ICSI-FAQ on Modified Switchover Scheme for Professional Programme 2007 (Old) Syllabus to Professional Programme 2012(New)

By | September 20, 2016

Professional Programme 2012(New)

Source ; Institute of Company Secretaries of India

FAQ on  the Modified Switchover Scheme for Professional Programme 2007 (Old) Syllabus to Professional Programme 2012(New) Syllabus as announced by the Institute on 17.09.2016

Question 1   Please clarify   which   students are   covered under the modified switchover Scheme announced by the Institute on 17.09.2016?

Ans. :     All students registered in  Professional Programme 2007  (Old)  Syllabus who shall  be switching over or have already switched over to 2012 (New) Syllabus  shall    be   covered   under   the  modified  switchover  Scheme announced by the Institute.

Question 2   Please clarify   whether the Professional Programme 2007  (Old) Syllabus students shall be allowed further attempts under the 2007 (Old)  Syllabus?

Ans. :      No.  All Professional Programme 2007  (Old)  Syllabus Students shall  be required to  compulsorily switchover to  Professional Programme  2012 (New) Syllabus from December, 2016 Session and no further examinations will be conducted under Professional Programme 2007 (Old)  Syllabus.

Question 3   What are  the steps to be taken by me now?

Ans. :      You will have to use  the online portal and  use  the switchover option from the dropdown Menu. Thereafter, you have to enroll for December, 2016

Session of Examinations in Professional Programme 2012 (New) Syllabus.

In case you directly try to enroll, the system will automatically prompt you to submit the switchover request. After  enrollment, you  have to wait  till the middle of October, 2016 for updated status of paper-wise exemptions in  your  Online Account as  well as  under the Preliminary Examination Enrollment Status on the website.

Question 4   Please  clarify   whether  all   Professional  Programme  2007(Old) Syllabus students  who  shall  be switching over or  have already switched over to Professional Programme (New)  Syllabus shall  be eligible for  exemption from  the paper  “Information Technology and  Systems Audit”  paper  under Professional Programme 2012 (New)   Syllabus?

Ans. :    Yes. All 2007  Syllabus Students switching over or  have already switched over to  Professional Programme  2012  (New)  Syllabus shall  be granted exemption in  “Information Technology and  Systems Audit Paper”. In other words, all students registered  under Professional Programme 2007 (Old) Syllabus and already switched over to Professional Programme 2012 (New) Syllabus at  any  point of time shall  be eligible for  this  exemption. Such students shall be eligible for exemption in the said  paper even if they have already appeared in the examinations under Professional Programme 2012 (New)  Syllabus.

Question 5   Please  clarify   whether  all   Professional  Programme  2007(Old) Syllabus  who   have passed  or  having exemption  in  “Strategic Management,  Alliances and   International Trade”  who  shall   be switching over or have already switched over shall  be eligible for exemption from  the Elective Paper under Module-3 under 2012 (New)   Syllabus)?

Ans. :      Yes.  All those Students who  have passed  the “Strategic Management, Alliances and  International Trade” paper  under Professional Programme 2007  (Old)  Syllabus shall  be granted exemption in  the Elective Paper under Module-3 of Professional Programme 2012 (New)  Syllabus.

Question 6   What   is  the  meaning  of  the  word  ‘cleared/exempted’  in  the announcement?

Ans.  :    A  student who   has   passed  Module-3 under  Professional Programme 2007(Old) Syllabus or  is  having an  exemption in  the paper “Strategic Management,  Alliances and   International Trade” on  the basis of 60% Mark  Criteria shall  be eligible for  exemption from  the Elective Paper under Module-3 of Professional Programme  2012(New) Syllabus.   The exemptions based on 60% Marks  Criteria in any previous examinations is automatically reflected in the Online Student Account. If this exemption is reflected in  Strategic Management,  Alliances and   International Trade paper, it will automatically convert itself  to the Elective Paper after  10th October, 2016 in case you switchover now.

Question 7   The   announcement   on    switchover   and    the   exemptions   in Information Technology and   Systems Audit  paper and   Elective Paper on the basis of passing Strategic Management, Alliances and International Trade are  for one time (December, 2016 Session) or perpetual ?

Ans. :  Exemptions so granted as per the decision of the Institute are  perpetual in nature till the time Student himself cancels this benefit.

Question 8   I do NOT desire to claim   the exemptions as above.  What  should be done in such  cases?

Ans.  :   Please submit a  formal   request for  cancellation of such  exemptions at exemption@icsi.edu  for necessary action at the end of the Institute. The exemptions so cancelled shall  not be reversed under any circumstances.

Question 9   I desire to  change the Combination of  Modules based  on  the modified switchover scheme as announced?

Ans.  : In case the change of the Combination is directly based on  the modified switchover scheme announcement, you shall have to submit additional fees or ask for refund, as the case may be, at our E-Mail id  enroll@icsi.edu on or before the 10th October, 2016.

Question 10    Please clarify   from   which   examination session the proposed exemptions shall  be applicable?

Ans. :  These exemptions shall  come into  force with effect from  CS December, 2016 Session of Examinations onwards.

Question 11    Please clarify  from which date the proposed exemptions shall be granted  and   will  be  reflected in  the  online  account  of  the students?

Ans. :    The exemptions to the eligible students shall be granted after 10th  October, 2016 (which is the last  date for enrollment to December, 2016 Session of Examination).

Question 12    After switchover to the 2012 (New) Syllabus, I will be left with two / three / four papers spread across different modules.  Shall I be eligible to  get the benefit of aggregate  marks by adding the marks scored by me in papers under different modules?

Ans. :       Students who  shall  be enrolling and  appearing in  ALL the remaining papers / modules under 2012  (New)  Syllabus after  switchover, shall  be eligible to get the benefit of aggregate marks by adding the marks scored by them in papers  under different modules. For instance, if a student is required to  pass three papers  under 2012(New) Syllabus under three different modules and  if he scores 45, 46 and  59 Marks  each in the said papers shall pass the examinations on the basis of scoring 50% aggregate marks across modules and minimum 40% marks in each paper, if appears in all such  remaining papers on switchover, in one sitting

Question 13    When  shall   the  refund  of  examination  fee,  if  any,   shall   be processed? Do I have to claim  the refund ?

Ans. :      The refunds,  if any,  of excess examination fee after implementing the modified switchover scheme  shall  be processed after   the December, 2016 Session of Examinations. Yes, you  shall  submit a formal  request at enroll@icsi.edu for refund of the excess amount, if any.

Question 14    I have passed Module-I of the Professional Programme 2007(Old) Syllabus  comprising of two papers. In which  papers I shall  be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. : You will  have to  appear in  the following six  papers spread in  three Modules under  the Professional Programme 2012  (New)  Syllabus to complete the Professional Programme Examination.

Modules  under Professional Programme 2012         (New) Syllabus Subject(s) to be passed
Module I i)         Secretarial Audit,  compliance Management and  DueDiligence.

ii)        Corporate Restructuring, Valuation and  Insolvency.

Module II iii)       Financial, Treasury and  Forex Management iv)       Ethics, Governance and  Sustainability
Module III v)        Advanced Tax Laws and  Practice vi)       Elective Paper

 

Question 15    I  have  passed  Module –  II  of  the  Professional Programme 2007(Old) Syllabus comprising of two papers. In which  papers I shall  be required to appear during December, 2016  Session of Examinations to complete the Professional Programme Stage?

Ans. :      You  will  have to  appear in  the following six  papers spread in  three Modules under  the Professional Programme 2012  (New)     Syllabus to complete the Professional Programme Examination:

Modules  under Professional Programme 2012         (New) Syllabus Paper(s) to be passed
Module I i)         Advanced Company Law and  Practiceii)        Secretarial Audit,  compliance Management and  Due

Diligence.

Module II iii)       Ethics, Governance and  Sustainability
Module III iv)       Advanced Tax Laws and  Practicev)        Drafting, Appearances and  Pleadings vi)       Elective Paper

 

Question 16    I  have  passed  Module –  III  of  the  Professional   Programme 2007(Old) Syllabus comprising of two papers. In which  papers I shall  be required to appear during December, 2016  Session of Examinations to complete the Professional Programme Stage?

Ans.       You will have to appear in the following six papers spread in three Modules under the Professional Programme 2012 (New)   Syllabus to complete the Professional Programme Examination:

Modules  under Professional Programme 2012         (New) Syllabus Paper(s) to be passed
Module I i)         Advanced Company Law and  Practiceii)        Secretarial Audit,  compliance Management and  Due

Diligence.

iii)       Corporate Restructuring, Valuation and  Insolvency

Module II iv)       Financial, Treasury and  Forex Management v)        Ethics, Governance and  Sustainability
Module III vi)       Drafting, Appearances and  Pleadings

 

Question 17    I  have  passed  Module –  IV  of  the  Professional Programme 2007(Old) Syllabus comprising of two papers. In which  papers I shall  be required to appear during December, 2016  Session of Examinations to complete the Professional Programme Stage?

Ans.    You  will  have to  appear in  the following six  papers spread in  three Modules under  the Professional Programme 2012  (New)     Syllabus to complete the Professional Programme Examination:

Modules  under Professional Programme 2012         (New) Syllabus Paper(s) to be passed
Module I i)         Advanced Company Law and  Practiceii)        Corporate Restructuring, Valuation and  Insolvency
Module II iii)       Financial, Treasury and  Forex Management
Module III iv)       Advanced Tax Laws & Practicev)        Drafting, Appearances and  Pleadings vi)       Elective Paper

 

Question 18: I have passed Module – I & Module – II of the Professional Programme 2007(Old) Syllabus comprising of Four papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans.     You  will  have to  appear in  the following  Four  papers spread in  three Modules under  the  Professional Programme  2012   (New)      Syllabus  to complete the Professional Programme Examination:

Modules  under Professional Programme2012         (New) Syllabus Paper(s) to be passed
Module I i)         Secretarial Audit,  compliance Management and  DueDiligence.
Module II ii)        Ethics, Governance and  Sustainability
Module III iii)       Advance Tax Laws & Practice iv)       Elective Paper

Question 19    I have passed  Module –  I & Module –  III of  the Professional Programme 2007(Old) Syllabus  comprising of Four  papers.  In which  papers I shall  be required to appear during December, 2016   Session  of  Examinations  to   complete  the  Professional Programme Stage?

Ans.       You will have to appear in the following Four papers spread in two Modules under the Professional Programme 2012 (New)   Syllabus to complete the Professional Programme Examination:

Modules  under Professional Programme2012         (New) Syllabus Paper(s) to be passed
Module I i)         Secretarial Audit,  compliance Management and  DueDiligence.

ii)        Corporate Restructuring, Valuation and  Insolvency

Module II iii)       Financial, Treasury and  Forex Management iv)       Ethics, Governance and  Sustainability

Question 20:  I have passed Module – I & Module – IV of the Professional Programme 2007(Old) Syllabus comprising of Four papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. :    You  will  have to  appear in  the following Four  papers spread in  three Modules under  the  Professional Programme  2012  (New)     Syllabus  to complete the Professional Programme Examination:

Modules  under Professional Programme2012         (New) Syllabus Paper(s) to be passed
Module I i)         Corporate Restructuring, Valuation and  Insolvency
Module II ii)        Financial, Treasury and  Forex Management
Module III iii)       Advance Tax Laws & Practice iv)       Elective Paper

 

Question 21    I have passed  Module –  II & Module –  III of  the Professional Programme 2007(Old) Syllabus  comprising of Four  papers.  In which  papers I shall  be required to appear during December, 2016   Session  of  Examinations  to   complete  the  Professional Programme Stage?

Ans. :    You  will  have to  appear in  the following Four  papers spread in  three Modules under  the  Professional Programme  2012  (New)     Syllabus  to complete the Professional Programme Examination:

Modules  under Professional Programme2012         (New) Syllabus Paper(s) to be passed
Module I i)         Advanced Company Law and  Practiceii)        Secretarial Audit,  compliance Management and  Due

Diligence.

Module II iii)       Ethics, Governance and  Sustainability
Module III iv)       Drafting, Appearances and  Pleadings

 

Question 22: I have passed Module II & Module IV of the Professional Programme 2007(Old) Syllabus comprising of Four papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. :    You  will  have to  appear in  the  following Four  papers spread in  Two Modules under  the  Professional Programme  2012  (New)     Syllabus  to complete the Professional Programme Examination:

Modules  under Professional Programme 2012         (New) Syllabus Paper(s) to be passed
Module I i)         Advanced Company Law and  Practice
Module III ii)        Advanced Tax Laws & Practiceiii)       Drafting, Appearances and  Pleadings iv)       Elective Paper

 

Question 23    I  have  passed  Module III  &  Module  IV  of  the  Professional Programme  2007(Old) Syllabus comprising  of Four  papers.  In which  papers I shall  be required to appear during December, 2016   Session  of  Examinations  to   complete  the  Professional Programme Stage?

Ans.  :   You   will  have to  appear in  the following Four  papers spread in  three Modules under  the  Professional Programme  2012  (New)     Syllabus  to complete the Professional Programme Examination:

Modules  under Professional Programme 2012         (New) Syllabus Paper(s) to be passed
Module I i)         Advance Company Law and  Practiceii)        Corporate Restructuring, Valuation and  Insolvency
Module II iii)       Financial, Treasury and  Forex Management
Module III iv)       Drafting, Appearances and  Pleadings

 

Question 24: I am left with Module I only of the Professional Programme 2007(Old) Syllabus comprising of Two papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. :      You  will  have to  appear in  the following  Two  papers spread in  Two Modules under  the Professional Programme 2012  (New)     Syllabus to complete the Professional Programme Examination:

Modules  under Professional Programme2012         (New)

Syllabus

Paper(s) to be passed
Module I i)         Advanced Company Law and  Practice
Module III ii)        Drafting, Appearances and  Pleadings

 

Question 25    I  am  left  with  Module  II  onlyof   the  Professional Programme 2007(Old) Syllabus comprising of Two papers. In which  papers I shall  be required to appear during December, 2016  Session of Examinations to complete the Professional Programme Stage?

Ans. :      You  will  have to  appear in  the following  Two  papers spread in  Two Modules under  the  Professional Programme  2012  (New)   Syllabus  to complete the Final Examination:

Modules  under Professional Programme 2012         (New) Syllabus Paper(s) to be passed
Module I i)         Corporate Restructuring, Valuation and  Insolvency
Module II ii)        Financial, Treasury and  Forex Management

 

Question 26: I am left with Module III only of the Professional Programme 2007(Old) Syllabus comprising of Two papers. In which papers I shall be required to appear during December, 2016 Session of Examinations to complete the Professional Programme Stage?

Ans. :    You   will   have  to   appear  in   the  following  TWO   papers  under  the Professional Programme 2012 (New)  Syllabus to complete the Professional Programme Examination:

Modules  under Professional Programme2012         (New)

Syllabus

Paper(s) to be passed
Module III i)         Advanced Tax Laws & Practice ii)        Elective Paper

 

Question 27    I am  left  with  Module IV only  of the Professional Programme 2007(Old) Syllabus comprising of Two papers. In which  papers I shall  be required to appear during December, 2016  Session of Examinations to complete the Professional Programme Stage?

Ans. :    You will have to appear in the following Two papers spread in two Modules under the Professional Programme 2012 (New)   Syllabus to complete the Professional Programme  Examination:

Modules  under Professional Programme2012         (New)

Syllabus

Paper(s) to be passed
Module I i)         Secretarial Audit,  compliance Management and  DueDiligence.
Module II ii)        Ethics, Governance and  Sustainability

 

Question 28    What will be the modified scheme of corresponding exemptions after  switchover from 2007(Old) Syllabus to 2012(New) Syllabus?

 

Paper   Passed    Under  Professional

Programme 2007 (Old) Syllabus

Exemption allowed in the Corresponding Paper UnderProfessional  Programme 2012  (New) Syllabus  as  per  the  modified switchover scheme
Company Secretarial Practice Advanced Company Law and  Practice
Drafting, Appearances and  Pleadings Drafting, Appearances and  Pleadings
Financial,      Treasury       and       ForexManagement Financial,      Treasury        and        ForexManagement
Corporate Restructuring & Insolvency Corporate Restructuring,  Valuation andInsolvency
Strategic   Management,   Alliances   & International Trade Elective Paper under Module3
Advanced Tax Laws and  Practice Advanced Tax Laws and  Practice
Due       Diligence      and        CorporateCompliance Management Secretarial         Audit,           ComplianceManagement and  Due Diligence
Governance,    Business     Ethics     andSustainability Ethics, Governance and  Sustainability
Information Technology and  SystemsAudit (*)

(*)  All Students switching  over from   Professional  Programme 2007  (Old)

Syllabus to  Professional Programme 2012  (New) Syllabus or  have already switched   over  from    Professional   Programme   2007(Old)  Syllabus   to Professional Programme 2012(New) Syllabus shall be eligible for exemption in Information Technology and Systems Audit” paper under the Professional Programme 2012(New) Syllabus.

Direct Taxes Ready Reckoner Service Tax Ready Reckoner Company Law Ready Reckoner tax deduction at source
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