A Chartered Accountant is a member of the ICAI, who has the authority to certify the company’s financial accounts. Moreover, all ICAI members have to pay a fixed fee annually to continue their membership. Only CA, CS, and CMA have the right to audit the financial accounts in all private and government companies. Indeed, CA is a responsible position that plays a vital role in the account disputes and bankruptcy of the firm. That’s why ICAI decided certain CA eligibility criteria for admission in CA foundation.

After completing three levels of the course, you can become CA in India. You can work as cost accounting, tax management, audit, and consultant.

You have to clear the following three levels of the CA exam and three years of practical training for becoming a certified CA in India.

1. CA Foundation
2. Intermediate
3. Final

Foundation is the entry-level of the selection process in which ca aspirant are brushing their basic knowledge in commerce, and with each level, the course becomes more complex and elaborate. Let us know what qualifications you should have to become a CA in India.

CA Foundation Eligibility Criteria

To be eligible for CA foundation, the participants have to fulfill the criteria issued by ICAI. The Foundation’s eligibility requirements are fundamental and specify the educational conditions only. It is a national-level exam that is conducted twice a year in offline mode. If a candidate fails to satisfy the criteria, he will not be able to register. Given below is the detailed list of eligibility.

• The candidate must have a passing certificate of 10th and 12th from a recognized board.
• Participants should have a Bachelor’s or Master’s degree in any discipline with more than 60% marks.
• Candidates with graduation and masters can skip Foundation and can directly apply for CA Intermediate.
• Bachelor’s or Master’s degree holders in commerce get exemption in the entrance test and can directly register for Intermediate.
• The qualified student at the educational level will have to register online and submit the missing documents to the nearest office.

Passing criteria in CA foundation entrance examination?

Once elected for the exam, the students will be facing the following exam pattern.

• There will be objective-type questions in Foundation and each wrong answer will cost you 25% marks as per negative marking scheme.
• Participants will be declared pass only after getting 50% marks in aggregate in all subjects and 40% marks in each subject.

Criteria for Passing with a Distinction?

Such students who have secured 70% or more marks in aggregate will be considered in exceptional merit. To make place in the top 10 ranks in the Foundation, one has to score minimum 60% marks, and such students will also get a merit certificate from ICAI.

What after Fulfilling the CA Foundation Eligibility Criteria?

Students can fill the online application form after satisfying all the criteria of CA Foundation set by ICAI. The candidates had to submit a psychical copy of registration form with exam before last date. After applying online, students need to submit a hard copy of the form attached with the required documents.

One needs to submit following document before last date:

• Class 12th mark sheet issued by a recognized board
• Attested copy of admit card
• Student nationality proof in case he is a foreigner
• Certificate of a particular category, i.e. SC/ST/OBC and differently able.
• Class 10th mark sheet and admit card having original name and date of birth

Note: All the documents must be self-attested

After completing all the criteria of registration ICAI will issue you study material and admit card, and you will be able to sit in CA foundation exams. Hence the registration procedure of further exam CA intermediate and final will be the same with minor changes. Once you clear all the levels, the ICAI will issue the certificate to you, and now you can call yourself a Charted accountant.

Conclusion

In the above blog, you have read about the qualification for admission in CA and the further journey of becoming a CA. Although we know that becoming an ICAI certified CA is not easy, and only a few students who appear for the exam every year make it through. If you see CA as your future, then VSI Institute will help you in this. VSI is the only CA coaching center in India with the highest number of All India Rank. You can easily enroll yourself for CA foundation, intermediate and final coaching by visiting the website.