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Querist : Anonymous

Querist : Anonymous (Querist)

17 March 2012 anybody can u say me the amendment to what is process of join IPCC after M.com & what is condition to applying

Ajay Mishra

Ajay Mishra (Expert)
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17 March 2012 Hi

Till date on the basis on M.com you can not register himself in IPCC. However the Institute has issued a notification as on 23.02.2012 which allowed to provide such benefit in future to students. For more you can go to the following link:

http://220.227.161.86/26049council15546.pdf

Regards

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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17 March 2012 No amendment kindly wait till the same is enforced by the ICAI. Kindly go to the link provided by the expert

Ankur Garg

Ankur Garg (Expert)
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17 March 2012 No. Till now CPT is mandatory for everyone.

Who is eligible for CPT Exemption !!!

Draft Notification dated 23.02.2012, issued by ICAI (waiting for final approval) proposed the following:

(A) Any graduate or post graduate 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 recognized 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 recognized University (including Open University);

(B) Any candidate who has passed the Intermediate examination conducted by the Institute of Cost and Works Accountants of India by the Institute of Company Secretaries of India 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.”

Thanks

No exemption on the basis of M. Com.

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