Direct entry to ipcc for graduate and cs/cwa inter cleared.

Any candidate who has passed the Intermediate examination conducted by the

Institute of Cost Accountants of India set up under the Cost and Works Accountants

Act, 1959 (23 of 1959) or by the Institute of Company Secretaries of India set up

under the Company Secretaries Act, 1980 (56 of 1980) shall also be exempted from

passing the Common Proficiency Test under this regulation.

[Explanation.- For the purposes 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.”.]