THE CHARTERED ACCOUNTANTS REGULATIONS 1988

1 THE CHARTERED ACCOUNTANTS REGULATIONS , 1988 (Updated as on July 1, 2013) [Without Appendices] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) New Delhi The Institute of CHARTERED ACCOUNTANTS of India All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form, or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior permission, in writing from the publisher.

2 Revised Edition : July, 2013 Department/ : Council Affairs Committee ISBN : 978-81-8441-020-4 Published by : The Publication Department on behalf of The Institute of CHARTERED ACCOUNTANTS of India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi-110 002. Printed by : Sahitya Bhawan Publications, Hospital Road, Agra 282 003. July/2013/0,000 Copies (Revised) (i) C O N T E N T S Regulation No. Page No. CHAPTER I PRELIMINARY 1.

3 Short title and commencement 1 2. Interpretation 1 CHAPTER II MEMBERS 3. Register 5 3A. List of Members 5 4. Qualification of members 5 5. Application for membership 6 6. Fees 8 7. Refund of fee 8 8. Certificate of membership 8 9. Certificate of practice 9 10. Cancellation of a certificate of practice 9 11. Restoration of certificate of practice 10 12. Complaints and enquiries relating to misconduct of 11 members 13. Information relating to misconduct of members 14 14.

4 Time limit on entertaining complaint or information 14 15. Procedure in enquiry before the Disciplinary Committee 14 16. Report of the Disciplinary Committee 15 17. Procedure in a hearing before the Council 16 17A. Fee and procedure for investigation of a complaint 16 or information to be followed by the Director (Discipline), Disciplinary Directorate and procedure for inquiry by the Disciplinary Committee 18. Notification of removal 17 19. Restoration to membership 17 20. Notification of restoration 18 (ii) CHAPTER III EXAMINATIONS 21.

5 Omitted 21 22. Conduct of Examinations 21 23. Deleted 21 24. Omitted 21 25. Omitted 21 25A. Registration for Professional Education (Course-I) 21 25B.

6 Admission to the Professional Education 22 (Examination-I), Fees and Syllabus 25C. Registration for Common Proficiency Course 24 25D. Admission to Common Proficiency Test, Fee and 25 Syllabus 26. Omitted 26 27. Omitted 26 28. Omitted 26 28A.

7 Registration for Professional Education (Course-II) 26 28B. Admission to the Professional Education 28 (Examination-II), Fees and Syllabus 28C. Admission to Intermediate (Professional Competence) 29 Examination 28D. Enrolment for Intermediate (Integrated Professional 30 Competence) Course and Fees 28E. Admission to Intermediate (Integrated Professional 32 Competence) Examination, Fees and Syllabus 29. Admission to the Final Examination 33 29A. Admission to the Final Examination 34 29B. Admission to the Final examination 36 29C.

8 Admission to Final Examination 36 30. Admission fee for the Final Examination 38 31. Syllabus for the Final Examination 38 32. Application for admission to an Examination 39 33. Right to refuse admission to Examination 39 34. Refund of Fees 39 35. Candidates to be supplied with admission tickets 39 36. Requirement for passing the Foundation and the 39 Professional Education (Examination-I) (iii) 36A. Requirement for Passing the Common Proficiency Test 40 37. Omitted 40 37A.

9 Requirements for passing the Professional Education 40 (Examination-II) 37B. Requirements for Passing the Intermediate 43 (Professional Competence) Examination 37C. Requirements for passing Intermediate (Integrated 44 Professional Competence) Examination 38. Omitted 47 38A. Requirements for passing the Final Examination 47 38B. Requirements for Passing the Final Examination 50 38C.

10 Requirements for Passing the Final Examination 51 39. Examination results 53 40. Examination Certificates 55 41. Disciplinary action in connection with examination 55 42. Examiners 56 CHAPTER IV ARTICLED ASSISTANTS AND AUDIT ASSISTANTS A. ARTICLED ASSISTANTS 43. Engagement of Articled Assistants 77 44. Members not to engage articled assistants under the 79 bye-laws of any of the accountancy institutions or bodies outside India 45. Admission to articleship 80 46.