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Sip exemption

ANIRUDH AGARWAL (STUDENT) (37 Points)

13 June 2012

I WANT TO KNOW WHAT KIND OF CERTIFICATE IS REQUIRED OF CA COURSE TO GET EXEMPTION FROM SIP????

I AM A CA FINAL STUDENT.

PLEASE HELP.......................

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Ankur Garg (Company Secretary and Compliance Officer) (114778 Points)
Replied 13 June 2012

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