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Prasanth Tamilselvan (Querist)
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04 August 2012 Dear Expert,
I am Graduate in B.com (Commerce) with 54.65% Can i eligible to join ca without cpt... in the notification issued by the CA institute and govt i saw a rule that any fraction of half or more shall be rounded up to the next whole number pls reply me.......

Ajay Mishra

Ajay Mishra (Expert)
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05 August 2012 Hi

As per Regulation 25D(1A) of Chartered Accountant Regulation, 1988, as amended on 01.08.2012:

“(1A) Any graduate or post graduate referred to in sub-clause (ix) of regulation 2 shall be exempted from passing the Common Proficiency Test under this regulation if such person is a -
(i) graduate or post graduate in commerce having secured in aggregate a minimum of fifty-five per cent. of the total marks or its equivalent grade in the examination conducted by any recognised University (including Open University) by studying any three papers of 100 marks each out of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business
Administration or Management Accounting; or
(ii) graduate or post graduate other than those referred to in clause (i), having secured in aggregate a minimum of sixty per cent. of the total marks or its equivalent grade in the examination conducted by any recognised University (including Open University).

(1B) Any candidate who has passed the Intermediate examination conducted by the Institute of Cost Accountants of India set up under the Cost and Works Accountants Act, 1959 (23 of 1959) or by the Institute of Company Secretaries of India set up under the Company Secretaries Act, 1980 (56 of 1980) shall also be exempted from passing the Common Proficiency Test under this regulation.

Explanation.- For the purposes of sub-regulations (1A) and (1B),-
(i) for calculating the percentage of marks, the marks secured in subjects in which a person is required by the University (including open University) to obtain only pass marks and for which no special credit is given for higher marks, shall be ignored; and
(ii) any fraction of half or more shall be rounded up to the next whole number.”.

Regards

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