CA Foundation Eligibility Criteria 2021
CA Foundation Eligibility Criteria 2021- The Institute of Chartered Accountants of India(ICAI) specifies eligibility criteria for CA foundation course. There is no specific maximum age limit for CA foundation entry. Candidates must comply with the specified CA foundation 2021 eligibility criteria to get admission into the Chartered Accountancy (CA) course. As per amendments in the CA regulations, candidates can get admission into Foundation course after passing their class 10th examinations through provisional route. However, candidates are eligible to sit for the CA foundation exam only after clearing their class 12th examinations. Candidates need to fulfil the CA Foundation Eligibility Criteria, register for the CA foundation course, complete their 4 month study period and they can sit for the CA foundation 2021. To find out important information regarding educational requirements and other eligibility criteria to appear for both sessions of the CA foundation 2021, read the complete article below.
CA Foundation Eligibility Criteria 2021 for Registration
No CA foundation age limit is prescribed for entry-level of the chartered accountancy course. However, to complete their CA Foundation registration, candidates must fulfil certain eligibility criteria. Recently, ICAI has made some provisions in 25E, 25F and 28 F of the CA regulations to allow provisional admission route to candidates after class Xth.
The CA foundation eligibility criteria are mentioned in detail below.
Passing Class Xth examination for Provisional registration
Candidates who have passed the Class 10th exams can get provision admission into the CA foundation course. Candidates must pass the class Xth examination regularised by the state government or central government or equivalent examination. The provision registration gets regularised when the candidate passes their class 12th exams.
Appeared in Class 12 for Regular registration
Candidates should have appeared for the class 12th examination by state or central government recognised educational boards. Such candidates will have to submit their boards admit card as proof.
Appeared in any other Equivalent Examination
Candidates should have appeared in any examination equivalent to class 12th recognized by the Central government.
After fulfilling these CA Foundation eligibility criteria, candidates are allowed to register with the Board of studies (BoS)
CA Foundation Eligibility Criteria 2021 for Examination
After fulfilling the criteria for admission into CA foundation course, it is also important to understand the eligibility criteria for appearing in the CA foundation exam 2021. This CA foundation eligibility is as per the regulation 25F.
Candidates must be registered with the Board of studies.
To become a CA student, candidates need to register with the ICAI BoS. The deadline to register with the BoS is January 1, 2021, for May session of exams and it is July 1, 2020, for November /December session of exams.
Complete the study period for CA foundation course.
As per the CA Foundation 2021 eligibility criteria, candidates must study for 4 months to sit for the exam. This is the reason why candidates need to register by January 1 for the May 2021 exams.
Passed class 12th or equivalent exams
Candidate must have passed the class 12th or equivalent examination and be registered with the BoS after appearing for class 12 or equivalent examinations. But, to appear for the CA Foundation exams, candidates must have passed the class 12th or equivalent exams from a state or central board of education.
CA Foundation Registration 2021
The first step to appearing for the CA foundation exam 2021 is registering for the CA foundation 2021. If the candidate fulfils the CA Foundation Eligibility Criteria, they are allowed to register with the Board of Studies (BoS) of Institute of Chartered Accountants of India (ICAI). The CA foundation registration dates will be notified by the institute. Candidates will have to submit personal as well as educational details. Candidates also need to upload soft copies of documents like mark sheets, admit card etc.
CA Foundation Eligibility Criteria 2021: Exemption
Some candidates are allowed to skip the CA foundation course and directly take entry into the CA intermediate course. This is a special category exemption provided to students with certain educational qualifications. The conditions required for the CA foundation exemption are given below.
Graduate in commerce with a minimum of 55%
Postgraduate in commerce with a minimum of 55%
Graduate in any other stream with a minimum of 60%
Postgraduate in any other stream with a minimum of 60%
The candidate who has qualified CS executive level from the Institute of Company Secretaries of India (ICSI)
The candidate who has qualified the CMA intermediate level from the Institute of Cost Accountants of India (ICMAI)
What are the Class 12th Examination Equivalent Boards?
The recognized boards for Class 12th examinations are given in the list below.
Board of Intermediate Education, Andhra Pradesh
Central Board of Secondary Education (CBSE)
Assam Higher Secondary Education Council
Bihar School Examination Board
Council for Indian School Certificate Examinations (CISCE)
Chhattisgarh Board of Secondary Education
Board of Immediate education, Andhra Pradesh
Government of Karnataka Department of Pre-University Education
Kerala Board of Higher Secondary Education
Maharashtra State Board of Secondary and Higher Education
Board of Secondary Education, Madhya Pradesh
Goa Board of Secondary and Higher Secondary Education
Gujarat Secondary & Higher Secondary Education
Board of School Education, Haryana
H. P. Board of School Education
J & K State Board of School Education
Jharkhand Academic Council
Council of Higher Secondary Education, Manipur
Meghalaya Board of School Education
Mizoram Board of School Education
Nagaland Board of School Education
Board of Secondary Education, Rajasthan
Tamil Nadu State Board of School Examinations
Tripura Board of Secondary Education
U. P. Board of High School and Intermediate Education
Board of School Education, Uttarakhand
West Bengal Council of Higher Secondary Education
Council of Higher Secondary Education, Orissa
Punjab School Education Board
Chhattisgarh State Open School
M.P. State Open School
National Institute of Open Schooling
Rajasthan State Open School
The West Bengal Council of Ravindra Open Schooling
Five Passes at the GCE O Level/GCSE/IGCSE in A, B or C grades and two passes at the GCE advanced level.
2 years of higher education or diploma course after qualifying the class 12th exam conducted by the Central or State Governments or have graduated or are admitted in a known recognised university.
Should have passed 12th from any university not mentioned above but recognized by the Association of Indian Universities (AIU)
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Frequently Asked Question (FAQs) - CA Foundation Eligibility Criteria 2021
Question: I am appearing for my Class 12th examinations. Can I register for the CA Foundation May 2021 exam?
You can register for the CA foundation course before appearing for the Class 12th exam but you must have passed the class 12th exam before appearing for the CA Foundation May 2021 exam.
Question: What should be the minimum aggregate in class 12th exam to appear for the CA foundation 2021?
Candidates should score a minimum aggregate of 50 % in class 12th to appear for CA foundation 2021.
Question: I have scored 55% marks in class 12th. Will I get an exemption from the CA foundation exam?
No, you should receive 55% as a graduate in commerce to receive an exemption from CA foundation 2021 exam.