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Is ca is eligible for sip exemption??

CA Hari Shankar (Chartered Accountant CS-Final B.Com) (72 Points)

01 March 2012

Hi frndz i am Chartered accountant and also qualified for CS-Executive programme recently and now eligible to enroll myself for CS-executive programme. Someone told me that CA is eligible for exemption from student induction programme(SIP) on the basis of CA-final passed marksheet itself. if anyone knows about it please let me know. i wud be very thankful guyz......

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monu (nil) (276 Points)
Replied 01 March 2012

yes you can

follow this link of similar query

/forum/sip-exemption-190574.asp

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CA Hari Shankar (Chartered Accountant CS-Final B.Com) (72 Points)
Replied 01 March 2012

Thanks monu, but bro limit of 6 months has already been elasped. what do i do now??

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 01 March 2012

Yes you can clain exemption on the basis of your CS qualification.

Exemption from Student Induction Programme [SIP]

The Council of the Institute has approved the eligibility criteria for grant of exemption from undergoing Student Induction Programme (SIP). As per the latest notification from ICSI the following candidates are exempted from undergoing SIP:

Exemption on the basis of Work Experience

Candidates having one year of working experience as assistant or any other post equivalent thereto by whatever name called or any other higher grade thereto in the field of Finance, Secretarial, Human Resource, Marketing, General Administration, Teaching, Research etc. in any body corporate, government body, statutory or autonomous body, public undertaking, financial institution, banks, consultancy firms, Law firms or any other organization/institution which in the opinion of the Council provides scope for adequate exposure for exemption from Students Induction Programme (SIP), or

Exemption on the basis of Professional Qualification

Candidates possessing professional qualification e.g CA, CWA, LL.B, BE/B.Tech/B.Arch, MBBS, Post Graduate Degree/Diploma in Businesses Administration/Management, MCA or any other qualification as approved by the Council from time to time.

Students enrolled on or after 1st September 2009 yet not undergone the SIP

The students who were enrolled on or after 1st September 2009 and yet not undergone the SIP may also apply for the exemption.

TIME LINE FOR SENDING EXEMPTION REQUEST

Students seeking exemption may apply within six months from the date of registration in the Executive Programme.

DOCUMENTS REQUIRED FOR CLAIMING EXEMPTION:

As per my conversation with ICSI office, following documents are required to get exemption from SIP:

Duly filled SIP Exemption Form

Your application to get exemption from SIP should be accompanied with a duly filled SIP exemption form.

To download SIP Exemption form, please check the link below:

EXEMPTION FROM CS STUDENT INDUCTION PROGRAMME (SIP)

Work Experience Certificate

As one of the criteria for exemption is one year of working experience as assistant or any other post equivalent thereto in the field of Finance, Secretarial, HR, Marketing, General Administration, Teaching, Research etc. in any body corporate, government body, statutory or autonomous body, public undertaking, financial institution, banks, consultancy firms, Law firms or any other organization/institution which in the opinion of the Council provides scope for adequate exposure for exemption from SIP you have to attach original copy of your duly signed one year Experience Certificate issued by the employer covering the following details:

Name of the company
Period of employment
Designation
Nature of Job
Copy of degree or diploma on the basis of which you got this job

Self Attested Copy of Degree or Mark Sheet

Another criterion for exemption is possessing professional qualification like CA, CWA, LL.B, BE/B.Tech/B.Arch, MBBS, Post Graduate Degree/Diploma in Businesses Administration/Management, MCA or any other qualification as approved by the Council from time to time by the applicant. To get exemption on the basis of Professional qualification you have to attach self attested copy of Degree or Mark sheet.

ADDRESS FOR SENDING EXEMPTION REQUEST

Please send the duly filled in form within six months from the date of registration in the Executive Programme with the copies of requisite certificates through post to:-

Joint Director –Training & Placement

The Institute of Company Secretaries of India

22, Institutional Area

Lodi Road, New Delhi -110003

You may also mail the soft copies of the documents (PDF) at amit.sircar @ icsi.edu

Courtsey: RG

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CA Hari Shankar (Chartered Accountant CS-Final B.Com) (72 Points)
Replied 01 March 2012

Thanks ankur, everything is ok, but bro limit of 6 months has already been elasped from the cs-executive registration date.. what do i do now?? should i send the mail with documents to the abovementioned mail-id.

mannu (1/2 CA) (589 Points)
Replied 01 March 2012

what is sip ... i m in cs executive.

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Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 01 March 2012

Originally posted by : CA Hari Shankar
	Thanks ankur, everything is ok, but bro limit of 6 months has already been elasped from the cs-executive registration date.. what do i do now?? should i send the mail with documents to the abovementioned mail-id.

Yes bro...send a mail with desired documents.

All the best

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CA Hari Shankar (Chartered Accountant CS-Final B.Com) (72 Points)
Replied 01 March 2012

sip stands for student induction programme......

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Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 01 March 2012

Originally posted by : mannu
	what is sip ... i m in cs executive.

Attention Students!

CS-NEW TRAINING STRUCTURE

The Council of the Institute has approved new training structure for the students of the Company Secretaries course enrolled on or after 1^st September, 2009.

The New Training Structure includes conducting 7 days Student Induction Programme (SIP), 8 days Executive Development Programme (EDP), 25 hours’ compulsory attendance of Professional Development Programmes (PDP), Management Skills Orientation Programme and other requirements during training period while maintaining the existing duration of training, as under:

I. Duration of training:

The existing period of training of 15 Months will be continued and students are free to undergo training wholly or partly with a Company Secretary in Practice or a Company registered for imparting training.

Further, the existing 15 days training in a specialized agency such as the Office of the Registrar of Companies, stock exchange, financial or banking institution or management consultancy firm for another fifteen days, after passing Professional Programme (Final) exams is continued.

II. Training Programmes:

The three programmes at different stages of the course would be conducted as under:

a). Student Induction Programme (SIP) - Duration - 7 days, to be completed by the students within 6 months of registration to the Executive Programme (Intermediate Exams ) covering the following areas:-

English Speaking Skills.
Personality Development and Life Skills – Basic Concepts.
Introduction to Course Contents, Electives and Opportunities both in practice and employment.
Communication Skills, Writing ability-drafting etc.
Usefulness of Reading Newspaper
SWOT Analysis
Computer Literacy (Basics)
Know your Institute

b). Executive Development Programme (EDP) - Duration 8 days, after passing the Executive Programme (Intermediate Exams) covering the following areas:-

1. Personality Development - and Life Skills – Advanced Concepts (Interpersonal Skills, Decision Making Skills, Team Spirit, Negotiating Skills)

2. Computer Literacy and Training (Advance)

3. General awareness of Indian/Global economy, business conditions, Regulatory Insight, Capital Markets, and opportunities

4. Organisation Structure, Role of ROC/CLB/SEBI/SAT /Stock Exchanges/RBI/CCI/ TRAI/NCLT/NCLAT

5. Drafting of Minutes, Notices, Resolutions, Advance business tools such as internet browsing, video conferencing etc.

6. Etiquettes, Inter personal skills, Communication skills, Office culture;

7. Significance of training and Code of conduct applicable during training period

8. Interview Techniques & How to face interviews.

c). Management Skills Orientation Programme (MSOP) – Duration 15 days after passing Professional Programme (Final Exams) covering:-

CORE TOPICS

Leadership skills, Innovation, latest trends in management thoughts.
Business strategy, Corporate restructuring through Mergers & Amalgamations, Take Over, Valuation, Competition Law, Consumer Protection.
Cross border transactions, global business scenario.
Major tax laws, Double Taxation Treaty Agreements, Service Tax.
Corporate Governance, Business Ethics, Sustainability.
Meetings, Secretarial Standards, Important provisions of Company Law.
Capital Market related topics, Regulatory insight, Exchange related issues.
Projects covering diverse areas including corporate laws.
Intellectual Property Rights
Arbitration, Conciliation, Alternate Dispute Redressal Mechanism
Corporate Compliance Management
Areas of Practice –Existing & Emerging
Understanding Financial Statements
Art of Advocacy, Court craft, Pleadings
Board Room behaviour, Drafting of Chairmen’s Speech, Directors’ Report
Networking skills and business behaviour
About ICSI and Code of Conduct
Any other Topic of Topical interest.

As far as practicable, the mechanism for MSOP would be through Case Studies, Story Telling, Group Discussions, Role Playing, simulation exercises and the like so as to provide a real-life practical exposure.

ELECTIVES

Behavioral Sciences
Listing Compliances, Case Studies
Sick Companies and solvency laws
NGOs /Micro financing/Cooperative Societies
Part IX Companies
Practical aspects of Criminal law
Inspection and Investigation, Compounding of offences under various laws Companies Act, FEMA, SEBI
VAT-Procedure & Practice
Laws relating to Intellectual Property Rights
Taxation – Corporate Taxation, Personal Tax Planning & Management, Filing of Returns
Private Equity, Venture Capital, Hedge Funds
International Trade & Policy
Banking & Insurance
Cyber laws
Stress management

III. Implementation Schedule:

Under the new training structure 7 days Student Induction Programme (SIP) & 8 days Executive Development Programme (EDP) would be implemented by Regional Councils & Chapters as under:

Regional Councils 1^st September, 2009
A-1/ A grade Chapters 1^st January, 2010
B grade Chapters 1^st April, 2010

IV. Fee structure:

Student Induction Programme (SIP) Rs. 1000/-
Executive Development Programme (EDP) Rs. 1000/-

V. Applicability:

The new revised training structure will be applicable to the students registered on or after 1^st September, 2009.

VI Attendance in 25 hours Professional Development Programme (PDP):

The students will be required to complete 25 hours of Professional Development Programme (PDP). The Regional Councils & Chapters would allow the students to attend such programmes at concessional rates.

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kiran kumar (student) (39 Points)
Replied 01 March 2012

sir what is procedure for under go sip n list of chapters providing the program. i have register CS-EP in Aug 2011 six months completed... what should i do

Himanshu bansal (CA FINAL) (79 Points)
Replied 05 March 2012

helo ankur sir

pls tell me kya CS ki Training Exempt ho sakti hai?

15 month Training

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CS Smriti Sharma (ACS, B Samrish & Co.) (880 Points)
Replied 06 March 2012

Yes, Exemption from 15 months training can only be claimed on the basis working experience after passing the Final/Professional Programme Examination provided he/she fulfils the requirement of the Company Secretaries Regulations, 1982, as amended.

1 The candidates who have completed the Final/ Professional Programme Examination and possess three years working experience as an executive or four years as an assistant in a company having the paid up share capital of Rs.25 lacs or more. To assess the eligibility for exemption from undergoing 12 months Management Training and partial exemption from undergoing Practical Training on case to case basis.

2 The candidates who have completed the Final / Professional Programme Examination and possess two years working experience as an executive or three years as an assistant with a Company Secretary in Practice. To assess the eligibility for exemption from undergoing 12 months Management Training. From undergoing 12 months Management Training and partial exemption from undergoing Practical Training on case to case bases.

3 In orders to avail total exemption under Regulation 48 & 51 a candidate should posses one year experience as Assistant Secretary or any post higher thereto in the Secretarial Department in a company or body corporate having a paid up share capital and reserves of not less than Rs.25 lacs or any organization having gross fixed assets of not less than Rs.50 lacs including any public Sector Undertaking, Autonomous body, Financial Institution or Bank, which in the opinion of the Council, provides scope for acquiring sufficient professional experience. Please note that 15 days Secretarial Modular Training Programme is compulsory.

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.

Himanshu bansal (CA FINAL) (79 Points)
Replied 06 March 2012

Thanks Smriti Mam. Par mujhe ache se samaj nahi aaya. to kya aap mujhe apna number meri mail id pe msg kar dijiye to mai aapko call karke sahi se pata kar lunga. id hai bansalhimanshu2007 @ yahoo.com

thank you mam