Techshristi's Forum

Author Topic: Frequently Asked Questions (FAQs) on “Exemption in a Paper/s  (Read 2591 times)

0 Members and 1 Guest are viewing this topic.

Offline Mr. Patel

  • Behind Every Sucessful Business Decision there is always a CMA!
  • Global Moderator
  • *****
  • Posts: 301
    • http://www.techshristi.com/
  • Education: BBA,MBA,CMA
Frequently Asked Questions (FAQs) on “Exemption in a Paper/s
« on: September 24, 2011, 06:41:38 PM »
Frequently Asked Questions (FAQs) on “Exemption in a Paper/s”

Please note that this paper is merely an attempt to provide answers to questions on the subject, posed to us, by the candidates from time to time, to the extent possible and with reference  to the extant scheme of examination.   However, this compilation  is neither exhaustive not does it purport to be a source of complete information on the subject. Hence,  candidates are advised, in their own interest, to refer to the “Guidance Notes” supplied   along   with   the  examination   application   form,   besides   referring   to  the Chartered Accountants Regulations, 1988.

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:
 

i.   You must have appeared in all the papers of the group/unit.
ii.   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.
iii.   The  exemption  is  automatic  and  will  be  found  indicated  in  the statement of marks issued by the Institute.
iv.   An exemption is valid for three immediate succeeding exams and will be carried forward automatically for the next three examinations.
v.   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.
vi.   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?

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?

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?

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.
 




9.   I have already passed one group in PCE and converted to IPCE.   I am now a Unit candidate under IPCE.    Will I get the benefit of the exemption secured by me in PCE, in the corresponding papers of IPCE?

Yes.   The exemption in a paper or papers in a particular group granted earlier to a candidate  of PCE shall continue  to be valid, in the corresponding  paper or papers under the IPCE/ATE,  for the unexpired chance(s).

10. What about exemption  from appearing in any paper/s available  to IPCE Unit candidates?

Unit scheme is meant for those candidates who have passed one of the groups in any of the following exams:

a) CA Intermediate under Para 2A of Schedule B of CA Regulations 1988( i.e Nov
1994 or later) or b) PE II or
c)  PCE who have converted to IPCE

Such a candidate is eligible for conversion to IPCE and may apply for conversion as a student of IPCE.  For details, please visit the Board of Studies Announcements within the students section of the website  <!-- w -->www.icai.org<!-- w -->

Group-wise  exemption  in  IPCE  by  virtue  of  having  passed  one  group  in  CA Intermediate examination under the syllabus as specified in paragraph 2A of Schedule B of Chartered Accountants Regulations 1988 ( i.e. Nov. 1994 or later) or PE II or PCE is not available  in IPCE because the composition  of papers in each group of IPCE is  different from that of Intermediate/ PE II / PCE.  But paper wise exemption secured on the basis of 60% or more marks in a paper(s) of PCE is available for the  corresponding  paper(s)  for  the  unexpired  chance(s),  as  per  details  given below:

For more download the file

From offical website of ICAI
« Last Edit: August 26, 2012, 10:48:36 AM by TechShristi »

Techshristi's Forum

Frequently Asked Questions (FAQs) on “Exemption in a Paper/s
« on: September 24, 2011, 06:41:38 PM »

Offline TechShristi

  • Welclome to Techshristi
  • Administrator
  • *****
  • Posts: 556
    • techshristi
Re: Frequently Asked Questions (FAQs) on “Exemption in a Pap
« Reply #1 on: September 24, 2011, 09:47:47 PM »
Suggessted answer on the Indirect taxation
« Last Edit: January 01, 1970, 05:30:00 AM by Guest »

Techshristi's Forum

Re: Frequently Asked Questions (FAQs) on “Exemption in a Pap
« Reply #1 on: September 24, 2011, 09:47:47 PM »

 
Sitemap 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18