ICAI Direct Entry Scheme for Graduates – CA CPT Exemption

ICAI launched the Direct Entry Scheme with impact from 1^st August 2012 and in response to this scheme, college students who’ve accomplished their Commencement with specified proportion of marks are exempted from showing for CPT Exams and may instantly seem for IPCC Exams i.e. the Intermediate Stage.  Salient Options of this scheme are given beneath.

Really useful Learn:-

• CPT Go Share
• IPCC Go Share
• CA Remaining Go Share

Direct Entry Scheme for Graduates

The next classes of scholars are exempted from showing for CPT:-

 

 

• Graduates or Submit Graduates in Commerce having secured in combination a minimal of 55% of the full marks or its equal grade within the examination carried out by any acknowledged College (together with Open College) by finding out any three papers of 100 marks every out of Accounting, Auditing, Mercantile Legal guidelines, Company Legal guidelines, Economics, Administration (together with Monetary Administration), Taxation (together with Direct Tax Legal guidelines and Oblique Tax Legal guidelines), Costing, Enterprise Administration or Administration Accounting;

OR

Graduates or Submit Graduates aside from these falling beneath Commerce stream talked about above having secured in combination a minimal of 60% of the full marks or its equal grade within the examination carried out by any acknowledged College (together with Open College).

• Candidates who’ve handed the CS Govt Exams carried out by the Institute of Firm Secretaries of India or Candidates who’ve cleared the CWA Inter Exams carried out by the Institute of Value Accountants of India.

For the aim of computation of proportion, the next factors have been clarified by ICAI:-

1. For topics by which college students are solely required to acquire passing marks and for which no credit are given by the College, the marks secured in such topics shouldn’t be included whereas computing the proportion.
2. Any proportion of half or extra ought to be rounded as much as the subsequent complete quantity.

Graduation of Articleship coaching for Graduates beneath Direct Entry Scheme

College students enrolling for the CA Curriculum beneath the direct entry scheme after Commencement/ Submit Commencement have to begin their articleship coaching earlier than showing for the Intermediate Stage (IPCC).

For college students enrolling for CA Curriculum by way of the CPT Route, they’re first required to clear 1^st group of IPCC after which begin articleship coaching whereas for College students availing the advantage of the direct entry scheme, they first have to finish min 9 months of articleship coaching earlier than being eligible to seem for Intermediate Stage Exams.

College students are required to finish a complete of three years of articleship coaching beneath a CA (equal to internship). This era of 9 months of coaching earlier than showing for IPCC is included within the complete period of three years of articleship coaching.

Nonetheless, candidates who’re enrolling into the CA Curriculum by way of the Direct Entry Route on the idea of their clearing CS Inter or CWA Inter need to first clear IPCC Group 1 earlier than beginning articleship.

 

 

PS: It’s obligatory for all college students to finish Data Know-how Coaching (ITT) and Orientation Program carried out by ICAI earlier than beginning Articleship.

Provisional Registration for College students pursuing Commencement

Sudents within the remaining 12 months of Commencement can even apply for provisional registration for IPCC. They will additionally full the ITT Course and Orientation Course which is mandatorily required to be accomplished earlier than beginning their articleship coaching. Nonetheless, they’ll begin their Articleship Coaching solely after showing for remaining 12 months commencement exams.

Furthermore, their registration could be confirmed solely after submission of Mark Sheet and Go Certificates of Remaining 12 months Exams.

Registration Charges for Direct Entry College students

Contemporary Registration	Requirement of	Charge Payable
	Registration
1. College students enrolling		Registration for each Teams	9000
after Commencement/	Register for	Article Registration Charges	2000
Submit Commencement	Each Teams	ATC Charges (Elective)	1000
or
Provisional		Payable for present process course:-
Registration		Orientation Course Charge	3000
		ITT Course Charge	4000
2. College students enrolling	Register for both	Registration for each Teams, or	9000
after CS Inter/	Group I or	Registration for Group I	8000
CWA Inter	Each Teams	ATC Charges (Elective)	1000
		Payable for present process Articleship
		Article Registration Charges	2000
		Payable for present process course:-
		Orientation Course Charge	3000
		ITT Course Charge	4000

Really useful Learn for Direct Entry College students

1. Detailed Process for enrollment by way of Direct Entry Scheme
2. Software Type for enrollment by way of Direct Entry Scheme

Articleship Leisure for College students changing to Direct Entry Scheme

College students who enrolled for the CA Course by way of the CPT Scheme however have now accomplished their Commencement are additionally eligible to seem for exams by way of the Direct Entry Route. Such college students can convert their Registration to Direct Entry Route.

• Really useful Learn: Process for Conversion from IPCC to Direct Entry Route

College students who’ve registered for the CA Course by way of the CPT Scheme and subsequently appeared for the IPCC Exams however haven’t cleared both one or each the teams of IPCC can convert to the Direct Entry Scheme if they’ve accomplished their Commencement.

Such College students who’re changing from the CPT Scheme to the Direct Entry Scheme are exempted from the requirement of completion of 9 months of articleship to be eligible to seem for IPCC Exams by way of the Direct Entry Scheme. This Leisure has been granted by way of the Regulation No. 205 handed on twenty second July 2015 by ICAI.

In different phrases, college students who’ve already appeared for IPCC Exams and have transformed to the Direct Entry Scheme can seem for the remaining teams of IPCC within the instantly subsequent try with out the requirement for completion of 9 months of articleship. If such college students have secured an exemption in IPCC Exams, it will even be granted to them on conversion to the Direct Entry Scheme

It’s to be famous that the above rest is just for college students who’ve already appeared for IPCC Exams and are actually changing to the Direct Entry Scheme. This rest will not be for recent enrollments to the Direct Entry Scheme. The situation of completion of 9 months of articleship would now solely be relevant to these college students who’re making use of for Contemporary Enrollment within the CA Course on the idea of Commencement.

• Really useful Learn: Official Announcement concerning Articleship Leisure by ICAI

In case of any question concerning the Direct Entry Scheme, please depart your question right here on our Q&A Discussion board.