Exemption & procedure if not exempted

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CS Prerna Dhir (Querist)
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31 August 2013 Hi,

I am a student of CS Professional. I will appear for professional exams in dec 2013.

Till now i have not undergone any training, SIP or EDP.

I am working as Purchase & Imports Executive in a Manufacturing & Trading company from last 4 years. Completed my bcom (H).

I want to know whether i SIP & EDP can be exempted for me. If yes then what should i do, where i have to submit the documents and if i will not get exemption then how can i apply for these trainings.
Also help me with the 15 months training session, that will be exempted or not ?

Please advice.

Ajay Mishra

Ajay Mishra (Expert)
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01 September 2013 Hi

For claiming exemption in SIP, go to the following link:

http://www.icsi.edu/WebModules/Student/sipform051112.pdf

Ajay Mishra

Ajay Mishra (Expert)
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01 September 2013
Exemptions of papers in ICSI:

Executive Programme
1. General and commercial Laws - Candidate should have MA in Corporate Secretaryship with 50% or more marks OR degree in Law from a recognized University with 50% or more marks
2. Company Accounts, Cost and Management Accounting - Candidate should be MA in CS with 50% or more marks OR MBA , MCom/BCom with full paper in Cost accounting/ Management accounting with 50% or more marks OR Financial Management at MA Corporate Secretaryship with 50% or more marks OR ICWAI Final pass student
3. Tax Laws – Candidate should be MA in CS with 50% or more marks OR ICWAI Final pass student
Professional Programme:

1. Financial, Treasury and International Finance - Candidate is ICWAI Final pass student
2. Advanced Tax Laws & Management Practice - Candidate is ICWAI Final pass student

Regards

Ajay Mishra

Ajay Mishra (Expert)
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01 September 2013

Company Secretaries Regulation, 1982

Chapter VII
Practical Experience and Training Requirements

47. Practical Experience and Training
A candidate who has passed the Final examination of the Institute shall be required to possess the practical experience and undergo the practical training or be exempted therefrom as specified in this Chapter for becoming eligible to Associate Membership of the Institute.

48. Practical Experience or Training

Every candidate registered as a student on or after the commencement of the Company Secretaries (Amendment) Regulations, 2001 (including a student registered de novo) and passing the Final examination of the Institute and every candidate registered as a student before the commencement of the said regulations and who has not completed the training in accordance with the regulations in force within five years of date of' his regIstration shall be required either:
(a) to possess practical experience to the satisfaction of the Council in anyone of the following manners, namely:
(i) One . year experience as an Assistant/Deputy Company Secretary or any other post higher thereto in the Secretarial Department or three years' experience as a Secretarial Officer/Executive in Secretarial Department in any company or body corporate having a paid-up share capital and reserves of not less than rupees twenty-five lakhs or any organization having gross fixed assets of not less than rupees fifty lakhs including any public sector undertaking, autonomous, or statutory body, financial institution or bank which in the opinion of the Council
provides scope for acquiring sufficient professional experience; .
(ii) two years' experience as an executive or three years' experience as an assistant under a Company Secretary in whole-time practice or in a firm of such , Company Secretaries, which in the opinion ,of the Council provides scope for acquiring sufficient professional experience;
(iii) three years' experience of continuous practice on a whole-time basis as a Chartered Accountant or Cost Accountant having carried out statutory/cost/Internal audit or providing management consultancy services or three years' experience of continuous practice as an Advocate in a High Court having rendered services as Counsel/Advisor to a Company having paid-up share capital and services of not less than rupees twenty-five lakhs or any organisation having gross fixed assets of not less than rupees fifty lakhs including any public sector undertaking, autonomous or statutory body, financial institute or bank which in
the opinion of the Council provides scope for acquiring sufficient professional experience;
(iv) three years' experience as an executive or four years' experience as an assistant in the secretarial, administration, accounts, finance, personnel or legal department in any company or body corporate having a paid-up share capital and reserves of not less that rupees twenty-five lakhs or any organisation having' fixed assets of not less than rupees fifty lakhs. including Central/State Government, any Public Sector Undertaking, autonomous or statutory body, financial institution, banking or insurance company which in the opinion of the Council provides scope for acquiring sufficient professional experience;
(v) have acquired practical experience equivalent to those specified under clause (b) or clause (c) of this regulation in such profession Institutions in India ,or abroad as may be recognized by the Council in this behalf on reciprocal basis; .
OR
(b) to undergo training in the manner and areas specified by the Council for a period of fifteen months in a company having a paid-up share capital of not less than rupees fifty lakhs or any other institution or organisation as may be approved by the Council from timeto time;
OR
(c) to undergo training under a Company Secretary in whole-time practice or in a firm of such Company Secretaries as approved by the Council for a period of fifteen months on whole time basis working during normal working hours.

49. Training after Intermediate Examination
(1) A candidate who has passed the Intermediate Examination of the Institute may commence his training under clause (b) or clause (c) of Regulation 48, with the apl9roval of the Secretary if sufficient companies or Company Secretaries or• firms of Company Secretaries in practice willing to accept trainees are available for the purpose.
(2) A Company Secretary or a firm of Company Secretaries in practice under whom a candidate is required to undergo training under clause (c) of Regulation 48 shall be required to be approved by the Council and shall pay a monthly stipend as may be determined by the Council from time to time.

Ajay Mishra

Ajay Mishra (Expert)
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01 September 2013
50. Compulsory Practical Training

Every candidate passing the Final examination of the Institute in addition to acquiring practical experience or undergoing training as stipulated in Regulation 48 shall be required to undergo compulsory practical training for a total period of four months as specified below:

(a) to undergo three months' training in a public limited company or body corporate having a paid-up share capital of not less than rupees twerity-five •'akhs as approved by the Council from time to time in the following manner:
(i) Secretarial Department (including• Shares and. Legal) - one month; .
(ii) Finance and Accounts Department (including Costing, Management Accounting, Internal Audit and Taxation) - one month;
(iii) Administration Department (including Personnel, General Administration, Industrial, Public Relations, Marketing and Materials Management) - one month;
Provided that a candidate who has undergone training for a period of fifteen months as specified in clauses (b) and
(c) of Regulation 48 as may be exempted from the requirement of clause (a) of this regulation;

Provided further that the Council may on an. Application made in this' behalf by the candidate exempt him from' undergoing practical training' if the Council is satisfied that the candidate has already undergone the training prescribed by such professional Institutions in India or abroad as may be recognized by the Council in 'this behalf on reciprocal basis.
(b) to attend and complete successfully secretarial modular training programme for fifteen days in such manner and areas as determined by the Council and training in a specialized agency such as the Office of the Registrar of Companies, stock exchange, financial or banking institution or management consultancy firm for another fifteen days;

Provided that the Council may on an application made in this behalf by the .candidate exempt him from undergoing secretarial modular training programme and training in a specialized agency specified in clause (b) if the Council is satisfied that the candidate' has already undergone the training prescribed by such professional Institutions, in India or abroad as may be recognized by the Council in this behalf on reciprocal basis.]

Ajay Mishra

Ajay Mishra (Expert)
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01 September 2013
53. Exceptions

(1) (Since deleted)
(2) Any person not falling in all or any respects with regard to practical experience and practical training requirements as specified in the Regulations 48, 51 and 52, but claims to have acquired practical experience and undergone practical training, equivalent to those specified under these regulations may apply for full or partial exemption from acquiring practical experience or undergoing, practical training as the case may be and the Council may determine each case for partial or total exemption taking into account the evidence produced by such person or after interviewing him.

54. Requirement of certificate of experience and practical training by members of the Institute
Every applicant claiming to have acquired the necessary practical experience and undergone the prescribed practical training, shall be required to obtain certificate from at least two members having a standing of three years, membership as approved by the Council, certifying that in the opinion of the certifying members, the candidate is a fit and appropriate person to be admitted to the Associate Membership of the Institute.

55. Proof of Practical experience and training

A candidate who possesses the requisite practical experience and has undergone the requisite practical training or has been exempted there from as 'provided in these regulations, shall be required to produce necessary documentary proof to the satisfaction of the Council along with his application in the appropriate form for Associate Membership.

CS Prerna Dhir

CS Prerna Dhir (Querist)
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07 September 2013 Thanks :)
I am unable to enroll for examination for professional dec 2013, after logging in and coming to my account, when i click on proceed to fill the form, i get a msg that
"EITHER YOU ARE LOGGED OUT OR YOU DO NOT HAVE ACCESS TO THIS CONTENT"

Last date is 25th. What should i do.

Ajay Mishra

Ajay Mishra (Expert)
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07 September 2013 Contact to the concern person of the Institute for the same, they will help you.

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