NOTE: (05/08/2011) This Notification is currently on hold for time being, which means you need not go for re-validation even if the validation period is lapsed, this is for time being and may change in the near future.
As per the announcement made by Board of Studies of ICAI (Announcement no. : “BoS/Announcement/227/11″) it is mandatory for CA students to re validate their registration after specific periods. The details of the announcement (showing information relevant to students registered for PCC/IPCC Course) are as follows :
In order to streamline the period of validity of registration for Common Proficiency
Course (CPC), Professional Competence Course (PCC)/ Integrated Professional Competence Course (IPCC) and Final levels of Chartered Accountancy Course, the Council at its 303rd Meeting held on February 10-12, 2011 decided as under:
1. Initial registration for Professional Competence Course (PCC)/ Integrated
Professional Competence Course (IPCC) is valid for 4 years.
2. Revalidation of registration shall be done for further period of 4 years before
expiry of initial registration. Students who have got their registration revalidated
with the concerned Decentralised Offices may have the registration revalidated
every 4 years after the expiry of the earlier revalidated period.
3. Fee for revalidation is Rs. 400/- for each revalidation.
4. Students are required to ensure before applying for admission to PCC/ IPCC
examination that they have valid registration.
5. PCC students who have registered on or before 31st October, 2007 are required to
revalidate their registration before applying for November, 2011 PCC examination.
6. Students who have registered in Intermediate or Professional Education (Course-II)
are required to switchover to Integrated Professional Competence Course (IPCC) in
order to continue their studies in chartered accountancy course.
It may be noted that if a student appears in the PCC/IPCC examination without having valid registration, he shall have to pay a penal fee of Rs. 250/- (in addition to the prescribed revalidation fee with retrospective effect) within 30 days prior to the date of declaration of results.
Candidates, whose period of initial registration has expired, may apply for revalidation by making an application on plain paper, together with the prescribed fee by way of Demand Draft drawn in favour of “The Secretary, The Institute of Chartered Accountants of India, payable at Mumbai/ Chennai/ Kolkata/ Kanpur/Delhi” as the case may be and forward the same to the Decentralised Office concerned at Mumbai, Chennai, Kolkata, Kanpur and Delhi. The above decision of the Council shall be applicable from November, 2011 examination onwards.