Dear Friends,

Web TV Portal: This Portal will contain video streaming of seminars, lectures and so on. The members and students will be able to login to the website register easily and then view the videos online. The main purpose of creating this online portal is to share with our members and students the experience of being virtually present in the seminar/programme/lectures. The portal will comprise both Static Web Module containing committee information, contact details, terms & conditions, privacy policy, and other static information, and General Public Module containing latest videos, images and event details about members and students. The portal will also have a discussion board and a forum.

• CPT Online Registrations: The students can register themselves 24*7 to CPT course using this online form which is also having the facility to pay course fee online using credit/debit cards/net banking of various banks. This will bring our students closer to the doorsteps of the ICAI, and other such forms will also be available online in due course. I request all of you to encourage students to use this online facility.
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• Website for the Practitioners and CA Firms: On this Website, Small and Medium Practitioners & CA Firms may create their websites as per the norms laid down by the Council. Thus, all the CA Firms shall be able to upload the details of their firms on the proposed website namely icai.org.in from their end and it shall also provide them an opportunity to reach out to the international practitioners.
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• Project Parivartan: ‘Beta’ version of the new ICAI website will be released. The main objective of this Beta release is to share the new perspective on how we perceive to capture your thoughts and transform the ICAI Web Portal into a truly members and students friendly one. We look forward to your valuable feedback on the same.
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• ICAI-Tax Suite Software: The software will assist the members in the areas of Income tax, TDS, Audit Reports, Project Report/CMA, Form Manager, Annual Information Return (AIR), Service Tax and Document Manager.
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• ICAI-ROC Software: The Software will assist in compliance with MCA-21 filings.

Now, let us have a look at the important developments and changes in profession that we have brought about nationally as well as internationally:

Initiatives for Students

Entry Requirement for CA Course:
Our members must be aware that, pursuant to a Council decision, a group under the convenership of my Central Council colleague CA. Abhijit Bandyopadhyay was constituted to review entry requirements for Chartered Accountancy course. I am happy to inform you that the Group placed its recommendations at the Council meeting recently for its consideration. The ICAI Council has decided that Commerce and non- Commerce graduates with 55 and 60 per cent marks respectively in aggregate should be exempted from Common Proficiency Test (CPT) and such students would be allowed direct entry to articleship training. It was also decided that candidates who have passed the intermediate level examination of ICWAI/ICSI are exempted from CPT and they will be allowed to join articleship training only after passing first group (Group I) of IPCC examination. Students who wish to pursue Accounting Technician Course of the Institute would also be exempted to appear in the CPT. The matter has been placed before the government for consideration and issuance of necessary notification in this regard.

Extension in IPCC Registration Deadline:
As the members are aware, the results of the CPT examination held on 19th June 2011, would be declared in July 2011. In terms of Regulation 28E, no candidate is admitted to the IPC Examination, inter alia, unless she/he undergoes a study course for a period of not less than nine months. Accordingly, candidates who achieve success in the CPT examination in June 2011 will be required to register themselves for the IPCC by 1st August, 2011. Thus, only a period of about 15 days would be available to the concerned persons provided the results of CPT in June are declared on 15th July without delay under any circumstances. Considering recent experiences in the past and provision of adequate time for registration, deadline for IPCC registration has been extended to 16th August, 2011.

Join CA Educational Loan Scheme:
This is to inform our student community that we have sent request to chief managing directors (CMDs) of public-sector banks for sanctioning a loan of Rs 2 lakh to CA students as educational loan under the Join CA Educational Loan scheme, when they approach any of such banks towards financial help for the completion of their CA education/training. In this regard, I am happy to acknowledge that the Bank of Maharashtra has informed us that education loan assistance is already available for CA course under priority sector lending at their branches and a similar response has been received from the Oriental Bank of Commerce also. Further, the IDBI bank has come out with an Education Loan Scheme specifically structured for the students pursuing CA Course.

Best wishes and a very joyous and eventful CA Day!

Uploaded by,

Rahul Kaushik

C.A. Final Student