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Relaxation of compulsory nine months practical training

harsha (ca) (34 Points)

31 July 2015

there seems a relaxation for students who have converted from cpt route to direct entry scheme, please enlighten me on this , here is the link below.

https://icai.org/new_post.H T M L?post_id=11753&c_id=347

I have passed my cpt in june 2013 and have given two attempts in ipcc and not able to clear the exam , if at all i convert into direct entry scheme, I can write exam without the 9th months compulsory training ???

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Shambhu Sharma (Partner) (21 Points)
Replied 05 August 2015

RELAXATION IN REQUIREMENT TO UNDERGO 9 MONTHS OF PRACTICAL TRAINING TO APPEAR IN IPC EXAXMINATION

Sub.: Relaxation in the requirement to undergo nine months of Practical Training to appear in Intermediate (IPC) Examination in respect of students registered for Intermediate (IPC) under CPT Route and shifted to Direct Entry Scheme

In order to mitigate the hardships being faced by the students who have originally registered for Intermediate (IPC) Course under CPT Route and shifted to Direct Entry Scheme, the Council on consideration decided to relax the criteria of completion of nine months of Practical Training for appearing in the Intermediate (IPC) Examinations and passed the resolution under Regulation 205 of the Chartered Accountants Regulations, 1988 as under:

“Resolved that by virtue of powers vested under Regulation 205 of the Chartered Accountants Regulations, 1988, the Council of the Institute hereby orders that such students who originally registered for Intermediate (IPC) Course through CPT Route and appeared in Intermediate (IPC) Examination (s) but unable to pass the said examination (s) and later on after graduation shifted to direct entry scheme, be exempt for the eligibility criteria of completion of 9 months of Practical Training (which include study course for a period of eight months concurrently commences from the date of registration to the Course) for appearing in Intermediate (IPC) Examinations.

Further, such students having secured exemption in any of the paper(s) of Intermediate (IPC), be given the benefit of availing the exemption by appearing in immediately next three following examinations excluding the examination which he could not avail of due to shifting to direct entry scheme.”

Additional Secretary