ICAI has issued a notification regarding the queries being raised in relation to conversion of candidates from old scheme to new scheme before appearing for the next examinations. The official notification states, ” It is clarified that the announcement dated January 9 in respect of “Exemptions(s) from appearing in a paper(s) or group of CA exams under the new scheme of education and training w.e.f May 2018 examinations” deals with transition provisions applicable to those who convert from the old scheme to the new scheme.
Following are the clarifications made:
— Students can either continue in the existing scheme or convert to the new scheme.
— There is no compulsion to convert to the new scheme in order to appear in May 2018.
— Those registered under the new scheme have to apply and appear for the exams which will be held under the new scheme from May onwards.
— The last exam under the old scheme for different levels will be held as follows:
Common Proficiency Test: June 2019
Intermediate (IPC)-old scheme: May 2019
Final (old) scheme: November 2020