Sunday, August 9, 2015

Can Graduates also enroll for the program? Do they have to clear CPT too?

Yes.The following categories of students shall be exempt from passing the Common Proficiency Test (CPT) as per Notification No. 1 - CA (7)/145/2012 dated 1st August, 2012:-
(A) Graduates or Post Graduates in Commerce who have secured in aggregate a minimum of55% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) by studying any three papers of 100 marks each of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting;
(B) Graduates or Post Graduates other than those falling under Commerce streammentioned above having secured in aggregate a minimum of 60% of the total marks or itsequivalent grade in the examination conducted by any recognized University (includingOpen University).Abovecategory of students can commence practical training after undergoingOrientation Course and Information Technology Training (ITT)
Provisional Registration:Students who are pursuing the Final year of Graduation Course shall be eligible for provisionalregistration to the Intermediate (Integrated Professional Competence) Course. Such studentswould be required to submit satisfactory proof of having passed the graduation examination withthe specified percentage of marks within six months, from the date of appearance in the finalyear graduation examination (i.e. from the day of commencement of theexamination). Duringthe period of provisional registration, a student can undergo and complete InformationTechnology Training (ITT) and Orientation Course. It is clarified that in their case, the practicaltraining shall commence only on becoming a Graduate with specified percentage of marks. Suchstudents shall be eligible for appearing in the Intermediate (Integrated ProfessionalCompetence Examination on completion of nine months of practical training. If such students fail to producethe proof within the aforesaid period, his provisional registration shall stand cancelled and theregistration and other fees, as the case may be, paid by him shall not be refunded/ adjusted andno credit shall also be given for the theoretical education undergone.
(C) Candidates who have passed the Intermediate level examination or its examination by whatever name called conducted by The Institute of Cost Accountants ofIndia or by The Institute of Company Secretaries of India.Abovecategory of students shall be eligible toappear in the Intermediate (IPC)Examination after undergoing study course period of 8 months.

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