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The Institute of Cost Accountants of India has decided to grant an extension up to 31st May 2021 to complete the requirement of CEP Credit Hours for renewal of COP of the members for the year 2021-22. Read the official notification below: NOTIFICATION April 1, 2021 Sub.: Extension of time for
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FAQ :
The deadline for completing CEP Credit Hours for the renewal of the Certificate of Practice (COP) for the year 2021-2022 has been extended to May 31, 2021.
This extension is for members of The Institute of Cost Accountants of India (ICMAI) who hold a Certificate of Practice (COP) and need to renew it for the 2021-2022 year.
Members holding a COP must complete a minimum of 15 hours of training annually (April 1 to March 31) and 50 hours in a 3-year block. For members over 65, the requirement is 7 hours annually and 25 hours in a 3-year block.
The extension aims to prevent hardship for members whose COP renewal for 2021-22 might be impacted by a shortfall in CEP hours.
Members are required to inform ICMAI whether these CEP hours should be credited towards the 2020-21 or the 2021-22 compliance year.
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