Admission to Final Course under
New Scheme of Education and Training |
After passing the Professional Education (Examination -II), candidates are eligible for registration as articled clerks/Audit Clerks for practical training and for admission to the Final course of the Chartered Accountancy. The Articled Clerk is a trainee attached to a practising Chartered Accountant under a Deed of Articles for the duration of the training, namely, three years. An Audit clerk is a person who has served as a salaried employee for a minimum period of one year under a Practising chartered Accountant or a firm of Chartered Accountants in practices, on a monthly remuneration not below Rs. 1,500 per month in cities with a population of one million and above and Rs. 1,000 p.m. in other places. Such a person is provided with an opportunity of becoming a Chartered Accountant by registering himself as an Audit Clerk for practical training under the concerned Chartered Accountant or the firm of Chartered Accountants in practice wherein the Chartered Accountant is a partner. A slightly longer period of training, namely, 4 years, is prescribed in such a case.
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The Chartered Accountancy Course thus involves unique a blend of compulsory theoretical education and practical training which run concurrently for a period of three years. Theoretical knowledge is sought to be integrated and reinforced with practical training. |
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Eligiblity for admission to articleship : |
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is not less than 18 years of age on the date of commencement of articleship. |
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has passed the Professional Education (Examination -II), and |
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has successfully completed computer training programme as specified by the Council.
In addition, a candidate who has passed the Foundation examination will also be eligible for registration as an articled/audit clerk till a specified date ( 31st December, 2003 ). All such students will be required to pass Professional Education (Examination -II) during the practical training and will be entitled to appear in the Final Examination during last six months of practical training subject to other conditions. |
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A candidate who is eligible for admission to the Chartered Accountancy Course by qualifying in the Foundation/or otherwise by passing Professional Education (Examination-II) and by completing the computer training in the prescribed manner may, in the first instance, approach a Chartered Accountant in professional practice (who is entitled to train articled clerks) and work out an arrangement for training under him as an articled clerk. Once such an arrangement is worked out by a Deed of Articles; the articled clerk should approach the Institute with supporting documents for registration of his articles service and pay the prescribed registration, tuition and other fees as give below. Such registration with the Institute is compulsory whereupon the candidate also becomes the student of the Board of Studies of the Institute under its postal coaching scheme.
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In case he is registering as an articled clerk after passing Foundation Examination, he will be a student of Professional Education Course II and in case he is registering after passing Professional Education (Course II), he will be a student of Final Course under the new scheme. |
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Fees payable (w.e.f. 1st October, 2001 ) |
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Composite Fees |
Indian Students |
Foreign Student |
| Fee for enrolment for Final Course under the New Scheme |
Rs. 3250 |
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| Students registering as articled clerks after passing Professional Education Examination-II |
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| (a) Registration fee as articled/audit clerk |
Rs. 300 |
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| (b) Students' Association fee |
Rs. 50 |
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| (c) Registration fee with Board of Studies |
Rs. 50 |
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| (d) Tuition fee for Final Course |
Rs. 3650 |
$ 160 |
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Exemption from Payment of Registration and Tuition Fee |
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i. The following categories of candidates will be exempt from payment of registration/tuition fees for articleship and final course...
First 3 rank holders of Professional Education (Examination II)
First two rank holders of (10+2) examination conducted by any recognised body, first 3 rank holders of Graduation Examination, first 3 rank holders of Professional Education (Examination I), first 3 rank holders of examinations conducted by ICSI, ICWAI provided that they pass both the groups of PE Examination II in the first attempt (without reference to their eligibility to appear). |
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ii. Physically handicapped students who are suffering from a permanent physical disability (including blindness) which is certified by a physician, a surgeon or an oculist as the case may be, working in a Government hospital and which has the effect of reducing considerably such person's capacity for normal work, will be eligible for full exemption from payment of registration and tuition fee.
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The following shall be regarded as permanent physical disability... |
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i. A physical disability shall be regarded as a permanent physical disability if it falls in any one of the categories specified below, namely... |
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a. permanent physical disability of more than 50% in one limb, or
b. permanent physical disability of more than 60% in two or more limbs, or
c. permanent deafness with hearing impairment of 70 decibels and
above, or
d. permanent and total loss of voice. |
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ii. Blindness shall be regarded as a permanent physical disability, if it is incurable and falls in any one of the categories specified below, namely... |
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| Better Eye |
Worse Eye |
a. 6/60 - 1/60
or Field of Vision 110-20 |
3/60 to nil |
| b. 3/60 to 1/60
or Field of Vision 100 |
FC at 1 foot to NIL |
c. FC at 1 foot to NIL
or Field of Vision 100 |
FC at 1 foot to NIL
or Field of Vision 100 |
| d. Total Absence of Sight |
Total Absence of Sight |
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