional Education (Examination-II), to the said examination, subject to his being otherwise eligible Competence) Course]and Fees

(1) The study course for the chartered accountancy candidates shall be named as 3[Intermediate (Integrated Professional Competence) Course], which shall be composed of three levels viz. Group I, Accounting Technician (optional) and Group II. A candidate may opt for enrolment to Group I or Group I and Accounting Technician or Accounting Technician and/or Group II or Group I and Group II or for all the levels referred to above in this regulation.

(2) 4[No candidate shall be eligible for enrolment to any of the level of the Intermediate (Integrated Professional Competence) Course, unless he –

(a) has passed the Common Proficiency Test held under these regulations and Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government or the State Government as equivalent thereto for the purposes of admission to graduation courses; or (Contd. from previous page) to appear in the Professional Education (Examination-II) G[and he fulfils the condition laid down under clause (b)].

(2) A candidate for the H[Intermediate (Professional Competence) Examination] shall pay such fees, as may be fixed by the Council, which shall not exceed rupees ten thousand in any case.

(3) A candidate for H[Intermediate (Professional Competence) Examination] shall be examined in the syllabus as may be specified by the Council from time to time.] A&H Inserted by Notification No.1-CA(7)/92/2006 published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006.

BSubstituted, for the words, ―Professional Competence Examination‖ wherever they occur in Regulation 28-C, by Notification No. 1-CA(7)/145/2012 published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012.

C,D,F&GInserted by Notification No. 1-CA(7)/145/2012 published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012 ESubstituted, for the word, ―worked‖, by Notification No. 1-CA(7)/145/2012 published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012 1 Inserted by Notification No.1-CA(7)/123/2008 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 3rd December, 2008.

2&3 Substituted, for the words, ―Integrated Professional Competence Course‖ wherever they occur in Regulation 28-D, by Notification No. 1-CA(7)/145/2012 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012.

4 Substituted, for the following, by Notification No. 1-CA(7)/145/2012 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012. “No candidate shall be eligible for enrolment to any of the level(s) of the Integrated Professional Competence Course unless he has passed the Common Proficiency Test held under these regulations and Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto‖

(b) has been exempted from passing Common Proficiency Test under regulation 25D.] Provided that a candidate who has passed Entrance Examination or Foundation Examination or Professional Education (Examination-I) under these regulations shall be eligible for enrolment to 1[Intermediate (Integrated Professional Competence) Course] subject to such conditions as may be specified by the Council:

2[Provided further that a candidate who was already registered for erstwhile Intermediate or Professional Education (Course-II) or Intermediate (Professional Competence) Course under these regulations shall be eligible for enrolment or conversion to Intermediate (Integrated Professional Competence) Course subject to such conditions as may be specified by the Council.] 3[(2A)Notwithstanding anything contained in sub-regulation (2), a candidate who is pursuing the final year of graduation course shall be provisionally registered to the Intermediate (Integrated Professional Competence) Course which shall be confirmed only on submission of satisfactory proof of having passed the graduation examination with the minimum marks as provided in sub-regulation (1A) of regulation 25D within such period not exceeding six months as may be decided by the Council, from the date of appearance in the final year graduation examination:

Provided that if such candidate fails to produce the proof within the aforesaid period, his provisional registration shall be cancelled and the registration fee or the tuition fee, as the case may be, paid by him shall 1 Substituted, for the words, ―Integrated Professional Competence Course‖ wherever they occur in Regulation 28-D, by Notification No. 1-CA(7)/145/2012 published in Part III -

Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012. 2 Substituted for the following by Notification No.1-CA(7)/178/2016 published in Part III –

Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: ―Provided further that a candidate who was already registered for erstwhile Intermediate Examination as per syllabus under paragraph 2 or 2A of Schedule B or of Professional Education (Course-II) under sub-regulation (1) of regulation 28A or A[Intermediate (Professional Competence) Examination] under regulation 28C of these regulations shall be eligible for enrolment/conversion to B[Intermediate (Integrated Professional Competence) Course] subject to such conditions as may be specified by the Council.‖ A Inserted by Notification No.1-CA(7)/92/2006 published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006. B Substituted, for the words, ―Integrated Professional Competence Course‖ wherever they occur in Regulation 28-D, by Notification No. 1CA(7)/145/2012 published in Part III,

Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012. 3 Inserted by Notification No. 1-CA(7)/145/2012 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012.

not be refunded and for the purpose of these regulations no credit shall be given for the theoretical education undergone.]

(3) A candidate shall pay such fees for enrolment to1[Intermediate (Integrated Professional Competence) Course] as may be fixed by the Council which shall not exceed rupees twelve thousand along with his application in the Form as may be approved by the Council. 2[(4) Notwithstanding anything contained in these regulations, the Council may, after the commencement of registration for the Intermediate Course, discontinue registration for the Intermediate (Integrated Professional Competence) Course by notice in the website of the Institute.] 28E. Admission to 3[Intermediate (Integrated Professional Competence) Examination], Fees and Syllabus [Applicable to candidates appearing in 3[Intermediate (Integrated Professional Competence) Examination],under the syllabus 4[approved]by the Council under sub-regulation (3) of this regulation.

(1) No candidate shall be admitted to 3[Intermediate (Integrated Professional Competence) Examination], unless:-

(a) he is enrolled for the relevant level(s) of the 3[Intermediate (Integrated Professional Competence) Course]; and

(b) he produces a certificate to the effect that he has undergone a study course, for a period not less than 5[eight months], as may be specified by the Council for the relevant level(s), as on the first day of the month in which the examination is held, in the manner as may be specified by the Council from time to time; and 1 Substituted, for the words, ―Integrated Professional Competence Course‖ wherever they occur in Regulation 28-D, by Notification No. 1-CA(7)/145/2012 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012.

2 Inserted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017.

Substituted respectively for the words ―Integrated Professional Competence Examination‖, ―Integrated Professional Competence Course‖ and ―Professional Competence Examination‖ wherever they occur in Regulation 28-E, by Notification No. 1-CA(7)/145/2012 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012.

4 Substituted for the words, ―as may be specified‖ by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017. 5 Substituted for the words ―nine months‖ by Notification No.1-CA(7)/167/2014 published in Part III,

Section 4 of the Gazette of India, Extraordinary, dated 23rd January, 2015 1[Provided that a candidate who has been exempted from passing Common Proficiency Test under sub-regulation (1A) of regulation 25D and enrolled for the Intermediate (Integrated Professional Competence) Course shall be eligible to appear in the examination on completion of nine months of practical training under regulation 50.]

(c) he has completed a course on Information Technology Training or Computer Training Programme for such period and in such manner and within such time as may be specified by the Council from time to time.

(2) A candidate for the 2[Intermediate (Integrated Professional Competence) Examination], shall pay such fees, as may be fixed by the Council, which shall not exceed rupees ten thousand.

(3) A candidate for the 2[Intermediate (Integrated Professional Competence) Examination], shall be examined as per the syllabus 3[approved] by the Council from time to time.

4[(4) Notwithstanding anything contained in these regulations, the Council may after the commencement of registration for Intermediate Course, discontinue holding the Intermediate (Integrated Professional Competence) Examination and require the candidates to pass the Intermediate Examination as per the syllabus approved by the Council from time to time under regulation 28G.] 1 Inserted by Notification No.1-CA(7)/145/2012 published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012.

Substituted respectively for the words ―Integrated Professional Competence Examination‖, ―Integrated Professional Competence Course‖ and ―Professional Competence Examination‖ wherever they occur in Regulation 28-E, by Notification No. 1-CA(7)/145/2012 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012 Substituted for the words, ―as may be specified‖ by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017 Substituted for the following by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017:

―(4) Notwithstanding anything contained in these regulations, the Council may at any time after the commencement of enrolment to B[Intermediate (Integrated Professional Competence) Course] discontinue holding of C[Intermediate (Professional Competence) Examination] under the syllabus as specified by the Council under sub-regulation (3) of regulation 28C and require the candidates to pass, in such manner as may be specified by the Council from time to time, AIntermediate (Integrated Professional Competence) Examination] as per the syllabus specified by the Council under sub- regulation (3) above.]‖ A,B&C Substituted respectively for the words ―Integrated Professional Competence Examination‖, ―Integrated Professional Competence Course‖ and ―Professional Competence Examination‖ wherever they occur in Regulation 28-E, by Notification No. 1-CA(7)/145/2012 published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012. 1[28F. Registration for Intermediate Course and Fees

(1) The study course for the chartered accountancy candidates shall be named as Intermediate Course, which shall be composed of three levels viz. Group I, Accounting Technician (optional) and Group II. A candidate may opt for enrolment to (i) Group I or (ii) Group I and Accounting Technician or (iii) Accounting Technician and Group II or (iv) Group I and Group II or (v) for all the levels referred to above in this regulation.

(2) A candidate for registration for Intermediate Course shall pay such fees as may be fixed by the Council which shall not exceed twenty-five thousand rupees along with his application in the form as may be approved by the Council.

(3) No candidate shall be registered for the Intermediate Course unless he has passed the Foundation Examination.

(4) Notwithstanding anything contained in sub-regulation (3), a graduate or post graduate within the meaning of clause (ix) of regulation 2 shall be eligible for registration to Intermediate Course, if such person is a –

(a) graduate or post graduate in commerce having secured in aggregate a minimum of fifty five per cent. of the total marks or its equivalent grade in the examination conducted by any recognised university (including Open University) by studying any three papers each carrying a minimum of fifty marks in a semester or year and cumulatively hundred or more marks over the entire duration of the concerned course, out of the subjects i.e., Accounting, Auditing, Mercantile laws, Corporate laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting or similar to the title of these papers with different nomenclatures, as approved by the Board of Studies of the Institute; or Inserted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4of the Gazette of India, Extraordinary dated 25th May, 2017

(b) graduate or post graduate other than those referred to in clause (a), having secured in aggregate a minimum of sixty per cent. of the total marks or its equivalent grade in the examination conducted by any recognised university (including Open University).

Explanation—For the purpose of this sub- regulation -

(i) for calculating the percentage of marks, the marks secured in subjects in which a person is required by the University (including Open University) to obtain only pass marks and for which no special credit is given for higher marks, shall be ignored; and

(ii) any fraction of half or more shall be rounded up to the next whole number.

(5) Notwithstanding anything contained in sub-regulation (3), a candidate who is pursuing the final year of graduation course shall be eligible for provisional registration to the Intermediate Course which shall be confirmed only on submission of satisfactory proof of having passed the graduation examination with the minimum marks as provided in sub- regulation (4) of this regulation within such period not exceeding six months as may be decided by the Council, from the date of appearance in the final year graduation examination:

Provided that if such candidate fails to produce the proof within the aforesaid period, his provisional registration shall be cancelled and for the purpose of these regulations –

(i) no credit shall be given for the theoretical education undergone; and

(ii) the Council may permit refund of such amount of registration and tuition fee, as may be decided by it from time to time.

(6) A candidate who has passed the Intermediate examination conducted by the Institute of Cost Accountants of India set up under the Cost and Works Accountants Act, 1959 (23 of 1959) or by the Institute of Company Secretaries of India set up under the Company Secretaries Act, 1980 (56 of 1980) shall also be eligible for registration to Intermediate Course:

Provided that a candidate who has passed the Entrance or erstwhile Foundation or Professional Education (Examination – I) or Common Proficiency Test under these regulations shall be eligible for registration to Intermediate Course subject to compliance with other provisions of these regulations and such other conditions as may be specified by the Council.] 1[28G. Admission to the Intermediate Examination, Fees and Syllabus

(1) No candidate shall be admitted to the Intermediate Examination unless he is registered with the Board of Studies of the Institute and produces a certificate to the effect that he has undergone a study course for such period and in such manner as may be specified by the Council from time to time as on the first day of the month in which the examination is held:

Provided that a candidate who is registered for the Intermediate Course under sub-regulation (3) of regulation 28F shall be eligible for admission to the Intermediate examination after completion of nine months of practical training under regulation 50 on the first day of the month in which examination is held.

(2) Notwithstanding anything contained in sub-regulation (1), a candidate who was registered for the erstwhile Intermediate or Professional Education (Course–II) or Intermediate (Professional Competence) Course or the Intermediate (Integrated Professional Competence) Course shall be eligible for admission to the Intermediate Examination on such conditions as may be specified by the Council and subject to compliance with other provisions of these regulations.

(3) A candidate for the Intermediate examination shall pay such fees, as may be fixed by the Council from time to time, which shall not exceed ten thousand rupees.

(4) A candidate for the Intermediate Examination, shall be examined as per the syllabus approved by the Council from time to time.] 1 Inserted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4of the Gazette of India, Extraordinary dated 25th May, 2017 1[29. Registration for Final Course and fees 1 Substituted for the following by Notification No.1-CA(7)/178/2016 published in Part III –

Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: A[29.Admission to the Final Examination B [Applicable to candidates appearing in Final examination under the syllabus prescribed in Para 3A of Schedule 'B'] No candidate shall be admitted to the Final Examination unless -

(i) he has either passed the Intermediate Examination under these Regulations or the Chartered Accountants Regulations, 1964, or the Intermediate or the First examination under the Chartered Accountants Regulations, 1949, or was exempted from passing the First examination under the Chartered Accountants Regulations, 1949; and

(ii) he has completed the practical training as is required for admission as a member or has yet to serve not more than nine months of practical training at least three months prior to the first day of the month in which the examination is held:

Explanation — In computing the aforesaid period of nine months, leave taken in excess of 138 days in the case of an *articled assistant and 184 days in the case of an *audit assistant shall be regarded as the period yet to be served under articled or audit service, as the case may be.

(iii) There has been a time interval of at least two Final Examinations between passing of the Intermediate Examination and the first appearance at the Final examination: Provided that:-

(i) in the case of a candidate who appears in the Final Examination within the last six months of the period of his practical training, there need be a time interval of only one Final Examination between the passing of the Intermediate Examination and the first appearance at the Final Examination; and

(ii) in the case of a candidate who appears in the Final Examination after completion of the period of his practical training, there need be no time interval between the passing of the Intermediate Examination and the first appearance at the Final Examination.] A Substituted, for the following, by Notification No.1-CA(7)/19/92 published in the Gazette of India dated 7th March, 1992:

―29. Admission to the Final Examination-No candidate shall be admitted to the Final examination unless-

(i) he has either passed the Intermediate examination under these Regulations or the Chartered Accountants Regulations, 1964, or the Intermediate or the first examination under the Chartered Accountants Regulations, 1949, or was exempted from passing the First examination under the Chartered Accountants Regulations, 1949; and

(ii) he has as on first day of February or the first day of August of each year, for eligibility to the examination that may be held in May or November, respectively, either completed the service as an articled clerk or as an audit clerk, or partly as an articled clerk and partly as an audit clerk, which he is required to serve for admission as a member, or has yet to serve not more than nine months of such service.

Explanation — In computing the aforesaid period of nine months, leave taken in excess of 138 days in the case of an articled clerk and 1S4 days in the case of an audit clerk shall be regarded as the period yet to be served under articled or audit service, as the case may be;

(iii) There has been a time interval of at least two Final examinations between passing of the Intermediate examination and the first appearance at the Final examination: PROVIDED that—

(i) in the case of a candidate who appears in the Final examination within the last six months of the period of his practical training there need be a time interval of only one Final examination between the passing of the Intermediate Examination and the first appearance at the Final examination; and

(ii) in the case of a candidate who appears in the Final examination after completion of the period of his practical training, there need be no time interval between the passing of the Intermediate examination and the first appearance at the Final examination.‖ BInserted by Notification No.1-CA(7)/51/2000 published in the Gazette of India, Extraordinary, *Substituted, for the words, ―articled clerk‖ and ―audit clerk‖, wherever they occur in these Regulations, by Notification No.1-CA(7)/92/2006 published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006

(1) A candidate who has passed the Intermediate examination under these regulations shall be required to register for the Final course:

Provided that a candidate who has passed the erstwhile Intermediate Examination or Professional Education (Examination-II) or Intermediate (Professional Competence) Examination or the Intermediate (Integrated Professional Competence) Examination held under these regulations but has not registered for Final Course on the date of coming into force of these regulations shall be eligible for registration to the Final Course subject to compliance with other provisions of these regulations. Provided further that a candidate who is already registered for Final Course under these regulations shall be eligible for registration or conversion to Final Course subject to such conditions as may be specified by the Council.

(2) A candidate for registration to the Final Course shall pay such fee as may be fixed by the Council from time to time which shall not exceed forty thousand rupees along with an application in the Form approved by the Council.] 1[29A.] Omitted 1 The following Regulation was omitted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: A[29A. Admission to the Final Examination [Applicable to candidates appearing in Final examination under the syllabus as may be specified by the Council B[under regulation 31(i)]]

(1) No candidate shall be admitted to the Final examination unless:- C[(i) he has passed the Professional Education (Examination-II) under these regulations; and

(ii) he has completed the practical training as is required for admission as a member or is serving the last twelve months of practical training on the first day of the month in which the examination is scheduled to be held; and

(iii) he produces a certificate from the Board of Studies of the Institute, to the effect that he has complied with the requirements of the theoretical education scheme as may be specified by the Council from time to time:

Provided the requirement of theoretical education scheme shall not be applicable to a candidate who was admitted to the final examination held prior to the commencement of the final examination under the syllabus specified by the Council.

Explanation — In computing the aforesaid period of twelve months, leave taken in excess of 138 days in the case of an articled assistant and 184 days in the case of an audit assistant shall be regarded as the period required to be served under articled or audit service, as the case may be.]

(2) Notwithstanding anything contained in sub-regulation (1) a candidate who has either passed the Intermediate examination under these regulations or the Chartered Accountants Regulations, 1964, or the Intermediate or the First examination under the Chartered Accountants Regulations, 1949 or was exempted from passing the first examination under that regulations shall also be admitted to the final examination provided he has completed the practical training as is required for admission as a member or has been serving the last six months of practical training including 1[29B. Admission to the Final examination [Applicable to candidates appearing in Final Examination under the syllabus 2[approved]by the Council under regulation 31(ii)]

(1) No candidate shall be admitted to the Final Examination unless he has passed the Professional Competence Examination3[or the Intermediate (Professional Competence) Examination] held under these regulations and has completed the practical training as is required for admission as a member on or before the last day of the month preceding the month in which the examination is held.

4[(2) Notwithstanding anything contained in sub-regulation (1), a candidate who has passed the Professional Education (Examination-II) (Contd. from previous page) excess leave if any, on the first day of the month in which the examination is scheduled to be held.

Explanation — In computing the aforesaid period of six months, leave taken in excess of 138 days in the case of an *articled assistant and 184 days in the case of an *audit assistant shall be regarded as the period required to be served under articled or audit service, as the case may be.] AInserted by Notification No. I-CA(7)/51/2000 published in the Gazette of India, Extraordinary dated 17th August, 2001.

BInserted by Notification No.1-CA(7)/92/2006 published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006. CSubstituted, for the following, by Notification No. 1-CA(7)/92/2006 published in Part III,

Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006: ―(i) he has passed the Professional Education (Examination-II) under these Regulations; and

(ii) he has completed the practical training as is required for admission as a member or is serving the last six months of practical training on the first day of the month in which the examination is scheduled to be held; and

(iii) he produces a certificate from the head of the coaching organisation, by whatever name designated, set up under the aegis of the Council, to the effect that he has complied with the requirements of the theoretical education scheme: PROVIDED the requirement of theoretical education scheme shall not be applicable to a candidate who was admitted to the final examination held prior to the commencement of the final examination under the syllabus specified by the Council. Explanation — In computing the aforesaid period of six months, leave taken in excess of 138 days in the case of an articled clerk and 184 days in the case of an audit clerk shall be regarded as the period required to be served under articled or audit service, as the case may be.‖ *Substituted, for the words, ―articled clerk‖ and ―audit clerk‖, wherever they occur in these Regulations, by Notification No.1-CA(7)/92/2006 published in Part III, Section 4 of the Gazette of India, Extraordinary dated 13th September, 2006 1 Inserted by Notification No.1-CA(7)/92/2006 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006. 2 Substituted for the words, ―as may be specified‖ by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 3 Inserted by Notification No. 1-CA(7)/145/2012 published in Part‖ III, Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012.

4 Substituted for the following by Notification No.1-CA(7)/178/2016 published in Part III –

Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: or the Professional Competence Examination or the Intermediate (Professional Competence) Examination or the erstwhile Intermediate Examination under these regulations or the Intermediate Examination under the Chartered Accountants Regulations, 1964 or the Intermediate or the First Examination under the Chartered Accountants Regulations, 1949 (enforced at the relevant time) or was exempted from passing the First Examination under those regulations shall be admitted to the Final examination provided he has completed the practical training as required for admission as a member on or before the last day of the month preceding the month in which the examination is held or has been serving the last six months of practical training.] 1[29C. Admission to Final Examination [Applicable to candidates appearing in Final Examination under the syllabus 2[approved]by the Council under regulation 31(i), (ii) and (iii)]

(1) No candidate shall be admitted to the Final Examination unless he has passed:- Examination] in its entirety, held under these

(ii) completed the practical training as is required for admission as a member on or before the last day of the month preceding the month in which the examination is (Contd. from previous page) ―(2) Notwithstanding anything contained in sub-regulation (1), a candidate who has passed the Professional Education (Examination-II) or the Professional Competence Examination 2[or the Intermediate (Professional Competence) Examination] from out of the category of candidates covered under second proviso to sub-regulation (1) of regulation 28C or the Intermediate Examination under these regulations or the Intermediate Examination under the Chartered Accountants Regulations, 1964 or the Intermediate or the First Examination under the Chartered Accountants Regulations, 1949 (enforced at the relevant time) or was exempted from passing the First Examination under those regulations shall be admitted to the Final examination provided he has completed the practical training as is required for admission as a member on or before the last day of the month preceding the month in which the examination is held or has been serving the last six months of practical training‖.] 1 Inserted by Notification No.1-CA(7)/123/2008 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 3rd December, 2008.

2 Substituted for the words, ―as may be specified‖ by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 3 Substituted for the words ―Professional Competence Examination‖ by Notification No. 1- CA(7)/145/2012 published in Part III - Section 4 of the Gazette of India, Extraordinary, 4 The word ―and‖ omitted by Notification No. 1-CA(7)/145/2012 published in Part‖ III,

Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012. held1[or has been serving the last six months of practical training under regulation 50 on the first day of the month in which the examination is held]:

1[(iii) he produces a certificate to the effect that he has undergone a study course for such period, as on the first day of the month in which examination is held, in such manner as may be decided by the Council from time to time; and

(iv) completed the Advanced Course on Information Technology Training under these regulations for such period and in such manner as may be decided by the Council, from time to time] 2[Provided that a candidate who has passed Professional Education (Examination-II) and has completed the practical training as required for admission as a member on or before the last day of the 1 Inserted by Notification No. 1-CA(7)/145/2012 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012.

2 The following proviso and sub-regulation (2) were substituted by Notification No.1- CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017:

A[Provided that a candidate who has passed Professional Education (Examination-II) under the syllabus as decided by the Council under sub-regulation (5) of regulation 28B and has completed the practical training as is required for admission as a member on or before the last day of the month preceding the month in which the examination is held or has been serving the last twelve months of practical training including excess leave, if any, on the first day of the month in which the examination is held and has completed the said study course and Advanced Course on Information Technology Training, shall be admitted to the Final Examination.]

(2) Notwithstanding anything contained in sub-regulation (1) above, a candidate who has passed the Professional Competence Examination from out of the category of candidates covered under second proviso to sub-regulation (1) of regulation 28C or Integrated Professional Competence Examination B[or Intermediate (Integrated Professional Competence) Examination] under the syllabus as may be specified by the Council under sub-regulation (3) of regulation 28E or the Intermediate Examination under these Regulations or Intermediate Examination under the Chartered Accountants Regulations, 1964 or the Intermediate or the first examination under the Chartered Accountants Regulations, 1949, or was exempted from passing the first examination under those regulations shall be admitted to the Final examination provided he has completed the practical training as is required for admission as a member on or before the last day of the month preceding the month in which the examination is held or has been serving the last six months of practical training including excess leave, if any on the first day of the month in whichthe examination is held C[and has completed the aforesaid study course and Advanced Course on Information Technology Training].

ASubstituted, for the following, by Notification No. 1-CA(7)/145/2012 published in Part‖ III,

Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012 ―PROVIDED that a candidate who has passed Professional Education (Examination II) under the syllabus as specified by the Council under sub-regulation (5) of regulation 28B and has completed the practical training as is required for admission as a member on or before the last day of the month preceding the month in which the examination is held or has been serving the last twelve months of practical training including excess leave, if any, on the first day of the month in which the examination is held, shall be admitted to the Final BInserted by Notification No. 1-CA(7)/145/2012 published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012.

CInserted by Notification No. 1-CA(7)/145/2012 published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012.

month preceding the month in which the examination is held or has been serving the last twelve months of practical training including excess leave, if any, on the first day of the month in which the examination is held and has completed the study course and Advanced Course on Information Technology Training referred to in clause (iii) and (iv) or such other Course by whatever name called, shall be admitted to the Final Examination.

(2) Notwithstanding anything contained in sub-regulation (1), a candidate who has passed the Professional Competence Examination or Integrated Professional Competence Examination or Intermediate (Integrated Professional Competence) Examination under the syllabus approved by the Council under sub-regulation (3) of regulation 28E or the erstwhile Intermediate Examination or Intermediate Examination under the Chartered Accountants Regulations, 1964 or the Intermediate or the first examination under the Chartered Accountants Regulations, 1949, or was exempted from passing the first examination under those regulations shall be admitted to the Final examination provided that he has completed the practical training required for admission as a member on or before the last day of the month preceding the month in which the examination is held or has been serving the last six months of practical training including excess leave, if any on the first day of the month in which the examination is held and has completed the aforesaid study course and Advanced Course on Information Technology Training or such other Course by whatever name called.] Explanation — In computing the aforesaid period of six or twelve months, leave taken in excess of 1[one-seventh]of the actual period served subject to a 1[maximum of 156 days], as may be determined by the Council, shall be regarded as the period required to be served under articled or audit service, as the case may be.] 2[29D. Admission to Final Examination [Applicable to candidates appearing in Final Examination under the syllabus approved by the Council under clauses (ii), (iii) and

(iv) of regulation 31]

(1) No candidate shall be admitted to the Final Examination unless he - 1 The words, ―one-sixth‖ and the words and figures, ―maximum of 180 days‖ were substituted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017 2 Inserted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017

(i) is registered for the Final Course and has passed the Intermediate Examination held under these regulations; and

(ii) has completed the practical training as required for admission as a member on or before the last day of the month preceding the month in which the examination is held or has been serving the last six months of practical training, including excess leave, if any, under regulation 50 on the first day of the month in which the examination is held; and

(iii) has successfully completed advanced Integrated Course on Information Technology and Soft Skills;

and

(iv) has complied with such other requirements in such manner as may be specified by the Council from time to time.

(2) Notwithstanding anything contained in sub-regulation (1), a candidate who has passed the Professional Education (Examination–II) or the Professional Competence Examination or the Integrated Professional Competence Examination or the Intermediate (Professional Competence) Examination or Intermediate (Integrated Professional Competence) Examination or the erstwhile Intermediate Examination held under these Regulations or Intermediate Examination under the Chartered Accountants Regulations, 1964 or the Intermediate or the first examination under the Chartered Accountants Regulations, 1949, or was exempted from passing the first examination under those regulations shall be admitted to the Final examination provided that he has completed the practical training as required for admission as a member or has been serving the last six months of practical training, including excess leave, if any, under regulation 50 on the first day of the month in which the examination is held and has complied with other provisions of these regulations.

Explanation. - A candidate who has been admitted to the Final Examination before coming into force of these regulations shall be required to complete the Advanced Integrated Course on Information Technology and Soft Skills under regulation 51E, for becoming eligible for admission to Final Examination.]

30. Admission fee for the Final Examination A candidate for admission to all the groups or only one group of the Final examination shall pay such fee as may be fixed by the Council 1[from time to time which shall not exceed ten thousand rupees]. 2[31. Syllabus for the Final Examination A candidate for the final examination shall be examined, - 3[(i)] Omitted.

(ii) as per the syllabus 4[approved]by the Council from time to time after introduction of 5[Intermediate (Professional Competence) Examination.] 1 Substituted for the words, ―from time to time‖ by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2 Substituted, for the following, by Notification No.1-CA(7)/92/2006 published in Part III -

Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006: A ―[31.Syllabus for the Final Examination

(1) A candidate for the final examination shall be examined in the groups and subjects prescribed in paragraph 3A of Schedule 'B'.

(2) Notwithstanding anything contained in these Regulations, the Council may, at any time after introduction of Professional Education (Course-II), discontinue holding the Final Examination under paragraph 3A of Schedule 'B' and require the candidates to pass the Final examination as per the syllabus as may be specified by the Council.] ASubstituted, for the following, by Notification No.I-CA(7)/51/2000 published in the Gazette of India, Extraordinary, dated 17th August, 2001:

―31 Syllabus for the Final Examination

(1) A candidate for the Final Examination shall be examined in the groups and subjects prescribed in paragraph 3 of schedule 'B'.

(2) Notwithstanding anything contained in these regulations, the Council, may, at any time after introduction of the Foundation Course, discontinue holding the Final examination as per the syllabus given in paragraph 3 of Schedule' B' and require the candidates to pass the Final examination as per the syllabus given in paragraph 3A of Schedule 'B‘.‖ AEarlier substituted for the following by Ntfn. No. 1-CA(7)/19/92 published in the Gazette of India dated 7th March, 1992:— ―31. Syllabus for the Final Examination.

(1) A candidate for the Final Examination shall be examined in groups and subjects prescribed in paragraph 3 of Schedule 'B'.‖ 3 The following clause (i) was omitted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: ―(i) as per the syllabus specified by the Council after introduction of Professional Education (Course- 4 Substituted for the word, ―specified‖ by Notification No. 1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017 5 Substituted for the words ―Professional Competence Examination‖ by Notification No. 1- CA(7)/145/2012 published in Part III - Section 4 of the Gazette of India, Extraordinary, 1[(iii) as per the syllabus 2[approved]by the Council from time to time after commencement of enrolment to3[Intermediate (Integrated Professional Competence) Course.] 4[(iv) as per the syllabus approved by the Council from time to time after commencement of enrolment to Intermediate Course under regulation 28F.]

32. Application for Admission to an Examination An application for admission to 5[an examination shall be made online electronically or in the form approved by the Council], a copy of which may be obtained from the Secretary, and, together with the fee fixed for the examination, shall be sent so as to reach the Secretary in accordance with the directions given by the Council.

33. Right to refuse admission to Examination

(1) The Examination Committee or a person authorised by it in this behalf may, for any sufficient reason to be recorded, refuse to admit a candidate to an examination or admit him to an examination subject to such conditions as it or he may consider to be reasonable in the circumstances of the case or may for any sufficient reason to be recorded, refuse a candidate admission to an examination hall or expel him from an examination hall, after he has been admitted to it in the usual course.

(2) Any order passed by the Examination Committee or the person authorised by it, may be reviewed by the Examination Committee. 6[34. Refund of Fees 1 Inserted by Notification No.1-CA(7)/123/2008 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 3rd December, 2008.

Substituted for the word, ―specified‖ by Notification No. 1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017. 3 Substituted for the words ―Integrated Professional Competence Course‖ by Notification

No. 1-CA(7)/145/2012 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012.

4 Inserted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017.

5 Substituted for the words, ―an examination shall be made in the form approved by the Council‖ by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017.

6 Substituted for the following by Notification.No.1-CA(7)/11/90 published in the Gazette of India dated 19th January, 1991:

―34. Refund of fees The fee paid by a candidate who has been admitted to an examination, shall not be refunded under any circumstances.] 1[35. Candidates to be provided with Admit Card An admit card stating the place, dates and time at which the candidate may present himself for an examination shall be made available online electronically to each candidate not less than fourteen days before the commencement of the examination.] 2[36.] Omitted 3[36A. Requirement for passing Common Proficiency Test (Contd. from previous page)

(1) The fee paid by a candidate who has been admitted to an examination, shall not except as otherwise provided in sub-regulation (2) be refunded.

(2) Where a candidate intimates to the Council, within 15 days of the last day of the examination that he was prevented from attending the examination on account of circumstances beyond his control, the Council may permit fifty per cent of the fee paid by such candidate to be refunded to him.‖ 1 Substituted for the following by Notification No.1-CA(7)/178/2016 published in Part III –

Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017:

35. Candidates to be supplied with admission tickets An admission ticket stating the place, dates and times at which the candidate may present himself for an examination shall be sent to each candidate to the address given by him in his application not less than twenty-one days before the commencement of the examination. 2 The following was omitted by Notification No.1-CA(7)/178/2016 published in Part III –

Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: A[36. Requirement for passing the Foundation and the Professional Education (Examination-I)

(1) A candidate for the Foundation Examination shall ordinarily be declared to have passed the examination if he obtains at one sitting minimum of 40 per cent marks in each paper and a minimum of 50 per cent of the total marks of all the papers.

(2) A candidate for the Professional Education (Examination-I) shall ordinarily be declared to have passed the examination if he obtains at one sitting a minimum of 40 per cent marks in each paper and a minimum of 50 per cent of the total marks of all the papers.] ASubstituted, for the following, by Notification No.1-CA(7)/51/2000 published in the Gazette of India, Extraordinary, dated 17th August, 2001:

A―36. Requirement for passing the Entrance Examination and the Foundation Examination

(1) A candidate for the Entrance examination shall ordinarily be declared to have passed in the examination if he obtains at one sitting a minimum of 40 per cent marks in each paper and minimum of 50 per cent of the total marks of all the papers.

(2) A candidate for the Foundation Examination shall be declared ordinarily to have passed the examination if he obtains at one sitting a minimum of 40 per cent marks in each paper and minimum of 50 per cent of the total marks of all the papers.] AEarlier substituted, for the following, by Notification No. 1-CA(7)/I9/92 published in the Gazette of India dated 7th March. 1992:

―36. Requirement for passing the Entrance Examination A candidate for the Entrance examination shall ordinarily be declared to have passed in the examination if he obtains at one sitting a minimum of 40 percent marks in each paper and a minimum of 50 per cent of the total marks of all the papers.‖ 3 Substituted for the following by Notification No. 1-CA(7)/145/2012 published in Part III -

Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012 which was originally inserted by Notification No.1-CA(7)/92/2006 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006. A candidate for the Common Proficiency Test shall ordinarily be declared to have passed the test if he obtains at one sitting a minimum of thirty per cent. marks in each section and a minimum of fifty per cent. marks in the aggregate of all the sections, subject to the principle of negative marking, in such manner as may be determined by the Council, from time to time.

Explanation.- For the removal of doubt, it is hereby declared that the provisions of this regulation shall apply to a Common Proficiency Test held on or after the commencement of the Chartered Accountants (Amendment) Regulations, 2012.] 1[36B. Requirement for passing the Foundation Examination

(1) A candidate for the Foundation Examination shall ordinarily be declared to have passed the examination if he obtains at one sitting a minimum of forty per cent. marks in each paper and a minimum of fifty per cent. marks in the aggregate of all the papers.

(2) The Council may adopt the criteria of negative marking in a paper or papers having objective type questions in such manner as may be specified by it from time to time.] 2[37.] Omitted (Contd. from previous page) ―Requirement for Passing the Common Proficiency Test A candidate for the Common Proficiency Test shall ordinarily be declared to have passed the test if he obtains a minimum of 50 percent marks, subject to the principle of negative marking, in a manner as may be specified by the Council from time to time‖ 1 Inserted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017 2 The following Regulation was omitted by Notification No.1-CA(7)/92/2006 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006: A"37. Requirements for passing the Intermediate Examination

(1) A candidate shall ordinarily be declared to have passed the Intermediate examination if he passes in both the groups and he may appear in both the groups simultaneously or in one group in one examination and in the remaining group at any subsequent examination.

(2) A candidate shall be declared to have passed in both the groups simultaneously if he secures at one sitting a minimum of 40 per cent marks in each paper of both the groups and a minimum of 50 per cent marks in the aggregate of all the papers of both the groups taken together.

(3) A candidate shall be declared to have passed in a group if he secures at one sitting a minimum of 40 per cent marks in each paper of the group and a minimum of 50 per cent marks in the aggregate of all the papers of that group.

(4) A candidate who has passed in any one but not in both the groups of the Intermediate examination held under the scheme of examinations prior to the commencement of the examination under the syllabus given in paragraph 2A of Schedule 'B' of these Regulations, shall be entitled to the exemption from appearing in the papers, specified in the following tables and he shall be declared to have passed the Intermediate examination if he secures at one sitting a minimum of 40 per cent marks in each of remaining papers and a minimum of 50 per cent marks in the aggregate of all such remaining papers put together: PROVIDED a candidate who is exempted from appearing in five papers will be declared to have passed in the said examination if he secures a minimum of 50 per cent marks in the remaining paper. (Contd. from previous page) TABLE `A‘ Papers of the Intermediate examination passed under Schedule `B‘ to the Chartered Accountants Regulations, 1964 Exemption to which the candidate is entitled at any Intermediate examination under the syllabus given in paragraph 2A of Schedule `B‘ to the Chartered Accountants Regulations, 1988 Group I Paper 1: Accounting Paper 1: Advanced Accounting (Group I) Paper 2: Accounting Paper 1: Advanced Accounting (Group I) Paper 3: Auditing Paper 2: Auditing (Group I) Group II Paper 4: Cost Accounts & Statistics Paper 4: Cost Accounting (Group II) Paper 5: Mercantile Law & Company Law Paper 3: Corporate and Other Laws (Group I) Paper 6: General Commercial Knowledge Nil TABLE `B‘ Papers of the Intermediate examination passed under Schedule `BB‘ to the Chartered Accountants Regulations, 1964 or under paragraph 2 of Schedule `B‘ to the Chartered Accountants Regulations, 1988 Exemption to which the candidate is entitled at any Intermediate examination under the syllabus given in paragraph 2A of Schedule `B‘ to the Chartered Accountants Regulations, 1988 Group I Paper 1: Accounting Paper 1: Advanced Accounting (Group I) Paper 2A: Company Accounts Paper 2B: Elements of Income Tax Paper 5: Income Tax and Central Sales Tax (Group II) Paper 3: Cost Accounting Paper 4: Auditing Paper 4: Cost Accounting (Group II) Paper 2: Auditing (Group I) Group II Paper 5: Mercantile Law, Company Law and Industrial Law Paper 3: Corporate and Other Laws (Group I) Paper 6: Business Mathematics and Statistics Nil Paper 7: Organisation and Management and Economics Paper 6: Organisation& Management and Fundamentals of Electronic data

(5) A candidate who has passed in any one but not in both the groups of the Intermediate examination held under the Chartered Accountants Regulations, 1988 shall continue to be governed by the provisions of these Regulations till the commencement of Intermediate examination to be held under paragraph 2A of Schedule 'B' to these Regulations.‖ ASubstituted for the following by Notification No.1-CA(7)/19/92 published in the Gazette of India dated 7th March, 1992:

―37. Requirements for passing the Intermediate Examination

(1) A candidate for the Intermediate Examination shall ordinarily be declared to have passed the examination if:—

(a) he is declared to have passed in both the groups taken simultaneously, securing at one sitting a minimum of 40 per cent marks in each paper of the group and a minimum of 50 per cent of the total marks of all the papers of each group; or

(b) he is declared to have passed in one group at one examination and in the remaining group at any subsequent examination, securing at one sitting, a minimum of 40 per cent marks in each paper of the group and a minimum of 50 per cent of the total marks of all the papers of that group; or

(c) he is declared to have passed in both the groups taken simultaneously, securing a minimum of 40 per cent marks in each paper of both the groups at the same examination and a minimum of 50 per cent of the total marks of both the groups taken together.

(2) Notwithstanding anything contained in clauses (a) and (b) of sub-regulation (1) above, a candidate who fails in one paper comprised in a group but secures a minimum of 60 per cent of the total marks of the remaining papers of the group, shall be declared to have passed in that group if he appears at any one or more of the immediately next three following examinations in the paper in which he had failed and secures a minimum of 40 per cent marks in that paper.

(3) Notwithstanding anything contained in clauses (a) and (b) of sub-regulation (1) above, a candidate not covered by sub-regulation (2) who fails in one or more papers comprised in a group but secures a minimum of 60 per cent marks in any paper or papers of that group and a minimum of 30 per cent marks in each of the remaining papers of that group, shall be eligible to appear at any one or more of the immediately next three following examinations in the paper or papers in which he had secured less than 60 per cent marks and shall be declared to have passed in that group if he secures at one attempt a minimum of 40 per cent marks in each of such papers and a minimum of 50 per cent of the total marks of all the papers of that group, including the paper or papers in which he secured a minimum of 60 per cent marks in the earlier examination referred to 1[37A.] Omitted (Contd. from previous page) 1 The following Regulation was omitted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: A[37A. Requirements for passing the Professional Education (Examination-II)

(1) A candidate shall ordinarily be declared to have passed the Professional Education (Examination-II) if he passes in both the groups. He may, either appear in both the groups simultaneously or in one group in one examination and in the other group at any subsequent examination.

(2) A candidate shall ordinarily be declared to have passed in both the groups simultaneously, if he –

(a) secures at one sitting a minimum of 40 percent marks in each paper of each of the groups and a minimum of 50 percent marks in the aggregate of all the papers of each of the groups; or

(b) secures at one sitting a minimum of 40 percent marks in each paper of both the groups and a minimum of 50 percent marks in the aggregate of all the papers of both the groups taken together.

(3) A candidate shall be declared to have passed in a group if he secures at one attempt a minimum of 40 percent marks in each paper of the group and a minimum of 50 percent marks in the aggregate of all the papers of that group.

(4) A candidate who has passed in any one but not in both the groups of the Intermediate examination held under Schedule `B' or Schedule `BB' to the Chartered Accountants Regulations, 1964 or under paragraph 2 of Schedule `B' to the Chartered Accountants Regulations, 1988 and has subsequently appeared or required to appear as unit candidate under para 2A of Schedule `B' to that regulations, but has not passed the respective unit, shall be entitled to appear in their respective unit till the commencement of the examination as per syllabus specified by the Council. Thereafter, the entitlement to appear as a `unit' candidate shall cease and such candidates shall be required to appear in all the papers of both the groups to pass the Professional Education (Examination-II) as per syllabus as may be specified by the Council, if they wish to pursue the course.

Explanation — The expression 'unit' referred to above is a set of papers in which a candidate who has passed in any one but not in both the groups of Intermediate examination prior to the commencement of examination under the syllabus specified in para 2A of Schedule 'B' to the Chartered Accountants Regulations, 1988, is required to appear and pass.

(5) The Council may, frame guidelines for granting exemption in a group or paper(s) to a candidate who has passed one of the groups under para 2A of Schedule `B' to the Chartered Accountants Regulations, 1988 or under any other syllabus subsequently specified by the Council, in the new syllabus specified by it. Such candidates shall be required to secure a minimum of 40 per cent marks in a paper and a minimum of 50 percent marks in the aggregate of such paper/group to pass the examination:

Provided that any subsequent changes in the said guidelines shall have prior approval of the Central Government.

(6) The Council may, frame guidelines to continue to grant exemption in a paper(s) to a candidate, granted earlier under the erstwhile syllabus for the unexpired chance or chances of the exemption in the corresponding paper or papers for the paper/s in which he had secured exemption if the corresponding paper exists in the new syllabus as may be specified by the Council and will be appearing in the corresponding paper for the paper in which he had failed and shall be declared to have passed the examination if he secures at one sitting a minimum of 40 per cent marks in the corresponding paper for the paper in which he had failed and a minimum of 50 per cent marks in the aggregate of all the papers of the groups including the marks of the paper in which he had earlier been granted exemption by the Council: Provided that any subsequent changes in the said guidelines shall have prior approval of the Central Government:

Provided further that a candidate who had appeared as a unit candidate under syllabus as given in para 2A of Schedule 'B' to the Chartered Accountants Regulations, 1988 and had earlier been granted exemption by the Council, shall be entitled to avail the unexpired chance(s) of the exemption till the commencement of the examination under the syllabus as may be specified by the Council. If such a candidate fails to pass the unit to which he belongs, before the commencement of the examination as per syllabus specified by the Council, the unavailed 1[37B.] Omitted (Contd. from previous page) chance(s) of exemption shall thereafter automatically lapse consequent upon the discontinuation of the unit scheme of examination.

(7) Notwithstanding anything contained in sub-regulations (1) to (6), a candidate who fails in one or more papers comprised in a group but secures a minimum of 60 percent of the marks in any paper or papers of that group shall be eligible to appear at any one or more of the immediately next three following examinations in the paper or papers in which he secured less than 60 percent marks and shall be declared to have passed in that group if he secures at one sitting a minimum of 40 percent marks in each of such papers and a minimum of 50 percent of the total marks of all the papers of that group including the paper or papers in which he had secured a minimum of 60 percent marks in the earlier examination referred to above if he was present in all the papers of that group and has already exhausted earlier exemption, if any, granted to him in that group.] AInserted by Notification No.1-CA(7)/51/2000 published in the Gazette of India, 1 The following Regulation was omitted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: A[37B.Requirements for Passing theB[Intermediate (Professional Competence) Examination]

(1) A candidate may appear in both the groups simultaneously or in one group in one examination and in the remaining group at any subsequent examination and shall ordinarily be declared to have passed the B[Intermediate (Professional Competence) Examination] if he passes in both the groups.

(2) A candidate shall ordinarily be declared to have passed in both the groups simultaneously, if he -

(a) secures at one sitting a minimum of 40 percent marks in each paper of each of the groups and minimum of 50 percent marks in the aggregate of all the papers of each of the groups; or

(b) secures at one sitting a minimum of 40 percent marks in each paper of both the groups and a minimum of 50 percent marks in the aggregate of all the papers of both the groups taken together.

(3) A candidate shall be declared to have passed in a group if he secures at one sitting a minimum of 40 percent marks in each paper of the group and a minimum of 50 percent marks in the aggregate of all the papers of that group.

(4) A candidate who has passed in any one but not in both the groups either of the Professional Education (Examination-II) under the syllabus as specified by the Council under sub-regulation

(5) of regulation 28B effective from October 2001, the Examination for which commenced from November, 2002 or of the Intermediate Examination as per syllabus under paragraph 2A of Schedule ‗B‘ to the Chartered Accountants Regulations, 1988 shall be eligible for exemption in that particular group and shall be required to appear and pass in the remaining group in order to pass the B[Intermediate (Professional Competence) Examination].

(5) The Council may frame guidelines to continue to award exemption in a paper(s) to a candidate, granted earlier under the syllabus as specified under sub-regulation (5) of regulation 28B for the unexpired chance or chances of the exemption in the corresponding paper or paper(s) for the paper or papers in which he had secured exemption if the corresponding paper(s) exists in the new syllabus as may be specified by the Council. On appearing in the examination of the corresponding paper(s) for the papers in which he had failed, he shall be declared to have passed the examination if he secures at one sitting a minimum of 40 percent marks in the corresponding paper(s) for the paper(s) in which he had failed earlier and a minimum of 50 per cent marks in the aggregate of all the papers of the group including the marks of the paper(s) in which he had earlier been granted exemption by the Council.

(6) Notwithstanding anything contained in sub-regulations (1) to (5), a candidate who fails in one or more papers comprised in a group but secures a minimum of 60 per cent of the marks in any paper or papers of that group shall be eligible to appear at any one or more of the immediately next three following examinations in the paper or papers in which he secured less than 60 per cent marks. He shall be declared to have passed in that group if he secures at one sitting a minimum of 40 per cent marks in each of such papers and a minimum of 50 per cent of the total marks of all the papers of that group including the paper or papers in which he had secured a 1[37C. Requirements for passing 2[Intermediate (Integrated Professional Competence) Examination] [Applicable to candidates appearing in 2[Intermediate (Integrated Professional Competence) Examination] under the syllabus 3[approved]by the Council under sub-regulation (3) of regulation 28E]

(1) A candidate may appear in Group I or Group II level(s), separately or simultaneously or in a Unit comprising of a set of papers of Group-I

(2) A candidate, other than a candidate who has opted for Accounting Technician level, shall ordinarily be declared to have passed the 2[Intermediate (Integrated Professional Competence) Examination], if he – 4[(a)] Omitted

(b) passes in both Group I and Group II levels.

(3) A candidate, who has opted for the Accounting Technician level, shall be declared to have passed in that level, if he -

(a) passes in Group I level;

(b) completes the Orientation Course for such period and in such manner and within such time as may be specified by the Council from time to time; and (Contd. from previous page) minimum of 60 per cent marks in the earlier examination referred to above. He shall not be eligible for any further exemption in the remaining paper(s) of that group until he has exhausted the exemption already granted to him in that group.] AInserted by Notification No.1-CA(7)/92/2006 published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 13thSeptember, 2006.

BSubstituted for the words ―Professional Competence Examination‖ by Notification No. 1- CA(7)/145/2012 published in Part‖ III, Section 4 of the Gazette of India, Extraordinary, dated 1stAugust, 2012.

1 Inserted by Notification No.1-CA(7)/123/2008 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 3rd December, 2008.

2 Substituted for the words ―Integrated Professional Competence Examination‖ by Notification No. 1-CA(7)/145/2012 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012.

3 Substituted for the words, ―as may be specified‖ by Notification No.10CA97)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, The following Clause (a) was omitted by Notification No. 1-CA(7)/145/2012 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012 “(a)‖ Completes the Orientation Course for such period and in such manner and within such time as may be specified by the Council from time to time; and‖

(c) completes the practical work experience in accounting and related fields for a period not less than twelve months in such manner as may be specified by the Council from time to time. 1[Provided that a candidate, who has passed either the Intermediate (Professional Competence) Examination or Professional (Education II) or erstwhile Intermediate Examination under these regulations or the Chartered Accountants Regulations, 1964 or Intermediate or the first examination under the Chartered Accountants Regulations, 1949 or was exempted from passing the first examination under that regulation and has completed the prescribed period of practical training required for admission as a member, shall be eligible for grant of Accounting Technician Certificate on making an application to this effect and on compliance with such other conditions as may be specified by the Council from time to time.]

(4) A candidate shall ordinarily be declared to have passed in both the groups simultaneously, if he –

(a) secures at one sitting a minimum of 40 per cent. marks in each paper of each of the groups, viz., Group I and Group II levels, and minimum of 50 per cent. marks in the aggregate of all the papers of each of the groups; or

(b) secures at one sitting a minimum of 40 per cent. marks in each paper of both the groups, viz., Group I and Group II levels, and a minimum of 50 per cent. marks in the aggregate of all the papers of both the groups taken together.

(5) A candidate shall be declared to have passed in Group-I level or Group II level or unit, as the case may be, if he secures at one sitting a minimum of 40 percent marks in each paper of the group/unit and a minimum of 50 percent marks in the aggregate of all the papers of that group/unit.

Substituted for the following by Notification No.1-CA(7)/178/2016 published in Part III –

Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: Provided that a candidate, who has passed either the A[Intermediate (Professional Competence) Examination] under the syllabus as per sub-regulation (3) of Regulation 28C or Professional (Education-II) under the syllabus as per sub-regulation (5) of Regulation 28B of these regulations or Intermediate Examination under these regulations or the Chartered Accountants Regulations, 1964 or Intermediate or the first examination under the Chartered Accountants Regulations, 1949 or was exempted from passing the first examination under that regulation and has completed the prescribed period of practical training as was required for admission as a member, shall be eligible for grant of Accounting Technician Certificate on making an application to this effect and on compliance with such other conditions as may be specified by the Council from time to time. ASubstituted for the words ―Professional Competence Examination‖ by Notification No. 1- CA(7)/145/2012 published in Part‖ III, Section 4 of the Gazette of India, Extraordinary, 1[(6) A candidate, who has passed in any one but not in both the groups either of the Intermediate (Professional Competence) Examinationor Professional Education (Examination-II) effective from October, 2001, the examination for which commenced from November, 2002 or of the erstwhile Intermediate Examination shall be eligible for exemption in the corresponding paper or papers for the unexpired chance or chances, if the corresponding paper or papers exists in the new syllabus approved by the Council.‖] 2[(7) The Council may frame guidelines to continue to award exemption in a paper or papers to a candidate, granted earlier in the Professional Education (Examination-II) or in the Intermediate (Professional Competence) Examination for the unexpired chance or chances of the exemption in the corresponding paper or papers, as may be specified by the Council, in which he has secured exemption if the corresponding paper or papers exists in the new syllabus approved by the Council. On appearing in the examination of the corresponding paper or papers in which he had failed, he shall be declared to have passed the examination if he secures at one sitting a minimum of forty percent. 1 Substituted for the following by Notification No.1-CA(7)/178/2016 published in Part III –

Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: ―(6) A candidate, who has passed in any one but not in both the groups either of the A[Intermediate (Professional Competence) Examination]under the syllabus as specified by the Council under sub-regulation (3) of the regulation 28C or Professional Education (Examination-II) under the syllabus as specified by the Council under sub-regulation (5) of regulation 28B effective from October, 2001, the examination for which commenced from November, 2002 or of the Intermediate Examination as per syllabus under paragraph 2A of Schedule `B‘ to the Chartered Accountants Regulations, 1988, shall be eligible for exemption in the corresponding paper or papers, if the corresponding paper(s) exists in the new syllabus as may be specified by the A Substituted for the words ―Professional Competence Examination‖ by Notification No. 1-CA(7)/145/2012 published in Part‖ III, Section 4 of the Gazette of India, Extraordinary, dated 1stAugust, 2012. 2 Substituted for the following by Notification No.1-CA(7)/178/2016 published in Part III –

Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: ―(7) The Council may frame guidelines to continue to award exemption in a paper or papers to a candidate, granted earlier in the Professional Education (Examination-II) under the syllabus as specified by the Council under the syllabus as specified by sub-regulation (5) of regulation 28B or in the A[Intermediate (Professional Competence) Examination]under the syllabus as specified by sub-regulation (3) of regulation 28C for the unexpired chance or chances of the exemption in the corresponding paper or papers, as may be specified by the Council, in which he has secured exemption if the corresponding paper exists or papers exists in the new syllabus as may be specified by the Council. On appearing in the examination of the corresponding paper or papers in which he had failed, he shall be declared to have passed the examination if he secures at one sitting a minimum of 40 percent marks in the corresponding paper or papers in which he had failed earlier and a minimum of 50 percent marks in the aggregate of all the papers of the group including the marks of the paper or papers in which he had earlier been granted exemption by the Council.‖ A Substituted for the words ―Professional Competence Examination‖ by Notification No. 1-CA(7)/145/2012 published in Part‖ III, Section 4 of the Gazette of India, Extraordinary, dated 1stAugust, 2012. marksin the corresponding paper or papers in which he had failed earlier and a minimum of fifty percent. marks in the aggregate of all the papers of the group including the marks of the paper or papers in which he had earlier been granted exemption by the Council.]

(8) Notwithstanding anything contained in sub-regulations (1) to (5) above, a candidate who has appeared in all the papers comprised in a group/unit and fails in one or more papers comprised in a group but secures a minimum of 60 per cent. of the marks in any paper or papers of that group shall be eligible to appear at any one or more of the immediately next three following examinations in the paper or papers in which he secured less than 60 percent marks. He shall be declared to have passed in that group/unit if he secures at one sitting a minimum of 40 percent marks in each of such papers and a minimum of 50 percent of the total marks of all papers of that group/unit including the paper or papers in which he had secured a minimum of 60 percent marks in the earlier examination referred to above. He shall not be eligible for any further exemption in the remaining paper(s) of that group/unit until he has exhausted the exemption already granted to him in that group/unit.] 1[37D. Requirements for passing the Intermediate Examination

(1) A candidate may appear in Group I or Group II level, separately or simultaneously or in a Unit comprising of a set of papers of

(2) A candidate, other than a candidate who has opted for Accounting Technician level, shall ordinarily be declared to have passed the Intermediate Examination, if he passes in both Group I and Group II levels.

(3) A candidate, who has opted for the Accounting Technician level, shall be declared to have passed in that level, if he -

(a) passes in Group I; and

(b) successfully completes Integrated Course on Information Technology and Soft Skills under regulation 51D; and

(c) completes the practical work experience in accounting and related fields for a period not less 1 Inserted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017.

than twelve months in such manner as may be specified by the Council from time to time:

Provided that a candidate, who has passed either the Intermediate (Integrated Professional Competence) Examination or Integrated Professional Competence Examination or Intermediate (Professional Competence) Examination or Professional Competence Examination or Professional Education-II Examination or erstwhile Intermediate Examination under these regulations or the Chartered Accountants Regulations, 1964 or Intermediate or the first examination under the Chartered Accountants Regulations, 1949 or was exempted from passing the first examination under that regulation and has completed the prescribed period of practical training as required for admission as a member, shall be eligible for grant of Accounting Technician Certificate on making an application to this effect and on compliance with such other conditions as may be specified by the Council from time to time.

(4) A candidate shall ordinarily be declared to have passed in both the groups simultaneously, if he –

(a) secures at one sitting a minimum of forty per cent. marks in each paper of each of the groups, viz., Group I and Group II levels, and minimum of fifty per cent. marks in the aggregate of all the papers of each of the groups; or

(b) secures at one sitting a minimum of forty per cent. marks in each paper of both the groups, viz., Group I and Group II levels, and a minimum of fifty per cent. marks in the aggregate of all the papers of both the groups taken together.

(5) A candidate shall be declared to have passed in GroupI level or Group-II level or Unit, as the case may be, if he secures at one sitting a minimum of forty percent. marks in each paper of the group or unit and a minimum of fifty percent. marks in the aggregate of all the papers of that Group or Unit.

(6) A candidate, who has passed in any one but not in both the groups either of the Intermediate (Integrated Professional Competence) Examination or Integrated Professional Competence Examination under the syllabus approved by the Council under sub- regulation (3) of regulation 28E or Intermediate (Professional Competence) Examination or Professional Education (Examination-II) effective from October, 2001, the examination for which commenced from November, 2002 or of the erstwhile Intermediate Examination, shall be eligible for exemption in the corresponding paper or papers for the unexpired chance or chances, if the corresponding paper or papers exists in the new syllabus approved by the Council.

(7) The Council may frame guidelines to continue to award exemption in a paper or papers to a candidate, granted earlier in the Intermediate (Integrated Professional Competence) Examination under the syllabus approved by the Council under sub-regulation (3) of regulation 28E for the unexpired chance or chances of the exemption in the corresponding paper or papers, as may be specified by the Council, in which he has secured exemption if the corresponding paper or papers exists in the new syllabus approved by the Council under sub-regulation

(4) of regulation 28G. On appearing in the examination of the corresponding paper or papers in which he had failed, he shall be declared to have passed the examination if he secures at one sitting a minimum of forty percent. marks in the corresponding paper or papers in which he had failed earlier and a minimum of fifty percent. marks in the aggregate of all the papers of the group including the marks of the paper or papers in which he had earlier been granted exemption by the Council.

(8) Notwithstanding anything contained in sub-regulations (1) to (5), a candidate who has appeared in all the papers comprised in a Group or Unit and fails in one or more papers comprised in a Group but secures a minimum of sixty per cent. marks in any paper or papers of that Group shall be eligible to appear at any one or more of the next three following examinations in the paper or papers in which he secured less than sixty percent. marks. He shall be declared to have passed in that Group or Unit if he secures at one sitting a minimum of forty percent. marks in each of such papers and a minimum of fifty percent. of the total marks of all papers of that Group or Unit including the paper or papers in which he had secured a minimum of sixty percent. marks in the earlier examination referred to above. He shall not be eligible for any further exemption in the remaining paper or papers of that Group or Unit until he has exhausted the exemption already granted to him in that Group or Unit.] 2[38A.] Omitted 1 The following Regulation was omitted by Notification No.1-CA(7)/92/2006 published in Part III -

Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006: [For omitted Regulation 38, please see footnote at the end of this Chapter] 2 The following Regulation was omitted by Notification No.1-CA(7)/178/2016 published in Part III –

Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: (Contd. from previous page) ―[38A.Requirements for passing the Final Examination [Applicable to candidates appearing in Final Examination under the syllabus as may be specified by the Council B[under regulation 31(i)]] (1)A candidate shall ordinarily be declared to have passed the Final Examination if he passes in both the groups. He may, either appear in both the groups simultaneously or in one group in one examination and in the other group at any subsequent examination. (2)A candidate shall ordinarily be declared to have passed in both the groups simultaneously, if he - (a)secures at one sitting a minimum of 40 percent marks in each paper of each of the groups and a minimum of 50 percent marks in the aggregate of all the papers of each of the groups; or (b)secures at one sitting a minimum of 40 percent marks in each paper of both the groups and a minimum of 50 percent marks in the aggregate of all the papers of both the groups taken together. (3)A candidate shall be declared to have passed in a group if he secures at one sitting a minimum of 40 percent marks in each paper of the group and a minimum of 50 percent marks in the aggregate of all the papers of that group.

(4)A candidate who has passed in any one but not in all the groups of the Final examination held under Schedule `B' to the Chartered Accountants Regulations, 1964 or under Schedule `BB' to that regulations (prior to 1st January, 1985 under three groups system) and has subsequently appeared or required to appear as unit candidate under para 3A of Schedule `B' to the Chartered Accountants Regulations, 1988, but has not passed the respective unit, shall be entitled to appearin the respective unit till the commencement of the examination as per syllabus as may be specified by the Council. Thereafter, the entitlement to appear as a `unit‘ candidate shall cease and such candidates shall be required to appear in all the papers of both the groups to pass the Final Examination as per syllabus as may be specified by the Council, if they wish to pursue the course.

Explanation — The expression 'unit' referred to above is a set of papers in which a candidate who has passed in any one or more but not in all the groups of Final examination prior to the commencement of examinations under the syllabus specified in para 3A of Schedule `B' to the Chartered Accountants Regulations, 1988, is required to appear and pass. (5)The Council may, frame guidelines for granting exemption in a group or paper(s) to a candidate who has passed one of the groups under para 3A of Schedule `B' to the Chartered Accountants Regulations, 1988 or under any other syllabus subsequently specified by the Council, in the new syllabus specified by it. Such candidates shall be required to secure a minimum of 40 percent marks in a paper and a minimum of 50 percent marks in the aggregate of such paper/group to pass the examination:

Provided that any subsequent changes in the said guidelines shall have prior approval of the Central Government.

(6)The Council may, frame guidelines to continue to grant exemption in a paper(s) to a candidate, granted earlier under the erstwhile syllabus for the unexpired chance or chances of the exemption in the corresponding paper or papers for the paper/s in which he had secured exemption if the corresponding paper exists in the new syllabus as may be specified by the Council and will be appearing in the corresponding paper for the paper in which he had failed and shall be declared to have passed the examination if he secures at one sitting a minimum of 40 percent marks in the corresponding paper for the paper in which he had failed and a minimum of 50 percent marks in the aggregate of all the papers of the groups including the marks of the paper in which he had earlier been granted exemption by the Council: Provided that any subsequent changes in the said guidelines shall have prior approval of the Central Government:

Provided further that a candidate who had appeared as a unit candidate under syllabus as given in para 3A of Schedule 'B' to the Chartered Accountants Regulations, 1988 and had earlier been granted exemption by the Council, shall be entitled to avail the unexpired chance(s) of the exemption till the commencement of the examination under the syllabus as may be specified by the Council. If such a candidate fails to pass the unit to which he belongs, before the commencement of the examination as per syllabus specified by the Council, the unavailed chance(s) of exemption shall thereafter automatically lapse consequent upon the discontinuation of the unit scheme of examination.

(7)Notwithstanding anything contained in sub-regulations (1) to (6), a candidate who fails in one or more papers comprised in a group but secures a minimum of 60 percent of the marks in any paper or papers of that group shall be eligible to appear at any one or more of the immediately next three following examinations in the paper or papers in which he had secured less than 60 percent marks and shall be declared to have passed in that group if he secures at one attempt a 1[38B. Requirements for Passing the Final Examination [Applicable to candidates appearing in Final Examination under the syllabus 2[approved]by the Council under regulation 31(ii)]

(1) A candidate may, appear in both the groups simultaneously or in one group in one examination and in the remaining group at any subsequent examination and shall ordinarily be declared to have passed the Final Examination if he passes in both the groups.

(2) A candidate shall ordinarily be declared to have passed in both the groups simultaneously, if he –

(i) secures at one sitting a minimum of 40 per cent marks in each paper of each of the groups and minimum of 50 per cent marks in the aggregate of all the papers of each of the groups; or

(ii) secures at one sitting a minimum of 40 per cent marks in each paper of both the groups and a minimum of 50 per cent marks in the aggregate of all the papers of both the groups taken together.

(3) A candidate shall be declared to have passed in a group if he secures at one sitting a minimum of 40 per cent marks in each paper of the group and a minimum of 50 per cent marks in the aggregate of all the papers of that group.

(4) A candidate who has passed in any one but not in both the groups of the Final Examination either under the syllabus 3[approved]by the Council under clause (i) of regulation 31 effective from (Contd. from previous page) minimum of 40 percent marks in each of such paper or papers and a minimum of 50 percent of the total marks of all the papers of that group including the paper or papers in which he had secured a minimum of 60 percent marks in the earlier examination referred to above, if he was present in all the papers of that group and has already exhausted earlier exemption, if any, granted to him in that group.] AInserted by Notification No.1-CA(7)/51/2000 published in the Gazette of India, Extraordinary, BInserted by Notification No.1-CA(7)/92/2006 published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006.

1 Inserted by Notification No.1-CA(7)/92/2006 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006. 2 Substituted for the words, ―as may be specified‖ by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 3 Substituted for the words, ―as specified‖ by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017. October, 2001, the examination, for which commenced from November, 2002 or of the Final Examination as per syllabus under paragraph 3 or 3A of Schedule ‗B‘ to the Chartered Accountants Regulations, 1988 or paragraph 3 of Schedule `BB‘ to the Chartered Accountants Regulations, 1964 (two groups scheme after January1,1985) enforced at the relevant time shall be eligible for exemption in that particular group and shall be required to appear and pass in the remaining group in order to pass the Final Examination.

(5) The Council may frame guidelines to continue to award exemption in a paper(s) to a candidate, granted earlier under the syllabus 1[approved]under clause (i) of regulation 31 for the unexpired chance or chances of the exemption in the corresponding paper or papers for the paper or papers in which he had secured exemption if the corresponding paper exists in the new syllabus 1[approved]by the Council. On appearing in the examination of the corresponding paper(s) for the paper(s) in which he had failed, he shall be declared to have passed the examination if he secures at one sitting a minimum of 40 percent marks in the corresponding paper(s) for the paper(s) in which he had failed earlier and a minimum of 50 percent marks in the aggregate of all the papers of the group including the marks of the paper(s) in which he had earlier been granted exemption by the Council.

(6) Notwithstanding anything contained in sub-regulations (1) to (5) above, a candidate who fails in one or more papers comprised in a group but secures a minimum of 60 per cent of the marks in any paper or papers of that group shall be eligible to appear at any one or more of the immediately next three following examinations in the paper or papers in which he secured less than 60 per cent marks. He shall be declared to have passed in that group if he secures at one sitting a minimum of 40 per cent marks in each of such papers and a minimum of 50 per cent of the total marks of all the papers of that group including the paper or papers in which he had secured a minimum of 60 per cent marks in the earlier examination referred to above. He shall not be eligible for any further exemption in the remaining papers of that group until he had exhausted the exemption already granted to him in that group.] 2[38C. Requirements for Passing the Final Examination [Applicable to candidates appearing in Final Examination under the syllabus 1[approved]by the Council under regulation 31(ii) and (iii)] Substituted for the words, ―as may be specified‖ by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, Inserted by Notification No.1-CA(7)/123/2008 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 3rd December, 2008.

(1) A candidate may appear in both the groups simultaneously or in one group in one examination and the remaining group at any subsequent examination and shall ordinarily be declared to have passed the Final Examination if he passes in both the groups.

(2) A candidate shall ordinarily be declared to have passed in both the groups simultaneously, if he –

(a) secures at one sitting a minimum of 40 percent marks in each paper of each of the groups and minimum of 50 percent marks in the aggregate of all the papers of each of the groups; or

(b) secures at one sitting a minimum of 40 percent marks in each paper of both the groups and a minimum of 50 percent marks in the aggregate of all the papers of both the groups taken together.

(3) A candidate shall be declared to have passed in a group if he secures at one sitting a minimum of 40 percent marks in each paper of the group and a minimum of 50 percent marks in the aggregate of all the papers of that group.

(4) A candidate who has passed in any one but not in both the groups of the Final Examination under the syllabus 1[approved]by the Council under items (i) and (ii) of regulation 31 or of the Final Examination as per syllabus under paragraph 3 or 3A of Schedule `B‘ to the Chartered Accountants Regulations, 1988 or paragraph 3 of Schedule ‗BB‘ to the Chartered Accountants Regulations, 1964 (two groups scheme after January 1, 1985) enforced at the relevant time shall be eligible for exemption in that particular group and shall be required to appear and pass in the remaining group in order to pass the Final Examination.

(5) The Council may frame guidelines to continue to award exemption in a paper or papers to a candidate, granted earlier under the syllabus 1[approved]under items (i) and (ii) of regulation 31 for the unexpired chance or chances of the exemption in the corresponding paper or papers for the paper or papers in which he had secured exemption, if the corresponding paper or papers exists in the new syllabus of the Final Examination 2[approved]by the Council. On appearing in the examination 1 Substituted for the words, ―as specified‖ by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017 2 Substituted for the words, ―as may be specified‖ by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, of the corresponding papers or papers for the paper or papers in which he had failed, he shall be declared to have passed the examination if he secures at one sitting a minimum of 40 percent in the corresponding paper or papers for the paper or papers in which he had failed earlier and a minimum of 50 percent marks in the aggregate of all the papers of the group including the marks of the paper or papers in which he had earlier been granted exemption by the Council.

(6) Notwithstanding anything contained in sub-regulations (1) to (5) above, a candidate who has appeared in all the papers comprised in a group and fails in one or more papers comprised in a group but secures a minimum of 60 percent of the marks in any paper or papers of that group shall be eligible to appear at any one or more of the immediately next three following examinations in the paper or papers in which he secured less than 60 percent marks. He shall be declared to have passed in that group if he secures at one sitting a minimum of 40 per cent marks in each of such papers and a minimum of 50 per cent of the total marks of all papers of that group including the paper or papers in which he had secured a minimum of 60 percent marks in the earlier examination referred to above. He shall not be eligible for any further exemption in the remaining paper(s) of that group until he has exhausted the exemption already granted to him in that group.] 1[38D. Requirements for passing the Final Examination [Applicable to candidates appearing in Final Examination under the syllabus approved by the Council under clauses (ii), (iii) and (iv) of regulation 31]

(1) A candidate may appear in both the groups simultaneously or in one group in one examination and the remaining group at any subsequent examination and shall ordinarily be declared to have passed the Final Examination if he passes in both the groups.

(2) A candidate shall ordinarily be declared to have passed in both the groups simultaneously, if he –

(a) secures at one sitting a minimum of forty percent.

marks in each paper of each of the groups and minimum of fifty percent. marks in the aggregate of all the papers of each of the groups; or 1 Inserted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017.

(b) secures at one sitting a minimum of forty percent.

marks in each paper of both the groups and a minimum of fifty percent. marks in the aggregate of all the papers of both the groups taken together.

(3) A candidate shall be declared to have passed in a group if he secures at one sitting a minimum of forty percent. marks in each paper of the group and a minimum of fifty percent. marks in the aggregate of all the papers of that group.

(4) A candidate who has passed in any one but not in both the groups of the Final Examination under the syllabus approved by the Council under clauses (i), (ii) and (iii) of regulation 31 or of the Final Examination as per the syllabus under paragraph 3 or 3A of Schedule `B‘ to the Chartered Accountants Regulations, 1988 or paragraph 3 of Schedule ‗BB‘ to the Chartered Accountants Regulations, 1964 (two groups scheme after January 1, 1985) enforced at the relevant time shall be eligible for exemption in that particular group and shall be required to appear and pass in the remaining group in order to pass the Final Examination.

(5) The Council may frame guidelines to continue to award exemption in a paper or papers to a candidate, granted earlier under the syllabus approved under clauses (i), (ii) and (iii) of regulation 31 for the unexpired chance or chances of the exemption in the corresponding paper or papers for the paper or papers in which he had secured exemption, if the corresponding paper or papers exist in the new syllabus of the Final Examination approved by the Council under clause (iv) of regulation 31. On appearing in the examination of the corresponding paper or papers for the paper or papers in which he had failed, he shall be declared to have passed the examination, if he secures at one sitting a minimum of forty percent. in the corresponding paper or papers for the paper or papers in which he had failed earlier and a minimum of fifty percent. marks in the aggregate of all the papers of the group including the marks of the paper or papers in which he had earlier been granted exemption by the Council.

(6) Notwithstanding anything contained in sub-regulations (1) to (5), a candidate who has appeared in all the papers comprised in a group and fails in one or more papers comprised in a group but secures a minimum of sixty percent. of the marks in any paper or papers of that group shall be eligible to appear at any one or more of the immediately next three following examinations in the paper or papers in which he secured less than sixty percent. marks. He shall be declared to have passed in that group, if he secures at one sitting a minimum of forty per cent. marks in each of such papers and a minimum of fifty per cent. of the total marks of all papers of that group including the paper or papers in which he had secured a minimum of sixty percent. marks in the earlier examination referred to above. He shall not be eligible for any further exemption in the remaining paper or papers of that group until he has exhausted the exemption already granted to him in that group]

39. Examination results

(1) 1[(a) The result of each examination along with the names of the candidates shall be made available on the website of the Institute]

(b) The names of candidates obtaining distinction in the examination shall be indicated in the 2[result].

(c) Every candidate shall be individually informed of his result.

(2) The Council may, in its discretion, revise the marks obtained by all candidates or a section of candidates in any particular paper or papers or in the aggregate in such manner as may be considered necessary, for maintaining the standards of pass percentage provided in these Regulations.

Explanation — The term ―section‖ used in this sub-regulation refers to the category of the candidates whose answer papers are valued by an examiner and such other category of candidates as may be specified by the Council.

(3) A candidate who passes at one sitting an examination with seventy per cent of the total marks for all the papers for that examination shall be considered to have passed the examination with distinction.

Explanation — For the purpose of reckoning the seventy per cent marks mentioned in this sub-regulation, any fractions of half or more shall be rounded upto the next whole number.

1 Substituted, for the following, by Notification No.1-CA(7)/178/2016 published in Part III –

Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: ―(a) A list of candidates declared successful at each examination shall be published‖ 2 Substituted for the word, ―list‖ by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017

(4) 1[(i) Information as to whether a candidate‘s answers in any particular paper or papers of any examination have been examined and marked shall be supplied to the candidate on his submitting within a month of the declaration of the result of the said examination, an application, accompanied by a fee as may be fixed by the Council which shall not exceed rupees five hundred in any case.]

(ii) The fee shall be only for verifying whether the candidate's answers in any particular paper or papers have been examined and marked, and not for the re-examination of the answers.

(iii) The marks obtained by a candidate in individual questions or in sections of a paper shall not be supplied.

(iv) If as a result of such verification, it is discovered that there has been either an omission to examine or mark any answer or answers or there has been a mistake in the totalling of the marks, the fee for verification shall be refunded in full to the candidate.

2[Explanation. – For the removal of doubt, it is clarified that re- examination of answers shall not be permitted under any circumstances.]

(5) Every candidate shall be furnished free with a statement of marks obtained by him in the papers in which he has appeared in the examination:

1 Substituted, for the following, by Notification No.1-CA(7)/92/2006 published in Part III -

Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006: ―(i) Information as to whether a candidate's answers in any particular paper or papers of any examination have been examined and marked shall be supplied to the candidate on his submitting within a month of the declaration of the result of the said examination, an application, accompanied by a fee of A[twenty rupees] per paper subject to a maximum of B[fifty A&BSubstituted for the words "ten rupees" and "thirty rupees" respectively by Notification No.1- CA(7)/11/90 published in the Gazette of India dated 19th January, 1991. 2 Inserted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017.

1[Provided that if a request for a duplicate statement of marks secured by a candidate at any examination is received after the expiry of two months from the date of the declaration of the result of the examination, the statement shall be furnished on payment of a fee as may be fixed by the Council which shall not exceed rupees one hundred in any case.]

(6) Notwithstanding that a candidate has obtained the minimum number of marks for passing an examination, the Examination Committee may, after giving an opportunity to the candidate of being heard, for reasons to be recorded in writing, refuse to declare him to have passed the examination.

(7) In any case where it is found that the result of an examination has been affected by error, malpractice, fraud, improper conduct or other matter, of whatever nature, the Council shall have the power to amend such result, in such manner as shall be in accordance with the true position and to make such declaration as the Council shall consider necessary in that behalf:

Provided that no such amendment shall be made which adversely affects a candidate, without giving him an opportunity of being heard: Provided further that in the event of an error not arising out of any act or default of a candidate, proceedings for amendment adversely affecting the candidate shall not be initiated after the expiry of a period of one month from the date of the declaration of result.

2[40. Examination Certificates 1 Substituted, for the following, by Notification No.1-CA(7)/92/2006 published in Part III -

Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006: ―Provided that if a request for the statement of marks secured by a candidate at any examination is received after the expiry of two months from the date of the declaration of the result of the examination, the statement shall be furnished on payment of a fee of two rupees for each paper subject to a maximum of ten rupees.‖ 2 Substituted, for the following, by Notification No.1-CA(7)/123/2008 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 3rd December, 2008: A―[40.Examination Certificates A candidate passing Professional Competence Examination and Final Examination shall be granted a certificate to that effect in the *form approved by the Council.]‖ AWas earlier substituted, for the following, by Notification No.1-CA(7)/92/2006 published in Part III - Section 4 of the Gazette of India, Extraordinary, dated 13th September, 2006: ―40. Examination Certificates A candidate passing an examination shall be granted a certificate to that effect in the 1[(1)] A candidate passing the 2[Intermediate (Integrated Professional Competence) Examination, Accounting Technician level, Intermediate Examination or Final Examination]shall be granted a certificate to that effect in the Form approved by the Council]. 3[Provided that the Council may refuse to grant such certificate to a candidate who has passed the final examination but has not complied with other provisions of these regulations which are required to be complied with for becoming a member of the Institute.

(2) A candidate passing the Special Examinations held under the Scheme as envisaged in the relevant Mutual Recognition Agreement or Memorandum of Understanding entered into with overseas accounting bodies, shall be granted, a certificate to that effect in the Form approved by the Council.]

41. Disciplinary action in connection with examination If a candidate is reported to have behaved in a disorderly manner in or near an examination hall or is reported to have resorted to or attempted to have resorted to unfair means 4[for the purpose of passing an examination, or supplies false information, the Examination Committee]may, on receipt of a report to that effect and after such investigation as it may deem necessary, take such disciplinary action as it may think fit, provided that an opportunity shall be given to the candidate of being heard before an order adverse to him is passed.

1 This regulation was numbered as sub-regulation (1) by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2 Substituted for the words, ―Professional Education (Examination-II), A[Intermediate (Professional Competence) Examination], B[Intermediate (Integrated Professional Competence) Examination], Accounting Technician level, or Final examination‖ by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017 ASubstituted, for the words ―Professional Competence Examination‖ by Notification No. 1- CA(7)/145/2012 published in Part‖ III, Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012.

BSubstituted, for the words ―Integrated Professional Competence Examination‖ by Notification No. 1-CA(7)/145/2012 published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 1st August, 2012.

3 Inserted by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017 4 Substituted, for the words, ―for the purpose of passing an examination, the Examination Committee‖ by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017 1[Explanation – Disciplinary action may include the cancellation of any examination result, or the cancellation of articles or debarring from appearance in one or more following examinations or all the above in relation to the candidate.] 2[42. Examiners The Examination Committee shall maintain a list of examiners for the purpose of the examinations under these regulations as approved by it.] 1 Substituted, for the following, by Notification No.1-CA(7)/178/2016 published in Part III –

Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: ―Explanation — Disciplinary action may include the cancellation of any examination result, or the cancellation of articles or both in relation to the candidate.‖ 2 Substituted for the following Regulation by Notification No.1-CA(7)/178/2016 published in Part III – Section 4 of the Gazette of India, Extraordinary dated 25th May, 2017: ―42. Examiners The Council shall in consultation with the Examination Committee, maintain a list of approved examiners for the purpose of the examinations under these Regulations.‖ (Contd. From previous page) A―38.Requirements for passing the Final examination

(1) A candidate shall ordinarily be declared to have passed the Final Examination if he passes in both the groups. He may appear in both the groups simultaneously or in one group in one examination and in the remaining group at any subsequent examination. B(2) A candidate shall be declared to have passed in both the groups simultaneously if he—

(a) secures at one sitting, a minimum of 40 percent marks in each paper of each group and a minimum of 50 percent marks in the aggregate of all the papers of each group; or

(b) secures at one sitting, a minimum of 40 percent marks in each paper of both the groups and a minimum of 50 percent marks in the aggregate of all the papers of both the groups taken together.]

(3) A candidate shall be declared to have passed in a group if he secures at one sitting a minimum of 40 per cent marks in each paper of the group and a minimum of 50 per cent marks in the aggregate of all the papers of that group.

C(4) A candidate who has passed -

(i) in any one of the groups mentioned under Table 'C‘ given below; or

(ii) in any one or more but not in all the groups mentioned under Table 'D' given below; or

(iii) in any one of the groups mentioned under Table 'C and subsequently passed one or more

Provisions this regulation answers to

Read out of the instrument itself: an enabling provision is one it says it was made under, which is the power it rests on. The rest it names without resting on.

Other instruments under the same Act

All of the The Chartered Accountants Act, 1949