Cpt is not mandatory for graduate

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2012 i have complete graduation in 2005 now i have 5 year experience of accounting now i want to become a c a student.
my question is i can start for c a from ipcc directly or not ?

Ajay Mishra

Ajay Mishra (Expert)
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18 June 2012 Hi

The Institute has made amendment in Regulation 25D of CA Regulation, 1988 regarding admission in IPCC by Notification dated 23.02.2012, these amendment are:

“(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) graduates or post graduates 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 and Works 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 purpose 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.”.

Regards

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