Exemption period for fresh member

yashsr (CA) (2270 Points)

01 November 2011  

If I'm right, newly registered members are entitled to 1 year exemption in CPE Hours. Henceforth, a member in practice will have to complete 90 hours in 3 years with a minimum of 20 hrs each in those 3 years. I believe the 'year' in the issue is the calendar year and not any other year like financial year. Correct?

Now, the question is, if a member registers itself in the month of December 2010 Say 6th December, when does this exemption period get over? Hopefully the exemption does finish on 31st December.. In logical terms, the exemption should finish on 6th December 2011. Is this correct?