22 July 2011
That rule is still in proposal form.Notification not yet released.You can see the proposal in institute's website under announcements menu.
22 July 2011
Notification issued by ICAI - Common Proficiency Test (CPT) be exempted for candidates who -
(1) are commerce graduates/post-graduates and have studied any three full papers of 100 marks each out of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management including Financial Management, Taxation including Direct Tax Laws, Indirect Tax Laws etc., Costing, Business Administration, Management Accounting and passed the graduate/post-graduate examination by securing in the aggregate a minimum of 55% of the total marks or its equivalent grade from any recognized Universities including Open Universities.
(2)are other graduates/post-graduates not falling in the above category who have passed the graduation/post-graduation examination by securing in the aggregate a minimum of 60% of the total marks in the examination or its equivalent grade from any recognized Universities including Open Universities.
22 July 2011
It may kindly be noted that the above decisions of the Council will come into force subject to relevant provisions of the Chartered Accountants Regulations, 1988 being amended, and the approval of the Central Government, and public exposure as required by law for which the process is in progress.
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