friend,
the problem is that CA is not recognised as PG in many PSU and government offices. SO they say that minimum graduation is required.
Another serious issue is that if u want to go for any other international course , say CFE, CAMS, CISA.. if u read the qualifications eligible, it says like this " Graduation from any recognised university", further CFE recognises eligibility on points system. it gives 40 points for graduation from recognised university but for "professional courses like CA,CWA,CS " it gives 10 more points.. and you need 50 points to get eligibility...
so graduation is not important ..its neccesity .... particularly for students who want to go for jobs.... these are my findings... corrections and clarifications welcome...