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Paper wise exemption in cs and cwa/ca

Aditya (M.Com) (129 Points)

10 June 2013

Hello Friends

Your advices are required on the below query

Paper wise expemption notification has been issued by ICSI under new Syllabus 2013 for CMA students and CA student.. for both Executive and professional prgramme. Can you refer the URL of that notification..

thanks

Aditya

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Sathish M (Management Accountant) (40581 Points)
Replied 10 June 2013

QUERIES RELATED WITH SUBJECT- WISE EXEMPTION

1 Who is eligible to claim subject-wise

exemption on the basis of

qualifications ?

Students having following qualifications ( & having

secured 50% or more marks in aggregate ) and

applying for exemption with requisite certificates and

paper wise exemption fee @ of Rs.1000/= per

subject on or before last day for claiming paper-wise

are eligible to claim exemptions in the respective

subjects :

OLD SYLLABUS ( valid till Dec 2014 exams )

i) General and Commercial Laws :

MA / MBA ( Corporate Secretaryship ) or Degree

in Law ( three years or five years integrated )

from a recognized University / Institute either

constituted under an Act of Parliament or

approved by AICTE ( as equivalent to

corresponding degree )

ii) Company Accounts, Cost and Management

Accounting:

MA ( Corporate Secretaryship) / M Com/ MBA (

with Advanced Accountancy as one of the

subjects at BA(Corporate Secretaryship) /

BBA / BCom level and with full paper in Cost

Accounting / Management Accounting / Financial

Management at MA (Corporate Secretaryship) /

M Com / MBA level having secured 50% marks

in the subject concerned ) from a recognized

University / Institute either constituted under an

Act of Parliament or approved by AICTE ( as

equivalent to MBA degree )

iii) Tax Laws:

MA / MBA ( Corporate Secretaryship ) from a

recognized University / Institute either

constituted under an Act of Parliament or

approved by AICTE ( as equivalent to

corresponding degree ).

Paperwise exemption to Cost Accountants:

A candidate who has passed the Final examination

of the Institute of Cost Accountants of India, shall be

exempted from the following papers of the CS

Executive / Professional Programmes :

1. Executive Programmeme :

a) Tax Laws

b) Company Accounts, Cost & Management

Accounting

2. Professional Proramme:

a) Financial,Treasury and Forex

Management

b) Advanced Tax Laws and Practice

NEW SYLLABUS – For students appearing

under new syllabus in Dec 2013 exam onwards

Students having following qualifications ( & having

secured 50% or more marks in aggregate ) and

applying for exemption with requisite certificates and

paper wise exemption fee @ of Rs.1000/= per

subject on or before last day are eligible to claim

exemptions in the respective subjects :--

i) Industrial, Labour and General Laws: :

MA / MBA ( Corporate Secretaryship ) or Degree

in Law ( three years or five years integrated )

from a recognized University / Institute either

constituted under an Act of Parliament or

approved by AICTE ( as equivalent to

corresponding degree )

ii) Cost and Management Accounting—[CMA] :

MA ( Corporate Secretaryship) / M Com/ MBA (

with Advanced Accountancy as one of the

subjects at B.com/B B A/BA(Corporate

Secretaryship] level and with full paper in Cost

Accounting / Management Accounting/Financial

Management at MA (Corporate Secretaryship) /

M Com / MBA level having secured 50% marks in

the subject concerned ) from a recognized

University / Institute either constituted under an

Act of Parliament or approved by AICTE ( as

equivalent to MBA degree )

A candidate who has done Post Graduate

Diploma in Management will be considered for

exemption from the paper [CMA] only if he/she

submits documentary evidence from AICTE/ AIU

to the effect that the PGDM issued is equivalent to

MBA.

iii) Tax Laws and Practice

MA / MBA ( Corporate Secretaryship ) from a

recognized University / Institute either

constituted under an Act of Parliament or

approved by AICTE ( as equivalent to

corresponding degree ).

Paperwise exemption to Cost Accountants:

A candidate who has passed the Final examination

of the Institute of Cost Accountants of India, shall be

exempted from the following papers of the CS

Executive / Professional Programmes :

Executive Programmeme :

1.Cost and Management Accounting --

[Module1, paper 2]

2.Tax laws and Practice –[Module 1, paper 4]

3 Company Accounts and Auditing Practices-

--Module 2, paper 5]

Professional Proramme:

1. Advanced Company Law and Practice –

[Module 1, paper1]

2. Financial Treasury and Forex

Management [Module 2, paper 5]

3. Advanced Tax laws and Practice

[Module 3, paper 7]

https://icsi.edu/webmodules/LinksOfWeeks/FAQ_Student_06JUN13.PDF

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Sathish M (Management Accountant) (40581 Points)
Replied 10 June 2013

Not sure about exemption granted to CA's

Aditya (M.Com) (129 Points)
Replied 11 June 2013

Hello @ Satish Sir

thanks a lot for your comment and I am having little confusion like whether Final Passed CMA will get exemption in CS Executive/professional programme or Inter passed CMA can get that exemption benefit in CS executive exam ? Pls clarify

thanks

Aditya

CA Roger Vins (Senior Associate) (32 Points)
Replied 27 April 2014

Here ICAI is a institute constructed under an act of the parliment so these exemptions should be available to CAs also.

MOHAN (Student CA CPT ) (22 Points)
Replied 13 October 2017

Hello sir,

I had completed ICWA inter stage under 2008 syllabus, B.Com degree also completed. now i would like to apply CA course.

Now any exemptions avail for me for joining CA course?

please explain me. i am waiting for your reply.

regards

Mohan.E

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