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A query regarding exemption in CS

Harish (CS Executive) (386 Points)

12 March 2010

I have got myself registered in CS last year in the month of sept. At that time i was not a qualified CWA therefore not applied for exemption at the time of registration. But, now i am qualified and want to take exemption in june 2010 exam. Is this possible now or i missed the opportunity? There is exmption in paper 2 and paper 3 of module I. I am planning to appear for module I. Do i have to give only 1 paper and score 50 or more than that to pass???? Please clear my doubt.

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Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 12 March 2010

Find below the details of Exemption in CS course

Exemption from individual paper(s)

Following paperwise exemptions are available on the basis of qualifications mentioned under each paper subject to the condition that the candidate should have obtained fifty per cent or more marks in the aggregate in the examination on the basis of which the exemption is claimed :-

1. General and Commercial Laws

M.A./ M.B.A. (Company Secretaryship) or Degree in Law (three years or five years integrated) from a recognized University/ Institute either constituted under an Act of Parliament or approved by AICTE.

2. Company Accounts and Cost & Management Accounting

M.A ( Corporate Secretaryship)/ M.Com./ M.B.A (with Accountancy as one of the subjects at graduation/ post-graduation level and with full paper in Cost Accounting/Management Accounting/Financial Management at M.A ( Corporate Secretaryship)/ M.Com./ M.B.A level having secured 50%marks in the subject concerned) from a recognized University/ Institute either constituted under an Act of Parliament or approved by AICTE

3. Tax Laws(ITL)

M.A/ M.B.A ( Corporate Secretaryship) from a recognized University/ Institute either constituted under an Act of Parliament or approved by AICTE

Exemption from Individual Paper(s)

A Candidate who has passed the Professional examination of the ICWAI is eligible to seek exemption from the following papers of Executive examination under a reciprocal arrangement existing at present between the two Institutes:

1. Company Accounts and Cost & Management Accounting a

2.Tax Laws