Exemption period for fresh member

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yashsr

1219 Points Posted on 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?

Replies (6)

Jitender

Chartered Accountant

8027 Points Posted on 01 November 2011

in Calculation of CPE, calender year is considered. A new member is exempted from CPE in his first calender year only. In this way, in the above case, the exemption ends on 31st December'2010 if he is enrolled on 6th December'2010.

yashsr

1219 Points Posted on 02 November 2011

So this means that the CA in question will have to attend at least 20 hours in 2011 if he is in practice? Only 2 months remain!! :(

yashsr

1219 Points Posted on 08 November 2011

Some other questions regarding CPE centres:

1) Where can I find a list of centres for attending structured hours? In particular I'm looking for a centre in the Malad-Goregaon section of Mumbai.

2) Regarding the 10 unstrucutred learning hours: I'm continously updated to the latest news through the journal of the Institute, newspapers, other books and magazines and also websies like caclubindia.com .. so is this sufficient?