Faith of Intermediate Students

I am a student of C.A. intermediate scheme, taken exams both in intermediate as well as PE II scheme and not yet cleared any of the groups.

I would like to know,

1)  whether  am I eligible to take exam's that will be held in MAY 2008?  if not

2) What will be my position  as regards the new PCC scheme ?

3) I have taken my exams this nov 07 and hoping to get through II group.  If i clear what will be my position as regards new PCC scheme ?