As per the ICAI Vice-president, the CA New Scheme will be applicable from Nov 2023 attempt if the MCA approves it before Feb 2023.
1. Register after Class 10th. 2. Registration Validity - 4 years. No Last Dates.
2 subjects are removed: Business Correspondence & Reporting and Business & Commercial Knowledge
Papers 1 & 5 are merged into Paper 1 (Advanced Accounting)
Papers 7 & 8 are merged into Paper 6
If you got an exemption in one paper, then it will be permanent for future attempts.
Duration - 3 to 2 years. Stipend - 100% increment. Leaves - 1/7th period to 24 Days.
ICAI added 4 self-paced modules that students have to study on their own & give online exams. Clear all the modules to register for Final exams.
Validity - 10 years. Students can revalidate their registration again after 10 years.
The number of subjects is reduced from 8 to 6. The exemption will be permanent for future attempts.
Students will now get the certificate of Business Accounting Associate. However, they must complete CA Inter exams, training, & 4 modules.