15 February 2011
Hi.. I gave my ipcc xam in november 2010... I got d following marks; accounts-37 tax-72 business law-66 ca&fm-33 total:208
my question is that i have got above 60 in both tax and law.can i claim exemption in both the subjects in the may 2011 ipcc xams.?? some of my friends say that i can claim exemption in just one subject..Please clarify.Also tell what minimum marks will i have to score in the other subjects in the next exam if i take an exemption in either tax\law or both.
15 February 2011
37B Requirement for passing the Professional Competence Examination (1) A candidate may appear in both the groups simultaneously or in one group in one examination and in the remaining group at any subsequent examination and shall ordinarily be declared to have passed the Professional Competence Examination if he passes in both the groups. (2) A candidate shall ordinarily be declared to have passed in both the groups simultaneously, if he – (a) secures at one sitting a minimum of 40 per cent marks in each paper of each of the groups and minimum of 50 per cent marks in the aggregate of all the papers of each of the groups; or (b) secures at one sitting a minimum of 40 per cent marks in each paper of both the groups and a minimum of 50 per cent marks in the aggregate of all the papers of both the groups taken together. (3) A candidate shall be declared to have passed in a group if he secures at one sitting a minimum of 40 per cent marks in each paper of the group and a minimum of 50 per cent marks in the aggregate of all the papers of that group. (4) A candidate who has passed in any one but not in both the groups either of the Professional Education (Examination –II) under the syllabus as specified by the Council under sub-regulation(5) of regulation 28B effective from October 2001, the Examination for which commenced from November, 2002 or of the Intermediate Examination as per syllabus under paragraph 2A of Schedule `B’ to the Chartered Accountants Regulations, 1988 shall be eligible for exemption in that particular group and shall be required to appear and pass in the remaining group in order to pass the Professional Competence Examination. (5) The Council may frame guidelines to continue to award exemption in a paper (s) to a candidate, granted earlier under the syllabus as specified under sub-regulation(5) of regulation 28B for the unexpired chance or chances of the exemption in the corresponding paper or paper(s) for the paper or papers in which he had secured exemption if the corresponding paper(s) exists in the new syllabus as may be specified by the Council. On appearing in the examination of the corresponding paper(s) for the papers in which he had failed, he shall be declared to have passed the examination if he secures at one sitting a minimum of 40 per cent marks in the corresponding paper(s) for the paper(s) in which he had failed earlier and a minimum of 50 per cent marks in the aggregate of all the papers of the group including the marks of the paper(s) in which he had earlier been granted exemption by the Council. (6) Notwithstanding anything contained in sub-regulations (1) to (5), a candidate who fails in one or more papers comprised in a group but secures a minimum of 60 per cent of the marks in any paper or papers of that group shall be eligible to appear at any one or more of the immediately next three following examinations in the paper or papers in which he secured less than 60 per cent marks. He shall be declared to have passed in that group if he secures at one sitting a minimum of 40 per cent marks in each of such papers and a minimum of 50 per cent of the total marks of all the papers of that group including the paper or papers in which he had secured a minimum of 60 per cent marks in the earlier examination referred to above. He shall not be eligible for any further exemption in the remaining paper(s) of that group until he has exhausted the exemption already granted to him in that group.
15 February 2011
hi..actually i saw this part in my ipcc form too.but i am having problems in interpreting it.can u explain it in layman's language.i just want to know in how many subjects can i claim exemption in may 2011 ipcc exams and how much do i need to pass d grup after claiming the exemption.
CAclubindia
