Aca to fca
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 May 2013
whether a CA in Job can become FCA???
24 May 2013
Yes he can. See the criteria from below link--
https://220.227.161.86/14459m_fellow.pdf
https://220.227.161.86/14459m_fellow.pdf
13 July 2013
4. Adm ission as a Fellow M em ber
[Section 5(3) Regulation 5(3)]
An associate member is eligible for admission as a fellow member if he satisfies the eligibility
conditions laid down under Section 5(3) of the Chartered Accountants Act 1949 and Regulation 5(3)
of the Chartered Accountants Regulations 1988.
Eligibility
An associate member will be admitted as a fellow member if he satisfies the following conditions:
(a) Continuous practice within India for a period of not less than 5 years
Or
(b) He has been an associate member for a continuous period of not less than 5 years and
has been in government service or is ordinarily holding or has 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 in :
(i) an educational institution approved by the Council; or
(ii) a private or government, industrial, commercial or trading undertaking having a
minimum paid-up capital of Rs. 25 lakhs or a minimum turnover of Rs.50 lakhs or a
minimum paid-up capital of Rs. 10 lakhs and a minimum turnover of Rs.30 lakhs or a
minimum total assets of Rs.50 lakhs;
(iii) employed under a statutory authority; or
(iv) employed under a local authority having within its jurisdiction a population of not less than 5
lakhs during each of the five years of his service.
(c) Continuous service for a period of not less than 5 years as a full-time paid assistant under a
practising Chartered Accountant or in a firm of such Chartered Accountants.
Note:
A member either partly in practice and partly in service, holding one or more posts mentioned above
is also eligible for admission as fellow
[Section 5(3) Regulation 5(3)]
An associate member is eligible for admission as a fellow member if he satisfies the eligibility
conditions laid down under Section 5(3) of the Chartered Accountants Act 1949 and Regulation 5(3)
of the Chartered Accountants Regulations 1988.
Eligibility
An associate member will be admitted as a fellow member if he satisfies the following conditions:
(a) Continuous practice within India for a period of not less than 5 years
Or
(b) He has been an associate member for a continuous period of not less than 5 years and
has been in government service or is ordinarily holding or has 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 in :
(i) an educational institution approved by the Council; or
(ii) a private or government, industrial, commercial or trading undertaking having a
minimum paid-up capital of Rs. 25 lakhs or a minimum turnover of Rs.50 lakhs or a
minimum paid-up capital of Rs. 10 lakhs and a minimum turnover of Rs.30 lakhs or a
minimum total assets of Rs.50 lakhs;
(iii) employed under a statutory authority; or
(iv) employed under a local authority having within its jurisdiction a population of not less than 5
lakhs during each of the five years of his service.
(c) Continuous service for a period of not less than 5 years as a full-time paid assistant under a
practising Chartered Accountant or in a firm of such Chartered Accountants.
Note:
A member either partly in practice and partly in service, holding one or more posts mentioned above
is also eligible for admission as fellow
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