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Conversion to IPCC

Vivian Greene (Others) (32 Points)

02 July 2009

Im currently in the PCC scheme....im thinkin of terminating and joining IPCC.....in that case, will i get credit for the articleship i have already completed? or will i have to start again? ....also if i terminate and wish to register in another firm after my exam, will the new transfer of article rules apply to me ( that i have to be "50 kms" away....)? Can i continue the rest of my articleship under another CA?

I have already done my ITT. Will i have to do it again in the new scheme?

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15 Replies

PRAVIN ( M.Com ML MBA(Finance)) (352 Points)
Replied 03 July 2009

you will get the credit of the period already completed in PCC .The only thing is that you have to undergo 3 1/2 years eventhough you're switching over to IPCC. If already articleship fully completed then no problem.

PRAVIN ( M.Com ML MBA(Finance)) (352 Points)
Replied 03 July 2009

If already ITT completed no need to doing anymore. When switching over to IPCC you have pay addl fees that's all.

antima deorah (article) (29 Points)
Replied 03 July 2009

hi praveen..

can u pls answer my query..??

i hv taken termination frm my pricipal on 31march 09 after completing 2 yrs 3 mnths of articleship..but havent sent t form 109 yet due to rule change..i hv given pcc group 1 in june 09.. can i now switch to ipcc for may 2010 attempt?? will my termination be accepted then??

also when t last date fr registering fr ipcc??

Max Payne (employed) (2569 Points)
Replied 03 July 2009

Get the new 109 form, send it to ICAI along with your ipcc conversion form. you will have to give Rs.10,000/-.

since more 2 months passed from the date of your termination, you will have to provide copy of your audit diary.

also you have to give request for condoning the delay along with fee of about Rs.300/- along with your 109.

You have to all this by july 31st so that u can get may 2010 attempt of IPCC. But u cannot join the articleship till u complete group1 of ipcc.... its tough spot for all people yaar. I am giving this info to you which i got directly from sro @ icai.org.

Please use the email route to contact ICAI. its fast and effective (i heard its outsourced). Its much more fruitful than speculating on forums like this. All the best. to u. godspeed.

Vivian Greene (Others) (32 Points)
Replied 04 July 2009

Okie....so ur sayin i'll get credit even if i change principal.....even after the new rules right?

How does one lose an attempt?

Is is that you are eligible for the exam and do not apply?

you apply and you don not turn up for the exam?

Vivian Greene (Others) (32 Points)
Replied 04 July 2009

Can someone upload the new form 109 and the ipcc registration form and the articleship re-registration form if they have it?......The form in the institute website is showing some error and i am unable to view the same.

Shrivastav (student) (67 Points)
Replied 04 July 2009

Transition Scheme for Professional Education (Course-II) students who have joined the course on the basis of their degree examination

The last Professional Education (Examination – II) will be held in May, 2009.

As per second proviso to Regulation 28C of Chartered Accountants (Amendment) Regulatons, 2006 a candidate who was exempted from passing Professional Education (Examination – I) under proviso to sub-regulation (1) of regulation 25B and is registered as a candidate for Professional Education (Course – II) shall be admitted, after discontinuance of the Professional Education (Examination – II), to the said examination, subject to his being otherwise eligible to appear in the Professional Education (Examination – II).

Ineligible students of Professional Education (Course - II), who have not been issued Eligibility Certificate, may please note the following:

Such students are advised to submit and clear 3 answer papers from different subjects for issue of Eligibility Certificate to the concerned decentralized regional office. The cut-off date for submission of answer papers is 1^st July, 2008 and 1^st January, 2009 for appearing in Professional Education (Examination – II) to be held in November, 2008 and May, 2009 respectively.

Regards

Avneesh Shrivastav

sumit sehrawat (student) (70 Points)
Replied 04 July 2009

PRAVIN

R U REALLY SURE THEN EVEN AFTER CONVERSION A PCC STUDENT HAS TO COMPLETE 3 AND HALF YEARS AND NOT 3 YEARS

Max Payne (employed) (2569 Points)
Replied 04 July 2009

@ vivian

Yeah u will get the credit. U lose an attempt if u dont turn up after applying for either group.

Max Payne (employed) (2569 Points)
Replied 04 July 2009

@ Sumit:

Yes. u will be able to write ur final exam only after completing 3.5 years of articleship.

Means it will take u 9 months of IPCC + 3.5 years articles to clear at the earliest = 51 months.

PCC =42months

but new IPCC students can do in 9m+2.5y+6m=46months. Please dont convert... it might do your carreer too bad.. unless this is actually an exercise to change firms.

PRAVIN ( M.Com ML MBA(Finance)) (352 Points)
Replied 04 July 2009

HI Sumit, Refer below

Transition provisions for existing students of Professional

Competence Course for conversion to Integrated Professional

Competence Course

When will the Articleship commence under new scheme of

IPCC Education, training and examination?

Ans. The student will be eligible for registration for articleship after

passing Group I of IPCC and the period of Articleship will be three

years for fresh students registered under IPCC effective from 03

December, 2008 while the period of Articleship will continue to be 3 ½

years for students converted from PCC to IPCC.

Q. 4

under PCC scheme of education, training and examination

will be counted under new scheme of IPCC?

Whether any period of Articleship completed by a student
Ans. Yes. The period of Articleship will remain 3 ½ years and the

period so served as an articled assistant under PCC scheme of

education, examination and training, will be reckoned for the purpose

of completing 3 ½ years of Articleship under IPCC.

Q. 5

before joining IPCC?
Whether the articled assistant needs to take termination
Ans. No. An articled assistant will have the option to either continue

with the article training as per articled deed already executed or take

termination at the time of joining IPCC.

Q. 6

3½ years under PCC to 3 years under IPCC upon

conversion?
Whether the period of Articleship will be reduced from
Ans. No. The period of Articleship shall remain 3 ½ years even after

conversion from PCC to IPCC.

PRAVIN ( M.Com ML MBA(Finance)) (352 Points)
Replied 04 July 2009

Hi Vivian greene,

you download 109 form

Attached File : 35 7512form109 std.pdf downloaded: 122 times

sumit sehrawat (student) (70 Points)
Replied 06 July 2009

thanks to both of you yaar

plz keep helping all like this

thanks again..

Shrivastav (student) (67 Points)
Replied 09 July 2009

Dear Pravin

Can a PE-2 attempted student get converted into PCC after giving his last attempt of PE-2 in june2009. or which attempt will he get in nov2009 either PCC or IPCC. please send me the latest news of conversion of PE-2 students who have joined PE-2 on graduation basis.

thanks dear