ICAI announced a one-time relaxation for students registered till July 31.

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The Institute of Chartered Accountants of India has granted a relaxation for students who are provisionally enrolled in the ICAI CA Intermediate programme through the direct entry route through July 31, 2022, with the intention of taking the ICAI CA Intermediate test in May 2023. On the official website, icai.org, applicants can view the essential notice.

The most recent ICAI CA notice states that before filling out the examination form for the intermediate course in May 2023, “Students who have provisionally registered for Intermediate through Direct Entry route until 31st July 2022 are required to submit satisfactory proof of having passed the graduation examination with the minimum marks as provided in sub-regulation (4) of Regulation 28F.”

After finishing ICITSS, these candidates must begin their practical training on or before October 1, 2022, and they must then sit for the ICAI CA Inter test in May 2023. The ICAI further stated that the decision was made to “overcome difficulties being faced by the students who have provisionally registered in the Intermediate Course through Direct Entry Route on account of non-declaration of the result of the final year of the graduation,” adding that it is a one-time solution. The ICAI CA Foundation result for 2022 was announced on August 10. Only 23,629 of the 93,729 applicants that took the CA Foundation examinations in June 2022 passed them, or barely 25.28 percent.

Mayank Tewari

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