Hello Aspirant,
Yes, now it is possible and valid. Few days earlier UGC has announced that now students can do two degree programs simultaneously but the condition is that, one program should be in regular mode and other program should be in distance mode.
In your case, you can do BA in distance mode from University of Mumbai Institute of Distance Open Learning and B.Com (//B.Com) from any other college/university in regular mode.
I hope this information helps you.
Good Luck!!
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