harpreet singh (Revenue Accountant at PSPCL) (593 Points)
07 August 2010can anybody plzz tell me what is criteraion for scoring exemption in particular subject...
m final student.. my attempt was due in May'11 but as per new announcement by icai m eligible for nov'10.. so far i've prepared only accounts and law.. m intending to sit in nov exam with a target to get exemption in these both subjects.. but someone told me that in order to get exemption u have to score atleast 30 marks in other two subjects i.e. audit and sfm.. plz tell me is it true or not??
CA-CWA RAVI
(CA-CWA in industry)
(5464 Points)
Replied 07 August 2010
@ smriti and harpreet
there are FEW conditions for securing exemptions
1. Sit in all the papers of the Group
2. secure 60+ in a subject that subject shall be ur exempted subject
3. that exemption shall be available for u upto 3 attempts
4. in case u do not want to enjoy ur exemption and want to retake the exam then u need to give a notorised affidavit of such effet to BOS
Note : These are not my assumptions. Read the following guideline of ICAI to this regard
(11)The passing requirement and exemptions under new syllabus in accordance with Regulation 38A of the Chartered Accountants Regulations,1988 as published by Notification No. 1-CA(7)/51/2000 dated 14th August 2001 are as under :
A candidate shall ordinarily be declared to have passed the Final Examination if he passes in both the groups. He may, either appear in both the groups simultaneously or in one group in one examination and in the other group at any subsequent examination.
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 percent marks in each paper of each of the groups and a minimum of 50 percent marks in the aggregate of all the papers of each of the groups; or
(b) secures at one sitting minimum of 40 percent marks in each paper of both the groups and a minimum of 50 percent marks in the aggregate of all the papers of both the groups taken together.
A candidate shall be declared to have passed in a group if he secures at one sitting a minimum of 40 percent marks in each paper of the group and a minimum of 50 percent marks in the aggregate of all the papers of that group.
Notwithstanding anything stated above, a candidate who fails in one or more papers comprised in a group but secures a minimum of 60 percent 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 had secured less than 60 percent marks and shall be declared to have passed in that group if he secures at one attempt a minimum of 40 percent marks in each of such paper or papers and a minimum of 50 percent 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 percent marks in the earlier examination referred to above, if he was present in all the papers of that group and has already exhausted earlier exemption, if any, granted to him in that group.
A candidate who has passed in any one of the groups under para 3 of schedule "BB" to the Chartered Accountants Regulations, 1964 (two group scheme after January 1, 1985) or para 3 or 3A of Schedule B to CA Regulations, 1988 or Regulation 31(2) effective from October, 2001 (the examination, for which commenced from November 2002) will be entitled to exemption in that particular group in the new syllabus i.e., if a person has passed Group-I, he will be entitled for exemption in Group-I and if he has passed Group-II of the syllabus, he will be entitled for exemption in Group - II of the new syllabus.
The implications of the above paragraph above are clarified for general information of the candidates.
(i) That in order to derive benefit of this proviso, a candidate who has failed in a group, should have secureda minimum of 60 percent marks in any paper or papers of the group.
(ii) That the above exemption is automatic and will be found indicated in the mark-sheet issued to thecandidate.
(iii) That the marks of 60 percent or more secured in one or more papers mentioned in para (i) above are carried forward automatically for the immediately next three following examinations.
(iv) That the candidate will be declared to have passed in the said group in any one of the next three following examinations if he secures in a single attempt a minimum of 40 percent marks in each of the papers and an aggregate of 50 percent marks. For the purpose of arriving at the aggregate as already stated in para (iii) above, 60 percent marks or more secured earlier will also be taken into consideration.
(v) That the exemption will be granted only when a candidate is present in all the papers comprised in a group. The candidate is not eligible for any further exemption under this proviso in the next three following examinations (i.e. till the validity of the exemption already granted).
REGARDS
Raghav Toshniwal
(student)
(450 Points)
Replied 07 August 2010
agreed with ravi......
The above conditions when fulfilled ,only then you are allowed to take benefit of exemption..
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