Paper-Wise Exemptions on Reciprocal Basis to ‘ICSI’ & ‘ICWAI’ Students By Council Of Both Institutes

The Council of the Institute i.e. ‘INSTITUTE OF COMPANY SECRETARIES OF INDIA’, has given approval that the final passed students of ICWAI can avail exemptions in the following papers of Foundation Programme, Executive Programme and Professional Programme of the Company Secretaryship Course under the New Syllabus effective from 1st November, 2007, 1st February, 2008 and 1st August, 2008 respectively.

Scheme of Exemptions is as under:

Exemption to ‘ICWAI’ passed candidates in Papers of ‘ICSI’ :

  1. Foundation Programme (4 papers):- Complete exemption.
  2. Exemption in Executive Programme:- 1. Company Accounts, Cost & Management Accounting (Module I, Paper 2), 2. Tax Laws (Module I, Paper 3)
  3. Exemption in Professional Programme :- 1. Financial,Treasury and Forex Management (Module II, Paper 3), 2. Advanced Tax Laws & Practice (Module III, Paper 6)

And vica-versa approval has been given by council of the ‘INSTITUTE OF COST AND WORKS ACCOUNTANTS OF INDIA’ for the final passed students of ICSI.

Scheme of Exemptions is as under:

Exemption to CS passed candidates in papers of ‘ICWAI ‘:

  1. Foundation Course (4 papers) : Complete exemption.
  2. Exemption in Intermediate Course:- 1. Financial Accounting (Paper 5), 2. Applied Direct Taxation (Paper 7)
  3. Exemption in Final Course:- 1.Financial Management & International Finance (Paper 12), 2.Indirect & Direct Tax Management (Paper 14)

The above exemption scheme is effective from December, 2008/ June, 2009 for Foundation/Executive Programme and CS Professional Programme examination(s) respectively.

Students enrolled to Company Secretary-ship Course and wish to seek above said paper-wise exemption(s) – on the strength of having passed the final examination of ICWAI -may make their request in writing to Director (Students Services) at C-37, Sector-62, NOIDA-201 309 (U.P) together with the requisite exemption fee @Rs.100 per paper by way of Demand Draft drawn in favor of `The Institute of Company Secretaries of India payable at New Delhi and the valid document in support of having passed the Final examination of the Institute of Cost & Works Accountants of India on or before the last date of submission of enrollment application for the CS Examination.

9 thoughts on “Paper-Wise Exemptions on Reciprocal Basis to ‘ICSI’ & ‘ICWAI’ Students By Council Of Both Institutes”

  1. i was complete the foundation course from ICWAI. can i get the any exemption in ICSI course. but ICWAI
    course was not complete by me.

  2. i got above 60% mark in my GCL paper of executive module 1…bt did nt passed the group…
    will i get exemption in my next attempt?

  3. I have appeared in ICWA FINAL in Dec'10 .Now I want to admit in ICSI .After pass out ICWA , can I get exemption in ICSI exam ?

  4. I've done principles of cost accounting, Strategic Cost Accounting and Management Control and corporate tax in MBA. is it possible to get exemption for Tax law and cost & management accounting in executive programme.

  5. I had completed ICWA and had taken admission in Company secretaryship Course.

    I just want to know whether i need to submit ET's for exempted subjects also.

  6. hey vikas,
    hi there,

    yes you can take admission in both courses together but that does not make you eligible to attain any kind of exemption in any of both of the courses coz the exemption is available only to final passed student of one or other course,It is also hectic to manage studying both the courses together(its like boating in two boats at one time with greater possibility of sinking).

    So what i would suggest you is that go for one course at a time clear it and than go for another it gives you benefit of claiming exemption also in that other secondary course you opt for.In case you are extra ordinary brains go for both at the end the decision is all yours.

    hope you had your query satisfied for any further query keep poasting you will always get your answers here.
    kratika 🙂

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