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Guidelines For ICSI Cancellation Of Paper Wise Exemptions

Guidelines For ICSI Cancellation Of Paper Wise Exemptions 

ICSI Cancellation Of Paper Wise Exemptions  :  There are many queries related to Paper wise exemption so here we provide complete details and clarification for ICSI Paper Wise Exemption. CS Students may ask Queries like – What is the criteria for exemption on the basis of securing 60% or more marks ? and Reply of this Query is 

First Condition : If a candidate appears in all the required papers covered under the module and scores at least 25% marks in each paper, he/ she shall become eligible for exemption in those paper(s)in which he/she scores 60% or more marks. 

Second Condition : If a candidate appears in all the required papers covered under the module and fails in only one paper covered under the module, he/ she shall become eligible for exemption in the remaining papers, if he/she scores 60% or more marks taken all such remaining papers together & at least 40% marks in each remaining paper. Now check more details about “CS Clarification Regarding Paper wise Exemption” from below…

In accordance with the Sub-Regulation 3 of Regulation 42 of Company Secretaries Regulations 1982, the council of the Institute of Company Secretaries of India (ICSI) shall have the power to decide the individual subject(s)/group(s) of the CS course examination from which a candidate shall be exempted on the basis of prescribed criteria.

Guidelines For ICSI Cancellation Of Paper Wise Exemptions 

ICSI Cancellation Of Paper Wise Exemptions  : Paper-wise exemption in any paper(s) of the examination, once sought by the candidate and granted by the Institute remains valid and is printed in his/her Admit Card (Roll No.) and taken on record for computation of his/her results unless it is cancelled by the student by submitting a formal request to the Institute. Exemption once cancelled on student’s request shall not be revived subsequently under any circumstances.

Candidates fulfilling the eligibility conditions under 60% Marks Criteria have been granted exemption(s) in the respective papers and such exemption(s) has/have been shown in the Admit Card. The details of such exemptions are available in the individual accounts of the students at www.icsi.edu under “Programme Information”. The exemptions so granted will also be shown in the Admit Card to be issued to the eligible students.

If any candidate appears in the examination of any exempted paper disregarding the exemption granted and shown in the Admit Card, the exemption will be cancelled by the Institute without notice and shall not be revived under any circumstances.

Candidates desirous of cancelling the paper-wise exemptions granted to them are advised to submit a formal request through the Online facility available before 17th May 2017. For the purpose, please submit the Online Request by logging into your account at https://smash.icsi.in. The User Manual for submitting the request for cancellation os exemption is furnished below for ready reference : –

USER MANUAL FOR CANCELLATION OF EXEMPTION

Step – 1

After Login with your registration no.

Click on Module—–€ Subject Exemption———€ Exempted  Subjects

Step – 2

Select the Check Box of the Subject the student want to cancel for the current syllabus and then click on Cancel Exemption. Check here Complete details of  ICSI Cancellation Of Paper Wise Exemptions 

GUIDELINES FOR CANCELLATION OF PAPER GUIDELINES FOR CANCELLATION OF PAPER-WISE EXEMPTIONS

Paper-wise exemption in any paper(s) of the examination, once sought by the candidate and granted by the Institute remains valid and is printed in his/her Admit Card (Roll No.) and taken on record for computation of his/her results unless it is cancelled by the student by submitting a formal request to the Institute. Exemption once cancelled on student’s request shall not be revived subsequently under any circumstances.

Candidates fulfilling the eligibility conditions under 60% Marks Criteria have been granted exemption(s) in the respective papers and such exemption(s) has/have been shown in the Admit Card. The details of such exemptions are available in the individual accounts of the students at www.icsi.edu under “Programme Information”. The exemptions so granted will also be shown in the Admit Card to be issued to the eligible students. Ifany candidate appears in the examination of any exempted paper disregarding the exemption granted and shown in the Admit Card, the exemption will be

Guidelines For ICSI Cancellation Of Paper Wise Exemptions 

ICSI Cancellation Of Paper Wise Exemptions  : Accordingly, there are two option for claiming exemption in any paper of CS Foundation, CS Executive (Inter) and CS Professional (Final) examinations. Either you had secured minimum of 60 per cent marks in that particular subject/s in earlier sessions of CS Exams or you have passed such examination of any university or such professional institutes/bodies in India or abroad, as may be recognised by the council of CS Institute from time to time.

As per the present guidelines, students pursuing CS Course are eligible for paper-wise exemptions based on the following higher qualifications acquired by them : –

  1. Passed LL.B. (with 50% or more marks in the aggregate)
  2. Passed the Final Course of The Institute of Cost Accountants of India [ICAI(Cost)]

Following guidelines would now be followed for claiming exemptions in respective papers of CS Executive June/Dec 2017 as well as CS Professional Programme June/Dec 2017 examinations:

A) The Bachelor of Laws (LLB):

Those students who are qualified LLB (Qualification Code-047) with securing minimum 50% marks in the aggregate shall be eligible for claiming paper-wise exemption in Paper 7-Industrial, Labour and General Laws (Paper Code – 327) of CS Executive Programme under New Syllabus (2012).

Remember the LLB Qualification Code-047 and Paper Code – 327 for claiming exemption.

LLB is a 3 Years Degree Course or 5 years integrated law course to be done from a recognized University / Institute either constituted under an Act of Parliament or approved by All India Council for Technical Education (AICTE)/ Association of Indian Universities (AIU).

Therefore, you are not eligible for claiming paper wise exemptions in CS Executive Exams even you are a qualified Chartered Accountant (CA) or having any other professional qualifications. No paper-wise exemption available
for this qualification in any paper covered under Professional Programme Stage.

B) Cost and Management Accountant (CMA):

Following papers shall be exempted to Final examination passed student of the Institute of Cost Accountant of India (ICAI):

Remember the CMA Qualification Code-044 and respective subject or paper codes are as follows:

CS Executive Programme:

Module-1:

Paper-2: Cost and Management Accounting (Paper Code-322)
Paper-4: Tax Laws and Practices (Paper Code- 324)

Module-2:

Paper-5: Company Accounts and Auditing Practices (Paper Code-325)

Students who have been granted exemption in Executive Programme Stage on the basis of having passed Final Course of The Institute of Cost Accountants of India (ICAI-Cost) are required to submit their request for exemptions afresh for papers covered under the Professional Programme Stage & the same are not granted automatically.

CS Professional Programme:

Module-1:

Paper-1: Advanced Company Law and Practice (Paper Code-331)

Module-2:

Paper-5: Financial, Treasury and Forex Management (Paper Code-335)

Module-3:

Paper-7: Advanced Tax Laws and Practice (Paper Code-337)

Thus, the exemption under reciprocal arrangement with Institute of Cost Accountants of India (ICAI) will continue. Students need to upload scanned attested copies of mark sheets of all parts/semesters of LLB degree or scanned attested copies of final pass certificate of ICAI(cost).

Fee and Last Date for paper wise Exemption

Fee for paper wise exemption is ₹1000/- (per subject) and is to be paid through ‘Online Services’ using Credit Card/Debit cards /Net banking /Bank Challan.

CS Institute vide announcement dated 11-08-2016 extended the last date for claiming paper wise exemptions for CS Executive as well as CS Professional examinations. Accordingly, the last date of applying for paper wise exemptions is 9th April 2017 for June 2017 session and 10th October 2017 for Dec 2017 session of CS Inter (Executive Programme) and CS Final (Professional Programme) Examination.

(i) Please check at in cakart.in   for exemptions granted on the basis on 60% or aggregate of 60%

Guidelines For ICSI Cancellation Of Paper Wise Exemptions 

ICSI Cancellation Of Paper Wise Exemptions  :  Following steps/process to be followed for getting paper wise exemptions in CS Inter/Final examinations to be held in June/December every year.

How to Claim Paper-wise Exemption in CS June 2017 Exams

Step-1 (Login Account):

Visit the ICSI official website for students at ICSI.in/Student. Thereafter, click on Login button from the top right corner of opened window.

After successful Login, select My Account from Students Tab menu as shown in this screenshot.

cs

Step-2 (Fill up Form):

Go to Payment Request drop down option tab menu and click on Exemption Qualification Basis Request.

Visit cakart.in downloads section

Now, fill up the required information for claiming your paper wise exemptions for respective examinations.

In Exemption request, Select Apply. Under Module option select the Module and click on the respective subject in which the exemption is to be sought. Thereafter, select the Qualification from drop down list as exemption basis.

Step-3 (Upload Supporting Documents):

Upload the Supporting Document(s) viz. scanned attested copies of mark sheets of all parts/semesters of LLB degree or scanned attested copies of final pass certificate of ICAI (Cost), as the case may be. Note that the file size you are trying to upload should be Maximum 6 MB.

Step-4 (Submit Request):

After selecting the mode of payment (Credit/Debit Card/ Net Banking/ Challan), click on Submit Request. You will see a new window showing your request ID and Transaction ID.

The Request ID and Transaction ID shall automatically be generated for control purpose and before actual payment transaction starts. Please note this for all future communication. That means it does not confirm that payment has been received by CS Institute.

Step-5 (Make Payment):

Finally, click on the button Proceed For Payment and make the payment by using your Master or Maestro Debit/ Credit Card. If you have internet banking facility, then you may create Virtual Card for making payment of fee to ICSI.

In case you shall pay the requisite fee online, please check from the payment status from your bank/ account statement immediately. You may get a print out of the acknowledgement from the ICSI portal after one working day.

Download ICSI student journal 2017 for june 2017 exam

ICSI student journal 2017

Last date for submission of request for cancellation of Exemption

For the students who have enrolled for June, 2017 session and the requests should be submitted at exemption@icsi.edu as per the schedule given below:

  • Foundation Programme Examination: 18th May, 2017 upto 16:00 hours
  • Executive & Professional programme Examination: 6th June, 2017 upto 16:00 Hours

Paper-wise exemption in any paper(s) of the examination, once sought by the candidate and granted by the Institute remains valid and is printed in his/her Admit Card (Roll No.) and taken on record for computation of his/her results unless it is cancelled by the student by submitting a formal request to the Institute. Note that exemption once cancelled on student’s request shall not be revived subsequently under any circumstances.

Therefore, candidates desirous of cancelling the paper-wise exemptions granted to them are advised to send a formal request at E-Mail id exemption@icsi.eduSuch requests for cancellation should be sent latest by 18th May, 2017 (Upto 16:00 Hours) by Foundation Programme Students and by 6th June, 2017 (Upto 16:00 Hours) by Executive and Professional Programme Students.

Guidelines For ICSI Cancellation Of Paper Wise Exemptions 

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