Consequences of not doing gmcs on time

The Council at its 326th Meeting being held from 27th-29th July, 2013 at ICAI Bhawan, New Delhi has decided to grant one time extension to students, who were registered for practical training between 1st May, 2012 and 31st December, 2012 to complete GMCS-I Course latest by 31st December, 2013.

The eligible students are advised to contact the nearest Regional Council/Branch for registration of GMCS-I Course and complete the same at the earliest but not later than 31st December, 2013.

https://www.icai.org/new_post.html?post_id=9772&c_id=219

However, there is no consequences defined by ICAI for the delay in completion of GMCS-1.

Its advisable to complete it within the prescribed time alloted...