No. 1-CA(7)/83/2005 :The following draft of certain regulations further to amend the Chartered Accountants Regulations, 1988, which the Council of the Institute of Chartered Accountants of India proposes to make, is hereby published, as required by sub-section (3) of section 30 of the Chartered Accountants Act, 1949 (XXXVIII of 1949) for the information of all persons likely to be affected thereby, and notice is hereby given that the said draft will be taken into consideration on or after the expiry of period of forty-five days from the date on which the copies of the Gazette of India in which this notification is published are made available to the public.

Any person desiring to make any objection or suggestion in respect of the said draft regulations, may forward the same for consideration by the Council of the Institute within the period so specified above to the Secretary, The Institute of Chartered Accountants of India, Indraprastha Marg, New Delhi - 110 002.

Any objection or suggestion which may be received from any person with respect to the said draft before the expiry of the period so specified will be taken into consideration by the said Council.

1. These regulations may be called the Chartered Accountants (Amendment) Regulations, 2005.
   
   

2. In the Chartered Accountants Regulations, 1988, -
   
   

   1. In regulation 25B, after sub-regulation (2) and before the explanation, the following proviso shall be inserted, namely: -
      
      "Provided that a candidate, who has exhausted his five consecutive attempts in the Professional Education (Examination - I), shall be eligible to be admitted to the said examination for an additional attempt in any of the examinations held on or before the 31st December, 2005."
      
      

   2. In regulation 28B, after sub-regulation (3) and before the explanation, the following proviso shall be inserted, namely: -
      
      "Provided that a candidate, who has exhausted his five consecutive attempts in the Professional Education (Examination - II), shall be eligible to be admitted to the said examination for an additional attempt in any of the examinations held on or before the 31st December, 2005."