Period of Validation of Registration of CA Students

BALASUBRAMANYA B N (CCI STUDENT....) (44679 Points)

18 January 2009

The Council considered the recommendations of the Executive Committee made at its 472nd meeting held on 21st March, 2008 on the proposal/suggestion of the Board of Studies for discontinuing the registration and introduction of a scheme of revalidation of registration of the CA students and decided as under so that name of students who are not pursuing the course after getting registered be stuck off the records:-

I. CPT: Students register themselves for CPT course and this registration is valid for indefinite period.

The registration for CPT Course will be valid for a period of 3 years from the date the student becomes eligible to appear in CPT exam for the first time or for the period so long the student continues to appear in the examination regularly whichever is later. Accordingly the registration of a student will continue to be valid as long as the student continues to appear in the CPT exam irrespective of the period involved which may be beyond three years. After expiry of the period of 3 years from the date the student became eligible to appear in CPT for the first time, his registration will lapse. However, the registration shall not lapse if such student has appeared in at least one of the last two examinations conducted just before the end of three years. The registration of such student shall however lapse in case he subsequently does not appear in two consecutive examinations.

A student whose registration gets lapsed will be eligible for re-registration. Such students will be required to re-register himself/herself by paying a nominal revalidation fee of Rs.500/-. Such re-registration will again be valid for a period of 3 years or for the period so long the student continues to appear in the examination regularly. After the expiry of 3 years from the date of re-registration, the re-registration will again lapse. However the re- registration shall not lapse if such student has appeared in at least one of the last two examinations conducted just before the end of three years. The registration of such student shall however lapse in case he subsequently does not appear in two consecutive examinations.

Such student will again be eligible to revalidate his/her registration by re-registering himself/herself and paying the aforesaid revalidation fee of Rs.500/-. There is no time limit for revalidation. The scheme of education in force at the time of revalidation shall be applicable to such students. This process of re-registration / revalidation shall continue in the same manner till further amendments. Revalidation can be done at any time before the due date of filling of examination forms.

II. PE-I: Students who have already registered themselves for PE-I are eligible for the five attempts and the last date of PE-I exam was November 2007. But if the student who did not qualify the exam till the scheme of appearing in PE-I was open, student may register afresh for CPT by paying the full registration fee of CPT at rate applicable at the time of migration to CPT.

Those students who have exhausted all the attempts will have to register afresh by paying full registration fees for CPT, i.e., Rs.3500/- applicable at present.

In case a student of PE-I has not exhausted all the attempts, the students may be permitted to convert into CPT by paying Rs.100/- towards the cost of prospectus and such students will be issued the study material of CPT free of cost.

III. PCC & PE-II: The registration for PCC/PE-II Course will be valid for a period of 5 years from the date of initial registration. Further the registration will continue to be valid as long as the student continues to appear in either or both groups of the PCC exam irrespective of the period involved which may be beyond five years. After expiry of the period of 5 years from the date the student initially registered himself/herself for PCC/PE-II course his registration will lapse except where such student has appeared in at least one of the last two examinations conducted just before the end of five years. The registration of such student shall however lapse in case he subsequently does not appear in two consecutive examinations.

A student whose registration gets lapsed will be eligible for re registration. Such students will be required to re-register himself/herself by paying a nominal revalidation fee of Rs.500/-. Such re-registration will again be valid for a period of 5 years or for the period so long the student continues to appear in the examination regularly whichever is later. After the expiry of 5 years from the date of re-registration the registration will again lapse. . The re- registration shall not lapse if such student has appeared in at least one of the last two examinations conducted just before the end of five years. The registration of such student shall however lapse in case he subsequently does not appear in two consecutive examinations.

Such student will again be eligible to revalidate his/her registration by re-registering himself/herself and paying the aforesaid revalidation fee of Rs.500/-.

There is no time limit for revalidation. The scheme of education in force at the time of revalidation shall be applicable to such students. Exemption(s) for group passed earlier or valid paper-wise exemption(s) would be governed by applicable Regulations at the relevant time. This process of re-registration / revalidation shall continue in the same manner till further amendments. Revalidation can be done at any time before the due date of filling of examination forms.

It may be further clarified that the above scheme shall be subject to the following in respect of PE-II students who have already registered themselves for PE-II are eligible for five attempts and the last such attempt of PE-II exam will be May 2008. But if the student who does not qualify the exam till the scheme of appearing in PE-II is open as above, student may register afresh for PCC by paying the full registration fee of PCC cum Articleship cum ITT at rate applicable at the time of migration to PCC.

Those students who have exhausted all the attempts will have to register afresh by paying full registration fees for PCC cum Articleship cum ITT, i.e., Rs.7,500/- applicable at present. But if the student has already been registered for articleship and / or ITT (earlier CCT), the student would not be required to register afresh for the same.

In case a student of PE-II has not exhausted all the attempts, student would be permitted to convert into PCC by paying the applicable fee.

IV. Final: At present, students register themselves for Final course and this registration is valid for indefinite period.

The registration for Final Course will be valid for a period of 5 years from the date of initial registration. Further, the registration will continue to be valid as long as the student continues to appear in either or both groups of the Final exam irrespective of the period involved which may be beyond five years. After expiry of the period of 5 years from the date the student initially registered himself/herself for Final course his registration will lapse except where such student has appeared in at least one of the last two examinations conducted just before the end of five years. The registration of such student shall however lapse in case he subsequently does not appear in two consecutive examinations.

Such student will again be eligible to revalidate his/her registration by re-registering himself/herself and paying the aforesaid revalidation fee of Rs.500/-.

It is hereby clarified that the above decision does not alter or modify the existing Regulation or any other notification so far the otherwise eligibility or exemption of the students or any restriction/obligation on the student is concerned. The above scheme is meant to take off the records the data of such students who have got registered for any course and are not interested in pursuing the course further.

The above decision of the Council will take effect from 1.4.2008.