ICAI : FAQ’s Regarding Relaxation of Articleship for Direct Entry Scheme Students
|FAQs on the applicability of above Announcement|
Ques. To which set of students, the above announcement would be applicable?
Ans.: The above announcement is released for CPT route students who have registered and appeared in the Intermediate (IPC) Exam but did not qualify both the Groups or either of the Group and later on converted into Direct Entry Scheme (DES) after fulfilling the criteria, will be relaxed from completion of nine months of Practical Training for appearing in the Intermediate (IPC) Examination.
Ques. Whether a CPT Route student after passing Group-II of Intermediate (IPC) Examination is eligible for relaxation in completion of nine months of Practical Training for appearing in Group-I of Intermediate (IPC) Examination after converting into Direct Entry Scheme?
Ans.: Yes, he can also avail the benefit of the announcement. It may be mentioned that such students have to start their practical training for availing the relaxation of completion of nine months of Practical Training before appearing in Intermediate (IPC) Examination.
Ques. What is the procedure for availing the benefit arising out of the Announcement?
Ans.: (i) An eligible student with valid registration needs to convert into Direct Entry Scheme. At the time of conversion, a self declaration is to be enclosed stating that the student has already appeared in Intermediate (IPC) Examination(s) through CPT Route but could not qualify the same.
(ii) Such student, after completion of ITT and Orientation Programme, should commence their Practical Training on or before 31st Oct. / 30th Apr. for being eligible to appear in the Nov. / May Intermediate (IPC) Examinations respectively.
Ques. How to fill the Intermediate (IPC) Examination Form for availing the above relaxation?
Ans.: For the time being the eligible students are advised to tick at the option available at Point No. 10 of the Examination form to avail the benefit.