Students will now be able to seek provisional admission to the foundation course of the Institute of Chartered Accountants of India (ICAI) after class 10 exams. This was announced by the director of the Board of Studies at ICAI. However, provisional admission to the foundation course will only be regularised once a candidate clears class 12 exams.

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.The new norms will enable students to become a Chartered Accountant (CA) six months before the present timeline.

“The Competent Authority has conveyed its approval on the ICAI proposal for amending the Regulations 25E, 25F & 28F of Chartered Accountants Regulations, 1988 which now enables the candidate to provisionally register in the Foundation Course of the Institute of Chartered Accountants of India (ICAI) after passing Class X examinations,” ICAI said.

The basic objective behind the proposal was to allow students to provisionally register in the foundation course after passing the class 10 examination, Atul Kumar Gupta, President, ICAI, told.

“This will help students to prepare for the foundation course while pursuing classes 11 and 12 and thus students would have ample time to update their knowledge and acquire requisite techniques to appear and pass CA foundation with flying colors. The ICAI also offers free online classes to students of the foundation which can be accessed anytime, anywhere,” Mr. Gupta added.

After appearing for the class 12 examination in February or March, students would then be eligible to take the foundation examination to be held in May or June.

Detailing the advantages of new entry requirements, Mr. Gupta said, “Students can provisionally register themselves for the CA Foundation course after passing class 10 examination hence providing them with more time for developing, understanding and preparing for the professional course”.

“Students will be able to complete four months study period while pursuing classes 11 and 12 and appear in foundation examination in the month of May or June immediately after appearing in class 12 examination. With the new norms, students will be able to complete the CA course and become Chartered Accountant, six months in advance, due to early admission,” he said.

Mean-while, With 54,044 new cases reported across the country on Tuesday, the coronavirus infection has now affected over 7.6 million people in India. As many as 717 deaths were reported in the last 24 hours, taking the toll to 1,15,914. Of the 76,51,108 cases, 7,40,090 cases are still active, while recoveries stand at 67,95,103.

On Monday, India recorded less than 50,000 new infections of novel coronavirus cases for the first time in nearly three months. The continuous decline in the number of new cases has meant that, after two and a half months, India has stopped reporting the highest number of cases in the world. For the last three days, the United States, which is in the midst of a resurgence, has reported more new infections than India. There is a resurgence of cases in several countries of Europe as well.