Two years working under CA is exempted from articleship?

shyam (CA Inter Student) (229 Points)

14 September 2011  

Hey folks, recently i got the news that a person working under a CA for two years is exempted from doing articleship. The news has passed through unofficial channels, I would like to confirm the authenticity of it , or any related gossips about it. If you had come across any such , pls share..

 Cheers - Shyam Narayanan