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Icai ruined PE2 students Career

Mayank Agrawal (student) (136 Points)

30 July 2010

hi friends(Pe2 victims),

now whether you have cleared 1st grp or 2nd grp doesn't matter(if any subject not exempted).

Friends i have cleard 1st grp widout any exemption and in 2nd grp my income tax is exempted.

if i would not succeed in coming result wat will happen wid me n all of u.

thnx To UPA and his follower AC....

bye to ca....

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42 Replies

(Guest)

AGREE WITH U

Nitin Moudgil (~) (694 Points)
Replied 01 August 2010

no excemption for cleared exams??? what ya saying??

Mayank Agrawal (student) (136 Points)
Replied 01 August 2010

Yeah nitin.see announcement made by gr8 icai.grp wise exemption is not allowed.it means if u have

cleared any group less thn 60 marks in each paper dat wud b count nothng for icai....u hav to appear in all

d subjects....so....say get well soon to icai....na articleship di....jo dia wo b chin lia.....can anybdy tell me

kitna % hota hai exemption paane walo ka.....????? 55 marks toh badi mushkil se mil paate hai

by d way m unluckiest in one of those.

Nitin Moudgil (~) (694 Points)
Replied 01 August 2010

i too cleared second group in pe2... that means nothing???? Fishh man

sree ( Article assistant ) (2285 Points)
Replied 01 August 2010

Originally posted by : Mayank Agrawal
	Yeah nitin.see announcement made by gr8 icai.grp wise exemption is not allowed.it means if u have cleared any group less thn 60 marks in each paper dat wud b count nothng for icai....u hav to appear in all d subjects....so....say get well soon to icai....na articleship di....jo dia wo b chin lia.....can anybdy tell me kitna % hota hai exemption paane walo ka.....????? 55 marks toh badi mushkil se mil paate hai by d way m unluckiest in one of those.

oooooooooo NO NO NO NO ..... u have wroungly understood yar .... see if u clered Gr2 or Gr1 ... u need to write the remaining papers in UNIT system ....okya ....

now coming to ur question ..... u have to get 40% in each paper and 50% in that particular UNIT ONLY and NOT THE Group !

i will give u a example ....

Mr.X cleared Group2 in PE-2 with

Costing - 40

Tax - 40

Infotech - 70

total - 150 PASS :)

now converted to IPCC , MR.X need to clear ....

Unit 7 to start articalship ...and later clear Unit 5

in Unit 7 he needs to get

40% in Accounts 1 , 40% in law , in total 50%.... got it !

same with Unit 5

i hope u r clear now i have conformed it from ICAI nodia ....

DOnt worry ..... i am very sorry to say this .... if u quit CA u r a fool ... ( sorry for my words)

u have invested so many years in CA ... why leaving now .... please dont do it ... happy friendship day!

1 Like

sree ( Article assistant ) (2285 Points)
Replied 01 August 2010

Originally posted by : Mayank Agrawal
	Yeah nitin.see announcement made by gr8 icai.grp wise exemption is not allowed.it means if u have cleared any group less thn 60 marks in each paper dat wud b count nothng for icai....u hav to appear in all d subjects....so....say get well soon to icai....na articleship di....jo dia wo b chin lia.....can anybdy tell me kitna % hota hai exemption paane walo ka.....????? 55 marks toh badi mushkil se mil paate hai by d way m unluckiest in one of those.

U can get 40+60=100 or 50+50= 100 , 45+55= 100 and now the best part is .....

between accounts 1 and laws u get 3.5 days gap .... that makes a hell of a diffrence in examday .... and in Unit 5 u get gap of 10 days betweent auditing and accounts ... just think my friends .... we have nothing to loss if we dont clear PE2 .... be +ve , yes we have to again read all the content but its fine yar ... nothing is new for us right ..... okya let the result be out ..... then we can think of all this ... all the very best my friends , and let me reming u all our batch of PE2 will be the best CA's in the market b'cos we have so much of subject and pratical knowleg .... so just stick on ..... may god be with all of us !

Stu (student) (295 Points)
Replied 01 August 2010

Sree is right about IPCC conversion..at least I hope he is :)

And yes, may God bless each and every one of you.. it's not like any normal exam for us, we've been very sad and disappointed about the pass rates we have, and it has affected our prep over this time..it's not that we didn't want to study or didn't care.. it's also such a long wait..so may God's will be done and may he give us the strength to deal with whatever happens. Have faith everyone :)

Mayank Agrawal (student) (136 Points)
Replied 01 August 2010

Important Announcement for students of erstwhile CA Intermediate/
Professional Education – II Course
BoS/Announcement/227/10
July 29, 2010
Sub: Discontinuance of Professional Education (Examination – II)
------------
Students registered for the Professional Education – II Course (PE-II) are hereby informed that the
said course has been discontinued by the Institute of Chartered Accountants of India with the
culmination of the May, 2010 examination.
Those students of erstwhile CA Intermediate/ PE-II course, who have not yet passed /are not able
to clear the PE-II examination held in May, 2010 are advised to register themselves for the
Integrated Professional Competence Course (IPCC) by following the prescribed procedure as given
below for switchover from CA Intermediate/ PE-II course to IPCC. Detailed procedure to be
completed in this regard can also be obtained from the respective Decentralized Offices where the
CA Intermediate/ PE-II Course students are registered.
Students who have appeared in the Professional Education (Examination-II) held in May, 2010 are
advised to wait for the declaration of the result before switching over to IPCC. Students, who pass
PE-II examination held in May, 2010 are eligible for registration of three years of articled training
immediately provided they have successfully completed the course on Compulsory Computer
Training (CCT) or Information Technology Training (ITT). Such students shall be eligible to appear
in the Final Examination during the last 12 months of their articled training.
Students who have not appeared in Professional Education (Examination-II) held in May, 2010 may
switch over to IPCC at any time.
This announcement will be effective from July 29, 2010 and onwards.
Director, Board of Studies
Detailed procedure and switchover fee structure for converting from erstwhile CA
Intermediate/ Professional Education (Course – II) to Integrated Professional
Competence Course (IPCC).
---------
All students who have been registered for the Intermediate/ Professional Education (Course-II)
under Regulation 28A of the Chartered Accountants Regulations, 1988 are hereby informed that
last Professional Education (Examination – II) has been discontinued with the culmination of the
May, 2010 examination. Students who wish to pursue the chartered accountancy course are
required to switchover to Integrated Professional Competence Course (IPCC) by submitting the
following to the respective Regional Offices from where previous registration was done, for
conversion to IPCC:
1. Fill and submit the prescribed form for shifting from Intermediate/ Professional Education
(Course – II) to Integrated Professional Competence Course (IPCC). Form for switchover
supplied alongwith IPCC Prospectus or can be downloaded from the following link:
https://www.icai.org/resource_file/14650IPCC_Converson_Form.pdf or from www.icai.org
>Students > Course Registration Form > Professional Education [PE-II] – IPCC Conversion
Form.
2. Pay the prescribed fee as shown below alongwith the filled in form. The Demand Draft is to
be drawn in favour of “The Secretary, The Institute of Chartered Accountants of India,
payable at Mumbai, Chennai, Kolkata, Kanpur or Delhi”, as the case may be.
A. PE-II Students who have completed 250 hours Compulsory Computer
Training (CCT) or 100 hours Information Technology Training (ITT)
Sl.
No.
Details of fees Amount (Rs.)
1.
Cost of Study Material of IPCC – Both Groups
(As against sale price as on date of Rs. 3,250/-)
1,500
2. Registration fee for Orientation Programme 1,000
Note: Students who wish to join for Accounting Technician Course (ATC) have to pay additional
fee of Rs. 1,000/- for ATC registration.
B. PE-II Students who have NOT completed 250 hours Compulsory Computer Training
(CCT) or 100 hours Information Technology Training (ITT)
Sl.
No. Details of fees Amount (Rs.)
1.
Cost of Study Material of IPCC – Both Groups
(As agains t sale price as on date of Rs. 3,250/-)
1,500
2. Registration fee for Orientation Programme 1,000
3.
Registration fee for 100 hours Information Technology
Training (ITT)
2,000
Note: Students who wish to join for Accounting Technician Course (ATC) have to pay additional
fee of Rs. 1,000/- for ATC registration.
In addition, the course fee for 100 hours Information Technology Training (ITT) is Rs.4,000/-
and for Orientation Programme is Rs.3,000/- payable separately at the time of registration for
the respectively at the time of registration for the respective courses.
3. Enclose a copy of the Intermediate/ Professional Education (Course-II) registration letter
received from the concerned Regional Office, for ready reference.
4. Enclose a copy of having undergone Compulsory Computer Training (CCT)/ Information
Technology Training (ITT) certificate, if completed, for ready reference.
5. Enclose a copy of commencement of Articled/ Audit Training certificate/ completion of
Articled/ Audit Training certificate received from the Institute, if applicable.
6. Students who have passed one of the groups under CA Intermediate (under para 2A of
Schedule ‘B’)/ Professional Education (Examination – II) will get paper wise exemption
(NOT group wise exemption) in the Integrated Professional Education Examination (IPCE).
Those students who have passed one of the groups earlier, as above, will have to register
for both groups of IPCC and have to appear and pass under ‘Unit Scheme’ of IPCE. Details of
‘Units’ are given hereunder.
Students who have got exemption by securing 60% and above marks will get exemption in
the corresponding paper/s for the unexpired period in IPCE. Full details are also available in
IPCC Prospectus and in IPCC Examination application form.
All such students to provide a copy of marks statement received from the Examination
division as proof of having passed one of the groups in CA Intermediate (under para 2A of
Schedule ‘B’)/ Professional Education (Examination – II).

Director, Board of Studies

Now read point 6 n tell me what does it mean?????

Mayank Agrawal (student) (136 Points)
Replied 01 August 2010

Now Say i am fool Or Not....

Stu (student) (295 Points)
Replied 01 August 2010

My friend, again, you are the one confused. Let me try and clear it up. Look at the part in green.

When the say 'NOT group wise exemption', what they mean, is that if you have cleared Group 2 of PE-2 , you are not automatically clearing Group 2 of IPCC! isn't that obvious? Because after all, IOPCC Group 2 has different subject from the PE-2 group 2, it has Accounting, etc. So of course, if you have cleared one group, you will still have to register for both groups, and then THE INDIVIDUAL SUBJECTS that you have not cleared, you will have to give. That's it. That is what unit scheme means. And that in detail Sree has explained correctly.

Now for the part where it says: Details of
‘Units’ are given hereunder.

By hereunder, they are not saying the lines mentioned right under, they are referring to the elaborate explanation of unit scheme which is given under that!

Students who have got exemption by securing 60% and above marks will get exemption in
the corresponding paper/s for the unexpired period in IPCE. Full details are also available in
IPCC Prospectus and in IPCC Examination application form.

Now what this means is that in addition to unit scheme, those who have exemption in any subject will be accordingly exempt.

Also, notice last sentence where it says students have to produce proof of passing group. Now, if advantage of passing group was not given, then why will they ask for proof of passing group???? THINK!

1 Like

(Guest)

agree with stu

Stu (student) (295 Points)
Replied 01 August 2010

Thanks Kundan.. wish you the very best.

Btw, have any of you converted to IPCC or done the IPCC orientation program?

I was never interested in converting before results, even if it was complusory to finish orientation before the IPCC exam, but now that results are near, wondering if I should have done. Also because now they are confirming that you have to finish it before the Nov exam.

But at the same time they have suggested to wait for the results before converting, so I was never even considering it.

Rahul Bansal (Finalist) (35929 Points)
Replied 01 August 2010

Originally posted by : Stu
	My friend, again, you are the one confused. Let me try and clear it up. Look at the part in green. When the say 'NOT group wise exemption', what they mean, is that if you have cleared Group 2 of PE-2 , you are not automatically clearing Group 2 of IPCC! isn't that obvious? Because after all, IOPCC Group 2 has different subject from the PE-2 group 2, it has Accounting, etc. So of course, if you have cleared one group, you will still have to register for both groups, and then THE INDIVIDUAL SUBJECTS that you have not cleared, you will have to give. That's it. That is what unit scheme means. And that in detail Sree has explained correctly. Now for the part where it says: Details of ‘Units’ are given hereunder. By hereunder, they are not saying the lines mentioned right under, they are referring to the elaborate explanation of unit scheme which is given under that! Students who have got exemption by securing 60% and above marks will get exemption in the corresponding paper/s for the unexpired period in IPCE. Full details are also available in IPCC Prospectus and in IPCC Examination application form. Now what this means is that in addition to unit scheme, those who have exemption in any subject will be accordingly exempt. Also, notice last sentence where it says students have to produce proof of passing group. Now, if advantage of passing group was not given, then why will they ask for proof of passing group???? THINK!