1
IMPORTANT ANNOUNCEMENT
BoS/Announcement/227/12 (1) Date: 16
th
August, 2012
Sub: Direct admission to the Chartered Accountancy Course - Exemption from
passing Common Proficiency Test (CPT) to certain categories of students.
Pursuant to Notification No. 1-CA(7)/145/2012 dated 1
st
August, 2012 published in
the Gazette of India notifying amendments made to the Chartered Accountants
Regulations, 1988, the following categories of students shall be exempted from passing the
Common Proficiency Test (CPT) and such students with effect from 1
st
August, 2012 shall
be eligible for direct admission to the Chartered Accountancy Course. Applicants who fulfil
the requirements, as given below, may register for the Intermediate (Integrated
Professional Competence) Course by downloading “Registration Form for admission to
the Intermediate (Integrated Professional Competence) Course under Direct Entry
Scheme” by submitting the filled-in applications to respective Offices of the ICAI as
mentioned in the application form. (Application Form will be available from 17th
August, 2012)
1. Direct Entry to Chartered Accountancy Course:
Exempted Categories:
The following categories of students shall be exempted from passing the Common
Proficiency Test (CPT):-
(A) Graduates or Post Graduates in Commerce having secured in
aggregate a minimum of 55% of the total marks or its equivalent
grade in the examination conducted by any recognised University
(including Open University) by studying any three papers of 100
marks each out of Accounting, Auditing, Mercantile Laws, Corporate
Laws, Economics, Management (including Financial Management),
Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing,
Business Administration or Management Accounting;
OR
Graduates or Post Graduates other than those falling under
Commerce stream mentioned above having secured in aggregate a
minimum of 60% of the total marks or its equivalent grade in the
examination conducted by any recognised University (including Open
University).
Explanation:
(a) for calculating the percentage of marks, the marks secured in
subjects in which a person is required by the University (including
Open University) to obtain only pass marks and for which no special
credit is given for higher marks, shall be ignored; and
(b) any fraction of half or more shall be rounded up to the next whole
number2
Provisional Registration: Students who are pursuing the Final year of
Graduation Course shall be eligible for provisional registration to the
Intermediate (Integrated Professional Competence) Course. Such students
would be required to submit satisfactory proof of having passed the graduation
examination with the specified percentage of marks within six months, from
the date of appearance in the final year graduation examination (i.e. from the
day of commencement of the examination). During the period of provisional
registration, a student can undergo and complete Information Technology
Training (ITT) and Orientation Course. It is clarified that in their case, the
practical training shall commence only on becoming a Graduate with specified
percentage of marks. Such students shall be eligible for appearing in the
Intermediate (Integrated Professional Competence) Examination on completion
of nine months of practical training. If such students fail to produce the proof
within the aforesaid period, his provisional registration shall stand cancelled
and the registration and other fees, as the case may be, paid by him shall not
be refunded/ adjusted and no credit shall also be given for the theoretical
education undergone.
OR
(B) Candidates who have passed the Intermediate level examination or
its equivalent examination by whatever name called conducted by
The Institute of Cost Accountants of India or by The Institute of
Company Secretaries of India.
2. Admission to Practical Training (Articled Training):
(i) Students covered under the category mentioned at (A) above, i.e.
Commerce Graduates or Post Graduates or Non-Commerce Graduates or Post Graduates
with specified percentage of marks shall be eligible for admission to three years articled
training, on completion of -
(a) Information Technology Training;
and
(b) Orientation Course
(ii) Students covered under category (B) above, i.e. those who have passed
Intermediate level examination of The Institute of Cost Accountants of India or The
Institute of Company Secretaries of India shall be eligible for admission to three years
articled training on -
(a) Passing of 1
st
Group or Both Groups of Intermediate (Integrated Professional
Competence) Examination; or Accounting Technician level Examination;
(b) Completion of Information Technology Training; and
(c) Completion of Orientation Course
3. Eligibility to appear in the Intermediate (Integrated Professional
Competence) Examination:
(i) Applicable for students falling under Category (A) above
A candidate shall be eligible for admission to the Intermediate (Integrated
Professional Competence) Examination if he –3
(a) is registered for the Intermediate (Integrated Professional Competence)
Course; and
(b) has completed nine months of practical training (including study course for
a period of eight months which shall commence from the date of
registration to the Course).
(ii) Applicable for students falling under Category (B) above
A candidate shall be eligible for admission to the Intermediate (Integrated
Professional Competence) Examination if he –
(a) is registered for the Intermediate (Integrated Professional Competence)
Course; and
(b) has undergone a study course for a period of eight months commencing
from the date of registration to the Course.
Director, Board of Studies
===========
IMPORTANT ANNOUNCEMENT
BoS/Announcement/227/12 (2) Date: 16
th
August, 2012
Sub: Relaxation in Eligibility Criteria for students registering upto 30
th
September, 2012 under the Direct Entry Scheme – Eligible to
appear in Intermediate (Integrated Professional Competence)
Examination to be held in May, 2013.
The Council, in order to mitigate the hardships being faced by the students
registering under Direct Entry Scheme to Chartered Accountancy Course upto 30
th
September, 2012, has relaxed the eligibility criteria as a one time dispensation, as under,
so as to be eligible to appear in the Intermediate (Integrated Professional Competence)
Examination to be held in May, 2013.
“The Council has resolved as under -
By virtue of powers vested under Regulation 205 of the Chartered Accountants
Regulations, 1988, the Council of The Institute of Chartered Accountants of India
hereby resolves that the eligibility requirement(s), inter alia, for the students
registering under the Direct Entry Scheme for the Intermediate (IPC) Course till 30
th
September, 2012, shall be as under, so as to become eligible to appear in the
Intermediate (IPC) Examination to be held in May, 2013:-
Students registered for the articled training till 30
th
September, 2012 and have
also completed Orientation Course and Information Technology Training (ITT) latest by
31
st
March, 2013.
Such students shall be eligible to appear in the Intermediate (IPC) Examination
to be held in May, 2013 by completing 7 months of articled training and study course4
concurrently, instead of 9 months of articled training and 8 months of study course
respectively.
Students registered for Intermediate (IPC) Course by passing Intermediate level
examination of The Institute of Cost Accountants of India/ The Institute of Company
Secretaries of India shall have to undergo 7 months of study course instead of 8
months as prescribed under Regulations, so as to become eligible to appear in the May,
2013 Examination”.
The eligibility criteria including fee structure for the fresh students registering and
existing CPT/ IPCC/ PE-II/ PCC students converting (under the transition scheme), as the
case may be, under the Direct Entry Scheme are given below for the information of
students:5
Direct Entry Scheme (for Fresh Students) – Eligibility criteria and Fee Structure
Sl.
No.
Fresh Registration
Requirement
of registration
Requirement to undergo articled
training
Examination Eligibility
Fee payable as per existing fee structure
(in Rs.)
1.
Graduates/ Post
Graduates with
prescribed
percentage of marks
i.e. 55 or 60% or
Provisional
Registration* .
Register for
Both Groups
Eligible for admission to three years
articled training, on completion of -
(a) Information Technology Training (ITT);
and
(b) Orientation Course
On completion of nine months of
practical training (which include study
course for a period of eight months
concurrently commences from the date
of registration to the Course).
Registration fee for Both Groups = 9000
Articled Registration Fee = 2000
ATC (Optional ) Fee = 1000
Payable for undergoing the course:
Orientation Course fee = 3000
IT Training Course Fee = 4000
2.
Intermediate level
Examination passed
students of The
Institute of Cost
Accountants of
India/ The Institute of
Company
Secretaries of India
Register for
either 1
st
Group or
Both Groups
(a) On passing either Both Groups/ 1
st
Group of Intermediate (lPC) Examination;
(b) Completion of Information Technology
Training (ITT); and
(c) Completion of Orientation Course
After undergoing a study course for a
period of eight months which shall
commence from the date of registration
to the Course.
Registration fee for Both Groups = 9000
Or
Registration fee for 1
st
Group = 8000
ATC (Optional ) Fee = 1000
Payable for joining the Articled training:
Articled Registration Fee = 2000
Payable for undergoing the course:
Orientation Course fee = 3000
IT Training Course Fee = 4000
Provisional Registration: Students who are pursuing the Final year of Graduation Course shall be eligible for provisional registration to the Intermediate (Integrated Professional Competence)
Course. Such students would be required to submit satisfactory proof of having passed the Graduation examination with the specified percentage of marks within six months from the date of
appearance in the final year Graduation examination (i.e. from the date of commencement of the examination). During the period of provisional registration, a student can undergo IT Training and
Orientation Course. It is clarified that in their case, the practical training can commence only on becoming a Graduate with specified percentage of marks. Such students shall be eligible for
appearing in the Intermediate (Integrated Professional Competence) Examination on completion of nine months of practical training. If such students fail to produce the proof within the aforesaid
period, his provisional registration shall be cancelled and the registration and other fees, as the case may be, paid by him shall not be refunded/ adjusted and no credit shall be given for the
theoretical education undergone.
Note: Students registered for Intermediate (IPC) Course and Articled Training upto 30th September, 2012 are advised to also refer above Important Announcement
No. BoS/Announcement/227/12 (2) dated 16th August, 2012 for relaxation in the eligibility criteria for appearing in the Intermediate (Integrated Professional
Competence) Examination to be held in May, 2013.6
Direct Entry Scheme (Existing Students) – Transition Provisions, Eligibility Criteria and Fee Structure
i) Existing CPT Students:
Sl.
No.
Situation
Requirement
of registration
Requirement to undergo articled training Examination Eligibility
Fee payable as per existing fee structure –
(in Rs.)
1.
CPT students who are
Graduates/ Post
Graduates with 55 or
60% marks.
Register for
Both Groups
Eligible for admission to three years articled
training, on completion of -
(a) Information Technology Training (ITT); and
(b) Orientation Course
On completion of nine months
of practical training (which
include study course for a
period of eight months
concurrently commences from
the date of registration to the
Course).
Conversion Fee = 500
Registration fee for Both Groups = 9000
Articled Registration Fee = 2000
ATC (Optional ) Fee = 1000
Payable for undergoing the course:
Orientation Course fee = 3000
IT Training Course Fee = 4000
2.
CPT students who have
qualified Intermediate
level of ICWAI/ICSI
Register for
Group I or
Both Groups
(a) On passing either Both Groups/ 1
st
Group
of Intermediate (lPC) Examination;
(b) Completion of Information Technology
Training (ITT); and
(c) Completion of Orientation Course
After undergoing a study
course for a period of eight
months which shall commence
from the date of registration to
the Course.
Conversion Fee = 500
Registration fee for Both Groups = 9000
Or
Registration fee for Group I = 8000
ATC (Optional ) Fee = 1000
Payable for joining the Articled training:
Articled Registration Fee = 2000
Payable for undergoing the course:
Orientation Course fee = 3000
IT Training Course Fee = 4000
Note: Students registered for Intermediate (IPC) Course and Articled Training upto 30th September, 2012 are advised to also refer above Important Announcement
No. BoS/Announcement/227/12 (2) dated 16th August, 2012 for relaxation in the eligibility criteria for appearing in the Intermediate (Integrated Professional
Competence) Examination to be held in May, 2013.7
ii) Existing IPCC Students:
Sl.
No.
Situation
Requirement of
registration
Requirement to undergo
articled training
Examination Eligibility
Fee payable as per existing fee structure
(in Rs.)
1.
Students registered in
IPCC after passing
Entrance/ Foundation/
PE-I/ CPT and are
Graduates/ Post
Graduates with 55 or
60% marks but not
passed any of the
Groups
If already registered for
one group then register
for other group
(If already registered for
Both Groups, pay only
conversion fee and articled
registration fee, if not paid
earlier)
Eligible for admission to
three years articled
training, on completion of
-
(a) Information
Technology Training (ITT);
and
(b) Orientation Course
On completion of nine months of
practical training (which include
study course for a period of eight
months concurrently commences
from the date of registration to
the Course).
Conversion Fee = 500
Registration fee for remaining Group, if not
registered for Both Groups
1
st
Group = 7000
2
nd
Group = 6000
Articled Registration Fee, if not paid earlier = 2000
ATC (Optional ) Fee, if not opted earlier =1000
Payable for undergoing the course:
Orientation Course fee = 3000
IT Training Course Fee = 4000
2.
IPCC students who are
Graduates/ Post
Graduates with 55 or
60% marks and have
passed Group II of the
IPCE
Register for 1
st
Group
if not registered for Both
Groups
Eligible for admission to
three years articled
training, on completion of
-
(a) Information
Technology Training (ITT);
and
(b) Orientation Course
On completion of nine months of
practical training (which include
study course for a period of eight
months concurrently commences
from the date of registration to
the Course)
Conversion Fee = 500
Registration fee for 1
st
Group, if not paid
earlier
1
st
Group = 7000
Articled Registration fee,
if not paid earlier = 2000
ATC (Optional ) Fee = 1000
Payable for undergoing the course:
Orientation Course fee = 3000
IT Training Course Fee = 4000
Note: Students registered for Intermediate (IPC) Course and Articled Training upto 30th September, 2012 are advised to also refer above Important Announcement
No. BoS/Announcement/227/12 (2) dated 16th August, 2012 for relaxation in the eligibility criteria for appearing in the Intermediate (Integrated Professional
Competence) Examination to be held in May, 2013.8
iii) PE-II Stream Students/ Erstwhile Intermediate students not converted to PCC/ IPCC:
Sl.
No.
Situation
Requirement
of
registration
Requirement to undergo articled training Examination Eligibility
Fee payable as per existing fee structure
(in Rs.)
1.
PE-II/ Erstwhile
Intermediate stream
students not converted
to PCC/ IPCC and have
not passed either of the
Groups but opts for
Intermediate (IPC)
Course under Direct
Entry Scheme by
fulfilling the requirement
of 55 or 60% marks in
Graduate/ Post
Graduates.
Register for
Both Groups
by paying
conversion
fee and
articled
registration
fee
Eligible for three years articled training, on
completion of -
(a) Computer Training Programme or
Information Technology Training, if not
completed earlier;
(Orientation Course is exempted for this
category of students)
On completion of nine
months of practical training
(which include study course
for a period of eight months
concurrently commences
from the date of registration
to the Course).
Conversion Fee = 500
ATC (Optional ) Fee = 1000
Articled Registration Fee = 2000
Payable for undergoing the IT Training, if not
completed earlier:
IT Training Course Fee = 4000
Note: Students registered for Intermediate (IPC) Course and Articled Training upto 30th September, 2012 are advised to also refer above Important Announcement
No. BoS/Announcement/227/12 (2) dated 16th August, 2012 for relaxation in the eligibility criteria for appearing in the Intermediate (Integrated Professional
Competence) Examination to be held in May, 2013.9
iv) Existing PCC Students:
Sl.
No.
Situation
Requirement
of registration
Requirement to undergo
articled training
Examination Eligibility
Fee payable as per existing fee structure
(in Rs.)
1.
PCC students who opts
for Intermediate (IPC)
Course.
Students may continue
to appear in the last
Professional
Competence
Examination (PCE) to be
held in November, 2012
and thereafter shall be
required to shift to
Intermediate (IPC)
Course in order to
appear in Intermediate
(IPC) Examination to be
held from May, 2013
onwards.
Register for
Both Groups
Complete Computer Training
Programme or Information
Technology Training, if not
completed earlier.
Complete remaining period of
practical training of three and
half years. If terminated then
re-register.
(Orientation Course is
exempted for this category of
students.)
On completion of nine months of practical
training (which include study course for a
period of eight months concurrently
commences from the date of registration to
the Course).
It is clarified that students who have
already fulfilled the above requirement
shall be eligible to appear in the May, 2013
examination. Those students who have not
fulfilled the above requirement shall be
required to re-register for articled training
and fulfil the above requirement so as to
become eligible for appearing in the said
examination.
Conversion Fee = 500
ATC (Optional ) Fee = 1000
Payable for undergoing the IT Training, if not
completed earlier:
IT Training Course Fee = 4000
Director, Board of Studies
CAclubindia
