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Cs training exemption

ANJALI NEGI (Chartered Accountant) (1263 Points)

25 December 2012

Hello frnds,

I want to know whether a student who has completed his IPCC and articleship training is exempted from doing CS training of 1.5 years... Can u please specify who all are exempted????

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4 Replies

Abhishek (Company secretary & asst. Manager legal) (35 Points)
Replied 25 December 2012

Dear Anjali,

Please go throught the below link which will answer all your questions related to 15 months articleship of CS:

https://www.icsi.edu/WebModules/LinksOfWeeks/FAQ-Training.pdf

Thanks & regards

ACS Abhishek Mishra

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Ankit Mehra (Service) (176 Points)
Replied 25 December 2012

Exemption can only be claimed on the basis working experience after passing the Final/Professional Programme Examination provided he/she fulfils the requirement of the Company Secretaries Regulations, 1982, as amended.

1) The candidates who have completed the Final/Professional Programme Examination and possess
three years working experience as an executive or four years as an assistant in a company having the
paid up share capital of Rs.25 lacs or more. To assess the eligibility for exemption from
undergoing 12 months Management Training and partial exemption from undergoing Practical Training on case to case basis.

2) The candidates who have completed the Final /Professional Programme Examination and possess
two years working experience as an executive or three years as an assistant with a Company Secretary in Practice. To assess the eligibility for exemption from undergoing 12 months Management Training. From undergoing 12 months Management Training and partial exemption from undergoing Practical
Training on case to case bases.

3)In order to avail total exemption under Regulation 48 & 51 a candidate should posses one year experience as Assistant Secretary or any post higher thereto in the Secretarial Department in a company or body corporate having a paid up share capital and reserves of not less than Rs.25 lacs or
any organization having gross fixed assets of not less than Rs.50 lacs including any public Sector Undertaking, Autonomous body, Financial Institution or Bank, which in the opinion of the Council, provides scope for acquiring sufficient professional experience. Please note that 15 days Secretarial Modular Training Programme is compulsory.