Important Announcement for Chartered Accountancy CourseStudents
BoS/Announcement/227/11June23,2011
Sub:Period ofValidation ofRegistration in Chartered AccountancyCourse
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InordertostreamlinetheperiodofvalidityofregistrationforCommonProficiency Course (CPC),ProfessionalCompetenceCourse(PCC)/IntegratedProfessionalCompetence Course(IPCC) andFinallevelsofCharteredAccountancyCourse,theCouncilatits303rdMeetingheld on February 10-12,2011decided asunder:
CPT students:
·Initialregistration forCommon ProficiencyCourse (CPC) isvalid for 3 years.
·Revalidationofregistrationshallbedoneforfurtherperiodof3yearsbefore expiryofinitialregistration.Studentswhohavegottheirregistrationrevalidated withtheconcerned DecentralisedOfficesmayhavetheregistrationrevalidated every3 yearsafter the expiryof the earlierrevalidated period.
·Fee for revalidation isRs. 300/- for each revalidation.
·StudentsarerequiredtoensurebeforeapplyingforadmissiontoCPTexamination that they have valid registration.
ProfessionalCompetence Course (IPCC)isvalid for 4 years.
·Revalidationofregistrationshallbedoneforfurtherperiodof4yearsbefore expiryofinitialregistration.Studentswhohavegottheirregistrationrevalidated withtheconcerned DecentralisedOfficesmayhavetheregistrationrevalidated every4 yearsafter the expiryof the earlierrevalidated period.
·Fee for revalidation isRs. 400/- for each revalidation.
·Students are required to ensure before applying for admission to PCC/ IPCC
examinationthat theyvalid registration.
·PCCstudentswhohaveregisteredonorbefore31st October,2007arerequiredto revalidate their registration before applyingfor November, 2011PCC examination.
·StudentswhohaveregisteredinIntermediateorProfessionalEducation(Course-II) arerequiredtoswitchovertoIntegratedProfessionalCompetenceCourse(IPCC)in orderto continue their studies in charteredaccountancycourse.
Finalstudents:
·Initialregistration forFinalCourseisvalid for 5 years.
·Revalidationofregistrationshallbedoneforfurtherperiodof5yearsbefore expiryofinitialregistration.Studentswhohavegottheirregistrationrevalidated withtheconcerned DecentralisedOfficesmayhavetheregistrationrevalidated every5 yearsafter the expiryof the earlierrevalidated period.
·Fee for revalidation isRs. 500/- for everyrevalidation.
·Students arerequired toensurebeforeapplyingforadmissiontoFinal examination that they have valid registration.
ItmaybenotedthatifastudentappearsintheCPTorPCC/IPCCorFinal examinationwithouthavingvalidregistration,heshallhavetopayapenalfeeof Rs.250/-(inadditiontotheprescribedrevalidationfeewithretrospectiveeffect) within 30 daysprior to thedateof declaration of results.
Candidates, whose period of initial registration has expired, may apply for revalidationby makinganapplicationonplainpaper,togetherwiththeprescribed feebywayofDemandDraft drawninfavourof“TheSecretary,TheInstituteof CharteredAccountantsofIndia,payableat Mumbai/Chennai/Kolkata/Kanpur/ Delhi” as the case may be and forward the same to the Decentralised Office concernedat Mumbai,Chennai, Kolkata, Kanpur and Delhi.
Theabovedecision of the Councilshall be applicable from November/ December, 2011examination onwards.
Director,Board ofStudies
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