The candidates enrolled on or after 1st November, 2007 for the Foundation Programme and the candidates enrolled prior to 1st November, 2007, who may so opt, shall be examined in the Foundation Programme Examination to be held from and including December, 2008 in the following papers, namely, — (a) English and Business Communication; (b) Economics and Statistics; (c) Financial Accounting; and sitting a minimum of forty per cent marks in each paper and fifty per cent marks in the aggregate of all papers put together : Provided that a candidate who has appeared in all the papers for which he/she was enrolled and has obtained sixty per cent marks or above in any paper(s), but failed in aggregate, shall be declared to have passed in the subsequent examination, if he/she obtains a minimum of forty per cent marks in each of the remaining paper(s) and fifty per cent marks in the aggregate of the remaining papers at one sitting within the next three following examinations.