Ravi Shankar to me
show details 11:17 AM (0 minutes ago)
Dear Student,
The Institute constituted a Study Group for considering issues relating to permitting CPT students to appear in CA Final Exam during the last six months of their articles and reduction in the period of articles for PCC students from 3½ years to 3 years on 1st July, 2009. The Group’s recommendations and approval of the Council are awaited. Thereafter, if need be, the regulation might also require amendment for which approval of the Central Government would also be required.
This will be a long drawn process and the student may be advised to prepare his studies / examination as per present set of Regulations.
The present position of Final studnets who are PCC registered (including converted) & passed students can appear in the Final Examination only after completing 3 & 1/2 years of articleship.
Decision, if any, taken in this regard will be intimated to the student concerned.
Ravishankar S C
Assistant Secretary
Board of Studies
The Institute of Chartered Accountants of India
ICAI Bhawan,
Post Box No.36,
A-94/4, Sector-58, Noida- 201 301
Ph.No. 0120-3045930 (Direct)
PBX No.0120-3045900, Extn.930
E.Mail: scravishankar @ icai.org
Fax No.0120-3045940
----- Original Message -----
From: Hem Chandra
To: enqarticleassistant @ icai.org
Cc: scravishankar @ icai.org
- Show quoted text -
Sent: Tuesday, January 05, 2010 11:13 AM
Subject: Reduction in the period of articles for PCC students from 3 ½ years to 3 years
Respected Sir,
Sub: Reduction in the period of articles for PCC students from 3 ½ years to 3 years
I had read a post on www.icai.org regarding abovementioned subject. (https://icai.org/post.html?post_id=4691&c_id=219)
I want to throw some light on above issue which might be of some importance to your committee:
The students from courses prior to and after PCC Course, i.e., PE-II and IPCC Students have to serve 3 years of articleship training including 6 months of allowed leave. This means they have to serve a net articleship period of 2.5 years only.
On the other hand, students of PCC course have to serve 3.5 years of articleship training including 6 months of allowed leave. This means they have to serve a net articleship period of 3 years. This means that PCC students serve 6 months excess articleship training than the other courses.
To make matters more difficult for PCC students, they have to appear for 2 exams, i.e., PCC and CA Final while taking maximum 6 months leave (or serve remaining period after CA Final Exams). And that means average 3 months preparation leave for each exam (which seems highly improbable to clear either of the exams).
On the other hand, IPCC and PE-II students have to appear only CA-Final exams after taking 6 months leave.
This serves a double blow to PCC students who already have to cope up with Articlehip-PCC Exam-Articleship-CA Final Exam type of situation which is unlike the course format of other courses.
I hope your committee comes out with the decision to reduce the articleship period to three years as the articleship period of the earliest batches of PCC is nearing its end.
Expecting a positive reply from your side,
Regards,
Hem Chandra