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Articleship before completing ipcc

imran naqvi (Student CA IPC / IPCC) (30 Points)

28 May 2014

Dear Experts,

I have passed CPT and I have registered for IPCC.I just want to know if I can join articleship directly before passing group 1 of IPCC as I have completed my B.COM with above 55% marks.So can I opt for this option?Please reply ASAP.

thanking you!

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5 Replies

Nikhil Kaushik (Fellow CA) (85709 Points)
Replied 28 May 2014

for this you would have to convert to direct entry scheme. However, I would suggest that you should focus on clearing IPCC instead of going for direct entry scheme as it would defocus you.

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imran naqvi (Student CA IPC / IPCC) (30 Points)
Replied 28 May 2014

sir actually i have already attempted for ipcc n i have no chance whatsoever of clearing it in this attempt.so i dont wanna waste my 6 months.i want to start articleship asap!Please guide me with your valuable suggestions that how can I convert to direct entry scheme and what are the cons n pros of this scheme?

Nikhil Kaushik (Fellow CA) (85709 Points)
Replied 28 May 2014

i will address the cons first...

1. finding articleship could become an issue given that your failing to pass IPCC could act as a
negative.

2. articleship could hamper your exam preparation

Pros:

1. once you start articleship, your CA finals attempt gets fixed.

For conversion you need to apply to ICAI. refer https://www.icai.org/directcaform.html

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imran naqvi (Student CA IPC / IPCC) (30 Points)
Replied 01 June 2014

Sir, firstly many thanks!

Secondly i have some doubts about this scheme and i ll be very grateful if u help me out!

Actually there are certain rumours about the conversion scheme going round all over the internet!

So please give your valuable suggestion:

1)if i opt for this conversion scheme,should i have to undergo 9 months of articleship before giving my next ipcc exam?since i have already qualified cpt,so i dont think i should be required to wait for 9 months,in my case!

2)after conversion if i start the articleship(say from august),when will be my first CA-final attempt due?

3)is there any stipulation of clearing both groups of ipcc before a certain period of time in order to give the CA-final attempt?

Like-if after conversion i start articleship from august 2014.in this case i ll be eligible for finals after 2.5 years from this point of time.That will be june 2017 attempt in this case!So my question is what is the latest date i am required to clear both groups of ipcc before the 2017 CA-Final Attempt??

Please reply,i ll be really really grateful!