Cpt exemption

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 August 2012 Hi, as per the latest circular regarding CPT exemption, am I exempt from writing it?

I have scored 53.65% in BCOm
and have done MBA in finance -70%.

please help me clearing my doubt.
thanks in advance.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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16 August 2012 You are eligible for direct entry on the basis of MBA.

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Ajay Mishra

Ajay Mishra (Expert)
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16 August 2012 Hi

On the basis of Notification issued by Institute on 02.08.2012, you are eligible to direct registration in IPCC on the basis of MBA.

“(1A) Any graduate or post graduate referred to in sub-clause (ix) of regulation 2 shall be exempted from passing the Common Proficiency Test under this
regulation if such person is a -
(i) graduate or post graduate in commerce having secured in aggregate a minimum of fifty-five per cent. of the total marks or its equivalent grade in the examination conducted by any recognised University (including Open University) by studying any three papers of 100 marks each out
of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting; or
(ii) graduate or post graduate other than those referred to in clause (i), having secured in aggregate a minimum of sixty per cent. of the total marks or its equivalent grade in the examination conducted by any
recognised University (including Open University).

(1B) Any candidate who has passed the Intermediate examination conducted
by the Institute of Cost Accountants of India set up under the Cost and Works
Accountants Act, 1959 (23 of 1959) or by the Institute of Company Secretaries
of India set up under the Company Secretaries Act, 1980 (56 of 1980) shall also be exempted from passing the Common Proficiency Test under this regulation.
Explanation.- For the purposes of sub-regulations (1A) and (1B),-
(i) for calculating the percentage of marks, the marks secured in subjects
in which a person is required by the University (including open University)
to obtain only pass marks and for which no special credit is given for higher marks, shall be ignored; and
(ii) any fraction of half or more shall be rounded up to the next whole number.”.

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