Cpe hours
This query is : Open
06 December 2012
I have cleared my final CA in may 2012 and i have joined Godrej Infotech Ltd. I would like to know how many cpe hours i need to complete for the year ending 2012 and 2013. I have heard that we get exemption for the first year after becoming CA but also we need to complete some 45 hours in a span of 3 years and the span of 3 years gets completed in 2013. So according to what i have understood i need to complete almost 45 cpe hours before 2013 ends.
06 December 2012
Hi
CPE CREDIT REQUIREMENTS FOR MEMBERS OF THE INSTITUTE
CPE Credit Requirements for the rolling period of three years starting from the calendar year 2008 as given below:
CPE Credit Requirements for members of the Institute
• All the members who are holding Certificate of Practice (except those members who are residing abroad), unless exempted, are required to:
a. Complete at least 90 CPE credit hours in each rolling three-year period of which 60 CPE credit hours should be of structured learning.
b. Complete minimum 20 CPE credit hours of structured learning in each year.
• All the members who are not holding Certificate of Practice or are residing abroad (whether holding Certificate of Practice or not), unless exempted, are required to:
a. Complete at least 45 CPE credit hours of structured/unstructured learning in each rolling three-year period
b. Complete minimum 10 CPE credit hours of structured/unstructured learning in each year.
CPE CREDIT REQUIREMENTS FOR MEMBERS OF THE INSTITUTE
CPE Credit Requirements for the rolling period of three years starting from the calendar year 2008 as given below:
CPE Credit Requirements for members of the Institute
• All the members who are holding Certificate of Practice (except those members who are residing abroad), unless exempted, are required to:
a. Complete at least 90 CPE credit hours in each rolling three-year period of which 60 CPE credit hours should be of structured learning.
b. Complete minimum 20 CPE credit hours of structured learning in each year.
• All the members who are not holding Certificate of Practice or are residing abroad (whether holding Certificate of Practice or not), unless exempted, are required to:
a. Complete at least 45 CPE credit hours of structured/unstructured learning in each rolling three-year period
b. Complete minimum 10 CPE credit hours of structured/unstructured learning in each year.
06 December 2012
Exemption from the requirements of Statement on CPE Applicability
All members of the Institute, except those who are exempted as per Para 6.2 below, are required to meet the CPE credit requirement as would be recommended by the Council from time to time.
The requirements of this Statement shall not apply to:
a. A member who attains the age of 60 years during a particular calendar year. (Deleted as per council decision dated 13-5-2008).
b. A member, for the year during which he gets his Certificate of Practice for the first time.
c. A member or class of members to whom the CPEC may in their absolute discretion grant full/partial exemption either specific/general, on account of facts and circumstances of the case which in their opinion prevent such person(s) from compliance with the requirements of CPE as given in this Statement.
Further, exemption from CPE is also available on medical grounds. For which the CPE Committee has decided as follows:
1. No blanket exemption will be given on medical grounds from the mandatory CPE requirements for members.
2. Relaxation on medical grounds should be on a temporary basis period of which will be decided by the CPE Committee.
3. The claimant should submit the data regarding professional assignments of his own and the firm(s) in which he is a partner.
4. Every member who applies for exemption from the requirements of the Statement on medical grounds has to meet the following documentation requirements for claiming such exemption.
5. Diseases covered under Section 80DD of Income-tax Act be considered favourably for granting exemption.
Exemption from the requirements of Statement on CPE Applicability
All members of the Institute, except those who are exempted as per Para 6.2 below, are required to meet the CPE credit requirement as would be recommended by the Council from time to time.
The requirements of this Statement shall not apply to:
a. A member who attains the age of 60 years during a particular calendar year. (Deleted as per council decision dated 13-5-2008).
b. A member, for the year during which he gets his Certificate of Practice for the first time.
c. A member or class of members to whom the CPEC may in their absolute discretion grant full/partial exemption either specific/general, on account of facts and circumstances of the case which in their opinion prevent such person(s) from compliance with the requirements of CPE as given in this Statement.
Further, exemption from CPE is also available on medical grounds. For which the CPE Committee has decided as follows:
1. No blanket exemption will be given on medical grounds from the mandatory CPE requirements for members.
2. Relaxation on medical grounds should be on a temporary basis period of which will be decided by the CPE Committee.
3. The claimant should submit the data regarding professional assignments of his own and the firm(s) in which he is a partner.
4. Every member who applies for exemption from the requirements of the Statement on medical grounds has to meet the following documentation requirements for claiming such exemption.
5. Diseases covered under Section 80DD of Income-tax Act be considered favourably for granting exemption.
06 December 2012
Sir what is three year rolling period for me when i have cleared in may 2012
06 December 2012
Your rolling period start from becoming members of ICAI holding certificate of practice or not.
06 December 2012
Thank u sir for the help so that means that i shud complete 45 hours of cpe training by 2015.
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