Question ID : 31703

CA Professional FCA

Am Working as paid assistant in Audit firm for 3 years. And i want to start my own practice .After completion of 2 years of practice, can i apply for FCA. One of the condition for application is 5 years of continuous practice. Whether above years are included for continuous practice or i need to wait up to 5 years after starting my practice. Thanks in advance.

Answer ID : 69804

3 Years will be counted for FCA, see option C below Eligibility for FCA An associate member will be admitted as a fellow member if he satisfies the following conditions (a) Continuous practice within India for a period of not less than 5 years Or (b) He has been an associate member for a continuous period of not less than 5 years and has been in government service or is ordinarily holding or has held for a continuous period of not less than 5 years any one or more posts carrying duties relating to accounts, cost accounts, audit, finance, taxation, company law and or secretarial work in an educational institution approved by the Council, or a private or government, industrial, commercial or trading undertaking having a minimum paid-up capital of Rs. 25 lakhs or a minimum turnover of Rs.50 lakhs or a minimum paid-up capital of Rs. 10 lakhs and a minimum turnover of Rs.30 lakhs employed under a statutory authority, or employed under a local authority having within its jurisdiction a population of not less than 5 lakhs during each of the five years of his service. A self declaration form is available in our website for the use of Members in Industry (c) Continuous service for a period of not less than 5 years as a full-time paid assistant under a practising Chartered Accountant or in a firm of such Chartered Accountants

Answer ID : 69807

it will be counted

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