Eligibility qualification/ requirement to enroll for Intermediate (IPC) course (as stated by ICAI):
a. A candidate is eligible for enrolment to any of the level(s) of the Intermediate (IPC) Course on passing the Common Proficiency Test and Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto.
b. A candidate who has already passed Entrance Examination or Foundation Examination or Professional Education (Examination-I) shall be eligible for enrolment to Intermediate (IPC) Course subject to complying with relevant conditions.
c. A candidate who was already registered for erstwhile Intermediate/ Professional Education (Course-II)/ or Professional Competence Course cum articleship shall be eligible for enrolment/ conversion to Intermediate (IPC) Course subject to complying with relevant conditions.
d. Students who are Graduates/ Post Graduates in Commerce having secured in aggregate a minimum of 55% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) by studying any three full papers of 100 marks each out of Accounting, Auditing, Law including Business Laws, Mercantile Laws, Corporate Laws etc., Economics, Management including Financial Management, Personnel Management etc., Taxation including Direct Tax Laws, Indirect Tax Laws etc., Costing, Business Studies, Business Administration and Management Accounting or other than those falling under Commerce stream having secured in aggregate a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) and Candidates who have passed the Intermediate level examination conducted by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India can register directly in the Intermediate (IPC) Course.
e. Students who are pursuing the Final year Graduation Course can also register for the Intermediate (IPC) Course on provisional basis and such students registration would be regularized and they can commence practical training only on submission of satisfactory proof of having passed the Graduation examination with the specified percentage of marks within six months from the date of appearance in the final year graduation examination and completion of Information Technology Training (ITT) and Orientation Course. During the provisional registration period, a student can undergo and complete Information Technology Training (ITT) and Orientation Course. If such student fails to produce the proof within the aforesaid period, his provisional registration shall stand cancelled and the registration and other fees, as the case may be, paid by him shall not be refunded/ adjusted and no credit shall be given for the theoretical education undergone.