One of my friend is pursuing CS final. She wants to know the details about CS 15 months training which is mandatory now. And please also let me know, is there any exemption from undergoing that training?
Anitha Chandrasekaran (Accountant) (61 Points)
23 August 2013One of my friend is pursuing CS final. She wants to know the details about CS 15 months training which is mandatory now. And please also let me know, is there any exemption from undergoing that training?
Ankit
(CA, CS)
(3064 Points)
Replied 23 August 2013
Dear Anitha,
Training is mandatory now for the membership. There is no exemption for the training. Also you have she will have to do the courses such as EDP, MSOP.
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 23 August 2013
Agree with Ankit ji...she should get enrolled for EDP....as for MSOP it can be done only after completion of 15 mths training...
Ask ur frnd whether she wants to join a firm or a company and apply accordingly..
The learner
(Qualified CA Pursuing CS Professional Mcom(FT))
(133 Points)
Replied 23 August 2013
Plz tell me whether this 15 months training is exempt or not for students who is pursuing CA and completed its Articleship under a Chartered Accountant?
Ankit
(CA, CS)
(3064 Points)
Replied 23 August 2013
No Shruti, unfortunately that is not the case.
even i had completed my CA articleship..and yet i did the training with a company for ICSI.
So you have to do it..inorder to be able to write ACS as a qualification.
Satyajit Singh
(Company Secretary)
(34 Points)
Replied 23 August 2013
ITS MANDATORY IF YOU WANT TO TAKE MEMBERSHIP NUMBER
jinesh
(student)
(409 Points)
Replied 23 August 2013
for whom the 24 month training will be applicable?
likewise which is more easier to enter;in a company or a pcs?
Anitha Chandrasekaran
(Accountant)
(61 Points)
Replied 24 August 2013
Thank u friends for the response.
Can she choose any company of her choice to do the training?
and please do also let me know what is this EDP & MSOP is all about? and where can she do this?
Ankit
(CA, CS)
(3064 Points)
Replied 24 August 2013
Toti Jayasankar
(CS Final)
(224 Points)
Replied 24 August 2013
Dear Anitha Sangeeth
Exemption from undergoing training can only be claimed, after passing the Final/Professional Programme Examination, on the basis working experience provided the applicant fulfills the requirement of the Company Secretaries Regulations, 1982, as amended.
For more details kindly refer Chapter VII of The Company Secretaries Regulations, 1982 which is available on website www.icsi.edu at members link/page.
Following are the documents required to be submitted in order to claim exemption from undergoing training: -
a. Application Form for Management /Apprenticeship/ Practical Training/ Exemption from undergoing Training. (ST-10)
b. Experience Certificate (s) indicating exact designation, duration of service, salary drawn, job contents in brief duly signed by the appropriate authorized signatory of the employer organization.
c. Annual Report(s) in respect of the organization(s)
d. Organization Chart indicating the position in the organizational hierarchy duly certified by the authorized signatory of employer organization.
e. Salary slip for the beginning and last pay drawn from the organization(s)
f. Appointment letter from past/present employer.
2. Copy of final/professional pass mark sheet(s)/certificate;
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 24 August 2013
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 24 August 2013
Company Secretaries Regulation, 1982
Chapter VII
Practical Experience and Training Requirements
47. Practical Experience and Training
A candidate who has passed the Final examination of the Institute shall be required to possess the practical experience and undergo the practical training or be exempted therefrom as specified in this Chapter for becoming eligible to Associate Membership of the Institute.
48. Practical Experience or Training
Every candidate registered as a student on or after the commencement of the Company Secretaries (Amendment) Regulations, 2001 (including a student registered de novo) and passing the Final examination of the Institute and every candidate registered as a student before the commencement of the said regulations and who has not completed the training in accordance with the regulations in force within five years of date of' his regIstration shall be required either:
(a) to possess practical experience to the satisfaction of the Council in anyone of the following manners, namely:
(i) One . year experience as an Assistant/Deputy Company Secretary or any other post higher thereto in the Secretarial Department or three years' experience as a Secretarial Officer/Executive in Secretarial Department in any company or body corporate having a paid-up share capital and reserves of not less than rupees twenty-five lakhs or any organization having gross fixed assets of not less than rupees fifty lakhs including any public sector undertaking, autonomous, or statutory body, financial institution or bank which in the opinion of the Council
provides scope for acquiring sufficient professional experience; .
(ii) two years' experience as an executive or three years' experience as an assistant under a Company Secretary in whole-time practice or in a firm of such , Company Secretaries, which in the opinion ,of the Council provides scope for acquiring sufficient professional experience;
(iii) three years' experience of continuous practice on a whole-time basis as a Chartered Accountant or Cost Accountant having carried out statutory/cost/Internal audit or providing management consultancy services or three years' experience of continuous practice as an Advocate in a High Court having rendered services as Counsel/Advisor to a Company having paid-up share capital and services of not less than rupees twenty-five lakhs or any organisation having gross fixed assets of not less than rupees fifty lakhs including any public sector undertaking, autonomous or statutory body, financial institute or bank which in
the opinion of the Council provides scope for acquiring sufficient professional experience;
(iv) three years' experience as an executive or four years' experience as an assistant in the secretarial, administration, accounts, finance, personnel or legal department in any company or body corporate having a paid-up share capital and reserves of not less that rupees twenty-five lakhs or any organisation having' fixed assets of not less than rupees fifty lakhs. including Central/State Government, any Public Sector Undertaking, autonomous or statutory body, financial institution, banking or insurance company which in the opinion of the Council provides scope for acquiring sufficient professional experience;
(v) have acquired practical experience equivalent to those specified under clause (b) or clause (c) of this regulation in such profession Institutions in India ,or abroad as may be recognized by the Council in this behalf on reciprocal basis; .
OR
(b) to undergo training in the manner and areas specified by the Council for a period of fifteen months in a company having a paid-up share capital of not less than rupees fifty lakhs or any other institution or organisation as may be approved by the Council from timeto time;
OR
(c) to undergo training under a Company Secretary in whole-time practice or in a firm of such Company Secretaries as approved by the Council for a period of fifteen months on whole time basis working during normal working hours.
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 24 August 2013
51. Exemption from undergoing practical training except secretarial training programme
A candidate may be exempted from undergoing practical training as specified in clause (a) of Regulation 50 and fifteen days in a specialized agency as specified in claus,e (b) of Regulation 50, if he possesses one year's experience as assistant secretary or any post higher thereto, in the secretarial department in a company or a body corporate having a paid-up Share capital and reserves of not less than rupees twenty-five lakhs or any Organisation having gross fixed assets of not less than rupees fifty lakhs including ,any public sector undertaking, autonomous body, financial institution of bank which in the opinion of the Council, provides scope for acquiring sufficient professional experience.
52. Partial· exemption from undergoing practical training
A candidate who has acquired practical experience as specified in [clause(a)]60 of Regulation 48 may be exempted, for a maximum period of one month in anyone of the three areas of Practical Training specified in clause (a) Regulation 50 and for a maximum period of fifteen days in a specialized agency as specified in clause (b) of Regulation 50, provided he gives documentary evidence to show that he has acquired substantial portion of his practical experience in that area.
53. Exceptions
(1) (Since deleted)
(2) Any person not falling in all or any respects with regard to practical experience and practical training requirements as specified in the Regulations 48, 51 and 52, but claims to have acquired practical experience and undergone practical training, equivalent to those specified under these regulations may apply for full or partial exemption from acquiring practical experience or undergoing, practical training as the case may be and the Council may determine each case for partial or total exemption taking into account the evidence produced by such person or after interviewing him.
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 24 August 2013
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