17 July 2012
No such notification has yet come but u can wait till july to end n keep checking the website of ICAI. If no notification comes then either the exmption has been postponed or it wl not be granted.
The Notification issued by Institute on 23.2.2012 granting exemption to Graduate student for direct registration in IPCC. After this notification no further notification on the same matter is issued by Institute. So I will suggest you to contact with nearest Institute for the same to resolve your query.