CA Foundation New Scheme FAQs


CA Foundation New Scheme FAQs

Q 1: When has the New Scheme of Education and Training been launched?
Ans:
The New Scheme of Education and Training has been launched on CA Day, i.e. 1st July, 2023.

Q 2: What are the important dates for the implementation of the New Scheme of Education and Training?
Ans:
Important dates for the implementation of the New Scheme of Education and Training are given as under:

S.No. Particulars Date/ Attempt
1. Last date for Registration in Foundation under Old Scheme 1st July, 2023
2. Date of commencement of Registration and Conversion in Foundation Course under New Scheme 2nd August, 2023
3. First Foundation Examination under New Scheme June, 2024
4. Last Foundation Examination under Old Scheme December, 2023

Q 3: What is the structure of Chartered Accountancy Course under the New Scheme of Education and Training?
Ans:
The New Scheme of Education and Training has three levels – Foundation,Intermediate and Final including Self-Paced Online Modules.

Q 4: How to register under the New Scheme of Education and Training?
Ans:
Students need to register for Foundation/ Intermediate/ Final level under the New Scheme of Education and Training through Self Service Portal (SSP) at the link https://eservices.icai.org/.

CA Foundation Live Classes

Our faculties conduct live classes for all subjects of CA Foundation. Learn, interact, participate, ask your doubt... sessions are conducted on our YouTube Channel.

CA Foundation Live Classes Date 19-02-2024

CA Foundation Live Classes
Date 19-02-2024 @ 11:30 am - Join Session

CA Foundation Live Classes Date 21-02-2024

CA Foundation Live Classes
Date 21-02-2024 @ 11:30 am - Join Session

CA Foundation Live Classes Date 23-02-2024

CA Foundation Live Classes
Date 23-02-2024 @ 11:30 am - Join Session

CA Foundation Live Classes Date 26-02-2024

CA Foundation Live Classes
Date 26-02-2024 @ 11:30 am - Join Session

CA Foundation Live Classes Date 28-02-2024

CA Foundation Live Classes
Date 28-02-2024 @ 11:30 am - Join Session

Q 5: Where can we write for any further queries?
Ans:
You may write to the Board of Studies (Academic) at bos.nset@icai.in for further queries.

Q 6: When can I register for Foundation Course?
Ans:
Candidates may register in Foundation Course after passing Class 10th Examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto.

Q 7: What is the fee for Foundation Course?
Ans:
: Fee for Foundation Course is Rs.9,000/- which is to be paid at the time of registration. This fee is inclusive of Prospectus for CA Course and Study Material of Foundation Course.

Q 8: Where can I get the Prospectus for CA Course and Study Material of Foundation Course?
Ans:
After successful registration in the Foundation Course, the student will receive an e-mail bearing the login credentials for ordering the Study Material through Centralized Distribution System (CDS) Portal. Prospectus for CA Course will be delivered to the student along with the Study Material, whenever ordered by the student.

Q 9: When will I get the Study Material of Foundation Course?
Ans:
Study Material of Foundation Course will be available on the BoS Knowledge Portal at the link https://www.icai.org/post/new-scheme-of-education-and-training after the launch of the New Scheme of Education and Training on 1st July, 2023. Hard copy of the Study Material will be available for ordering on Centralized Distribution System (CDS) Portal upon confirmation of registration in Foundation Course.

Q 10: I have already registered in Foundation Course after passing Class 10th Examination and presently I am in Class 11. When I will be eligible for Foundation Examination and under which Scheme of Education and Training.
Ans:
Your first attempt for Foundation Examination under New Scheme of Education and Training will be in June, 2025 after appearing in Class 12th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto.

Q 11. I have already registered in Foundation Course and presently I am in Class 12. When I will be eligible for Foundation Examination and under which Scheme of Education and Training.
Ans:
Your first attempt for Foundation Examination under New Scheme of Education and Training will be in June, 2024 after appearing in Class 12th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto.

Q 12: When I can register in Foundation Course to become eligible for June/ December Foundation Examination.
Ans:
You should be registered in Foundation Course with the Board of Studies of the Institute for a minimum period of four months on or before the 1st day of the month in which the examination is held. For example, you should be registered in Foundation Course on or before 1st February, 2024 for Foundation June, 2024 Examination and on or before 1st August, 2024 for Foundation December, 2024 Examination.
Before appearing in the Foundation Examination, you should also have appeared in Class 12th Examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State Government as equivalent thereto.

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Q 13: Do I need to fill any separate form for appearing in Foundation Examination?
Ans:
After registration in Foundation Course, you need to submit the online examination form for appearing in Foundation Examination. The examination form for June and December examination usually opens in the month of February and August respectively.
ICAI makes an announcement when the examination forms open for the forthcoming examination. You are advised to visit the Institute’s website for announcements.

Q 14: What are the papers in Foundation Course?
Ans:
There are 4 papers in Foundation Course which are as under:
Paper 1: Accounting (100 marks)
Paper 2: Business Laws (100 marks)
Paper 3: Quantitative Aptitude (100 marks)
- Business Mathematics
- Logical Reasoning
- Statistics
Paper 4: Business Economics (100 marks)

Q 15: What will be the syllabus for Foundation June, 2024 Examination?
Ans:
Foundation June, 2024 Examination will have the syllabus of the New Scheme of Education and Training, which is available at the link https://www.icai.org/post/new-scheme-of-education-and-training.

Q 16: When are Foundation Examinations held?
Ans:
Foundation Examinations are held twice a year in the months of June and December.

Q 17: What is the examination pattern in Foundation Examination?
Ans:
Paper 1 & 2 are subjective type and Paper 3 & 4 are objective type.

Q 18: Is there negative marking in Foundation Examination?
Ans:
Yes, there is negative marking of 0.25 mark for every wrong answer in objective type papers.

Q 19: What is the passing criteria for Foundation Examination?
Ans:
A student is declared to have passed the Foundation examination, if he/she obtains at one sitting a minimum of 40% marks in each paper and a minimum of 50% marks in the aggregate of all the papers.

Q 20: What is the validity period of student’s registration in the Foundation Course?
Ans:
The validity period for registration in the Foundation Course is for 4 years from the first eligible attempt in the Foundation Examination.

Q 21: : Whether revalidation of registration is permitted at the Foundation level?
Ans:
Revalidation is not permitted at the Foundation level.

Q 22: How will I convert to the New Scheme of Education and Training?
Ans:
You would be able to convert to the New Scheme of Education and Training through Self Service Portal (SSP) without any conversion fee. If you have not ordered the Study Material earlier, you may make the requisition for the Study Material under the New Scheme of Education and Training on Centralized Distribution System (CDS) portal without making any payment.
If you have already taken the Study Material, you may order the Study Material under the New Scheme of Education and Training through CDS portal after paying Rs.500/- (Foundation Course) or Rs.1,000/- (Intermediate Course) or Rs.1,000/- (Final Course), as the case may be.

Q 23: I have registered for Foundation Course under the Old Scheme. What will be the validity of my Foundation Course registration after conversion to the New Scheme of Education and Training?
Ans:
After conversion to the New Scheme of Education and Training, your Foundation Course validity will be for 4 years from the first eligible attempt in the Foundation Examination, i.e., June, 2024 examination.

Q 24: I have registered for Foundation/ Intermediate/ Final Course under the Old Scheme of Education and Training and the validity of my registration is expiring before November/ December, 2023 examination.How can I revalidate my registration under the Old Scheme for being eligible to appear in November/ December, 2023 examination?
Ans:
You would be allowed to revalidate your registration for Foundation/Intermediate/ Final Course under the Old Scheme of Education and Training by paying the requisite revalidation fee before submitting the examination form for respective November/ December, 2023 examination.

Q 25: I have registered for Foundation/ Intermediate/ Final Course (or equivalent course) under any of the earlier schemes and the validity of my registration has already expired. How can I continue CA Course?
Ans:
You would be required to convert to the New Scheme of Education and Training through Self Service Portal (SSP) without any conversion fee. If you have not ordered the Study Material earlier, you may make the requisition for the Study Material under the New Scheme of Education and Training on Centralized Distribution System (CDS) portal without making any payment.
If you have already taken the Study Material, you may order the Study Material under the New Scheme of Education and Training through CDS portal after paying Rs.500/- (Foundation Course) or Rs.1,000/- (Intermediate Course) or Rs.1,000/- (Final Course), as the case may be.

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