Cs 15 months training exemption
This query is : Resolved
13 March 2013
Dear Experts,
Please let me know that am i eligible for claiming exemption from training as i already have experience of 13 months as management trainee in a company which is imparting training for the same.
for your kind information i recently cleared my Executive & now in process of registration for Professional.
So i am to tense about Training Exemption.
So please revert me ASAP.
Please let me know that am i eligible for claiming exemption from training as i already have experience of 13 months as management trainee in a company which is imparting training for the same.
for your kind information i recently cleared my Executive & now in process of registration for Professional.
So i am to tense about Training Exemption.
So please revert me ASAP.
13 March 2013
Hi
Regulation 48 of the CS Regulation, 1982 deal with exemption in CS Training:
Regulation 48: Practical Experience or Training
Every candidate registered as a student on or after the commencement of the Company Secretaries (Amendment) Regulations, 2001 (including a student registered de novo) and passing the Final examination of the Institute and every candidate registered as a student before the commencement of the said regulations and who has not completed the training in accordance with the regulations in force within five years of date of' his regIstration shall be required either:
(a) to possess practical experience to the satisfaction of the Council in anyone of the following manners, namely:
(i) One . year experience as an Assistant/Deputy Company Secretary or any other post higher thereto in the Secretarial Department or three years' experience as a Secretarial Officer/Executive in Secretarial Department in any company or body corporate having a paid-up share capital and reserves of not less than rupees twenty-five lakhs or any organization having gross fixed assets of not less than rupees fifty lakhs including any public sector undertaking, autonomous, or statutory body, financial institution or bank which in the opinion of the Council
provides scope for acquiring sufficient professional experience; .
(ii) two years' experience as an executive or three years' experience as an assistant under a Company Secretary in whole-time practice or in a firm of such , Company Secretaries, which in the opinion ,of the Council provides scope for acquiring sufficient professional experience;
(iii) three years' experience of continuous practice on a whole-time basis as a Chartered Accountant or Cost Accountant having carried out statutory/cost/Internal audit or providing management consultancy services or three years' experience of continuous practice as an Advocate in a High Court having rendered services as Counsel/Advisor to a Company having paid-up share capital and services of not less than rupees twenty-five lakhs or any organisation having gross fixed assets of not less than rupees fifty lakhs including any public sector undertaking, autonomous or statutory body, financial institute or bank which in
the opinion of the Council provides scope for acquiring sufficient professional experience;
(iv) three years' experience as an executive or four years' experience as an assistant in the secretarial, administration, accounts, finance, personnel or legal department in any company or body corporate having a paid-up share capital and reserves of not less that rupees twenty-five lakhs or any organisation having' fixed assets of not less than rupees fifty lakhs. including Central/State Government, any Public Sector Undertaking, autonomous or statutory body, financial institution, banking or insurance company which in the opinion of the Council provides scope for acquiring sufficient professional experience;
(v) have acquired practical experience equivalent to those specified under clause (b) or clause (c) of this regulation in such profession Institutions in India ,or abroad as may be recognized by the Council in this behalf on reciprocal basis; .
OR
(b) to undergo training in the manner and areas specified by the Council for a period of fifteen months in a company having a paid-up share capital of not less than rupees fifty lakhs or any other institution or organisation as may be approved by the Council from timeto time;
OR
(c) to undergo training under a Company Secretary in whole-time practice or in a firm of such Company Secretaries as approved by the Council for a period of fifteen months on whole time basis working during normal working hours.
Regulation 48 of the CS Regulation, 1982 deal with exemption in CS Training:
Regulation 48: Practical Experience or Training
Every candidate registered as a student on or after the commencement of the Company Secretaries (Amendment) Regulations, 2001 (including a student registered de novo) and passing the Final examination of the Institute and every candidate registered as a student before the commencement of the said regulations and who has not completed the training in accordance with the regulations in force within five years of date of' his regIstration shall be required either:
(a) to possess practical experience to the satisfaction of the Council in anyone of the following manners, namely:
(i) One . year experience as an Assistant/Deputy Company Secretary or any other post higher thereto in the Secretarial Department or three years' experience as a Secretarial Officer/Executive in Secretarial Department in any company or body corporate having a paid-up share capital and reserves of not less than rupees twenty-five lakhs or any organization having gross fixed assets of not less than rupees fifty lakhs including any public sector undertaking, autonomous, or statutory body, financial institution or bank which in the opinion of the Council
provides scope for acquiring sufficient professional experience; .
(ii) two years' experience as an executive or three years' experience as an assistant under a Company Secretary in whole-time practice or in a firm of such , Company Secretaries, which in the opinion ,of the Council provides scope for acquiring sufficient professional experience;
(iii) three years' experience of continuous practice on a whole-time basis as a Chartered Accountant or Cost Accountant having carried out statutory/cost/Internal audit or providing management consultancy services or three years' experience of continuous practice as an Advocate in a High Court having rendered services as Counsel/Advisor to a Company having paid-up share capital and services of not less than rupees twenty-five lakhs or any organisation having gross fixed assets of not less than rupees fifty lakhs including any public sector undertaking, autonomous or statutory body, financial institute or bank which in
the opinion of the Council provides scope for acquiring sufficient professional experience;
(iv) three years' experience as an executive or four years' experience as an assistant in the secretarial, administration, accounts, finance, personnel or legal department in any company or body corporate having a paid-up share capital and reserves of not less that rupees twenty-five lakhs or any organisation having' fixed assets of not less than rupees fifty lakhs. including Central/State Government, any Public Sector Undertaking, autonomous or statutory body, financial institution, banking or insurance company which in the opinion of the Council provides scope for acquiring sufficient professional experience;
(v) have acquired practical experience equivalent to those specified under clause (b) or clause (c) of this regulation in such profession Institutions in India ,or abroad as may be recognized by the Council in this behalf on reciprocal basis; .
OR
(b) to undergo training in the manner and areas specified by the Council for a period of fifteen months in a company having a paid-up share capital of not less than rupees fifty lakhs or any other institution or organisation as may be approved by the Council from timeto time;
OR
(c) to undergo training under a Company Secretary in whole-time practice or in a firm of such Company Secretaries as approved by the Council for a period of fifteen months on whole time basis working during normal working hours.
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13 March 2013
Dear Sir,
In my case am i eligible for the same or not & which documents i have to submit for Claiming Exemption.
In my case am i eligible for the same or not & which documents i have to submit for Claiming Exemption.
13 March 2013
On the basis of management training you can not get exemption.
13 March 2013
For training exemption form, go to the following link:
http://www.icsi.edu/docs/WebModules/Student/APPLICATION%20FORM%20ST-10.pdf
http://www.icsi.edu/docs/WebModules/Student/APPLICATION%20FORM%20ST-10.pdf
13 March 2013
Dear Sir,
in the above Exemption form Also Management Trainee is included & also i can provide Documents as finance executive,then it's work for exemption.
in the above Exemption form Also Management Trainee is included & also i can provide Documents as finance executive,then it's work for exemption.
13 March 2013
AGREED WITH EXPERT for any query :
http://www.icsi.edu/WebModules/LinksOfWeeks/FAQ-Training.pdf
http://www.icsi.edu/WebModules/LinksOfWeeks/FAQ-Training.pdf
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