Rules for Exemption in Papers & Validity Period Inter, Final

Rules for Exemption in Papers & Validity Period Inter, Final. Exemption(s) from appearing in a paper(s) or Group of CA Exams, under the New Scheme of Education and Training w.e.f. May 2018 examinations. New Scheme of Education of the CA course, has been implemented with effect from 1st July 2017. The Examinations at various levels under the New Scheme of Education and Training will be held with effect from May 2018 examination onwards.

After Providing CA IPCC and CA Final Result Date for Nov 2020 Exams here we are providing Rules and Procedure for Exemption in Papers & Validity Period. CA IPCC Result Nov 2020 Exams. In the Last Result, Many Students get Exemption in Papers but Everyone asks us for the Validity Period of these Exemptions so we provide a complete guide for the Validation of Exemptions with Rules. After Providing IPCC Registration Last Date for Nov 2021 Exams, Form & Procedure, now we can provide All rules regarding exemption in Papers & Validity Period IPCC, Final Exams.

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Intermediate Examination

Exemption from appearing in a paper or papers on the basis of securing sixty per cent marks

Accordingly, the status of exemptions available to a candidate who had been granted exemption in paper(s) in the Intermediate examination, on the basis of having secured a minimum of sixty marks in paper(s), for the un-expired chance(s) will be as follows:

Exemption in paper/s granted in the Intermediate (IPC) ExaminationExemption in corresponding paper/s in the Intermediate Examination under regulation 28G(4), w.e.f May 2018.
Group I- Paper1 :AccountingGroup I- Paper1 : Accounting
Group I- Paper 2: Business Laws, Ethics and CommunicationGroup I- Paper 2: Corporate & Other Laws
Group I- Paper 3: Cost Accounting and Financial ManagementGroup I- Paper 3: Cost and Management Accounting AND Group II- Paper 8: Financial Management & Economics for Finance
Group I- Paper 4: TaxationGroup I- Paper 4: Taxation Section A: Income Tax Law Section B: Indirect Taxes
Group II- Paper 5: Advanced AccountingGroup II- Paper 5: Advanced Accounting
Group II- Paper 6: Auditing and AssuranceGroup II- Paper 6: Auditing and Assurance
Group II- Paper 7: Information Technology & Strategic Management Section A: Information Technology Section B: Strategic ManagementGroup II- Paper 7: Enterprise Information Systems & Strategic Management Section A: Enterprise Information Systems Section B: Strategic Management

(i) Group-wise Exemption:

Further, the Council decided to grant exemption(s) to a candidate of the Intermediate (New) Syllabus, on the basis of group(s) passed, under the Integrated Professional Competence Examination or the Intermediate (Integrated Professional Competence) Examination, as mentioned in the table below.

Table referred to here in above

GROUP PASSED IN INTERMEDIATE (INTEGRATED PROFESSIONAL COMPETENCE) / INTEGRATED PROFESSIONAL COMPETENCE EXAMINATIONGROUP TO BE PASSED IN THE INTERMEDIATE EXAMINATION UNDER REGULATION 28G (4)
Students who have passed Group–ITo pass Group-II of Intermediate examination excluding Paper no. 8 of Group –II of Intermediate examination ( Unit 10- i.e. Paper 5, 6 and 7 of Intermediate examination-New Syllabus )
Students who have passed Group–IITo pass Group-I of Intermediate examination.

In other words, students who have passed one of the groups of Integrated Professional Competence Examination or the Intermediate (Integrated Professional Competence)Examination but not both the groups of the said examinations are required to appear in the remaining group of the Intermediate Examination as mentioned in the above table.

(ii) Unit Scheme

The Council also approved the “Unit” Scheme as per attachment for those candidates who had completed one of the Groups under the erstwhile Intermediate Examination under the syllabus as specified in paragraph 2A of Schedule B to Chartered Accountants Regulations 1988 (held in November 1994 or thereafter) or Professional Education (Examination II) or Professional Competence Examination (PCE), or Intermediate

(Professional Competence) Examination, or Integrated Professional Competence Examination or Intermediate (IPC) Examination and are desirous of completing the Intermediate Course (New) Syllabus.

Final Examination:

  • Paper-wise Exemption on the basis of securing sixty per cent or more marks:

The Council decided to continue to award exemption in a paper or papers to a candidate, granted earlier under the syllabus approved under clauses (i) and (ii) of Regulation 31 for the unexpired chance or chances of the exemption in the corresponding paper or paper(s) for the paper or papers in which he had secured exemption, if the corresponding paper or paper(s) exist(s) in the new syllabus of the Final Examination approved by the Council under clause (iv) of regulation 31.

In other words, a student of Final (Existing) Course who has been granted exemption in any paper (by virtue of having secured a minimum of sixty percent marks in one or more papers in a Group/s as per the existing criteria for grant of exemptions) under Regulation 38(C)(6) of the Chartered Accountants Regulations, 1988 will be granted exemption in the corresponding paper or papers in the Final (New) Examination for the unexpired chance or chances of the exemption as given below:

Final     (Existing)          Course     under Regulation 31(ii) of the CA RegulationsFinal (New) Course under Regulation 31(iv) of the CA Regulations 1988.
Group–IGroup–I
Paper1:Financial ReportingPaper1:Financial Reporting
  Paper2:Strategic Financial Management  Paper2:Strategic Financial Management
Paper3:Advanced Auditing and Professional EthicsPaper3:Advanced Auditing and Professional Ethics
Paper4:Corporate and Allied LawsPaper 4 : Corporate and Economic Laws
Group–IIGroup–II
Paper5:Advanced Management AccountingPaper 5: Strategic Cost Management and Performance Evaluation
Paper6:Information Systems Control And AuditNil. Since there is no corresponding paper in the New Course.
Paper7:Direct Tax LawsPaper 7 : Direct Tax Laws & International Taxation
Paper8:Indirect Tax LawsPaper 8 : Indirect Tax Laws

(ii) Group-wise exemption:

The Council decided that a candidate who has passed in any one but not in both the

groups of the Final Examination under the syllabus approved by the Council under clauses (i) and (ii) of Regulation 31 or of the Final Examination as per the syllabus under paragraph 3  or 3A of Schedule `B‘ to the Chartered Accountants Regulations, 1988 or paragraph 3 of Schedule BB to the Chartered Accountants Regulations, 1964 (two groups scheme after January 1, 1985) enforced at the relevant time shall be eligible for exemption in that particular group and shall be required to appear and pass in the remaining group in order to pass the Final(New) Examination under Regulation 31(iv).

In other words, students who have passed one of the groups under the syllabus as mentioned above shall be treated as having passed in that particular group and are required to appear in the remaining group of Final (New) examination under Regulation 31(iv) in order to pass the CA Final Examination to be held w.e.f May 2018 onwards. .

Group passed under the Final Course (Under Regulation 31(i) or (ii) or Para 3 or 3A of Schedule B to CA Regulations 1988 or Para 3 of Schedule BB of CA Regulations 1964.Group required to be passed under Final (New) Course under Regulation 31(iv) of CA Regulations 1988.
Students who have passed Group–ITo pass Group-II of Final (New) course and complete Advanced ICITSS and pass the test thereunder.
Students who have passed Group–IITo pass Group-I of Final (New) course and complete Advanced ICITSS and pass the test thereunder.

Candidates are advised to take note of the above and act accordingly.

Rules for Exemption in Papers & Validity Period IPCC, Final

1. What are the passing requirements for PCE/IPCE/Final exam?

a) A candidate shall ordinarily be declared to have passed in both the groups simultaneously, if he-

  • secures at one sitting a minimum of 40% marks in each paper of each of the groups and minimum of 50% marks in the aggregate of all the papers of each of the groups; or
  • secures at one sitting a minimum of 40% marks in each paper of both the groups and a minimum of 50% marks in the aggregate of all the papers of both the groups taken together.

b) A candidate shall be declared to have passed in a Group, if he secures at one sitting a minimum of 40% marks in each paper of the Group and minimum of 50% marks in the aggregate of all the papers of that Group.

2. What are the rules regarding “exemption” and validity period?

  • A candidate who has appeared in all the papers comprised in a group/unit and fails in one or more papers comprised in that group/unit but secures a minimum of 60% of the marks in any paper or papers of that group/unit shall be eligible for exemption in that paper or papers in the next three following examinations.
  • He shall be declared to have passed in that group/unit if he secures at one sitting a minimum of 40% marks in each of the papers of that group/unit and a minimum of 50% of the total marks of all the papers of that group/unit including the paper/s in which he had secured a minimum of 60% marks in the earlier examination.
  • He/she shall not be eligible for any further exemption in the remaining paper(s) of that group/unit until he/she has exhausted the exemption already granted to him in that group/unit.
  • The implications of the above paragraph are clarified below:
    • You must have appeared in all the papers of the group/unit.
    • You must have failed in the group/unit and should have secured a minimum of 60 marks in any paper/s of the group/unit.
    • The exemption is automatic and will be found indicated in the statement of marks issued by the Institute.
    • An exemption is valid for three immediate succeeding exams and will be carried forward automatically for the next three examinations.
    • A candidate shall be declared to have passed in a Group/unit, if he secures at one sitting a minimum of 40 percent marks in each paper of the Group/unit and a minimum of 50 percent marks in the aggregate of all the papers of that group/unit. For the purpose of arriving at the aggregate marks, 60 percent or more marks secured earlier will also be taken into account.
    • As long as exemption in one or more paper(s) of a group/unit, brought forward from an earlier attempt is subsisting, no further exemption in any paper in that group/unit will be given, even if one secures 60% or
      more marks in any paper in that group/unit.
  • The above rules relating to “Exemption” are common to all the exams, i.e., PCE, IPCE, IPCE Units, ATE and Final, conducted by the Institute.

3. I secured exemption in Paper I of PCE/IPCE/Final exam in November 2009 exam. I did not appear in the exams held in May 2010, November 2010 and also in May 2011. I have submitted my exam application form for appearing in November 2011 exam. Can I get the exemption in the said paper in November 2011 exam?

No. The exemption obtained by you in November 2009 exam would last only for the next three exams, i.e. for May 2010, November 2010 and May 2011 exam, irrespective of the fact whether you appeared in those exams or not. The exemption you obtained in November 2009 examination stands exhausted now and will not be valid for November 2011 exam onwards. You will have to appear in the said paper once again in November 2011 exam.

4. I appeared, say, in Papers 1 and 2 of Group I and remained absent in the remaining paper(s) of Group I of PCE / IPCE / Final and secured more than 60% of the marks in both the papers. However my mark sheet does not show any exemption in those two papers. 

To be eligible for exemption in any paper of a group in any of the exams (PCE/IPCE/Final), you should have appeared in all the papers comprised in that group. In your case, though you obtained more than 60% marks in two papers, you will not be eligible for exemption in those two papers since you did not appear in all the papers of that group

5. How do I know that I am eligible for exemption in a paper? 

The fact that you are eligible for exemption in a paper, will be found indicated in the statement of marks, issued by the Institute, by way of a symbol “#” against the marks of the paper(s) in which you had secured a minimum of 60% marks.In your statement of marks, you will find the alphabet “E” marked against the marks of already exempted paper(s) carried forward from an earlier examination, provided the exemption is still valid.

6. I secured exemption in Paper V( Group II) of PCE/IPCE/Final in May 2011 exam. I have submitted my exam application form for appearing in Group II of November 2011 exam. Is the exemption automatic or do I have to specifically mention in my exam application form that I got exemption in Paper V in May 2011 exam?

Ans – An exemption is valid for three immediate succeeding exams and will be carried forward automatically for the next three examinations. However, you are required to give details of the exemption(s) secured by you in the immediate three preceding exams, in your exam form, which will help us to cross check with our data base.

7. I secured exemption in Paper 3 (Group I) of PCE/IPCE/Final in November 2009 exam. I appeared in Group I in May 2011 exam once again and secured more than 60% marks in Paper 2 of (Group I) of PCE/IPCE/Final. However, I did not get exemption in Paper 2 even though I secured more than 60% marks in that paper? Why is it so?

Ans – As long as exemption in one or more paper(s) of a group/unit, brought forward from an earlier attempt is subsisting, no further exemption in any other paper in that group/unit will be given, even if you secure 60% or more marks in any other paper in that group/unit. You will not be eligible for any further exemption in the remaining
paper(s) of that group until you have exhausted the exemption already granted to you in that group.

The exemption that you secured in a paper in November 2009 exam lasted till May 2011 exam. Hence, you did not get any exemption in Paper 2 in May 2011 exam even though you secured more than 60% marks in that paper.

8. I secured exemption in Paper 3 (Group I) of PCE/IPCE/Final in November 2010 exam. I intend to appear in Group II in November 2011 exam and applied for the same. Can I get exemption in any paper in Group II in November 2011 exam if I secure more than 60% marks in any of the papers of Group II?

Ans – Yes. You can get exemption in any of the papers of Group II in November 2011 exam. The exemption that you secured in Paper 3 of Group I does not come in the way of your getting exemption in any paper of Group II. Please note that the rules relating to exemptions are applied group-wise.

However, you will not be eligible for any further exemption in the remaining paper(s) of Group I until you have exhausted the exemption already granted to you in that group.

11. I had earlier secured exemption in a paper(s) in a group(s), on the basis of having secured a minimum of 60% marks in the paper(s), which will be valid for the forthcoming examination. If I appear in the remaining papers in both the groups in the forthcoming examination, will I be eligible for a rank?

No. You will be eligible for a rank only when you appear in all the papers of both the groups, in one sitting, without any carry forward exemption(s) and pass the examination, securing the marks above the cut-off level.

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