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Is my exemption valid?

Milan (Article Assistant) (69 Points)

15 January 2016

Hi everyone,
I just want to know,
I have applied for CA-Final 1st group exam. Suppose I am present in all 4 subjects and got 0 (zero) marks in 3 subjects and 60+ marks in one subject. Then will the exemption be valid??

Thanking you,
Mahesh

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3 Replies

CA Sanjay Assudani (Assistant Manager - Risk management and Internal Audit) (280 Points)
Replied 15 January 2016

Even if you score 0 marks in other subjects of the group, in which you have failed, exemption will be definitely available to you for the papers in which you scored 60 or more marks. The following is the criteria for exemption - 1. You must be present in all the papers of the group that you are appearing for. 2. You must score minimum 60 marks in a particular paper to claim exemption. 3. The exemption is valid for next 3 immediate succeeding attempts to be appeared by you. 4. In your next attempt you cannot claim further exemption in remaining papers of the group until & unless you have fully exhausted the exemption already granted to you in your previous attempt.

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Sathish M (Management Accountant) (40581 Points)
Replied 16 January 2016

At one sitting you must appear in all the paper(s) of that group or both groups, in order to avail exemption, where in your marks is 60 or more in any one or more subjects. The reply given by Mr. Sanjay is completely right.