Fllowing are the FAQ relating to final registration from ICAI site.Please confirm from ICAI whether the same is applicable for old students or not.
Re-registration/Validation of Final Course
What is validation scheme?
The registration for Final Course will be valid for a period of 5 years from the date of
initial registration. Further, the registration will continue to be valid as long as the
student continues to appear in either or both groups of the Final exam irrespective of
the period involved which may be beyond five years. After expiry of the period of 5
years from the date the student initially registered himself/herself for Final course his
registration will lapse except where such student has appeared in at least one of the last
two examinations conducted just before the end of five years. The registration of such
student shall however lapse in case he subsequently does not appear in two consecutive
examinations.
What is the revalidation fee?
A student whose registration gets lapsed will be eligible for re-registration. Such a student
will be required to re-register himself/herself by paying a nominal revalidation fee of
Rs.500/-.
Where the revalidation fee is to be deposited and in which manner?
A student has to remit a sum of Rs.500/- by way of a demand draft drawn in favour of the
Secretary, The Institute of Chartered Accountants of India, payable at Chennai, Kolkata,
Kanpur, Kolkatta or Mumbai depending upon the place of the regional office where the
student was originally registered. A demand draft alongwith covering letter indicating
payment of revalidation charges may be sent to the regional heads.
Whether the study material of Final Course will be supplied free of cost to a
student who remits Rs.500/- towards the payment of revalidation charges?
No, such a student will be required to purchase the required study material.
Whether a student registered under old scheme can switch over to new
scheme of education and training, which was launched on 13 th September, 2006.
Yes, a student registered under old scheme can switch over to new scheme of education
and training by making a remittance of Rs.1100/- to the concerned decentralized regional
office. The study material for Final (New) Course will be provided without any further
payment.
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