Based on the representation made by the Institute of Chartered Accountants of India (ICAI), the UGC has decided that the students who qualify the Chartered Accountant (CA), Company Secretary (CS), or Cost and Works Accountant exam shall now be treated equivalent to post graduate degree holders.
CA, CS, ICWA qualifications recognised as PG degrees – How did the decision take place?
- As per an official order by the UGC, “The UGC had received requests from the Institute of Chartered Accountants of India (ICAI), the Institute of Company Secretaries of India (ICSI) and the Institute of Cost Accountants of India, to consider the qualification being awarded by them — CA, CS and ICWA, equivalent to post-graduation degrees.”
- “To consider this, a committee was constituted by the UGC. The commission considered a recommendation of the expert committee and resolved that CA, CS and ICWA qualification be considered equivalent to PG degrees,” the order added.
- Appreciating the move, the ICAI tweeted, “The University Grants Commission @ugc_india has resolved that CA Qualification will be treated equivalent to PG Degree based on requests submitted from @theicai. This will not only help CAs for pursuing higher studies but will also facilitate the mobility of Indian CAs globally”.
- This approval by the University Grants Commission “will leverage the company secretary profession across the globe, giving the members of the institute an opportunity to pursue PhD in Commerce and Allied Disciplines,” stated an official release by ICSI.
An official statement by UGC, dated 15 March 2021