Exemption from 15 month training from icsi
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 March 2013
Respected Expert
This is regarding 15 month exemption from training by ICSI
I am cs professional Student OF ICSI I have Done 2 years works with the Practicing Chartered Accountant
I have worked for Annual Filing and other Secretarial work My Chartere Employer is ready to provide the
Certificate for the area in which I have worked.
My Quary is that can I get exemption on the basis of the Certificate of experience given by the
Practicing Chartered Account from the ICSI or any else solutions on above certificate.
pls help
This is regarding 15 month exemption from training by ICSI
I am cs professional Student OF ICSI I have Done 2 years works with the Practicing Chartered Accountant
I have worked for Annual Filing and other Secretarial work My Chartere Employer is ready to provide the
Certificate for the area in which I have worked.
My Quary is that can I get exemption on the basis of the Certificate of experience given by the
Practicing Chartered Account from the ICSI or any else solutions on above certificate.
pls help
14 March 2013
Exemption can only be claimed on the basis working
experience after passing the Final/Professional Programme
Examination provided he/she fulfils the requirement of the
Company Secretaries Regulations, 1982, as amended.
1 The candidates who have completed the Final/
Professional Programme Examination and possess
three years working experience as an executive or
four years as an assistant in a company having the
paid up share capital of Rs.25 lacs or more. To
assess the eligibility for exemption from
undergoing 12 months Management Training and
partial exemption from undergoing Practical
Training on case to case basis.
2 The candidates who have completed the Final /
Professional Programme Examination and possess
two years working experience as an executive or
three years as an assistant with a Company
Secretary in Practice. To assess the eligibility for
exemption from undergoing 12 months
Management Training. 6
From undergoing 12 months Management Training
and partial exemption from undergoing Practical
Training on case to case bases.
3 In order to avail total exemption under Regulation
48 & 51 a candidate should posses one year
experience as Assistant Secretary or any post
higher thereto in the Secretarial Department in a
company or body corporate having a paid up share
capital and reserves of not less than Rs.25 lacs or
any organization having gross fixed assets of not
less than Rs.50 lacs including any public Sector
Undertaking, Autonomous body, Financial
Institution or Bank, which in the opinion of the
Council, provides scope for acquiring sufficient
professional experience. Please note that 15 days
Secretarial Modular Training Programme is
compulsory.
experience after passing the Final/Professional Programme
Examination provided he/she fulfils the requirement of the
Company Secretaries Regulations, 1982, as amended.
1 The candidates who have completed the Final/
Professional Programme Examination and possess
three years working experience as an executive or
four years as an assistant in a company having the
paid up share capital of Rs.25 lacs or more. To
assess the eligibility for exemption from
undergoing 12 months Management Training and
partial exemption from undergoing Practical
Training on case to case basis.
2 The candidates who have completed the Final /
Professional Programme Examination and possess
two years working experience as an executive or
three years as an assistant with a Company
Secretary in Practice. To assess the eligibility for
exemption from undergoing 12 months
Management Training. 6
From undergoing 12 months Management Training
and partial exemption from undergoing Practical
Training on case to case bases.
3 In order to avail total exemption under Regulation
48 & 51 a candidate should posses one year
experience as Assistant Secretary or any post
higher thereto in the Secretarial Department in a
company or body corporate having a paid up share
capital and reserves of not less than Rs.25 lacs or
any organization having gross fixed assets of not
less than Rs.50 lacs including any public Sector
Undertaking, Autonomous body, Financial
Institution or Bank, which in the opinion of the
Council, provides scope for acquiring sufficient
professional experience. Please note that 15 days
Secretarial Modular Training Programme is
compulsory.
14 March 2013
MUST READ:
https://www.caclubindia.com/experts/exemption-or-rebate-from-cs-15-month-training-1214894.asp#.UUGS3zf7crc
https://www.caclubindia.com/experts/exemption-or-rebate-from-cs-15-month-training-1214894.asp#.UUGS3zf7crc
14 March 2013
Hi
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. 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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