Obtaining a CA membership number is a significant milestone in the journey of every chartered accountant in India. As a member of the Institute of Chartered Accountants of India (ICAI), you gain access to numerous professional opportunities and benefits that can propel your career forward. However, the process of applying for CA membership might seem complex at first glance. From understanding the prerequisites to navigating the application process, each step is crucial. This guide will walk you through the detailed process, helping you understand how to apply for your CA membership, the associated fees, and the importance of your CA membership number.
Additionally, if you are looking to finance your professional needs or further studies, Bajaj Finance offers tailored CA loan that will suit your requirements. This article will not only provide insights into the CA membership application process but also highlight financial products that can assist you in your professional journey.
Prerequisites for a CA membership card
Before you can apply for a CA membership, certain prerequisites must be met. These requirements ensure that you are eligible and fully prepared to become a member of ICAI.
Key prerequisites:
- Cleared final examination: You must have passed the CA final examination conducted by ICAI.
- Completed articleship: A mandatory articleship of 3 years must be completed under a practising CA.
- GMCS course completion: The General Management and Communication Skills (GMCS) course should be completed.
- Self-declaration: A declaration confirming that you have not been involved in any fraudulent activities.
- Character certificate: A certificate of good character from a chartered accountant in practice.
Important points for CA membership number
When applying for your CA membership number, there are several important points to keep in mind:
- Accurate information: Ensure all the details provided in the application form are accurate and up-to-date.
- Document submission: All required documents, such as mark sheets, articleship completion certificate, and GMCS certificate, must be submitted.
- Timely submission: The application form should be submitted within the specified timeline post completion of your articleship.
- Application fee: The membership fee should be paid during the submission of your application form.
Step-by-step instructions for CA membership from ICAI
Applying for your CA membership number involves a systematic process. Here is a step-by-step guide to help you navigate through it.
Step 1: Confirm eligibility
To apply for CA membership through ICAI, ensure you meet these eligibility criteria:
- Completion of 10+2 (or equivalent) from a recognized Indian board.
- Completion of at least three years of articleship training under a practicing CA.
- Completion of the General Management and Communication Skills (GMCS) course.
Step 2: Fill out the application form
Once registration opens, download Form 2 from the ICAI website and fill it out carefully. Attach these required documents:
- CA Final exam mark sheets
- Articleship completion certificate
- GMCS completion certificate
- Higher secondary school certificate
Step 3: Submit form and pay fees
After filling out the form and attaching the documents, submit it along with the required fee, which can be paid online or via demand draft. Check ICAI’s website for the current fee structure.
Step 4: Await enrolment confirmation
Once your application is processed, ICAI will issue an enrollment letter confirming your membership status and detailing the next steps.
Step 5: Receive membership card or certificate
After verification, ICAI will issue your official membership card and certificate, enabling you to practice as a Chartered Accountant in India.
What is form 2?
Form 2 is a crucial document required for applying for CA membership. It serves as the official application form where you provide all your personal, academic, and professional details. Form 2 is available on the ICAI website and must be filled out meticulously. Any errors or omissions can lead to delays in the processing of your membership application. This form also requires you to attach all supporting documents, making it a comprehensive submission for your membership application.
CA membership fee details
Mentioned below are the ICAI membership fee structures:
Fees for members without a Certificate of Practice
- Associate membership fee (including 18% GST): Rs. 1,770
- Fellow membership fee (including 18% GST): Rs. 3,540
Fees for members holding a Certificate of Practice
- Associate membership + certificate of practice fee (including 18% GST): Rs. 5,310
- Fellow membership + certificate of practice fee (including 18% GST): Rs. 8,260
Fees for members aged 60 or above without a Certificate of Practice
- Associate membership fee (including 18% GST): Rs. 1,298
- Fellow membership fee (including 18% GST): Rs. 2,714
Chartered Accountants' Benevolent Fund
- Life membership: Rs. 10,000
- Yearly membership: Rs. 1,000
- Voluntary contribution: As per your preference
S. Vaidyanath Aiyar Memorial Fund
- Life membership: Rs. 1,000
- Yearly membership: Rs. 50
- Voluntary contribution: As per your convenience
Disqualification from ICAI membership
When applying for a CA membership number via Form 2, ensure you do not have any of the following disqualifications:
- Being younger than 21 years of age.
- Having been declared mentally unfit by a recognized court.
- Being an undischarged bankrupt or having unresolved bankruptcy status.
- Failing to obtain a court certificate verifying that your bankruptcy was due to unfortunate circumstances beyond your control.
- Lastly, having been convicted of a crime involving moral turpitude, unless officially pardoned by the central government.
Conclusion
Securing your CA membership number is a pivotal step in establishing your career as a chartered accountant. By following the outlined steps and ensuring compliance with all prerequisites, you can successfully apply for and obtain your membership. Additionally, exploring financial products like a CA loan through Bajaj Finance can help you manage the costs associated with your professional growth. This strategic approach ensures that you are well-prepared and financially secure as you embark on your journey as a certified chartered accountant.
