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Graduates direct entry 2 ca-ipcc officially announced (icai)

CA Srikanth Yadav (Chartered Accountant) (3162 Points)

03 August 2012

At last finally ICAI has made an official announcement that the provisions relating to Direct Entry Scheme for Graduates/Post Graduates, etc., with prescribed percentage of marks, to the Chartered Accountancy Course have come into force from August 1, 2012. Please download the attached file for the same.

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88 Replies

CA Karan Lodhi (CA and B.com(hons.)) (879 Points)
Replied 03 August 2012

Yes..Fully agreed.I came to know just a few seconds before...Good news for many people...

ANOOP (student) (428 Points)
Replied 03 August 2012

PLS HELP ME TO CLARIFY MY.....

I AM A STUDENT WHO HAVE CLEARED IPCC GP2 AND A FIRST CLASS BCOM GRADUATE......MAY I GO FOR ARTICLESHIP NOW.................I HV WRITTEN IPCC GP1.....IN MAY 12 EXAM RESULTS ARE YET TO COME......IF SUPPOSE I DON CLEAR THEN NOW AM I OFFICIALLY ALLOWED TO JOIN ARTICLESHIP......

CA Srikanth Yadav (Chartered Accountant) (3162 Points)
Replied 03 August 2012

@ Anoop:

"A candidate who is a graduate or post graduate and has been exempted from passing the Common Proficiency Test shall be eligible to three years of articles training on his registration to the Intermediate (Integrated Professional Competence) Course.”

But you were not exempted from CPT as you have already completed your CPT and you are into your IPCC now. So as per my interpretation, you are required to clear your IPCC Group I in order to commence your Articleship. (However, it is advisable to put your query @ www.icai.org/help).

My best wishes for your results!

2 Like

S.M.Dinesh Kumar (Student IPCC) (103 Points)
Replied 03 August 2012

Srikanth, why cant anoop cancel the existing registration with ICAI and make new registration on degree, for going direct article.

ANOOP (student) (428 Points)
Replied 03 August 2012

how wil i cancel my registration I HAVE CLEARED GP2 IN MAY11 AND I HAD GOT 196 IN GP1 IN LAST ATTEMPT......SO I AM COMPLETELY CONFUSED ABOUT MYSELF NOW

prashanth (accountant) (22 Points)
Replied 03 August 2012

hi i Have passed bcom with 51.5 percent i want to know whether the commerce graduates above 50 percent in commerce stream are exempted from cpt course please provide me the reply

regards

prashanth

CA Anushree jain (CA) (1531 Points)
Replied 03 August 2012

@ Prashant no you are not exempt from appearing in CPT as the prescribed % for exemption is 55%in bcom

and you scored 51.5%

prashanth (accountant) (22 Points)
Replied 03 August 2012

the rule of 55 percent is not new one it is already in force for the last one year . what is the new rule of excemption i want to know

CA Srikanth Yadav (Chartered Accountant) (3162 Points)
Replied 04 August 2012

Originally posted by : prashanth
	the rule of 55 percent is not new one it is already in force for the last one year . what is the new rule of excemption i want to know

There Institute has made a proposal for the said notification in the last year, which has now actually come into force.

CA Srikanth Yadav (Chartered Accountant) (3162 Points)
Replied 04 August 2012

Originally posted by : S.M.Dinesh Kumar
	Srikanth, why cant anoop cancel the existing registration with ICAI and make new registration on degree, for going direct article.

To the best of my knowledge, there is no such provision for cancelling existing registration and registering again on the basis of degree.